... was former king, Juan Carlos, whose stock dropped even lower when the Supreme Court public prosecutor announced that it will be investigating him in connection with suspected kickback payments for the contract to build the high-speed train to Mecca. Three months ago, when plenty of publicity was being given to alleged financial irregularities, Swiss bank accounts and supposed Saudi multimillion donations, King Felipe sought to distance himself from his father by renouncing any inheritance and stripping the ex-king of his annual stipend. The affair has returned to the front pages, and is now potentially more damaging for the monarchy.
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