Britain’s King Charles III Profits ₹627 Crore From Dead Citizens
Britain’s King Charles III is in the spotlight over allegations of profiting ₹627 crore from dead citizens’ money. He is linked to the Duchy of Lancaster, an ancient estate with a unique role. If you don’t know what is ‘Duchy of Lancaster’ is, let me simplify this!
What is the Duchy of Lancaster?
The Duchy of Lancaster is a historic estate that’s been around for centuries. It’s not just any property; it’s a huge collection of lands and holdings that provide income for the reigning monarch of the UK, now King Charles III.
This estate is special because it operates independently from the government and its revenues are traditionally used to support the monarch’s private expenses.
What is the controversy of King Charles III?
Here’s where things get controversial. Over the past decade, the Duchy of Lancaster has reportedly gathered over 60 million pounds – that’s a huge sum! But how?
They’ve collected this through “bona vacantia.” This is a bit complex, but in simple terms, it means assets or money left behind by people who pass away without a will or known relatives.
In normal situations, these assets could go to distant relatives or the government, but in certain areas of the UK, they go straight to the Duchy.
Funds collected from dead citizens’ assets
The Guardian, a British newspaper, has brought to light some startling details. It claims that a large portion of this money, rather than going to charity as previously believed, is actually being used to enhance King Charles III’s commercial properties.
This includes upgrading various buildings, from townhouses to rural cottages. A leaked document called SA9 apparently reveals that officials at the Duchy have the green light to use these funds for such purposes.
King Charles III Received ₹271 Crore
Now, how does this affect King Charles III? Since taking over the estate from the late Queen Elizabeth II, he has reportedly received a total of 26 million pounds from the Duchy of Lancaster. This is significant because it adds to his personal income, raising questions about the ethical use of funds from deceased citizens.
Probe On King Charles III & Duchy of Lancaster
This news has understandably caused a lot of anger in the UK, especially among those who knew the dead people. The practice is being called unethical and distasteful. As of now, there’s been no comment from the Duchy or Buckingham Palace.
Thus, King Charles III and the Duchy of Lancaster are under scrutiny for allegedly using the assets of deceased citizens, without wills or heirs, to boost the King’s personal wealth. This situation raises important questions about the handling of assets and the responsibilities of the monarchy.