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The Prince of Wales’s complementary health charity ceased operating this week following an investigation into alleged fraud and money-laundering scandal at the organisation.

The trustees of the Prince’s Foundation for Integrated Health, of which Prince Charles is president, said last night they had brought forward a planned decision to wind up the charity as a result of a continuing police investigation by Scotland Yard.

A former senior executive at the charity, and a 54-year-old woman were arrested and questioned on suspicion of fraud and money laundering.

The alleged crime is understood to have seriously undermined the charity’s finances, and may have cost it as much as £300,000 – about a quarter of its annual revenue. The black hole emerged in the 2008 accounts.

With our experience and expertise Frenkels Forensics are able to assist with all types of forensic accounting investigations relating to commercial and business fraud.  We have also acted on many occasions for Defendants in these cases.  For more information please contact John Frenkel or Vivian Cohen on 020 8457 2929.