Arrested: George Gray was seized with his wife Gillian in an early-morning raid
A man has been arrested over an alleged £300,000 fraud and money-laundering operation which led to the closure of a charity founded by Prince Charles.
Accountant George Gray and his wife Gillian were arrested by Scotland Yard officers in an early-morning raid on their home in North London.

Mr Gray, 49, is a former chief executive of the organisation at the centre of the investigation – The Prince’s Foundation For Integrated Health – which Charles set up in 1993 to promote complementary and holistic therapies.

Last week the trustees announced that the charity had stopped its operations with immediate effect.

Mr Gray is a member of the Institute of Chartered Accountants and his wife, 54, is a voice coach.

They have been married for 14 years and have a teenage daughter. They bought their five-bedroom home in Golders Green for £745,000 in December 2006.

Mr Gray has worked in the charity sector before, spending two weeks at Diabetes UK in 2004 before becoming finance director at the Leadership Foundation For Higher Education.
The Prince’s Foundation For Integrated Health received nearly £1million from taxpayers and was also part-funded by profits from Charles’s commercial ventures, including the Duchy Originals organic food company and the shop on his Highgrove estate.

The alleged fraud came to light after auditors questioned some transactions in the accounts.

The Prince is being kept informed about the inquiry.

Scotland Yard said: ‘Officers from the Metropolitan Police’s Economic and Specialist Crime Command arrested two people on April 26 on suspicion of fraud and money-laundering.

'A 49-year-old man and a 54-year-old woman were arrested at 7am and taken to a North London police station. They were later bailed to a date in June.’

A charity spokesman said: ‘The trustees feel the Foundation has achieved its objective of promoting integrated health.

'They believe the best way of promoting integrated healthcare in the future is through the networks of specialist practitioners which the charity has helped to establish.’



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