'The Prince of Wales’ private estate appears to have secretly invested in an offshore company which may have benefited from his campaigning. The Duchy of Cornwall bought shares in a Bermuda-registered business, the leaked ‘Paradise papers’ have revealed.
The Duchy of Cornwall is the name of Charles’ private estate, the revenue from which is awarded to The Prince of Wales.
With this money, the Queen’s son pays for public, charitable and private activities.
In 2007, Charles reportedly had 50 shares in a company named Sustainable Forestry Management. It was bought for around $100,000 and later sold around 2008 for $325,000.
Company board members which invested in land to protect it from deforestation were sworn to secrecy at the time.
Hugh van Cutsem, a millionaire horse breeder and Cambridge University friend of the Prince was director.
The share purchase would not give a tax advantage to the estate, but will prompt awkward questions for the Royal.'
Read more: Paradise Papers: Prince Charles gave climate speeches after offshore shares purchase
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