Scottish regulators have criticized the past management of a charity founded by King Charles III following an investigation triggered by media reports that a Saudi billionaire sought to secure a knighthood and U.K. citizenship in return for donations.
The Scottish charity regulator, known as the OSCR, found in a report released Tuesday that the former trustees of the Scotland-based King’s Foundation — previously known as the Prince’s Foundation — didn’t properly scrutinize a number of transactions and failed to adequately oversee the charity’s former chief executive.
