Prince Andrew’s investment firm Urramoor Limited has been shut down, marking another setback for the Duke of York amid ongoing controversies.
London: So, Prince Andrew is in hot water again. His investment firm, Urramoor Limited, has just been shut down. Can you believe it? This company was set up back in 2013, and he had a lot of control over it.
It’s a bit of a mess, really. The firm had some serious debts—around £208,000. But last year, it got a lifeline from a mystery donor, who gave it £210,000. Just a year later, though, it’s applying to be struck off. Talk about a rollercoaster!
And let’s not forget, Andrew lost his UK trade envoy role because of his ties to Jeffrey Epstein. The company hasn’t made a profit in nine years of accounts. That’s pretty rough.
On top of that, it looks like over £230,000 has been pulled from his Pitch@Palace initiative. The cash on hand dropped from nearly £455,000 to about £221,000 in just one financial year. Ouch!
Things are getting even weirder with a Chinese spy linked to him being banned from the UK. This guy, Yang Tengbo, was reportedly working for the Chinese Communist Party. He even visited Buckingham Palace a couple of times after being invited by Andrew.
Authorities are worried he might have been using his connections to push China’s agenda. His phone had a letter from one of Andrew’s advisers, hinting at a close relationship. It’s all a bit shady, don’t you think?
