The Prosecutor's Office managed to get King Emeritus Juan Carlos I to return 5,095,148 euros to the public coffers, an amount corresponding to the tax payments owed for the money he had hidden in an account in Switzerland. In the report of the Prosecutor's Office for 2022, it is recorded how after the proceedings opened against the monarch it was not possible to take criminal action against him although the undeclared money could be recovered for the Spanish Treasury.
In the text he explains that the investigation opened by the Prosecutor's Office regarding Juan Carlos de Borbón 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 accepted the fiscal regularization. The Prosecutor's Office analyzed several matters but the large part of the amount revealed is due to the expenses borne by the Zagatka Foundation in favor of Juan Carlos I, and established in 2003 by his cousin Álvaro de Orleans-Borbón.
“It was not possible to determine precisely the origin and amount of the funds recorded in the Foundation's accounts, nor the expenses and payments made by said foundation in their entirety. However, the banking information received through the Prosecutor's Office of the Canton of Geneva in May, July and December 2021, as well as the content of the tax returns presented by the representation of Juan Carlos de Borbón on February 2 and 3, 2021, allow us 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,” the proceedings collected in the report state.
Thus, remember that the monarch's representative presented complementary personal income tax self-assessments on February 2 and 3, 2021 corresponding to the years 2014 to 2018, both included. The declarations were produced without prior request from the Tax Administration and entailed 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 the settlements of late payment interest and surcharges).
“The banking documentation sent by the Geneva Prosecutor's Office has made it possible to verify that each and every one of the debits in the corresponding Zagatka accounts have been included as income subject to tax in the aforementioned complementary statements presented by the representation of Juan Carlos de Borbón and In addition, there is no charge in these accounts for payment of other services provided by these entities that have not been included in such statements," he adds.
In March of last year, the Prosecutor's Office closed the three investigations that it kept open against Juan Carlos 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 to Mecca , the one that had to do with the possible existence of hidden funds in a financial trust in the tax haven of Jersey and the one that dealt with the use of funds from the Mexican businessman Allen Sanginés-Krause through a front man.
It was as a result of the first of the investigations that the Zagatka Foundation account in the name of Álvaro de Orleans was discovered, through which a series of expenses were paid, such as plane tickets and hotels.
