Spanish king Felipe VI has relinquished the legacy of his father Juan Carlos I, the former king of Spain, and withdraws his father’s allocation from the royal family’s payroll. In addition, Felipe VI is also giving up any asset, investment, and financial structure that may have illegal origins, or a purpose without “integrity.”

Felipe VI made the measures public in a statement after British newspaper ‘The Telegraph’ revealed Juan Carlos was the beneficiary of an offshore account where a €100 million gift from Saudi Arabia was deposited while he ruled Spain. The king said that this decision aims to “preserve the exemplarity of the Crown.”

The newspaper also said that a Swiss prosecutor would be investigating possible irregularities in another foundation called Zagatka, with a commission coming from the sale of Barclays bank.

In the statement, Felipe VI claims he was “completely unaware” of being a beneficiary of the Zagatka Foundation, as the newspaper notes.

Corinna zu Sayn-Wittgenstein to sue former king

Meanwhile, it was also reported that lawyers in the United Kingdom representing the former king’s alleged ex-lover, Corinna zu Sayn-Wittgenstein, are preparing to launch a suit against Juan Carlos, accusing him of making threats against her.

The reports also say that the German-born aristocrat’s suit accuses the former head of Spanish intelligence, Félix Sanz Roldán, of organizing an intimidation campaign against her from 2012, when he learned of her relationship with the former king.

According to a British newspaper last week, she and her son say they were subject to death threats from the intelligence service, who demanded that she keep quiet about Spanish state secrets supposedly in her possession.

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