Documents show the duchy was introduced to the company by its director, Hugh van Cutsem, a millionaire horse breeder who owned a 1,600-hectare estate in Norfolk. Prince Charles’s private estate has invested millions of pounds in offshore funds and companies, including a Bermuda-registered business run by one of his best friends, according to documents in the Paradise Papers leak . In January 2008, months after the duchy bought the shares, the prince released a video in which he called for new ways of supporting rainforests. “It seems clear to me that Prince Charles could not have known or understood the nature of the investment in his friend’s company,” she said. The duchy’s portfolio included shares in a company called Sustainable Forestry Management, which it bought in early 2007, according to the Paradise Papers.

Source: thestar November 08, 2017 00:45 UTC