Prince’s Foundation closes after fraud investigation

The Prince’s Foundation for Integrated Health has been closed following the arrest of one of its senior officials on suspicion of fraud and money laundering.

The announcement, made in a statement on the Foundation’s website, reportedly came after an investigation into £300,000 of unaccounted funds in the books of the charity set up by the Prince of Wales in 1993.

A Scotland Yard spokesman said: “Officers from the Metropolitan Police Service’s economic and specialist crime command arrested two people on the morning of Monday April 26 on suspicion of fraud and money laundering at an address in north west London.

“A 49-year-old man and 54-year-old woman were arrested at approximately 7am and taken to a north London police station where they remain in custody.”

In its statement, the charity said:

“The Trustees of The Prince’s Foundation for Integrated Health have decided to close the charity. 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 Trustees feel that The Foundation has achieved its key objective of promoting the use of integrated health. Since The Foundation was set up in 1993, integrated health has become part of the mainstream healthcare agenda, with over half a million patients using complementary therapies each year, alongside conventional medicine.”

• The Prince’s Foundation for Integrated Health has confirmed that its 2010 Conference and Awards will no longer take place.