Andrew Mountbatten-Windsor received a £12million loan from senior members of the Royal Family to reach an out-of-court settlement with Virginia Giuffre over her sexual abuse allegations, and reportedly has not returned any of the funds.
The late Queen Elizabeth II reportedly provided £7million towards the 2022 payment, while £3million came from Prince Philip’s estate approximately one year following his death.
The then-Prince Charles contributed £1.5million, with additional royals also providing financial support to resolve Ms Giuffre’s case before it reached trial.
A source told The Sun: “Andrew’s not paid back a penny.”
Andrew Mountbatten-Windsor received a £12million loan from senior members of the Royal Family to reach an out-of-court settlement with Virginia Giuffre over her sexual abuse allegations, and reportedly has not returned any of the funds.
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The settlement, finalised in March 2022, meant the former Duke of York would never face his accuser in an American courtroom.
Andrew has consistently and strongly denied Giuffre’s claims and has denied any wrongdoing in connection with Epstein. He settled with Giuffre out of court in 2022 with no admission of liability.
The disgraced ex-royal had intended to repay the loans by selling his luxury ski property in the upmarket Swiss resort of Verbier.
The chalet, valued at approximately £19million, was expected to generate sufficient funds to cover the £12million debt to his family.
The settlement, finalised in March 2022, meant the former Duke of York would never face his accuser in an American courtroom.
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However, this repayment strategy fell apart entirely as the property was burdened with substantial mortgage obligations, leaving Andrew with virtually no profit from the transaction.
A source said: “As far as anyone knows he still has not repaid a single penny of the millions he borrowed.”
The Royal Family agreed to finance the settlement in the belief it would help conclude the scandal before the Platinum Jubilee celebrations in February 2022.
According to insiders, the late Queen was left devastated by the affair but could not bring herself to exile her beloved son.
The late Queen reportedly understood that her eldest son King Charles would address the matter after her passing, effectively postponing the crisis rather than resolving it.
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She reportedly understood that her eldest son King Charles would address the matter after her passing, effectively postponing the crisis rather than resolving it.
The source said: “People will be shocked to know so much came from the estate of his father Prince Philip, who had died a year earlier.”
Ms Giuffre alleged that she was trafficked by convicted paedophile Jeffrey Epstein to have sexual encounters with Andrew on three separate occasions, the first occurring when she was just 17 years old. He has always strenuously denied the claims.
