Prince Andrew used a pseudonym to set up a secret company with his sports tycoon friend to 'avoid media attention', it has been alleged.
The embattled Duke reportedly called himself 'Andrew Inverness', a name appeared to have adopted from one of his lesser known titles, the Earl of Inverness, when he launched Naples Gold Limited in 2002.
His business partner, Johan Eliasch, is Monaco-based tycoon behind the top sports brand Head.
It is understood Prince Andrew was invited by Mr Eliasch to a Christmas trip off the coast of Thailand where he was photographed on a yacht with 'a bevy of topless beauties' in 2001, according to Daily Mail.
Disgraced financier Jeffrey Epstein and Ghislaine Maxwell were said to be in Phuket in the same country at the time.
The billionaire had reportedly agreed to foot some of the bill for the Duke's luxurious stay at the Amanpuri Hotel, where villas cost up to £25,000 a night.
In the business documents of Naples Gold Limited, it reportedly revealed that company director Andrew Inverness had the job title 'professional consultant' and the same birth date as Prince Andrew - February 19, 1960.
The company has filed paperwork including a recent set of accounts with no trading activity to Companies House earlier this week, it is reported.
But the Duke of York has not spoken about the company in public.
In addition, that was not the first time Prince Andrew used the name 'Inverness' while trying to remain below the radar.
It's claimed that he has a 40 per cent stake in a company called Inverness Asset Management, which is registered in the British Virgin Islands, shared with a wealthy benefactor David 'Spotty' Rowland.
The Queen's son, who went by 'Andrew Inverness, care of Buckingham Palace', was found to be a creditor of a luxury ski company, Descent International.
The company collapsed in 2009 and a spokesperson for the liquidator told the reporters that time: "We understand that to be Prince Andrew."
Buckingham Palace declined to comment.
