Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Prince Andrew Potentially Implicated in Court Over £15 Million Mansion Sale in Money Laundering Allegations

Prince Andrew might be involved in a new legal case concerning allegations that his £15 million mansion sale was part of a money laundering scheme. In 2007, he sold Sunninghill Park, a luxury property in Berkshire, to Kazakh businessman Timur Kulibayev, a transaction that has been surrounded by controversy.

According to a disputed report by private investigators, there are suspicions that the purchase of the Berkshire estate was for laundering money embezzled from the sale of Kazakh state-owned assets. This allegation has led to a High Court writ filed by Arvind Tiku, an associate of Mr. Kulibayev. Tiku, a billionaire, claims the report infringed upon his data protection rights and is reportedly false. This assertion is supported by his lawyers, who noted that a three-year investigation by law enforcement agencies into the sale resulted in no further action.

As Andrew, 61, braces for his civil sex assault case brought by Virginia Giuffre – allegations he denies – he may also face being summoned as a witness in this property case. The contested report by London-based S-RM Intelligence, which was hired in 2015 to investigate Indian-born Mr. Tiku, 51, suggests Tiku was involved in embezzling and laundering several hundred million dollars, including through the purchase of Sunninghill Park.

Tiku is further accused of aiding Mr. Kulibayev in laundering about £450 million in various enterprises. However, his lawyers emphasize that these allegations were investigated by Swiss and Kazakh authorities, with no charges filed. They also accuse the cybersecurity firm of unlawfully processing Tiku’s personal data, stating that he was never Mr. Kulibayev’s "trusted representative," had no role in embezzling funds or laundering money through the property purchase.

Mr. Tiku, whose net worth is estimated at £1.63 billion, is seeking £50,000 in damages. He demands the deletion of his personal data from the firm’s records and has requested all information about him by February 19. The sale of Sunninghill Park, once compared to the ostentatious mansion in the 1980s soap "Dallas," has long been a source of speculation and controversy for Prince Andrew. In 2016, leaked emails revealed Andrew’s attempt to have Mr. Kulibayev accepted as a client by the Queen’s bank, Coutts.

No comments were provided by S-RM or lawyers for Mr. Kulibayev, who has previously denied any wrongdoing and regards the report's claims as false.

Update:

Mr. Tiku’s data protection claim against S-RM has been settled. S-RM agreed to erase its report on Mr. Tiku’s affairs following the submission of information and documentation by him. S-RM's decision considered the closure of Swiss and Kazakh authorities' investigations into Mr. Tiku's business dealings in 2013, which did not result in any charges or findings of wrongdoing. Consequently, S-RM acknowledged the investigated allegations as false. The firm also agreed to delete additional reports related to Mr. Kulibayev, which referenced allegations about him.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Hungarian Officials Talk About Economic Collaboration and Sanctions Strategy
Technology Giants Activate Lobbying Campaigns Against Strict EU Regulations
Pope Francis Admitted to Hospital in Rome Amid Increasing Speculation on Succession
Zelensky Calls on World Leaders to Back Peace as Tensions Rise with Trump
UK Leader Keir Starmer Calls for US Security Guarantee in Ukraine Peace Deal
NATO Chief Urges Higher Defense Expenditure in Europe
The negotiation teams of Trump and Putin meet directly, establishing the groundwork for a significant advancement.
Rubio Touches Down in Riyadh Before Key U.S.-Russia Discussions
Students in Serbian universities Unite to Hold Coordinated Protests for Accountability.
US State Department Removes Taiwan Independence Statement from Website
Abolishing opposition won't protect Germany from Nazism—this is precisely what led Germany to become Nazi!
Transatlantic Gold Rush: Traders Shift Bullion in Response to Tariff Anxieties and Market Instability
Bill Ackman Backs Uber as the Company Shifts Towards Profitability
AI Titans Challenge Nvidia's Supremacy in Light of New Chip Innovations
US and Russian Officials to Meet in Saudi Arabia Over Ending Ukraine Conflict. Ukraine and European leaders – who profit from this war – excluded from the negotiations.
Macron Calls for Urgent Summit as Ukraine Conflict Business Model is Threatened
Trump’s Defense Secretary: Ukraine Won’t Join NATO or Regain Lost Territories
Zelensky Urges Europe to Bolster Its Military in Light of Uncertain US Backing
Chinese Zoo Confesses to Dyeing Donkeys to Look Like Zebras
Elon Musk is Sherlock Holmes - Movie Trailer Parody featuring Donald Trump's Detective
Trump's Greenland Suggestion Sparks Sovereignty Discussions Amid Historical Grievances
OpenAI Board Dismisses Elon Musk's Offer to Acquire the Company.
USAID Uncovered: American Taxpayer Funds Leveraged to Erode Democracy in Europe Until Trump Put a Stop to It.
JD Vance and Scholz Did Not Come Together at the Munich Security Conference.
EU Official Participates in Discussions in Washington Amid Trade Strains
Qatar Contemplates Reducing French Investments Due to PSG Chief Investigation
Germany's Green Agenda Encounters Ambiguity Before Elections
Trump Did Not Notify Germany's Scholz About His Ukraine Peace Proposal.
Munich Car Attack Escalates Migration Discourse Before German Elections
NATO Allies Split on Trump's Proposal for 5% Defense Spending Increase
European Parliament Advocates for Encrypted Messaging to Ensure Secure Communications
Trump's Defense Spending Goal Creates Division Among NATO Partners
French Prime Minister Bayrou Navigates a Challenging Path Amid Budget Preservation and Immigration Discourse
Steering Through the Updated Hierarchy at the European Commission
Parliamentarian Calls for Preservation of AI Liability Directive
Mark Rutte Calls on NATO Allies to Increase Defence Expenditures
Dresden Marks the 80th Anniversary of the World War II Bombing.
Global Community Pledges to Aid Syria's Political Transition
EU Allocates €200 Billion for AI Investments, Introduces €20 Billion Fund for Gigafactories
EU Recognizes Its Inability to Close the USAID Funding Shortfall Due to Stalled US Aid
Commission President von der Leyen Missing from Notre Dame Reopening Due to Last-Minute Cancellation
EU Officializes Disinformation Code for Online Platforms, Omitting X
EU Fails to Fully Implement Key Cybersecurity Directives
EU Under Fire for Simplification Discussions Regarding Corporate Sustainability Reporting
Shein Encountering Further Information Request from the EU During Ongoing Investigation
European Commission Initiates Investigation into Shein as It Aims at Chinese E-Commerce Regulations
German Officials Respond to U.S. Proposal for Peace Talks with Russia
Senate Approves Robert F. Kennedy Jr. as Secretary of Health and Human Services.
Trump and Putin Engage in Discussions on Ukraine Peace Negotiations Amid Worldwide Responses
Honda and Nissan End Merger Talks
×