Prince Andrew’s £1.5m loan paid off by firms linked to Tory donor – report
The Guardian says Prince Andrew took out a £1.5m personal loan that was subsequently paid off by companies connected to David Rowland, a multimillionaire Conservative donor and financier, it has been claimed.
Bloomberg News reported on Tuesday that the Duke of York took out the loan with the Luxembourg-based private bank Banque Havilland in December 2017, and it was paid off 11 days later by companies associated with Rowland, the bank’s founder.
Bloomberg claimed it had seen documents confirming that the transactions had taken place, with the money being wired to Andrew’s London account via an account held by Albany Reserves Ltd, of which Rowland is a director.
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