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They are searching for the hidden wealth of Queen Elizabeth

They are searching for the hidden wealth of Queen Elizabeth

Britain’s transparency watchdog, the Information Commissioner, has threatened legal action against the Department for Business, Energy and Industrial Strategy (BEIS), delaying the application for two years. euronews.

The ministry has until the end of October to respond to the freedom of information request, otherwise legal measures may be taken against him. The documents may explain how the late king was able to hide the shares of the commercial companies he owned and their value from the public.

The second died in September. The size of Elizabeth’s personal wealth, including her investments, has never been made public. The Sunday Times estimated it at £370 million, while Forbes magazine estimated it at $500 million. It is difficult to determine its exact scope, on the one hand, because there is no publicly available database about the property, and on the other hand, because it is not official II. Elizabeth, but the royal family.

As The Guardian revealed last year, the Queen successfully lobbied the government in the 1970s to change a draft law preventing the advertising of her shares. As a result of its pressure, the government set up a state-backed front company, Bank of England Nominees, which appears to have kept its private equity and investments secret for more than three decades.

Documents obtained by the newspaper reveal that other members of the royal family may have used the same company to hide their investments in companies. The identities of the other Windsor families, as well as the size of their estates, are also unknown. The directors of the shell company were required to submit annual reports to the government listing the identity of those managing their securities.

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