No transparency | What does Queen Elizabeth have?

About This Source - RT

The video item below is a piece of English language content from RT (formerly Russia Today). RT is a Russian state-funded broadcaster.

Recent from RT:

  • Unearthed report shows Huawei may have spied on the Dutch
  • Numbers that don’t lie | Chess could make you smarter and richer – Ilya Merenzon (World Chess CEO)
  • World Chess CEO Ilya Merenzon explains how the film industry could boost chess as a mass sport
  • RT published this video item, entitled “No transparency | What does Queen Elizabeth have?” – below is their description.

    In the 1970s, Queen Elizabeth II sent her solicitor to lobby the government, which consequently amended a draft law to shield her personal finances and extravagant wealth from scrutiny, archived documents have revealed.

    Unearthed by the Guardian, the National Archives documents point to an effort by the British royal family to get a special exemption from transparency rules of the Companies Act. The law authorises directors of public companies to demand disclosure of beneficiaries from nominee shareholders — a measure meant to prevent secret consolidation of ownership through front companies.

    A clause in the law, reportedly inserted after the Queen’s intervention, allows the state secretary to shield entities from scrutiny for “special reasons.” Such an exemption was reportedly given to a single subsidiary of the Bank of England called Bank of England Nominees Limited (BOEN).


    Follow us on Telegram

    RT YouTube Channel

    Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.

    In This Story: Bank of England

    The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government’s banker, and still one of the bankers for the Government of the United Kingdom, it is the world’s eighth-oldest bank.

    4 Recent Items: Bank of England

  • Extinction Rebellion daub Bank of England with fake oil in climate protest
  • Climate activists spray black dye at Bank of England in ‘Money Rebellion’
  • LIVE: Bank of England’s Alex Brazier speaks to Reuters
  • UK unveils new banknote celebrating Alan Turing
  • In This Story: Queen Elizabeth II

    Elizabeth II is Queen of the United Kingdom and 15 other Commonwealth realms. Elizabeth was born in Mayfair, London, as the first child of the Duke and Duchess of York. Her father ascended the throne on the abdication of his brother King Edward VIII in 1936, from which time she was the heir presumptive.

    4 Recent Items: Queen Elizabeth II

  • UK royal funeral: Prince Philip laid to rest in Windsor
  • Sitting alone, the Queen farewells Prince Philip, her husband of 73 years | ABC News
  • Prince Philip laid to rest at Windsor Castle
  • WATCH: Coverage and analysis ahead of the ceremonial royal funeral for Prince Philip
  • Leave a Comment