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Spain's former king to remain in UAE after prosecutors drop fraud probes

Spain Juan Carlos Royal Palace United Arab Emirates Madrid

FILE PHOTO: Spain's King Juan Carlos and his son Crown Prince Felipe (R) hug each other as they attend the signature ceremony of the act of abdication at the Royal Palace in Madrid, June 18, 2014. REUTERS/Juan Medina

Spain's former King Juan Carlos will remain for now in the United Arab Emirates but will visit Spain frequently, the Royal Palace of Madrid said on Monday a week after the country's prosecutor office dropped two investigations into alleged fraud in his business dealings.

Juan Carlos, 84, who left Spain for the United Arab Emirates under a cloud of scandal in August 2020, has been the subject of multiple money-laundering investigations by Spanish and Swiss authorities for the past two years.

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