Newspaper reports maintained Carlos, 82, obtained millions of euros from Saudi Arabia’s late King Abdullah, a few of which he allegedly transferred into a bank account under his former mistress’s title.
“Guided by the certainty of wanting the very best for the Spanish, their associations as well as also you as King, I’m advising you of my believed decision to proceed, currently, out of Spain,” he explained in a letter submitted to the royal family’s site.
He explained he wanted to make sure that he will not create his son’s function hard, adding that”my heritage, and my very own dignity, need that it ought to be so.”
It’s uncertain when he’ll leave Spain or at which he’ll go.
His attorney, Javier Sanchez-Junco, said in a declaration that Juan Carlos could stay accessible to prosecutors and his exile wasn’t a means for him to escape justice.
His son King Felipe VI succeeded him has been under pressure to cover the corruption allegations.
Spain’s prime minister, Pedro Sanchez, later said he discovered developments linked to the scandals”bothering”.
Felipe has renounced his private inheritance from his dad and canceled Juan Carlos’s yearly stipend after press reports claimed he had been a beneficiary into an overseas account carrying an alleged 65 million from Saudi Arabia into Juan Carlos.
Felipe has denied having any knowledge of his dad’s alleged financial irregularities.
An overview of the royal family site stated that”His Majesty the King has sent to H.M. that King Don Juan Carlos his heartfelt admiration and gratitude for his choice.”
“The King wants to emphasize the historic significance his dad’s reign signifies, as a heritage and political and political work of support to Spain and democracy,” the announcement continued.
The former King was credited with helping restore democracy following the death of Francisco Franco in 1975.