TIMES.KY

Cayman Islands, Caribbeanand International News
Tuesday, Mar 28, 2023

Andrew may face court over claims 'mansion was bought to launder millions'

Andrew may face court over claims 'mansion was bought to launder millions'

PRINCE Andrew faces being dragged into another court case over allegations his mansion was bought by a billionaire to launder millions in dirty cash.

The Duke of York sold the luxury property for £15million in 2007 to Kazakh tycoon Timur Kulibayev — in a deal shrouded in controversy.

Andrew faces being dragged into another court case over allegations his mansion was bought by a billionaire to launder millions in dirty cash

The sudden sale of Sunninghill Park, dubbed Southyork in a nod to JR Ewing’s vulgar mansion in 1980s soap Dallas, has dogged Prince Andrew for years


A disputed report by private investigators has now allegedly found reasonable grounds to suspect the Berkshire estate was purchased to launder embezzled money from the sale of Kazakh state-owned assets.
But an associate of Mr Kulibayev, billionaire Arvind Tiku, has filed a High Court writ, claiming the report breached his data protection rights.

His lawyers say the report is false, as law enforcement agencies conducted a three-year probe into the sale of Sunninghill Park, with no further action taken.

It comes as Andrew, 61, prepares to defend himself in the looming civil sex assault case brought by Virginia Giuffre.

He denies all allegations.

Yesterday legal sources said it was possible Andrew could be called as a witness in the property case.

The writ says London investigators S-RM Intelligence were hired in 2015 to look into Indian-born Mr Tiku, 51.

Its contested report said he had been “engaged in transactions to embezzle several hundred million dollars from the sale of Kazakh state-owned assets”.

That was then laundered “through Europe-based bank accounts and property purchases, including Sunninghill Park”.

Mr Tiku is also accused of helping Mr Kulibayev launder around £450million in other enterprises.

Mr Tiku’s lawyers say the allegations had all been investigated by Swiss and Kazakh law enforcement, and no charges were brought.

They also accuse the cyber security firm of wrongfully processing his personal data.

His lawyers say he was never a “trusted representative" of Mr ­Kulibayev, has never held assets for him, did not embezzle funds and did not launder cash by helping buy Sunninghill Park.

Mr Tiku claims the report has damaged his personal dignity, autonomy and integrity, and made him anxious and distressed.

Mr Tiku, reported to have a net worth of £1.63billion, is demanding damages of £50,000.

He also wants the personal data about him erased, and is calling for the security firm to respond fully to his request for all information about him by February 19.

The sudden sale of Sunninghill Park, dubbed Southyork in a nod to JR Ewing’s vulgar mansion in 1980s soap Dallas, has dogged Prince Andrew for years.

At the time, Buckingham Palace denied he had played any part in the sale.

But leaked emails in 2016 show that he tried to persuade the Queen’s bank Coutts to take on Mr Kulibayev as a client.

S-RM declined to comment.

Lawyers for Mr Kulibayev did not respond to requests for comment. He has previously denied any wrongdoing and it is understood that he insists the claims in the report are 'false'.

The Duke of York sold the luxury property for £15million in 2007 to Kazakh tycoon Timur Kulibayev — in a deal shrouded in controversy

An associate of Mr Kulibayev, billionaire Arvind Tiku, pictured, has filed a High Court writ, claiming the report breached his data protection rights


Newsletter

Related Articles

TIMES.KY
Close
0:00
0:00
AOC explains why she opposes banning TikTok
UK: Humza Yousaf replaces Nicola Sturgeon as SNP leader and first minister in Scotland
In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant
Gordon Moore, a co-founder of Intel Corporation, died at 94
Powell: Silicon Valley Bank was an 'outlier'
Donald Trump arrested – Twitter goes wild with doctored pictures
NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.
Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.
Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges
Paris Rioting vs Macron anti democratic law
'Sexual Fantasy' Assignment At US School Outrages Parents
Credit Suisse to borrow $54 billion from Swiss central bank
Russian Hackers Preparing New Cyber Assault Against Ukraine
Jeremy Hunt insists his Budget will get young parents and over-50s back into work
If this was in Tehran, Moscow or Hong Kong
TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."
Mexican President Claims Mexico is Safer than the U.S.
A brief banking situation report
Lady bites police officer and gets instantly reaction
We are witnessing widespread bank fails and the president just gave a 5 min speech then walked off camera.
Donald Trump's asked by Tucker Carlson question on if the U.S. should support regime change in Russia?.
Silicon Valley Bank exec was Lehman Brothers CFO
In a potential last-ditch effort, HSBC is considering a rescue deal to save Silicon Valley Bank UK from insolvency
BBC Director General, Tim Davie, has apologized, but not resigned, yet, following the disruption of sports programmes over the weekend
Elon Musk Is Planning To Build A Town In Texas For His Employees
The Silicon Valley Bank’s collapse effect is spreading around the world, affecting startup companies across the globe
City officials in Berlin announced on Thursday that all swimmers at public pools will soon be allowed to swim topless
Fitness scam
Market Chaos as USDC Loses Peg to USD after $3.3 Billion Reserves Held by Silicon Valley Bank Closed.
Senator Tom Cotton: If the Mexican Government Won’t Stop Cartels from Killing Americans, Then U.S. Government Should
Banking regulators close SVB, the largest bank failure since the financial crisis
The unelected UK Prime Minister Rishi Sunak, an immigrant himself, defends new controversial crackdown on illegal migration
Man’s penis amputated by mistake after he’s wrongly diagnosed with a tumour
In a major snub to Downing Street's Silicon Valley dreams, UK chip giant Arm has dealt a serious blow to the government's economic strategy by opting for a US listing
It's the question on everyone's lips: could a four-day workweek be the future of employment?
Is Gold the Ultimate Safe Haven Asset in Times of Uncertainty?
Spain officials quit over trains that were too wide for tunnels...
Don Lemon, a CNN anchor, has provided a list of five areas that he believes the black community needs to address.
Hello. Here is our news digest from London.
Corruption and Influence Buying Uncovered in International Mainstream Media: Investigation Reveals Growing Disinformation Mercenaries
Givenchy Store in New York Robbed of $50,000 in Merchandise
European MP Clare Daly condemns US attack on Nord Stream
Former U.S. President Carter will spend his remaining time at home and receive hospice care instead of medication
Tucker Carlson called Trump a 'demonic force'
US Joins 15 NATO Nations in Largest Space Data Collection Initiative in History
White House: No ETs over the United States
U.S. Jet Shoots Down Flying Object Over Canada
Being a Tiktoker might be expensive…
SpaceX, the private space exploration company, made a significant breakthrough in their mission to reach space.
China's top tech firms, including Alibaba, Tencent, Baidu, NetEase, and JD.com, are developing their own versions of Open AI's AI-powered chatbot, ChatGPT
×