Paradise Papers :Royal Highness Queen Elizabeth II investments exposed

     Written by : SMTV24x7 | Mon, Nov 06, 2017, 12:47 PM

Paradise Papers :Royal Highness Queen Elizabeth II investments exposed

England Nov 6: The International Consortium of Investigative Journalists (ICIJ) released the Paradise Papers documents that reveal offshore activities of some of the world's most powerful people and companies.

The leaks have major world leaders name such as United Kingdom's Queen Elizabeth, donors of U.S. President Donald Trump, U.S. Secretary of Commerce Wilbur Ross, U.S. Secretary of State Rex Tillerson, Jordanian Queen Noor al-Hussein among others.

The data from an Appleby a law firm that advises the companies to set up offshore entities reveal that the Duchy of Lancaster, Queen Elizabeth II's personal estate, and portfolio, invested $ 7.5 million in Dover Street VI Cayman Fund LP.

The fund invested in and profited from a company that developed fingerprint technologies for mobile phones and made investments in other high-tech and pharmaceutical companies.In June 2008, the queen’s estate received about $360,000 from its investment. The Cayman fund also invested in a private equity company that controlled BrightHouse.

Currently, many people were shocked to know that British Queen has profited from the investments and they have raised the question why did the queen didn't pay taxes.They have also asked questions how come the regulatory agencies didn't detect these investments.