![]() ![]() Then king Carlos stepped down after nearly 40 years on the throne in 2014 after his daughter's husband became embroiled in a controversial elephant hunting scandal. Shortly after the predecessor trusts were merged into JRM 2004, Mr Romero Maura told trustees of the new fund that Juan Carlos had decided the stability of the Spanish monarchy meant that its initial purpose was now redundant.King Juan Carlos I, a cousin of Queen Elizabeth II, was invited to the late monarch's funeral by Buckingham Palace, but the Spanish government has reportedly asked him not to attend The Spanish investigation said it had found no evidence that the former king ever received payments from JRM 2004 Trust. Some of the money in these funds was provided by another life-long friend of Juan Carlos, Simeon Saxe-Coburg-Gotha, who was the last tsar of Bulgaria until the country abolished its monarchy in 1946.Įvidence provided to the Spanish investigators suggested that the funds were a contingency born from Spain’s troubled entry into the ranks of democratic nations in the late 1970s following the death of the dictator Francisco Franco.Įl Pais said a British administrator of the trusts had said their purpose was to provide financial support to Juan Carlos should Spain’s unstable politics result in a coup d’état earlier in his reign. World Spain's former king Juan Carlos could face court in London over harassment allegations Read More It is understood that the total value of the bequest is likely to be higher than the £8.8m in the trust because it also includes properties in the UK and France belonging to Mr Romero Maura, who was a widower and died childless. We will take great care to ensure the money is deployed to greatest effect and has a lasting legacy in the future.” “We are thrilled as this gift will allow us to make a big difference in the lives of refugees and people seeking asylum. Tamsin Baxter, executive director of fundraising and external affairs for the charity, which according to its Charity Commission filings last year had income of nearly £16m, told i: “Following a robust due diligence process and with agreement from our trustees, we have decided to accept the generous legacy donation from Mr Joaquín Romero Maura. The Refugee Council said its trustees had carried out “robust due diligence” on the donation, which will now be disbursed in annual instalments of €1m (£900,000), and targeted in particular to helping child refugees and young people. The Spanish judicial examination of the JRM 2004 Trust found there was no evidence of wrongdoing in connection with the fund, though it said it had not been able to establish the precise origins of the €14.9m deposited in its Jersey account in 2004. The prosecutors last year shelved that investigation, along with two other probes into the former king’s finances, after variously ruling that there was insufficient evidence for charges or that potential prosecutions were either out of time or barred by the constitutional immunity available to the Spanish monarch.Īs a result, the octogenarian former king is once more tentatively raising his profile despite an ongoing battle in London’s High Court with an ex-lover – he is due in Britain next week for a visit that will reportedly include a private lunch with King Charles. World Spain's former king allowed back from exile after court investigations shelved Read More
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