Prosecutors in Switzerland on Monday said they had closed an investigation into claims that Spain’s former king, Juan Carlos I, received some 89 million euros in kickbacks during negotiations for a rail contract in Saudi Arabia.
The Geneva Attorney General’s office said transfers into a Swiss account had ‘not been sufficiently documented’ but that its three-year investigation had not been able ‘in a sufficient manner’ to link the amounts to the rail contract.
Juan Carlos, a key figure in Spain’s transition to democracy following the death of dictator Franco in 1975, remains the target of several probes in Spain over his financial dealings.
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