The examiga of Juan Carlos I, Corinna Larsen, planned in 2007 that the managers of a trust called Peregrine, from New Zealand, would deliver to the king emeritus 30% of revenue from the Saudi Hispanic Infrastructure Fund in the event that she died, as recorded in the Pandora Papers and La Sexta y The country.
According to the letter, which is unsigned, the German consulting firm expressed its wish that after his death the assets of the Peregrine Trust fund will be distributed “in equal parts” between his two children. In addition, among the beneficiaries, he then added “His Majesty King Juan Carlos I Borbón de Borbón, born on January 5, 1938, resident in the Palacio de la Zarzuela in Madrid.”
“I wish that the trustees consider distributing to His Majesty King Juan Carlos I Borbón de Borbón 30% of all income coming solely from the Saudi Hispanic Investment Fund. After the liquidation of the Saudi Hispanic Investment Fund, His Majesty King Juan Carlos I Borbón de Borbón should no longer be considered a beneficiary of the trust, “explained Corinna.
The unsigned documents were created on March 27, 2007, fourteen days before the Spanish-Saudi fund promoted by both countries was registered in Guernsey, a tax haven of the Channel Islands. For his part, Larsen’s lawyer assures that those documents are false.
Public figures and world leaders
The International Consortium of Investigative Journalists (ICIJ) has published this Sunday Pandora’s papers, a series of documents that would show how prominent public figures, leaders and former world leaders such as Vladimir Putin, Abdullah of Jordan, Andrej Babis or Guillermo Lasso have assets in tax havens.
The leaked documents could prompt cases for crimes of corruption, money laundering or tax evasionAlthough for the most part they are evidence of fully legal operations that the rich and powerful resort to to create companies to buy property.
Among the names cited is the King Abdullah of Jordan, who has acquired important properties in the United Kingdom and the United States for a value of more than 80 million euros. Since he came to the throne in 1999 he would have bought 15 houses in Malibu (California, United States) or London.
The monarch’s lawyers assure that these properties were acquired with private funds and that they are also used for projects for citizenship. Thus, they have defended the purchase of properties through shell companies for privacy and security reasons.
It also appears Kenyan President Uhuru Kenyatta, and six relatives who own a network of companies in tax havens or the Prime Minister of Pakistan, Imran Khan, whose environment owns companies worth millions of euros in tax havens.
In the case of Russian President Vladimir Putin, Pandora’s papers reveal properties in Monaco while Czech Prime Minister Andrej Babis, a billionaire, has not declared a company that owns two $ 12 million mansions in the south of France.
In Babis’s case the revelation could have immediate political consequences, since his party, Alliance of Discontented Citizens (ANO, “Yes” in Czech) is the favorite for the legislative elections of October 8 and 9.
Also the Cypriot President, Nicos Anastasiades, has front men who own companies in tax havens, like the president of Ecuador, Guillermo Lasso, which has a foundation in Panama that makes monthly payments to his family.
Another name that appears is that of the Azeri president, Ilham Aliyev, and his family, accused of plunder the wealth of their own country. According to the investigation, Aliyev’s environment has bought properties in the United Kingdom for more than 400 million pounds (about 467 million euros). One of Aliyev’s properties was sold to the British Royal Household for a profit of £ 31 million.