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Another Relative of King Felipe VI Investigated by the Spanish Tax Services

Another relative of King Felipe VI of Spain is being investigated by the Tax Services. Princess Inès of the Two Sicilies, a cousin through Alfonso XII of Spain, is being investigated on suspicion of money laundering. She is the youngest daughter of the late Infante Alfonso of Spain, Duke of Calabria and Infanta Alicia, born a Princess of Bourbon-Parma.

Princess Inès inherited money from her father upon his death in 1964, which she put on a bank account in Switzerland. Princess Inès says that the bank accounts in Switzerland can be easily explained, as they were opened by her father when he was forced to leave Spain and live in exile after the revolution of 1936. The money was controlled there by the manager of that particular bank, Lombard Odier Javier Martin. She also claimed her only assets were the five children she had with Don Luis de Morales y Aguado. The judge questioned her as to how much money she had inherited from her father, but she claimed to have no idea. “In the past we were taught not to be concerned with money or to ask questions about it.” Princess Inès admitted that in 2012 she applied for fiscal amnesty and that she received €5.000 to €10.000 each from her Swiss bank account.

King Felipe’s aunt Infanta Pilar has been named in the Panama Papers as the President of a company that was registered in 1974 and only closed in 2014, five days after the proclamation of her nephew. She has yet to comment on her mention in the Panama Papers. King Felipe’s sister Infanta Cristina and her husband Iñaki Urdangarin are currently being investigated for fraud. Her court case is currently ongoing and she has claimed to have no knowledge of the embezzling of the €6 million her husband is being accused of.