Spanish prosecutor drops probes into former King Juan Carlos

FILE PHOTO: Spain's King Juan Carlos and his son Crown Prince Felipe (R) hug each other as they attend the signature ceremony of the act of abdication at the Royal Palace in Madrid, June 18, 2014. REUTERS/Juan Medina

MADRID (Reuters) -Spain's national prosecutor's office has dropped two investigations into alleged fraud in former King Juan Carlos's business dealings after failing to find sufficient evidence of criminal activity, it said on Wednesday.

Juan Carlos, 84, who left Spain for the United Arab Emirates under a cloud of scandal in August 2020, has been the subject of multiple money-laundering investigations by Spanish and Swiss authorities for the past two years.