Swiss Ask If Late Saudi King s $100 Million Gift Broke Law swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
(Bloomberg) A Swiss prosecutor is probing whether the late Saudi king broke any laws when he transferred $100 million to a fund controlled by fellow royal Juan Carlos I of Spain in 2008. Last month, a hearing was held behind closed doors in Geneva to discuss a legal opinion that prosecutor Yves Bertossa sought from scholars on whether the payment by the late King Abdullah could constitute a crime under Saudi law, according to documents seen by Bloomberg. Bertossa first solicited the advice in a July 23 letter to the Swiss Institute of Comparative Law. Bertossa’s request for an opinion came just a month after Spanish Supreme Court prosecutors announced they would investigate whether Juan Carlos, who abdicated and lost his immunity from prosecution in 2014, could be pursued for possible crimes linked to a high-speed train contract in Saudi Arabia won by a Spanish-Saudi consortium. Bertossa’s scrutiny of King Abdullah, the half-brother of the current king, could roil Switzerland’s
Swiss prosecutor probes late Saudi King Abdullah s transfer of $134m as gift to Spanish royal fund straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.
On September 16, 2018, Juan Carlos I wrote in his own handwriting a letter to Álvaro de Orleans, 73, a distant cousin who was in trouble at the time.
The Geneva prosecutor Yves Bertossa had registered weeks before the office in Geneva of the wealth manager Arturo Fasana and found the bank movements of two foundations, Zagatka and Lucum, with millionaire accounts in Swiss banks. The first of them, Zagatka, was in the name of Álvaro de Orleans and his son.
Spanish King Emeritus Juan Carlos I during burial Placido Arango in Madrid on Monday 17 February 2020 17/02/2020
A dozen businessmen friends of the king emeritus lent him the 4.4 million