Disgraced royal Prince Andrew has come under fire as the sale of his £18million chalet was allegedly frozen over a £1.6million debt he owed
Prince Andrew has been slammed as an “absolute fool” after the sale of his £18million Swiss chalet was allegedly frozen over a debt he owed.
A celebrity who was previously owed millions by the disgraced king has spoken out amid continuing reports that the sale of his chalet is struggling, and it is now said to be “impossible”.
This comes as the 60-year-old was spotted with a male companion on one of his horses in the grounds of Royal Lodge today.
This is his first public appearance since his father, Prince Phillip’s memorial service, where the royals are expected to attend a service at Windsor Castle on Monday to mark Garter Day.
Earlier today, reports emerged that an order freezing the Duke of York’s £18million withdrawal had been issued.
It comes as the asset was “put under confiscation” over a reported debt of £1.6million he owed to an unnamed Swiss couple. Now the sale should appear almost “impossible”.
According to Le Temps, a Swiss newspaper, Andrew and Fergie entered into a business arrangement with the unnamed couple at the resort and the reported debt of £1.6million led to the confiscation of the property called Henora.
The confiscation could jeopardize the sale of the chalet with indoor pool and sauna.
Geneva law professor Nicolas Jeandin told Le Temps: “A sale is basically impossible, except with the consent of the creditor.”
Andrew is understood to deny he owes the full £1.6million but he is not denying any unpaid debts.
A source close to the Duke said: “Discussions are ongoing to resolve the matter which are expected to be completed satisfactorily for all parties, but it in no way prevents the sale of the chalet which is ongoing and expected to be in due course will be completed.”
Another source close to the Duke warned, “The whole deal could fall apart at any moment.”
And now Isabell de Rouvre has opened up about the ongoing troubles after the royal son allegedly owed her £6.6million for the chalet up until last year.
The Daily Mail reported Miss de Rouvre that she felt sorry for the Swiss couple whom the Duke allegedly owed money under a business arrangement, the identity of which remains secret.
She said knowing the struggles she went through to get her money after selling Chalet Helora in Verbier to Prince Andrew and Sarah Ferguson in 2014, she could sympathize with her plight.
She said: “It was a horrific experience. I don’t understand what he’s doing and I feel so sorry for the people who do business with him.”
Prince Andrew reportedly sold the chalet to pay off Virginia Guiffre, who accused him of sexually assaulting her when she was 17, something the Duke has always vehemently denied.
He was ousted from public life following the allegations and his friendship with pedophile billionaire Jeffrey Epstein.
After taking him to court in America, Guiffre finally agreed to pay millions of pounds to settle the case.
The protracted battle to pay off Miss de Rouvre’s £6.6million debt came to an end just last year.
She said: “It’s really quite incredible. He put me under so much stress. He [Andrew] is an absolute idiot and I just can’t understand how he goes about his life.
Miss de Rouvre was forced into a legal battle with Andrew two years ago to recover the huge sum of money owed to her.
After she sold the chalet to then-boyfriends Andrew and Sarah Ferguson for £18million in 2014, they reportedly failed to pay £5million in cash.
AFP via Getty Images)
She agreed it could be pushed back to December 2019 with interest accruing, but would blame the couple for breaking their agreement.
But now it is reported that the legal move to freeze the chalet will result in the Swiss couple allegedly receiving £1.6million owed them by the Queen’s second son.
This all comes as moving vans from a British company that received a Royal Warrant in 1981 were spotted at the property this week.
It is reported that they removed items on behalf of the Duke.
https://www.mirror.co.uk/news/uk-news/prince-andrew-dubbed-an-absolute-27208132 Prince Andrew has been called "an absolute fool" as "proceeds from the £18m chalet sale were frozen".