Royal household responds after report named King Felipe as a beneficiary of an alleged offshore fund set up by his father in 2008
Spain’s King Felipe VI has renounced his personal inheritance from his father and stripped the former king Juan Carlos of his annual stipend after it was alleged that Felipe VI was poised to receive millions of euros from a secret offshore fund with ties to Saudi Arabia.
The statement issued by Spain’s royal household on Sunday evening came after a report named King Felipe as a beneficiary of an offshore fund set up by his father in 2008. At the time, Juan Carlos was still in power.
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