The former king of Spain wants to settle with the IRS in a case about credit cards of a Mexican businessman and friend, writes El País based on sources.

With the credit cards of his friend Allen Sanginés-Krause, Juan Carlos and family members would have paid more than 120,000 euros. From that amount, it is considered a tax offence, with a maximum of five years in prison.

It would have happened between 2016 and 2018. According to El País, King Felipe and Queen Letizia did not use the credit cards.

By paying taxes through the settlement, Juan Carlos would like to appease other investigations into money laundering. These include a ‘gift’ of tens of millions of euros through Saudi Arabia’s royal house and an alleged offshore fund in Jersey. This Island is a tax haven between England and France.