Hiding Britain's royal property through a shell company

Ahead of the coronation of Charles III, The Guardian newspaper revealed some of the British royal assets and how they were hidden. The Guardian reported in this report that Prince Andrew (Charles' younger brother) kept his estate through a British government-backed shell company set up to hide royal investments from public scrutiny.

Andrew is one of at least five members of the royal family who used the Bank of England Nominees, a company set up in the 1970s to keep the investments of then-British Queen Elizabeth II from being publicly disclosed. According to this article, Elizabeth, with the help of the then government, changed the laws in such a way as to allow the monarch's administration to hide the size and value of their assets through this front company.

The Guardian writes that Andrew was not the only member of the royal family who used this institution, but Elizabeth's sister Margaret, Elizabeth's husband Philip and their children, Charles and Andrew, also owned shares in the Bank of England Nominees.

These revelations are leaked while Charles is due to be crowned as the new King of Britain in 10 days. In the last days before the coronation, Charles, on the one hand, faces demonstrations by anti-monarchist and separatist groups, and on the other, according to public opinion polls, he is not very popular. Britain's republican movement, which has thousands of members and tens of thousands of supporters, has been calling for a referendum on the future of Britain's royal system for many years and stresses that this system is a reminder of the oppression against peoples that British kings carried out.