The Spanish Prosecutor’s Office managed to get King Juan Carlos to return to the public coffers a total of 5,095,148 euros, an amount corresponding to the tax dues for the money he had hidden in an account in Switzerland, which allowed him to avoid criminal proceedings .
In the report of the Prosecutor’s Office of 2022, it is recorded how, after the proceedings opened against the previous head of state, it was not possible to take criminal action against him, although the money was recovered for the Spanish Treasury not declared
The text explains that the investigation opened by the Prosecutor’s Office regarding Joan Carles de Borbó did not allow any criminal action to be taken against him due to “the insufficiency of incriminating evidence, the statute of limitations for the crime, the inviolability of the head of state or fiscal regularization”.
The king emeritus welcomed the fiscal regularization.
The Prosecutor’s Office analyzed several issues, but the large part of the amount surfaced is due to the expenses covered by the Zagatka Foundation in favor of Joan Carles I and established in 2003 by his cousin, Àlvar d’Orleans-Borbó.
The public ministry explains that it was not possible to determine precisely the origin and amount of the funds deposited in the foundation’s accounts, nor the expenses and payments made by this foundation in their entirety. However, the bank information received through the Prosecutor’s Office of the Swiss canton for May, July and December 2021, as well as the content of the tax returns submitted by the representation of Joan Carles de Borbó on the 2nd and 3rd of February 2021, allow to establish that between the years 2014 and 2018 “the Zagatka Foundation, through bank transfers from its financial positions in Swiss entities, paid private expenses of the king emeritus”, collect the proceedings collected in the memory of the public ministry
Thus, the Prosecutor’s Office recalls that the representative of the emeritus presented on February 2 and 3, 2021 complementary self-assessments for the Personal Income Tax corresponding to the years 2014 to 2018, both inclusive. The declarations were made without prior request from the tax administration and brought the corresponding income for a total of 4,416,757.46 euros (3,544,906.22 of the fee plus 871,851.24 euros, corresponding to interest settlements of delay and surcharges).
The Prosecutor’s Office filed, in March of last year, the three investigations that were open to Joan Carles I. The one that focused on the alleged collection of illegal commissions for the intermediation of the emeritus in the contract for the works of the AVE in Mecca, which had to do with the possible existence of hidden funds in a financial trust in the tax haven of Jersey and which concerned the use of funds by the Mexican businessman Allen Sanginés-Krause through ‘a figurehead.
