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The Prince of Wales’s Charitable Fund confronted scrutiny over ‘luggage of money’ it acquired from the Qatari royal household
The Charity Fee has dropped additional investigation into multi-million-pound donations made by the Qatari royal household to the Prince of Wales’s Charitable Fund (PWCF), triggered by a sequence of UK press revelations final month.
“We now have assessed the data offered by the charity and have decided there is no such thing as a additional regulatory function for the Fee,” the watchdog’s spokesperson confirmed on Wednesday.
British media reported in June that Prince Charles had acquired three separate funds of money totaling over £2.5 million ($3 million) between the years 2011 and 2015, personally accepting the donations from Sheikh Hamad bin Jassim bin Jaber al Thani, who served as PM of Qatar from 2007 to 2013.
Throughout one assembly at Clarence Home, which an adviser reportedly described as making everybody current “very uncomfortable in regards to the state of affairs,” the prince was allegedly handed a bag holding €1 million in €500 notes. Throughout one other handover, the money was offered in luggage from division retailer Fortnum and Mason, once more elevating eyebrows amongst these involved with propriety.
Following the revelations, the charity watchdog was initially compelled to contemplate “whether or not there is a function for the fee to research these issues,” however has since been given “adequate assurance” that nothing unlawful had taken place. The PWCF insisted it verified the donor was a “professional and verified counterparty” and that its “auditors signed off on the donation after a selected enquiry through the audit.”
Whereas neither the prince nor the sheikh have been accused of wrongdoing at any level, a senior royal supply advised the Guardian “contexts change through the years” and that the prince not accepts massive money donations.
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