New Delhi, Aug. 8 -- Spain has initiated the process to replace its ambassador to India, Juan Antonio March Pujol, following allegations that he accepted financial favours from an Indian company and used public funds to promote cultural events, according to reports.

The Spanish Foreign Ministry reportedly referred a report concerning the diplomat to the country's Anti-Corruption Prosecutor's Office in late May, Spanish digital publication The Objective reported, according to The Economic Times.

According to The Objective, March allegedly used funds from the Spanish Embassy in India to promote cultural events featuring international singers who had no direct connection with Spain.

The report further alleged that the ambassador sought fi...