Prince Andrew’s £1.5m loan paid off by firms linked to Tory donor – report

Duke of York and multimillionaire David Rowland have had a close relationship for some years

• Analysis: questions persist over Andrew's finances

Prince Andrew took out a 1.5m personal loan that was subsequently paid off by companies connected to David Rowland, a multimillionaire Conservative donor and financier, it has been claimed.

Bloomberg News reported on Tuesday that the Duke of York took out the loan with the Luxembourg-based private bank Banque Havilland in December 2017, and it was paid off 11 days later by companies associated with Rowland, the bank's founder.