EXCLUSIVE: Prince Andrew (left) and his friend, the controversial property tycoon David Rowland (middle with Andrew), jointly owned a company in a secretive Caribbean tax haven that was to be used to cash in on the Duke's Royal and political connections. An extraordinary document, seen by The Mail on Sunday, reveals how the firm was registered in the British Virgin Islands with a plan to persuade Prince Andrew's wealthy 'contacts' to sink millions of pounds into an offshore investment fund - promising them tax-free income. The Duke of York also repeatedly exploited his taxpayer-funded role as Britain's trade envoy to work behind the scenes for Rowland, it has been revealed. Recently, there have been questions about the source of Andrew's wealth because his only official income amounted to a £20,000-a-year Royal Navy pension and a reported £249,000 paid privately each year by the Queen to run his official office. In recent years, Prince Andrew has lived like a billionaire, holidaying on luxury yachts (top right) and travelling the world by helicopter and private jet. In 2014, he and his ex-wife Sarah Ferguson acquired a £13 million luxury lodge in the exclusive Swiss ski resort of Verbier (bottom, second from right). The Prince also boasts a collection of expensive wristwatches including several Rolexes and Cartiers, a £150,000 Patek Philippe and a £12,000 Apple Watch (top, second from right). A small fleet of cars includes a new green Bentley (bottom right).
- Duke of York plugged private Luxembourg-based bank on official trade missions
- The Prince allowed financier David Rowland to insert meetings into trade tours
- Andrew co-owned a business with Rowlands in a secretive Caribbean tax haven
- Was to be used to lure Prince's Royal contacts to invest in tax-free offshore fund
