The Royal Scam revealed: Britain's First Lady pressured UK govt for clause in law to conceal private wealth
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London, Feb 9: UK and Commonwealth Head of State, Queen Elizabeth II, lobbied the UK govt to put through an exemption for the Buckingham Palace in transparency in laws in 1970's. The information was based on the documentation archived in the UK's National Archives. The Queen is believed to have deployed her high-powered attorney at the time, Matthew Farrer, to pressure govt officials and lawmakers involved in drafting a bill to tackle opaque, backroom dealings in the country's financial institutions.
The documentations recovered from UK's National Archives reveal that Farrer insisted on a clause to be added in order to maintain the secrecy to the queen's estate and her stakes in companies. According to the series of letters that were published in media, the govt officials were subjected to a pressure campaign and reluctantly included an exemption for the Crown, effectively agreeing to create a shell company whose owner would remain anonymous and exact dealings undisclosed. The senior employees of the Bank of England ran the shell company.
The bank kept its reins on the company until 2011 when the entire operation was shut down. The story of the shares within it is yet unknown since no public accounts were ever filed. A Buckingham Palace Spokesperson said that the Queen's consent was a 'parliamentary process, with the role of sovereign purely formal." The spokesman added, "Consent is always granted by the monarch whenever requested by the govt. Any assertion that the sovereign has blocked legislation is simply incorrect."
The Buckingham Palace was long suspected in the backroom manipulations to conceal the scale of Windsor's estate. Scandolous books and journalistic investigations over the decades have sparked fierce debates over the official dispensation of the queen's private wealth in parliament and government. The UK's status regarding financial transparency rules is highly questionable, which makes the country a prime destination for ill-begotten wealth from around the world. The banking and investment atmosphere around the country is bloated due to immense foreign funds of questionable origin continuously flowing into the real estate and other sectors.