King Charles III accused of pocketing millions from dead Brits, funds were meant for charity under ancient laws
The Guardian's report exposes King Charles III for allegedly diverting tens of millions intended for charity, using ancient laws governing "bona vacantia" assets from deceased individuals. Documents from his inherited estates reveal redirection of...

Documents sourced from the Duchy of Lancaster, Charles' extensive inherited estate, divulge a clandestine redirection of these funds towards upgrading properties leased out for profit. The practice, rooted in medieval "bona vacantia" laws, enables the duchy to inherit funds from those whose last known address belonged to Lancashire county palatine.
Operating similarly, the Duchy of Cornwall, now overseen by Prince William, has been implicated in utilizing the same system. Both duchies effectively function as expansive real estate entities, controlling diverse holdings including farmlands, hotels, castles, and prime London real estate, reported by the Guardian.
Despite amassing substantial earnings – totaling over $1.6 billion in six decades – neither duchy incurs corporation tax or capital gains tax. The pledge to direct these proceeds to charity seems largely unfulfilled, with a mere 15% finding its way to charitable causes over a decade, as per documents scrutinized by the Guardian.
Exploiting an expanded policy introduced in May 2020, the duchies can allocate "bona vacantia" earnings to repair and preserve properties deemed of historical importance. This includes renovations ranging from walls and foundations to electrical and insulation work across a significant portion of their property portfolios, as revealed by the Guardian's investigation.
A spokesperson, while reaffirming the use of these funds for community support and property preservation, emphasized their allocation for the sustainability and historic preservation of buildings across the Duchy of Lancaster estates.
However, amidst claims of benefiting local communities, it's disclosed that Charles has witnessed a surge in profits from his rental properties, a revenue deemed "private" by Buckingham Palace, largely originating from these ancient practices.
The Guardian's findings highlight numerous cases where individuals' assets were absorbed by King Charles, sparking dismay among acquaintances who found the actions "disgusting," with one remarking that the deceased would be greatly disturbed by these revelations.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.