The Queen’s estate, the Duchy of Lancaster, invested about £10 million in the Cayman Islands and Bermuda EPAThe Queen invested millions of pounds in offshore tax havens, according to financial documents leaked after a law firm was hacked. The former Conservative treasurer Lord Ashcroft, the owners of Arsenal and Everton, the singer Bono and Donald Trump’s commerce secretary are among those facing questions after the breach of security. The attack was described as “extremely sophisticated”, allowing hackers to move within the network of Appleby, a law firm based in Bermuda, from October 2015 to May 2016. The Duchy of Lancaster, the private estate that funds the Queen, put about £10 million into the Cayman Islands and Bermuda. Some of this money ultimately went into the doomed off-licence chain Threshers and the rent-to-buy business BrightHouse, which has been accused of exploiting the poor.

Source: The Times November 06, 2017 12:00 UTC