It's insane that modern society prefers to have living inherited hood ornaments.
Constitutional monarchy can be a peaceful way to democracy, but there is no reason to make it permanent. If Iran becomes true democracy, maybe they keep Ayatollah as tourist attraction? North Korea could keep Kim-family as well. 200-yers form now Kim-family wold be insignificant royals sitting next to British royals.
It seems an argument can be made for having the former be inherited, so as to avoid the inevitable politicization of the position that happens in countries where a separate head of state is also elected. It's not fair to either the commoners who can ~never be elevated to that position nor to the royals who can ~never leave it, but perhaps better for the country as a whole.
I don't think that's even a thing.
Won't bore you with the details but it was all swept under the rug by the (socialist!) government to save the country. In fact it only came to light because the US Congress investigated that company at the time.
I am sure there are things going on all the time that never reach the papers. Even in "civilised" countries.