Juan Carlos I he has always been a businessman. With Inaki Urdangarin they have a very close relationship. Even though he’s innocent Noos caseIn fact, even though his name doesn’t appear, the former king is aware of all the movements of this network. This week the new book by David Fernández and José María Olmo about the darkest lives of emeritus is raising a lot of dust. After exposing the existence of daughters deemed illegitimate, something he himself vehemently denies, in the second chapter they speak of fraud.

Journalists explained that Juan Carlos traveled to Ireland in July 2017. He is already an emeritus and has more free time. He lives in the house of his friend, a Mexican industrialist Allen Sangines-Krause. The castle is in Clonmellon, 75 km west of Dublin. “The king had met Sanginés-Krause when he head of US bank Goldamn Sachs in Spain, although they did not develop bonds of trust until after their abdication. Corinna had done business in the past with bankers. Juan Carlos I and Sanginés-Krause came from different fields, but the emeritus king considered that the financier could be of use to him after the abdication, ”reported journalists in excerpts accessible to Vozpopuli.

The man, originally from Mexico, studied his university career at the Mexico City Autonomous Institute of Technology. Subsequently, he entered Harvard University, where he received his doctorate in Economics. He has always been dedicated to the world of investment banking. He associates with the most important personalities in the world.

“I got a seat in the governing body for the main castles of Great Britainamong others are Tower of London And Kensington Palace; he is on the Harvard alumni council; is a founding member of European Foundation for Falconry and he spoke six languages, including Russian and German”, details journalists in a recent book about Juan Carlos. Although not one of the richest men, his nose in the banking world intrigued Juan Carlos.

20 million euros lost

By abdicating and passing his throne to Felipe, Juan Carlos wanted to establish his new residence in London and start over there. The intention was to forge a new network of contacts, and for this I need a financial manager. Sanginés-Krause took care of him. In 2014, King Juan Carlos has foundations and trustees with millions of euros in various banks and countries. The Mexican banker sure knows how to manage it.

That summer, Juan Carlos confessed to banking experts that he had just received 20 million euros and intended to invest them in a different offshore structure than the one he was already using to diversify risks and make new capital returns. The banker offers to invest the money and increase its value without anyone knowing who the real owner is.

“Sanginés-Krause’s response shocked Juan Carlos I. The Mexican investor told him the investment had been a disaster. The money was gone and there was nothing he could do to get it back. There is no way to undo the investment and pay back the funds”, detailed in the book ‘King Corp’.

Juan Carlos knows that very well 20 million euros cannot disappear completely. He had been tricked and he couldn’t believe that someone would dare to do it.