£300k hole found in the accounts of the Prince's Foundation for Integrated Health
Police have been called in to investigate fraud allegations at the Prince's Foundation for Integrated Health after auditors discovered a reported £300,000 hole in its accounts.
The foundation, which promotes complementary and holistic medicine, alerted the police after its auditors questioned the 2008 accounts. The accounts are more than 150 days overdue at the Charity Commission and Companies House.
According to the Daily Mail, the charity's auditors discovered the £300,000 hole in the accounts of the foundation, which had an income of £1.2m in 2007.
The foundation's registered address on the Companies House website is Clarence House, Prince Charles's residence.
A spokesman for the Metropolitan Police confirmed that its Economic and Specialist Crime Command, formerly known as the Fraud Squad, is investigating the allegations. "The information received is being assessed," he said.
A spokeswoman for the charity blamed the delay in preparing its 2008 accounts on staff and structural changes.
"While getting these accounts ready for filing, our auditors, Kingston Smith, questioned some of the transactions in the accounts," she said. "As a result, at their recommendation, a complaint has been made to the police. Companies House and the Charity Commission are being kept informed, and now that it is a matter for the police we cannot comment further."
A spokeswoman for the Charity Commission said the regulator was not actively investigating the allegations.