Friends of former King Juan Carlos gave a “vaquita” to help him | the Chronicle

King Emeritus Juan Carlos of Spain, based in Abu Dhabi since August and at the center of several judicial inquiries, had to make a “little cow” between business friends and aristocrats to cash the nearly 4,400,000 euros he paid this week to his country’s treasury.

This is what the newspapers say The country Yes The world and the chain Be, which clearly shows that it was a series of loans from ten friends of the former monarch, and that some of these agreements were even signed in front of a notary to avoid possible future problems.

The collection of 4,395,901.96 euros, which began in January, It initially included 32 names, according to the newspapers, but that number was eventually reduced to around ten, because the rest did not complete the paperwork on time.

Each loan, with a different contribution according to each benefactor, includes an interest rate (which can be 0%) and a repayment period. This last point emphasizes The country, this is problematic because Juan Carlos I is 83 years old and cannot apply for a long-term loan, unless the debt falls on his heirs on death.

Suspicious debt

Friday, the lawyer of the king emeritus announced the payment of approximately 4.4 million euros to the public treasury, an amount which, according to the press, intends to regularize his situation after undeclared services, such as travel, including private jet flights paid for by a Liechtenstein-based foundation owned by a distant cousin.

Take the throne when Juan Carlos abdicated in 2014, Felipe VI distance marked with his father to the point that in March 2020 He gave up his inheritance and withdrew his annual allowance of around 200,000 euros. This week was the King Emeritus’ second fiscal regularization.

In December, she paid around € 680,000 in a case related to an anti-corruption investigation, linked to the use of credit cards for accounts in the name of a Mexican businessman and a colonel in the Spanish Air Force.

The President of the Spanish Government, Pedro Sanchez, asserted that as his compatriots felt “rejection” before the “uncivil behavior” by Juan Carlos.

Presidential anger

“I am going to resoundingly express the same feeling that the majority of Spanish citizens have, which is rejection; I feel the same rejection of these uncivil behaviors that we come to know in the media”, Sánchez said at a press conference.

Juan Carlos went into exile in Abu Dhabi last August when suspicion over the opaque origin of his fortune grew. The King Emeritus is the subject of three investigations in total.

The revelations about the love life and lavish lifestyle of the Spanish head of state between 1975 and 2014, added to the 2018 conviction of his son-in-law for corruption, have eroded the image of the Spanish monarchy.