London - The spectral face of 'God's Banker' Roberto Calvi has appeared in a photo portrait of the Queen and Duke of Edinburgh.
The picture, commissioned by the National Portrait Gallery, shows the royals seated on one of Windsor Castle's hideously uncomfortable faux Louis Quinze sofas.
Calvi's image is seen in between the couple, just behind the gnatspiss green brocade cushions.
And a tattoo on the jugular vein area of his neck bears an uncanny resemblance to the insignia of the Royal Victorian Order.
Palace flunkeys, of course, have dismissed the apparition as nothing more than a trompe l'oeil - "a French trick of the light that fools no one."
But Calvi's ominously glistening gold incisors can clearly be made out behind a lupine grimace.
"Someone should have airbrushed the ghoul out of the picture," worried gallery curators said today.
The picture will be exhibited from tomorrow at the Scottish National Gallery in Edinburgh as part of a tour called The Queen: Artful Dodger and Accomplished Hoaxer.
Tickets cost one pound.