Saudi Press

Saudi Arabia and the world
Saturday, Feb 22, 2025

Prince Andrew Potentially Implicated in Court Over £15 Million Mansion Sale in Money Laundering Allegations

Prince Andrew might be involved in a new legal case concerning allegations that his £15 million mansion sale was part of a money laundering scheme. In 2007, he sold Sunninghill Park, a luxury property in Berkshire, to Kazakh businessman Timur Kulibayev, a transaction that has been surrounded by controversy.

According to a disputed report by private investigators, there are suspicions that the purchase of the Berkshire estate was for laundering money embezzled from the sale of Kazakh state-owned assets. This allegation has led to a High Court writ filed by Arvind Tiku, an associate of Mr. Kulibayev. Tiku, a billionaire, claims the report infringed upon his data protection rights and is reportedly false. This assertion is supported by his lawyers, who noted that a three-year investigation by law enforcement agencies into the sale resulted in no further action.

As Andrew, 61, braces for his civil sex assault case brought by Virginia Giuffre – allegations he denies – he may also face being summoned as a witness in this property case. The contested report by London-based S-RM Intelligence, which was hired in 2015 to investigate Indian-born Mr. Tiku, 51, suggests Tiku was involved in embezzling and laundering several hundred million dollars, including through the purchase of Sunninghill Park.

Tiku is further accused of aiding Mr. Kulibayev in laundering about £450 million in various enterprises. However, his lawyers emphasize that these allegations were investigated by Swiss and Kazakh authorities, with no charges filed. They also accuse the cybersecurity firm of unlawfully processing Tiku’s personal data, stating that he was never Mr. Kulibayev’s "trusted representative," had no role in embezzling funds or laundering money through the property purchase.

Mr. Tiku, whose net worth is estimated at £1.63 billion, is seeking £50,000 in damages. He demands the deletion of his personal data from the firm’s records and has requested all information about him by February 19. The sale of Sunninghill Park, once compared to the ostentatious mansion in the 1980s soap "Dallas," has long been a source of speculation and controversy for Prince Andrew. In 2016, leaked emails revealed Andrew’s attempt to have Mr. Kulibayev accepted as a client by the Queen’s bank, Coutts.

No comments were provided by S-RM or lawyers for Mr. Kulibayev, who has previously denied any wrongdoing and regards the report's claims as false.

Update:

Mr. Tiku’s data protection claim against S-RM has been settled. S-RM agreed to erase its report on Mr. Tiku’s affairs following the submission of information and documentation by him. S-RM's decision considered the closure of Swiss and Kazakh authorities' investigations into Mr. Tiku's business dealings in 2013, which did not result in any charges or findings of wrongdoing. Consequently, S-RM acknowledged the investigated allegations as false. The firm also agreed to delete additional reports related to Mr. Kulibayev, which referenced allegations about him.

Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Saudi Arabia and the United States Strengthen Ties Amid Global Developments
Saudi Arabia Hosts Global Conference to Promote Islamic Unity
The Impact of Artificial Intelligence on Education and Child Development
Saudi Arabia Announces Competition for Best Founding Day Outfits
Saudi-EU Food Security Officials Hold Talks to Strengthen Collaboration
Putin Expresses Gratitude to Saudi Crown Prince for Hosting US-Russia Talks
UK and Saudi Arabia Enhance Collaboration in Innovation and Technology
Denmark's Embassy in Riyadh Showcases Danish Cuisine with Saudi Influence
Saudi Artist Salman Al-Amir Unveils 'Tafawut' Exhibition in Riyadh
Saudi Arabia Offers Condolences to Kuwait Following Military Exercise Fatalities
Saudi Ministry of Islamic Affairs Completes Ramadan Preparations in Madinah
Etidal Secretary-General Hosts UN Counter-Terrorism Director in Riyadh
ADNOC Drilling Targets Over $1 Billion in Investments for 2025 Amid Gulf Expansion Plans
Derayah Financial Achieves Remarkable Growth in Saudi Brokerage and Asset Management
Saudi Arabia Shortlists 30 Firms for Mining Licenses in Eastern Province and Tabuk
Saudi Foreign Minister Engages Counterparts at G20 Meeting in Johannesburg
Oil Prices Decline Amid Rising US Inventories
Saudi Arabia's NDMC Plans Green Bond Issuance by 2025
Moody’s Affirms Egypt’s Caa1 Rating Amid Positive Economic Outlook
Oman and Saudi Arabia Strengthen Economic Ties with New Agreements
Saudi Arabia Investments Propel Expansion of Qurayyah Power Plant
Saudi Capital Market Authority Advances SPACs and Direct Listings
Global Energy Leaders Gather in Riyadh for Symposium on Energy Outlooks
Al-Ahsa Region Sees 500% Growth in Tourism as Saudi Arabia Prioritizes Development
Saudi Arabia Advances Entrepreneurial Ecosystem in Al-Ahsa with New Agreement
King Salman Approves Official Saudi Riyal Symbol
Saudi Credit Card Lending Reaches $8.4 Billion Amid Digital Payment Expansion
King Salman Approves Official Symbol for Saudi Riyal
Putin Thanks Saudi Crown Prince for Facilitating U.S.-Russia Discussions
Saudi Foreign Minister Attends G20 Meeting in Johannesburg
Saudi Arabia Prepares for Nationwide Founding Day Celebrations
Inauguration of Hira Park and Walkway Enhances Jeddah's Urban Landscape
Crown Prince Hosts Leaders for Informal Meeting in Riyadh Amid Gaza Rebuilding Plans
Saudi Official Highlights Achievements and Media's Role in National Transformation
Three Expatriate Women Arrested for Prostitution in Riyadh
Saudi Arabia's Diplomatic Evolution Highlighted at Saudi Media Forum
Healthy Eating and Preparation Essential for Ramadan Fasting
Saudi Arabia and Japan Forge Sustainable Textile Partnership
Advanced Limb Surgery Restores Mobility in Pediatric Cancer Patient
Jeddah Event Explores AI's Role in Boosting Saudi Arabia's SME Sector
UN Representative Highlights AI's Role in Perpetuating Gender Stereotypes
Saudi and Jordanian Leaders Discuss Enhanced Security Cooperation in Amman
Saudi British Society Honors Cultural Bridge-Builders at London Gala
Saudi Media Forum 2025 Explores AI's Role in Modern Journalism
Saudi Arabia's Saqer Al-Moqbel Appointed as WTO General Council President for 2025–2026
Saudi Deputy Ministers Engage in Diplomatic Discussions with U.S. and Dutch Officials in Riyadh
Saudi Arabia to Launch Iftar Program in 61 Countries During Ramadan
Saudi Visitors Expected to Spend £942 Million in UK During 2025
Saudi Arabia Gifts Kaaba's Kiswah to Uzbekistan's Center of Islamic Civilization
Digital Cooperation Organization Concludes Fourth General Assembly with Multiple Agreements
×