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Old 17-11-21, 08:18   #39
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Movies re: EPSTEIN: Maxwell TRIAL-Pilot Flew Prince Andrew /TRUMP/ Bill Clinton & Kevin Spacey

Prince Andrew Royal Sleaze Fears as Tax Haven Banker Pays Dukes' £1.5Million Loan

As it's revealed a Tory donor paid off Prince Andrew’s £1.5million loan from a bank owner by the donor's family, there are calls for a probe into the royal’s relationship with the tycoon

Daily Mirror 17 NOV 2021.





David Rowland and Prince Andrew in 2006 ( Imageavid Hartley/REX/Shutterstock)




David Rowland, Prince Andrew and Queen Elizabeth II before the start of the Gold Cup race on Ladies Day at Royal Ascot in 2006





A major Tory donor transferred £1.5million to Prince Andrew to pay off a loan from an offshore bank owned by the donor’s family, it was revealed today.

There were demands for an investigation into the Duke of York’s relationship with property tycoon David Rowland and Banque Havilland.

The bank made the unusual £1.5m loan to Andrew in 2017 partly because it opened up “further business potential with the Royal Family”, insiders told financial news service Bloomberg.

But 11 days later Mr Rowland wired the same amount to the Duke’s account with the bank. Graham Smith of anti-monarchy group Republic said: “Andrew received money with the clear expectation he’d lobby on their behalf while representing Britain. It must be investigated.”

Mr Rowland has given £6,104,034 to the Tory Party and has been friends with Andrew since at least 2005.

The prince was at the opening of Banque Havilland in tax haven Luxembourg in 2009, the opening of a Monaco branch in 2012 and the launch its joint venture with the Abu Dhabi sovereign wealth fund Mubadala in 2018.

In 2010 Mr Rowland was Andrew’s guest at Balmoral where he reportedly met the Queen and Prince Charles.

Months later he paid £40,000 to help clear the debts of Andrew’s ex, Sarah Ferguson. The Rowlands joined Andrew on a trade envoy trip to China that year, attending some meetings.

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As the Duke faced losing his envoy role in 2011 over his friendship with Jeffrey Epstein, Mr Rowland’s son Jonathan suggested their activities could continue “under the radar”. Andrew replied: “I like your thinking.”

Andrew had a 40% stake in Inverness Asset Management owned by Rowland family business Blackfish Capital Management.

He had a £1.25m loan facility from Havilland between 2015 and 2017. A new £1.5m loan was approved in 2017 despite an internal record showing it was “not in line with the risk appetite of the bank”.

It has been two years since Andrew's Newsnight interview

Ex-staff said such “unsecured” loans were rarely made to individuals. It was repaid early after a transfer from an account in the name of Albany Reserves which was controlled, sources said, by the Rowland family.

Former minister Norman Baker said: “Parliament should investigate.”

A spokesman for Andrew said: “The Duke is entitled to a degree of privacy in conducting his entirely legitimate personal financial affairs, on which all appropriate accounting measures are undertaken and all taxes duly paid.”

Banque Havilland said: “Compliance with legal and regulatory requirements are the foremost priority of the bank. Any inference of wrongdoing is categorically denied.” David Rowland was not available for comment.
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