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Fraud enquiry shuts down Prince's health charity

Published on 4 May 2010 under category: legal

A health charity established by Prince Charles has been closed as a result of an ongoing fraud investigation.

Trustees of the Prince's Foundation for Integrated Health said on Friday (April 30th) that the closure was part of an "agreed strategy".

However, they had decided to bring forward the date of shutting down after allegations of fraud emerged from within the organisation.

It is believed that a total of £300,000 has not been accounted for on the charity's books.

Last week, a 49-year-old man and a 54-year-old woman were arrested on suspicion of money laundering and fraud. They were later released on bail until June.

In a statement, the charity's trustees said: "Whilst the closure has been planned for many months and is part of an agreed strategy, the trustees have brought forward the closure timetable as a result of a fraud investigation at the charity."

The Prince's Foundation for Integrated Health was set up in 1993 and has helped half a million people access complementary medication.

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