A 49-year-old man, who used to work at the Prince's Foundation for Integrated Health, was arrested yesterday and is being held at a London police station. A 54-year-old woman has also been arrested. They were arrested on suspicion of fraud and money laundering.

The Prince's Foundation for Integrated Health was set up by Prince Charles in 1993. It is a small charity which promotes the marrying together of healthy lifestyle choices, such as good food, work, access to nature and exercise, with orthodox and complementary interventions to create an environment that promotes wellbeing. In recent years some people have criticized the charity for promoting unscientific approaches to health care.

The arrests follow an investigation into £300,000 (US$ 460,000) of unaccounted funds in the charity's books.

"Officers from the Metropolitan Police Service's economic and specialist crime command arrested two people on the morning of Monday April 26 on suspicion of fraud and money laundering at an address in north west London. A 49-year-old man and 54-year-old woman were arrested at approximately 7am and taken to a north London police station where they remain in custody," a Scotland Yard spokesman said.

According to media reports, Clarence House has declined to comment "It is a matter for the police. Therefore we cannot comment," a spokeswoman said. (Clarence House is a royal home in London, situated on The Mall)

As of 4 April 2010, accounts for the organisation had not been filed with Companies House. (Companies House is the United Kingdom Registrar of Companies and is an Executive Agency of the United Kingdom Government Department for Business, Innovation and Skills).