King aunt Spain offshore

- An aunt of the Spanish King Felipe VI, Pilar de Borbon, has long had one in Panama, established offshore firm, but perfectly legal and not out of sight of the Spanish tax authorities. This let the 79-year-old De Borbón Spanish media Wednesday. She was named early this week as one of the ringleaders who channeled according to the so-called Panama Papers money to tax havens.

The Borbón stated that the offshore company was founded in 1969 by Aleko Pakamarkou, a businessman and close friend of her husband, Luis Gómez-Acebo. Her husband was threatened in 1974 when the Basque terrorist group ETA could have conceived the plan to him and his father, Juan de Borbon, to abduct.