Italian princess at war with her sister over $180m inheritance

Two princesses are embroiled in a battle over a trust fund set up for them by their mother, Italian film star Edoarda Crociani.

The trust fund was set up for Crociani's daughters, Princess Camilla and Princess Cristiana, when they were just teenagers and is reportedly worth AUD$180 million.

Princess Cristiana claims her mother was "obsessed" with her daughters marrying princess.

While Princess Camilla married a prince, gaining her mother's favour, Cristiana did not.

She say she later became aware of assets and money being transferred out of the trust fund by her mother, reportedly to prevent her from accessing her share.

In the latest development, a judge has threatened to fine Princess Camilla and her mother millions of dollars after she refused to reveal where certain assets that form part of the inheritance are, including a painting by Paul Gauguin.

"We have had not received any information about the Croci Group [the family business] or on Mdme [Edoarda] Crociani's non-voting shares in the group," Commissioner Julian Clyde-Smith said.

"The court believed [at the last hearing] that she knows where the Gauguin is. The way to purge the contempt is to tell us. And she has not done that."

Princess Camilla appeared at the Royal Court on the Channel Island of Jersey where she was issued with the order, just the latest in the lingering dispute.

It was 2010 when Cristiana first claimed she the trust fund was being unfairly accessed. The fund, called the Grand Trust by Edoarda, when became the subject of legal proceedings in 2011.

 

While Princess Camilla seemed to cooperate, informing the fund of assets, she was accused of leaving out items of value such as her mother's jewellery and a Gauguin painting valued at £49.9m.

The matter continues.

Princess Camilla now runs the Princess Camilla of Bourbon Charitable Foundation following her 1988 wedding to Prince Charles of Bourbon Two Sicilies, Duke of Castro.

The couple lives between Monaco, Paris and Rome, with their two daughters - Princess Maria Carolina Duchess of Calabria and Palermo and Princess Maria Chiara Duchess of Capri.

The website states Camilla is very active in the family Business, involving financial activities, catered to investments in the fields of Defence, Homeland Security, Space and Transport worldwide.

This article originally appeared on honey.

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