Paradise Papers: Prince Charles’s estate held £3m offshore

MP demands transparency after revelations about Royal’s investment in Caymans and Bermuda

Prince Charles
(Image credit: Chris Jackson/WPA Pool/Getty Images)

Prince Charles’s private estate made offshore investments totalling $3.9m (£3m) in four funds in the Cayman Islands in 2007, according to information in the leaked Paradise Papers documents.

The Duchy of Cornwall also “secretly” bought shares worth $113,500 in Bermuda company Sustainable Forestry Management Ltd (SFM) while the Prince was lobbying on climate change policy, according to a report by the BBC’s Panorama programme.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up