Former Spanish King involved in fresh scandal after reports he used offshore account for Tahiti holiday

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Juan Carlos, the disgraced former king of Spain, paid for a luxury holiday in Tahiti to celebrate his 78th birthday using money from a foundation at the centre of a financial investigation, according to fresh allegations. The bill for the ten-day holiday to the Pacific island in 2016 was paid by the Fondation Zagatka, a Liechtenstein-based fund whose sole beneficiary is the former king’s cousin, Álvaro d’Orleans-Borbón.

The foundation’s Swiss account is part of an ongoing probe by a Swiss court into the financial activities of the ex-monarch’s associates, including allegations the king was involved in kickbacks for state rail contracts in Saudi Arabia. Juan Carlos is also being investigated for the first time by Spain’s Supreme Court, which will examine if he committed alleged offences relating to the Saudi rail deal after abdicating in 2014. Reigning monarchs cannot face legal proceedings under the Spanish constitution.

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Original Source: By Graham Keeley The Telegraph

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