Prince Andrew is embroiled in a fresh scandal as he faces a police investigation following allegations that he operated under the pseudonym 'Andrew Inverness' when co-founding Naples Gold Limited with sports retail entrepreneur Johan Eliasch in 2002. The complaint, lodged by Graham Smith, the CEO of Republic, has been directed to Scotland Yard, where officials are currently reviewing the claims that Andrew provided false information in documents submitted to Companies House.

In a statement to The Telegraph, Mr. Smith emphasized the need for the Royal Family to adhere to the highest ethical standards, arguing that Andrew's actions should not be dismissed as trivial. He pointed out the serious problem of fraudulent activities in the UK, asserting that while no fraud is explicitly attributed to Andrew in this case, public figures must be held accountable for their actions.

Additionally, the investigation coincides with the news that Andrew's private investment firm, Urramoor Limited, has been forced to cease operations. Recent filings with Companies House indicate that Urramoor has applied to be dissolved, just over a year after it received a £210,000 bailout through non-redeemable shares in December 2023, with Andrew reportedly having significant control over the firm, which was established in 2013.