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Princess in trust-fund row could face fine of ‘millions’

Warned: Princess Camilla PICTURE: JERSEY EVENING POST/SWNS

A PRINCESS from Monte Carlo could be fined millions of pounds after refusing to reveal the location of her mother’s fortune, including a £50million Gauguin painting, a court has heard.

Princess Camilla Crociani de Bourbon des Deux Siciles appeared at the Royal Court in Jersey for the latest hearing in a ten-year dispute over a trust fund set up by her mother, Italian film star Edoarda Crociani.

It began when £100million of investments and art was taken from the fund for the princess and her sister, Cristiana, in 2010 and placed in Edoarda’s name.

Cristiana feared the cash was being given to her sister and started legal action.

The court ordered trustees Edoarda, 80, — better known by her stage name as Edy Vessel — and bank BNP Jersey to rebuild the fund, and Princess Camilla to disclose the details of her mother’s wealth.

But she allegedly refused to reveal the location of the Gauguin painting and other valuable items. Her advocate Olaf Blakeley insists she does not know the location of many of her mother’s assets.

The princess, 49, has been warned she faced a fine of ‘millions’ if she was found guilty of contempt.

The court will deliver its judgment in due course.