Swiss Justice Closes Investigation into Spanish King Emeritus Juan Carlos | royals

entertainment">In 2011, a Spanish consortium was awarded the lucrative deal to build a train connection between Medina and Mecca. The Swiss opened an investigation seven years later after media reported that Juan Carlos may have illegally pocketed commission.

entertainment">The then Saudi King Abdullah had deposited the $100 million in a Swiss account. It was in the name of a Panamanian organization to which Juan Carlos, the father of the current King Felipe, was associated. He also had access to the bank account at Mirabaud bank.

entertainment">Swiss justice concluded that the former king transferred most of the money in 2012 to an account in the Bahamas. It was in the name of a company owned by his former mistress, businesswoman Corinna Zu Zein-Wittgenstein. Prosecutors found the shuffling of money suspicious, but also concluded that there was insufficient evidence to prosecute.

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