SHOCKING REPORT - King Charles III allegedly profiting from deceased citizens
The deaths of residents in the north-west of england are said to benefit king Charles III. According to The Guardian, the Duchy of Lancaster has purportedly received tens of millions of pounds from financial assets known as bona vacantia, which are possessed by persons who died without a will or known next of kin.
The Duchy claims that these funds are distributed to charity, but leaked internal papers imply otherwise. The revenues are supposedly being utilized to improve the king's estates, resulting in a huge profit for the royal estate. The Guardian named scores of deceased people whose assets were transferred to the king's estate, comparing their low living conditions with the high-end residences sponsored by their fortunes.
One stolen document, dubbed "SA9," granted the king's estate executives permission to expend bona vacantia cash on a wide range of its profit-generating business. Townhouses, vacation stays, rural cottages, agricultural structures, and even a former fuel station and barns used for pheasant and partridge shoots in Yorkshire have been upgraded.
The news has generated an uproar, with surviving friends of the deceased residents labeling the practice "disgusting," "shocking," and "not ethical." The Duchy of Lancaster has declined to comment, while Buckingham Palace has remained mute.
The Duchy's use of bona vacantia money escalated in May 2020, according to The Guardian's study, with the implementation of policy SA9. The policy permits the monies to be utilized for "public good" purposes such as repairing, restoring, and preserving the fabric of duchy properties classified as "heritage assets." The term, however, includes assets in conservation zones, places of exceptional scientific interest, regions of extraordinary natural beauty, and properties of "local historical importance."
The Duchy claims that these funds are distributed to charity, but leaked internal papers imply otherwise. The revenues are supposedly being utilized to improve the king's estates, resulting in a huge profit for the royal estate. The Guardian named scores of deceased people whose assets were transferred to the king's estate, comparing their low living conditions with the high-end residences sponsored by their fortunes.
One stolen document, dubbed "SA9," granted the king's estate executives permission to expend bona vacantia cash on a wide range of its profit-generating business. Townhouses, vacation stays, rural cottages, agricultural structures, and even a former fuel station and barns used for pheasant and partridge shoots in Yorkshire have been upgraded.
The news has generated an uproar, with surviving friends of the deceased residents labeling the practice "disgusting," "shocking," and "not ethical." The Duchy of Lancaster has declined to comment, while Buckingham Palace has remained mute.
The Duchy's use of bona vacantia money escalated in May 2020, according to The Guardian's study, with the implementation of policy SA9. The policy permits the monies to be utilized for "public good" purposes such as repairing, restoring, and preserving the fabric of duchy properties classified as "heritage assets." The term, however, includes assets in conservation zones, places of exceptional scientific interest, regions of extraordinary natural beauty, and properties of "local historical importance."
While the Duchy says that the primary purpose of the expenditure is to preserve assets, opponents believe that the king receives an evident indirect financial advantage. The king got a £26 million reimbursement from the Duchy of Lancaster, his first yearly payment since inheriting the estate from queen Elizabeth II.