King’s ex-valet ‘exposed charity to substantial risk’ but misconduct ruled out The King’s former most trusted aide Michael Fawcett exposed Charles’s charity to “substantial risk”, but his actions did not amount to misconduct, an inquiry has found.
The OSCR’s report, published on Tuesday, criticised Mr Fawcett’s “unacceptable” conduct over his failure to make sure a collection of artwork, reportedly worth more than £100 million and loaned to the charity by businessman James Stunt, was insured.
In 2019, it was reported Mr Stunt, the now-bankrupt British socialite and ex-husband of heiress Petra Ecclestone, lent 17 masterpieces by Monet, Picasso, Dali and others to the then-Prince’s Foundation to display at its headquarters, Dumfries House in Ayrshire, Scotland.
The Office of the Scottish Charity Regulator (OSCR) examined dealings at the King’s Foundation, formerly known as the Prince’s Foundation.
The inquiry revealed the foundation had expressed previous concerns about Mr Fawcett over his involvement in the loan of high-value paintings from an individual referred to in the reports as Donor B.
