Calls have been made for police to urgently investigate an offshore company linked to Prince Andrew, who jointly owned Inverness Asset Management (IAM) with his friend David Rowland. The firm was registered in the British Virgin Islands, a tax haven, in 2007 and is now listed as dissolved at Companies House.
Allegations suggest IAM was used to attract contacts of the former prince to invest in a tax-free offshore fund called Blackfish Money Plus+ Fund. A leaked document reportedly states that introductions would come from IAM's contacts, including royal families, high-net-worth individuals, heads of state, and government institutions.
Questions have been raised over whether the company was set up to help Prince Andrew profit from his role as UK trade envoy, which he held from 2001 to 2011. Conservative MP Mike Wood told The Times: 'These allegations are deeply concerning and the police must urgently investigate the matter to establish the full facts.'
Leaked papers reportedly show Prince Andrew held a 40% stake in IAM, while the Rowlands held 60% via their company Blackfish Capital Management. Royal author Andrew Lownie told the Mail on Sunday that police must examine IAM, adding: 'It raises a host of deeply worrying questions about whether these were used by Andrew to make money from his time as trade envoy.'
Prince Andrew served as the UK's special representative for international trade and investment until 2011, stepping down amid controversy over his friendship with convicted paedophile Jeffrey Epstein. He was arrested in February on suspicion of misconduct in public office but has denied any wrongdoing and was released under investigation.
