Labour ministers have demanded an investigation after leaked correspondence suggested Andrew Mountbatten Windsor sought "£50,000 each" for Princesses Beatrice and Eugenie.
The leaked emails allege Mr Mountbatten-Windsor sought the payment from billionaire financier David Rowland during his tenure as Britain's trade envoy.
The correspondence, obtained by The Mail on Sunday, appeared to show the 66-year-old discussing arrangements for each princess to receive £50,000 in June 2011. GB News has not been able to independently verify the claims at the time of publication.
According to the Mail, Mr Mountbatten-Windsor was apparently expecting to receive £300,000 from Mr Rowland, a property and investment tycoon worth an estimated £730million, who sat on the front row at Princess Eugenie’s wedding to Jack Brooksbank in 2018.
Labour ministers demand investigation after Andrew sought '£50,000 each' for Beatrice and Eugenie
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Whether the payments were ever completed remains unclear, but parliamentarians are now pressing for answers about the arrangement.
The email exchanges between Mr Mountbatten-Windsor and David's son, Jonathan Rowland, who was then running Banque Havilland, suggested a complex financial arrangement.
According to the messages seen by the Mail, each princess would invest half of their £50,000 sum into Jellybook, a newly established investment vehicle focused on backing social media ventures.
Mr Mountbatten-Windsor wrote: "I have explained to Amanda [Thirsk, Andrew's aide] what was intended.
David Rowland (left) pictured in 1992
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"That is 50 [thousand] each to the girls. 25 for Jellybook each. 50 for me. The remainder of the £300, £150 plus an additional £100k to be transferred to Drummonds."
Jonathan Rowland responded seeking clarification: "Just so I am clear. You have Euro 650k (£575k) in the Bank. 50k each to the girls. Jelly I am clear on although the girls accounts might not be in place so you can do £100k and we work it out later."
Mr Mountbatten-Windsor was identified as "Client X" in documents held by Banque Havilland and had granted Jonathan Rowland authority to issue instructions on his account.
In one exchange, Mr Mountbatten-Windsor expressed frustration at his aide being drawn into his financial dealings, writing: "More than slightly annoyed this morning to find an email from Amanda asking me to confirm my private financial arrangements. I don't want or need my office to know what I'm doing with my family or necessarily my investments."
Princess Eugenie and Princess Beatrice were stripped of their 24/7 security in 2011 | INSTAGRAM: PRINCESS EUGENIEJonathan Rowland apologised and assured him it would not happen again.
Sources close to Beatrice and Eugenie told the Mail on Sunday that the princesses have no memory of the alleged payments and have sought access to their historical bank records.
GB News has contacted the Rowlands, Mr Mountbatten-Windsor and the princesses for comment.
Labour MP Karl Turner described the allegations as "worrying" and called for a formal inquiry.
Andrew and Eugenie on the day of the princess's wedding in 2018
| GETTY"Questions are bound to be asked if that association helped to further enrich his kids," he said.
"We must surely see an inquiry into whether the payments for the princesses were made in return for the disgraced former prince's help in pushing the Rowlands' commercial interests."
Shadow business minister Harriet Baldwin echoed the demand for an urgent investigation.
"We must get to the bottom of these allegations at once," she said. "If true, this would be a clear example of him being unable to distinguish between private affairs and his public role."
David Rowland, a tax exile for over three decades, had returned to Britain before the 2010 general election to donate £2.7million to the Conservative campaign.