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Swiss Justice Closes Investigation into Juan Carlos

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Swiss prosecutors have closed an investigation into a possible bribe affair involving Spain’s King Juan Carlos. It failed to establish a link between a $100 million payment and the award of a contract to build a high-speed rail line in Saudi Arabia.


In 2011, a Spanish consortium was awarded the lucrative deal to build a train connection between Medina and Mecca. The Swiss opened an investigation seven years later after media reported that Juan Carlos may have illegally pocketed commission.

The then Saudi King Abdullah had deposited the $100 million in a Swiss account. It was in the name of a Panamanian organization to which Juan Carlos was associated. He also had access to the bank account at Mirabaud bank.

Swiss justice concluded that the former king transferred most of the money in 2012 to an account in the Bahamas. It was in the name of a company owned by his former mistress, businesswoman Corinna Zu Zein-Wittgenstein. Prosecutors found the shuffling of money suspicious and concluded that there was insufficient evidence to prosecute.

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