Colin Nesbitt, founder of the children’s cancer charity Little Heroes Cancer Trust, has been arrested on suspicion of fraud after the charity’s trustees and chief executive raised concerns.
Nesbitt, 54, who founded the charity in 2008, was arrested at his home in Bingley, West Yorkshire, on Tuesday. He has been released on bail.
Anni Wilkinson, the charity’s chief executive, said: "Following concerns, trustees and I contacted the police. We continue to liaise with the police and the Charity Commission.
"The main priority is to continue with the charitable activities and ensure we continue to support the children and families we are working with, who are affected by childhood cancer."
She said she was unable to comment further because of the police investigation.
A spokesman for the Charity Commission said it was aware of concerns about the charity and was working with its trustees to address them.
He said he was unable to comment further while the case was continuing.
A spokeswoman for West Yorkshire Police said: "We can confirm that a 54-year-old man was arrested in Bingley on suspicion of fraud and has been bailed pending further investigation."