骋别苍别惫补,听Switzerland 鈥� Swiss prosecutors said Monday they have closed a case against former Spanish king Juan Carlos over suspicions he received $100 million in kickbacks for facilitating a high-speed rail contract in Saudi Arabia awarded to a Spanish consortium.
After three years of investigation, the Geneva top prosecutor鈥檚 office said in a statement that the money transferred into a Swiss bank account had 鈥渘ot been sufficiently documented.鈥�
But it said the probe had 聽鈥渘ot permitted to establish in a sufficient manner a link between the amount received from Saudi Arabia and the contract to build the high-speed train.鈥�
Geneva prosecutors opened their probe on August 6, 2018, into suspicions of 鈥渁ggravated money laundering鈥� against the 83-year-old former monarch following media reports about possible illegal commissions he had pocketed in connection with the high-speed train deal.
A Spanish consortium was awarded the lucrative contract in 2011 to build the high-speed rail link between Medina and Mecca.
The suspicions centered on the $100 million that Saudi Arabia鈥檚 late King Abdullah deposited in 2008 into a Swiss bank account to which Juan Carlos had access.
The Geneva prosecutors said their investigation had established that the money had indeed been deposited into an account with Geneva bank Mirabaud & Cie belonging to the Lucum foundation, for which Juan Carlos held the economic rights.
They also determined that there was evidence the聽ex-king transferred the bulk of this money in 2012 to an account in the Bahamas belonging to a company held by his former mistress, German businesswoman Corinna Zu Zein-Wittgenstein.
The prosecutors said that the complexity of the transactions, using a foundation and various companies, 鈥渟howed a will to dissimulation鈥�, but said there was not enough evidence to proceed.
The ex-king, a key figure in Spain鈥檚 transition to democracy following the death of dictator Francisco Franco in 1975, has meanwhile also been the target of several probes in Spain over his financial dealings there.
Spanish prosecutors decided earlier this month to push on with their investigation for another six months.
The probes have especially been focused on whether there were any illegal dealings after the former king abdicated in 2004 and lost his immunity.
While he has not been charged with any crime, the probes have tainted his reputation and that of the Spanish monarchy.