According to reports from Al Jazeera, Spain’s King Felipe VI is docking his father’s allowance over the Saudi fiasco.
King Felipe has moved to distance himself from his scandal-hit father by stripping the senior royal of his allowance and renouncing an inheritance from the former monarch.
The Spanish royal household made the announcement after media reports named Felipe as a beneficiary of an offshore fund set up by his father, Juan Carlos, in 2008.
King Felipe VI, nicknamed El Preparado (“the Prepared One”) ascended the throne on 19 June 2014 upon the abdication of his father, Juan Carlos I. In 2004, Felipe is married to TV news journalist Letizia Ortiz with whom he has two daughters.
In accordance with the Spanish Constitution, as monarch, he is head of state and commander in chief of the Spanish Armed Force with the military rank of Captain-General and also plays the role of the supreme representation of Spain in international relations.
The current controversy has further damaged efforts by King Felipe, 52, to re-establish the credibility of the monarchy which faced calls for its abolition towards the end of his father’s reign.