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Brussels looks into potential misuse of EU funds in Spanish Koldo corruption case

Brussels looks into potential misuse of EU funds in Spanish Koldo corruption case
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Spain loses immunity bid in $129 million renewable energy incentives lawsuit

LONDON (Reuters) - Spain has lost a bid to claim immunity in a London court in a 120 million-euro ($129 million) case over cuts to renewable energy incentives. | 04:28am

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Spanish Royal Family: Spain's former king Juan Carlos I makes second payment in a bid to regularize his tax affairs | News

Spainâs emeritus king Juan Carlos I has made a second payment to the countryâs Tax Agency in a bid to regularize his fiscal situation after he received undeclared income over a number of years. The former monarch, who abdicated from the throne in 2014 and has been mired by accusations of wrongdoing regarding his finances in recent years, has handed over more than â¬4 million to the tax authorities to cover up to â¬8 million he received in payments in kind, sources with knowledge of the situation have told EL PAÃS.
Amid the investigations into his financial affairs last year, Juan Carlos I â who is the father of the current king, Felipe VI â opted to leave Spain and has been living in the United Arab Emirates since the summer. In December 2020, he made a first payment to the Tax Agency of â¬678,393 to pay off a debt that corresponded to the tax years of 2016 to 2018 â after he abdicated the throne, he lost the full immunity from prosecution that he had enjoyed up until that point. When he made this payment, he was admitting that he had committed fraud, but by regularizing the outstanding amount before being informed of the opening of an official probe he avoided facing the courts for the offenses.

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