Juan Carlos I enjoyed a trip to French Polynesia in early 2016 with money from an instrumental society controlled by his cousin Álvaro de Orleans, according to reports The confidential. The company in question, the Zagatka Foundation, would have been used by Álvaro de Orleans to hide part of his fortune abroad. The key to the proceedings opened by the Canton of Geneva Prosecutor’s Office is that, in this case, the King Emeritus would have enjoyed money from opaque accounts after having abdicated and consequently lost his inviolability.
All the protagonists of the case of the fortune of Juan Carlos I in Switzerland
According to El Confidencial, after spending the last days of 2015 in Los Angeles, Juan Carlos I traveled to the Tahiti island, where he spent his 78 years birthday. The King Emeritus would have returned to the United States on January 9th, according to the invoices issued by the travel agency, Midas Travel Management. LThe five round-trip tickets (that of the monarch and his four bodyguards) from Los Angeles to Papeete (capital of the Polynesian archipelago) amounted to 26,311 pounds sterling, about 32,900 euros to change of that moment.
The money was funded by an account at Credit Suisse controlled by the Zagatka Foundation, but the Zagatka Foundation did not pay the travel agency directly, but the money went to the first ex-husband of Corinna Larsen, Philip Adkins, with whom the emeritus maintains a friendly relationship. Her lover’s ex-husband, through his company Cadenza Evening Limited, advanced in October 2015 the amount of the tickets of the king and his escorts to French Polynesia.
The following month, the surroundings of the king emeritus and his main figurehead in Switzerland, Dante Canonica, contacted the secretary of Álvaro de Orleans so that Zagatka would pay the 32,900 euros that Philip Adkins had advanced to a supposedly administered ‘offshore’ company for him, Fathomless Advisory Services Limited.
Regarding the alleged legal consequences of this luxury trip with opaque money, El Confidencial points out that, if the illicit origin of the Zagatka Foundation’s money had been proven, a crime of money laundering would have been committed. There would also have been documentary falsification in the invoice issued by Corinna’s ex-husband’s company to cover the source of the funds, according to the newspaper.
The king emeritus, which is already being investigated by the Supreme Court Prosecutor’s Office by the AVE commissions to Mecca, It would also have mediated for the Spanish company Indra to get contracts in the Saudi Arabian market. As published El Confidencial in other newsJuan Carlos I sent a letter to the Saudi defense minister in 2006 to ask for a meeting with Indra executives, taking advantage of a trip by the company’s president, Javier Monzón. The displacement, which took place weeks later, was led by the King Emeritus himself.
“They have not understood the seriousness of the issues addressed and their possible impact on the Royal House”
The world also publishes this Monday a letter from Corinna Larsen addressed to Zarzuela, after the refusal of the Royal House to enter into a negotiation with it. In the letter, dated April 23, 2019 and sent to the head of the King’s House, Jaime Alfonsín, the ex-lover of the king threatened to uncover sensitive information that implicates the “heart of the Royal House, its finances and its intimate connections with the CNI “.
According to the newspaper, the letter is a response to another letter that Alfonsín sent him on March 21, in which he threatened him with legal action if he “involved” Felipe VI in his father’s operations in Switzerland. Previously, Corinna had informed Philip VI that his father asked him to return the 65 million from Saudi Arabia the year of his abdication..
“Our client is deeply concerned about the position adopted in her letter of March 21. (…) Her refusal to launch negotiations in good faith, appoint a representative to open a communication channel or initiate any other type of Conversations with her (Corinna) is a mistake. (…) It seems that they have not understood the seriousness of the issues addressed and their possible impact on the Royal House, “reflected Corinna Larsen’s letter of April 23, 2019.
The response of the Royal House, at the hands of Alfonsín, consisted of a reiteration of what was already said in the letter of March 21: “The suggestion regarding an alleged initial participation of Felipe VI in a negotiation process must be rejected.”