MADRID — King Felipe VI of Spain said on Sunday that he was renouncing his personal inheritance from his father, Juan Carlos, who has been implicated in a Swiss offshore account investigation.

King Felipe is also stripping his father of his stipend, in an apparent bid to sever any financial linkage between the Spanish royal household and the former monarch.

The announcement came as King Felipe has himself risked getting entangled in the financial scandals centering on his father.

Felipe took over as king in 2014, when his father abdicated amid personal scandals and health problems. Upon ascending the throne, he pledged in a speech to “preserve the prestige” of the Spanish monarchy and maintain integrity, honesty and transparency.