It has been alleged that the Duke of York exploited his position as the UK’s trade envoy during his time in office.
According to the Mail on Sunday, Prince Andrew is alleged to have promoted a Luxembourg-based bank owned by his multi-millionaire friend David Rowland & his family
During his time as trade envoy, the Prince is said to have allowed the Rowland family to book meetings into his official tours for the purpose of promoting their bank and attracting clients.
The Duke has also been accused of sharing private government documents with the Rowlands.
Chris Bryant, who was a Foreign Office Minister at the time Andrew was trade envoy, has called for an inquiry to be held into the allegations.
He said: “I don’t think he [Andrew] has ever been able to draw a distinction between his own personal interest and the national interest.
“It’s morally offensive. Either the Foreign Affairs Committee or the Public Accounts Committee should launch an inquiry into this.”
A Buckingham Palace spokesperson said: “The Duke was the UK’s Special Representative for International Trade and Investment between 2001 and July 2011 and in that time the aim, and that of his office, was to promote Britain and British interests overseas, not the interests of individuals.”
The Mail reports that Prince Andrew did not respond for comment, and the Rowland family declined to comment for legal reasons.
The full allegations levelled against the Duke of York can be viewed on the Mail on Sunday’s website.