Spain: Prosecutors shelve fraud probes haunting former king
ABC News
Spanish prosecutors are shelving two investigations into alleged financial wrongdoing in Juan Carlos I’s business dealings that prompted the former monarch to move from Spain to Abu Dhabi
MADRID -- Spanish prosecutors are shelving two investigations into alleged financial wrongdoing in Juan Carlos I's business dealings that prompted the former monarch to move from Spain to Abu Dhabi.
Prosecutors in the Spanish Supreme Court said Wednesday they didn't find evidence that could be prosecuted, because the monarch was protected by immunity until his abdication eight years ago and because any possible fraud fell out of the statute of limitations.
The probes allowed the recovery of 5.1 million euros ($5.6 million) in fines and taxes for income that Juan Carlos had failed to declare to Spain's tax authorities, the prosecutors said in their conclusions.
One of the probes involved offshore accounts in Jersey, a tax haven, that prosecutors said couldn't currently be linked to the 84-year-old Juan Carlos.