Sources within Buckingham Palace have been forced to deny claims made against Prince Andrew that says he acted as a “fixer” in a Kazakhstan business deal which he allegedly made nearly £4m in ‘commission’.
The allegations surfaced in the Daily Mail, a story which Buckingham Palace lawyers are believed to be looking into.
According to the British tabloid, the Duke of York helped a Greek and Swiss business consortium in its efforts to secure a £385m contract in Kazakhstan, which would build water and sewage networks in to build water and sewerage networks in the country.
A Buckingham Palace spokesperson said: “Claims that the Duke of York acted as a so-called fixer for an international consortium and stood to benefit from a potential contract in Kazakhstan are untrue, defamatory and a breach of the editor’s code of conduct.”
The British tabloid says that in April 2011, The Queen’s son was asked to help Greek water firm EYDAP and Andrea Bubb, a financier from Aras Capital, successfully win the contract on offer to build water and sewage networks in Almaty and Astana, the Kazakhstani capital city.
The Duke’s allegedly assisted with this plan when he was still an UK trade envoy. He later had to leave this role because of his controversial friendship with Jeffrey Epstein, who had previously been convicted of soliciting a minor for prostitution.
According to the Daily Mail, the deal fell apart after 14 striking oil workers were shot dead by police. This led to EYDAP pulling due to the political turmoil.
If the deal did go ahead, it was alleged that Prince Andrew would have received a commission fee of one percent.
This is not the first time Prince Andrew has been caught up in controversy and allegations. Back in January 2015, Buckingham Palace were forced to deny claims of sexual impropriety after US court documents named him in relation to a case.
More recently the sixth-in-line to the throne rammed some gates with his car after they failed to open.