Transparency Oversight Authority in United kingdom Urging government officials to reveal secret mechanisms that allowed part of the company’s wealth to be hidden. Queen Elizabeth IIAnd the He died in September. The request for information has been sent to ministers in the Department of Business, Energy and Industrial Strategy, who risk appearing in court if they do not comply with the request.
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The suspicion is that the ministry that manages the government’s finances has violated the rules of the Freedom of Information Act by keeping secret documents about part of the king’s assets. If they do not file the required files by October 31, administration officials could be charged with contempt.
Last year, an investigation by a British newspaper Watchman She revealed that the royal family used a secret mechanism, known as the Queen’s consent, to secure changes in legislation. Under this mechanism, the shares of commercial companies owned by the Queen were hidden from the public.
In 1973, the Queen sent her own lawyer to pressure the government to change a proposed law that would allow the public to determine who owns stock in certain companies. Elizabeth’s representative said it would be “embarrassing” to reveal her investments.
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The size of his personal fortune, including his investments, was not disclosed. However, experts expected the value to reach hundreds of millions of pounds.
In the 1970s, after pressure from members of the royal family, the government set up a state-backed shell company, Bank of England candidates, who appears to have kept the queen’s private holdings and investments a secret for more than three decades.
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upload Watchman It indicates that other figures in the monarchy were able to use the same company to hide their assets. The identities of the other royal family members, along with the values of these properties, are also unknown.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.