Prince Andrew: How does he plan to raise £12m?

Prince Andrew: How does he plan to raise £12m?

The Duke of York has averted the court case against Virginia Guiffre. In a settlement, he is said to pay more than £12million. But where does the money come from? The population demands transparency.

For months, Prince Andrew has been following the same line: the allegations against him are unfounded, he would fight them in court.

This week he agreed to a settlement. The surprise out-of-court settlement means Prince Andrew does not admit responsibility for the allegations. He has always denied the allegations. In his statement, he says he “never intended to defame Ms. Giuffre’s character” and that he acknowledges that she “suffered both as a proven victim of abuse and as a result of unfair public attacks,” reports the Guardian.

With this settlement, Prince Andrew will no longer have to face charges of sexually abusing and raping Virginia Roberts Giuffre on three separate occasions when he was 17 years old. However, he vowed to demonstrate “his regret for his association” with sex offender Jeffrey Epstein.

Did the Queen pay millions for Andrew?

The settlement will cost him millions of pounds. This includes not only the rumored 12 million pounds – around 14.3 million euros – that he has to pay the plaintiff. But also the legal fees, which will add up to several million pounds. But where does the money come from?

Details of the deal were not disclosed. As the “Daily Mail” reports, however, the Queen is said to have personally paid two million pounds to Virginia Roberts Giuffre’s charity. As part of Prince Andrew’s £12million settlement. No wonder, then, that the British are putting pressure on Buckingham Palace and the Queen. They demand transparency and want to know whether public money is being raised for the settlement.

Does the Queen pay?

The answer to that remains open. The most likely are proceeds from his £18million ski chalet in Verbier. The luxury property is said to have been sold since time is of the essence. The plaintiff should receive the money within 30 days, after which both parties will file an “agreed dismissal.” It is also speculated that the Queen will have to help her son out of trouble. Last year, the Queen sold her private estate in the Duchy of Lancaster, raising £23million.

The Duke of York is considered a fallen prince. His military titles were stripped from him, as were the patronage of many charities. For Prince Andrew, this is a dramatic and humiliating case. A painful and grueling episode for the monarchy.

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Source: Stern

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