Mexican Businessman Allen Sanginés Krause Denies Tax Fraud Charges Linked to Juan Carlos I
Mexican businessman Allen Sanginés Krause appeared in front of a judge on Thursday, denying accusations related to facilitating tax fraud for an aesthetic doctor who treated emeritus King Juan Carlos I. The hearings took place in the number 29 instruction court in Barcelona and lasted just over an hour, during which legal sources revealed that Sanginés Krause was being investigated as part of a significant case involving allegations of financial misconduct.
The Spanish Prosecutor's Office accuses Sanginés Krause, along with his wife and the King's doctor, of three crimes against the public treasury. The allegations claim that the Mexican tycoon orchestrated a scheme to disguise the profits of a prestigious clinic in Barcelona, ultimately defrauding the treasury of about €600,000. This scheme allegedly involved a simulated capital increase worth €13 million, used to hide the clinic's actual income.
Sanginés Krause, who is based in London and has a background as a former executive at Goldman Sachs, contends that his investment in the clinic was legitimate and said he was inspired by the economic potential of anti-aging techniques. He firmly rejected the notion that the capital increase was a mere facade aimed at tax evasion.
His appearance in court comes amid an ongoing investigation into donations made to Juan Carlos I, which involved significant sums that were purportedly used for personal expenses. According to details of the investigation, Sanginés Krause financially supported King Juan Carlos I and his family, with gifts amounting to approximately €270,000 between 2017 and 2018.
During the court proceedings, the businessman explained why he chose not to engage directly in the clinic's management, stating he had confidence in the King’s doctor, to whom he entrusted the operation of the facility. However, the Prosecutor's Office highlighted the unusual nature of the investment, citing Sanginés Krause’s profile as a Mexican tycoon with a British passport, which raised suspicions about the legitimacy of the transactions.
Legal experts note that the case against Sanginés Krause will hinge on proving whether the capital increases were indeed simulated. The Prosecutor's Office made claims that the clinic's fiscal declarations filed by the King's doctor failed to accurately reflect the true amounts received, disguising those as capital increments, which they categorize as an illegal maneuver to mislead tax authorities.
As the investigation unfolds, the implications of this case could reverberate through the financial dealings of not just the parties involved, but also reflect the broader landscape of transparency regarding political figures and their business associates in Spain.
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