Prince Andrew’s personal piggy bank pays off £1.5m loan

The Duke of York has helped top political donor David Rowland and Banque Havilland pitch clients for years

16 November 2021 - 18:27 By Harry Wilson and Gavin Finch

One of the British Conservative Party’s biggest donors transferred £1.5m (R30.7m) to Prince Andrew days after the prince borrowed a similar amount from a Luxembourg private bank controlled by the businessman’s family.

David Rowland wired the money to a London account at Banque Havilland held by Queen Elizabeth II’s second son in December 2017, according to interviews with two people familiar with the transactions and bank documents seen by Bloomberg News. The transfer was earmarked for repayment of a £1.5m loan from Banque Havilland the prince had taken out just 11 days earlier...

This article is reserved for Sunday Times subscribers.

A subscription gives you full digital access to all Sunday Times content.

Already subscribed? Simply sign in below.

Registered on the BusinessLIVE, Business Day or Financial Mail websites? Sign in with the same details.



Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.