Research in Switzerland instructed by the chief prosecutor of the canton of Geneva Yves Bertossa you have found an account in Andorra linked to the king emeritus, as revealed this Tuesday by El Confidencial. The deposit, opened in the Andbank bank, was allegedly controlled through an instrumental company – Stream SA – run by front men.
The businessmen who participated in the regularization of the emeritus king: shipowners, bankers and members of the nobility
Researchers have reached the Principality account, active until 2016, by a transfer from the Zagatka Foundation, the entity managed by Álvaro de Orleans-Borbón – distant cousin of Juan Carlos I– that paid for the monarch’s trips worth eight million euros. On May 19, 2008, a transaction was made from Zagatka for 150,000 euros to STREAM SA, a Panamanian company specialized in the constitution of frameworks offshore, according to El Confidencial. That money was sent to an account in Andorra that the Panamanian company had by order of the manager Arturo Fasana, presumably the figurehead of the king emeritus. It was the number AD79 0001 0000 4029 2980 0100 of Andbank.
In this way, according to the Swiss investigations, STREAM SA would have been used as a screen to hide its relationship with the Andorran account. The deposit of this country would be part of the network that Juan Carlos I created to accumulate money outside the Spanish borders.
The Andorran account was canceled in 2016, coinciding with the application of the rule by which the Principality undertook to share banking information with third countries of all foreigners who had active products in its territory, according to El Confidencial. Since its application began in January 2017, many people closed their accounts in advance to prevent that information from being transmitted. That same year, the dissolution of the company STREAM SA also began, which was finally canceled in May of this year due to the non-payment of commercial maintenance fees.
The Office of the Supreme Court in Spain has three avenues of investigation open against the emeritus, the last one started in November of last year after receiving an intelligence report from the anti-money laundering service, which is added to the one that inquires about their accounts in Switzerland already research on the use of opaque cards. King Juan Carlos abdicated in 2014 and until that year he was judicially protected by the Constitution, which establishes a kind of legal impunity for the head of state, considering him inviolable.