The embattled Duke of York has started a business with Harry Keogh, a banker who resigned from his previous role due to sexual harassment allegations.
The Telegraph reports the men have started a firm, Lincelles, together months after the Duke stepped back from his royal duties over his connection to Jeffrey Epstein.
Prominent financer Harry Keogh worked at Coutts, one of the oldest banks in the world, where he was accused of touching a female staffer and making lewd remarks in 2018, the Wall Street Journal reported.
The 60-year-old is alleged to have touched a young female banker's groin to indicate the location of an injury he had. The woman, in her 20s, later asked if Keogh was feeling better - which he then allegedly responded to by asking her to touch his groin.
Keogh left Coutts after the alleged incident came to light, but has maintained his innocence.
He is understood to have served as a private banker and adviser to the Duke of York for about 20 years.
The company was started about six months after Prince Andrew's infamous BBC interview, in which he claimed accusations he had sex with a trafficked person were false because he was unable to sweat.
He also failed to express sympathy for the sex-trafficked victims or say he felt wrong about his affiliation with Epstein.
A representative for the royal told The Mirror he is not an owner of Lincelles and the company has not received any funds or paid any money.
The British companies register lists the Duke of York and Keogh as people with "significant control" and lists the company as being incorporated in June 2020.
The report states the royal controls 75 percent of the firm through the Urramoor Trust, which was created by Prince Andrew's private office. As the business is an unlimited company, it will not have to file accounts.
A source close to the Duke of York defended Keogh and told Newsweek there was no police involvement in the banker's sexual harassment allegations. The newspaper reported Keogh has sued for unfair dismissal.