Selin ATAY-TDO- Spain's former king Juan Carlos is to leave the country and go into exile abroad following a series of damaging allegations about his financial arrangements.
In March King Felipe, Juan Carlos son, stripped Juan Carlos of his annual stipend and renounced his own personal inheritance from his father after reports that he was in line to receive millions of euros from a secret offshore fund with ties to Saudi Arabia.
In June, Spain’s supreme court opened an investigation into the former king Juan Carlos’ role in a deal in which a Spanish consortium landed a €6.7bn (£5.9bn) contract to build a high-speed rail line between the Saudi cities of Medina and Mecca.
On Monday, the royal house published a letter sent by former king to his son saying he would “move away from Spain” in the wake of the “public repercussions that certain past events in my private life are causing”.
The 82-year-old king Carlos said he had taken the decision to leave the royal palace and the country to help Felipe “exercise his responsibilities” as king.
“This is a very emotional decision, but one I take with great serenity. I have been king of Spain for almost 40 years and throughout them all I have always wanted what is best for Spain and the crown.”, Spain’s former king added.