Spain's former monarch, Juan Carlos I, is leaving the country to live in another, unspecified, country amid a financial scandal, a letter published on the royal family’s website says.
in favor of his son Felipe VI, losing the immunity from prosecution Spain’s Constitution grants to the head of state.
After media reports claimed Felipe was a beneficiary of an offshore account holding an alleged 65 million-euro gift from Saudi Arabia to Juan Carlos, Felipe renounced any future personal inheritance he might receive from the former king.The royal house has denied that Felipe had any knowledge of his father’s alleged financial irregularities.
Though Juan Carlos’ finances have been questioned in Spanish media for years, there have so far been no legal implications for him. Spanish lawmakers have rejected at least two proposals since the first allegations emerged to open parliamentary investigations.
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