The queen Elizabeth II allegedly pressured the British government to amend a 1973 draft law. Target: hide part of his immense private fortune, a theme that at Buckingham Palace is considered “embarrassing»Towards the subjects. This was revealed by a survey just published by the newspaper The Guardian. Journalists David Pegg and Rob Evans reportedly discovered documents in the National Archives that reveal how Matthew Farrer, the Queen’s private lawyer, allegedly exercised pressure on ministers per change a bill on the transparency of shareholdings.
Following that intervention, the government inserted a clause that exempted companies used by “heads of state” from the new transparency measures. The deal continues The Guardian, was used to create a shell company that has hidden assets and private investments of the queen at least until 2011.
The true extent of the wealth of Elizabeth II, in fact, has never been made known, although it is estimated in the order of hundreds of millions of pounds. The Guardian discovered the 1970s deal as part of an investigation into the British royal family’s use of a parliamentary procedure known as “Queen’s consent”: Parliament asks the sovereign for her consent for the discussion of bills concerning the “interests of the Crown”. According to the website of the Royal House, it is a «a long-established conventionAnd legal scholars have often defined it as the classic example, not exactly transparent but nevertheless harmless, of the pomp that surrounds the monarchy. However, according to investigations conducted by Guardian, thanks to the consent procedure, the queen was able to press secretly to obtain legislative changes.
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