Former king Juan Carlos paid Spain’s debt …

Former Spanish king Juan Carlos has paid a debt of 4.4 million euros to Spanish tax authorities thanks to loans from twelve friends. Spanish media reported this on Saturday.

The beneficiaries are mainly businessmen and aristocrats, who made loans to the former Spanish king, according to El Pais, El Mundo and Cadena Ser radio station. It is really about loans and not donations. Rather, some of those involved have a contract with a notary, according to El Pais.

He started collecting 4395901.96 euros at the beginning of January. Initially, 32 names were distributed to people who would have helped Juan Carlos, but in the end there were only 12 people who were able to complete the procedures on time.

On Friday, Juan Carlos’ lawyer announced that the money had been transferred to the tax authorities. The goal is to organize trips that he took by private plane. At the time, the costs for this money were paid for by a Liechtenstein-based foundation that belonged to one of its distant cousins.

In December last year, Juan Carlos had already paid 678,000 euros to avoid a criminal prosecution for tax evasion.

There are a total of three lawsuits against Juan Carlos in Spain. In 2014, he abdicated the throne after nearly forty years.

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Denton Watson

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