The British Council Refugee (BCR) has received more than two million pounds (2,334,000 euros) in donation from a fund owned by the historian and former banker Joaquín Romero Maura. The money comes from the JMR 2004 Trust, an opaque financial instrument linked to Juan Carlos I and created on the island of Jersey, a tax haven in the English Channel.
The origin of this fortune closely linked to the former head of state is a mystery that has not been clarified. In his will he left the 10 million from the trust and all of his assets. This was made up of an account in Switzerland and two houses in the United Kingdom (London) and in France (Périgord) with their parking spaces, valued at another five million pounds. The Anti-Corruption Prosecutor's Office investigated this trust to determine if the money belonged to the emeritus king. The Supreme Court closed the investigation into these funds after finding no evidence linking The JRM Trust to JuanCarlos I.