According to emails reported by the British newspaper Telegraph, Andrew Mountbatten-Windsor, formerly known as Prince Andrew, is accused of using his position as a special trade envoy to leak confidential financial information from the British Treasury to a banking associate, Jonathan Rowland. This incident allegedly occurred in 2010, shortly after Mountbatten-Windsor met with former Icelandic Prime Minister Jóhanna Sigurðardóttir, who is also tied to the Icesave issue that followed the collapse of Iceland's banking system.

The leaked information could have significantly benefited Rowland, who at the time was the CEO of Banque Havilland, a bank that had recently acquired assets from Kaupthing, one of the banks that collapsed during Iceland's financial crisis. This revelation raises ethical questions regarding the conduct of public officials, particularly how privileged information is handled and the implications of using such information for personal gain or to benefit close associates.

This scandal adds to the ongoing scrutiny of the Icesave case, a financial dispute originating from Iceland's banking collapse that has implications for both British and Icelandic economies. The actions of Mountbatten-Windsor could exacerbate tensions between the two countries, especially as they continue to address the fallout from the financial crisis and seek to improve overall financial governance and transparency.