Spain’s King Felipe VI has renounced his inheritance after the family finances were exposed in a Saudi scandal. The announcement came after reports earlier this month in the Swiss daily Tribune de Geneve that former monarch Juan Carlos had received 100 million dollars from Saudi Arabia's King Abdullah via a Swiss offshore account of an entity listed in Panama.
Spain’s King Felipe VI Renounces Inheritance After Family Finances Exposed In Saudi Scandal
The money was lodged in a Swiss bank account in the name of a Panamanian foundation, the paper reported, according to which $65 million of that sum was given by King Felipe's father Juan Carlos to his former mistress, Corinna zu Sayn-Wittgenstein.
A later report in Britain's Daily Telegraph said that 52-year-old King Felipe was also a beneficiary of the fund.
In the palace statement released Sunday, the reigning king said that in April he had made it clea...
Full Access
Included:
-
Access to All Articles.
-
One Plan. No Tiers.
-
No Ads.
-
Cancel anytime.
