Britain’s tax authority has asked to look at the leaked offshore investment documents dubbed ‘Paradise Papers’ to examine allegations against the queen, a spokesman for Prime Minister Theresa May said on Monday.
“It is important to point out that holding investments offshore is not an automatic sign of wrongdoing, but
Her Majesty’s Revenue and Customs has requested to see the papers urgently so it can look into any allegations,” he told reporters.
Newly leaked papers have revealed that Queen Elizabeth II invested some of her private money in offshore tax havens.
According to the documents obtained by the International Consortium of Journalists, the queen’s investment managers placed roughly 10 million pounds in offshore portfolios in the Cayman Islands and Bermuda.
The investments were made by the Duchy of Lancaster, which handles the queen’s finances. There is no suggestion the investments are illegal.
The documents about Elizabeth’s financial holdings are part of a tranche of some 13.4 million records of offshore accounts leaked to German newspaper Suddeutsche Zeitung.
The documents were shared with the International Consortium of Journalists and a network of more than 380 journalists in 67 countries.
The queen has vast financial assets, including real estate, works of art and jewelry.(Reuters/NAN)
Support PREMIUM TIMES' journalism of integrity and credibility
Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.
For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.
By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.
TEXT AD: To advertise here . Call Willie +2347088095401...
![The Oyo State Governor, Seyi Makinde, on Wednesday, met with President Muhammadu Buhari over the security challenges rocking the south-west state. [PHOTO CREDIT: Bashir Ahmad]](https://i0.wp.com/media.premiumtimesng.com/wp-content/files/2021/01/EswgfpgXEA0z5Rr.jpg?resize=120%2C86&ssl=1)
![Minister of Works and Housing Mr Babatunde Fashola SAN making a point during a Press Briefing on the Partial Closure for Repairs and Restoration of the Third Mainland Bridge in Lagos at the Ministry of Works and Housing Headquarters Mabushi Abuja on Tuesday 21st July 2020 [PHOTO CREDIT: worksandhousing]](https://i1.wp.com/media.premiumtimesng.com/wp-content/files/2020/08/1595433840.jpg?resize=120%2C86&ssl=1)
Discussion about this post