Former Spanish King Juan Carlos faces investigation over alleged Jersey trust fund ...Middle East

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Former Spanish King Juan Carlos faces investigation over alleged Jersey trust fund
Former Spanish King Juan Carlos is facing a fresh investigation into his finances, reportedly focusing on a trust fund in Jersey. Spain’s attorney general, Dolores Delgado, announced the investigation based on a report by the state’s anti-money laundering intelligence unit, Sepblac. Spanish media claim the Sepblac report focuses on an alleged hidden fortune in the Channel Islands, specifically a trust fund domiciled in Jersey of which Juan Carlos is named as the beneficiary. The trust fund reportedly received five million euros from an older Channel Islands structure in 2005 and remains active. Chief Anti-Corruption Prosecutor Alejandro Luzón said on Friday that the investigation into the Se

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