National Lottery LIVE: £4.5m Lotto jackpot winner’s charity investigated by watchdog over alleged ‘financial misconduct’
A LOTTO winner’s kids charity is being investigated by watchdogs over allegations of “financial misconduct”, say reports.
Barry Chuwen, 52, won £4.5million in 1997 and invested it in commercial premises, including some of Glasgow‘s most exclusive addresses.
The Lottery winner also set up The Teddy Bear Foundation with wife Jenny in 2004, after they tragically had a stillborn baby at six months.
The charity claimed to have spent a total of nearly £500,000 to take children with special needs to Disneyland Paris – as well as providing them riding lessons, massage sessions and sensory gardens.
According to the Daily Record, OSCR are investigating payments made by the charity to a company connected to one of its trustees last year.
They have now taken action to make sure that any property owned by the charity can’t be sold.
OSCR said: “We are concerned that there has been misconduct in the administration of the charity and consider it necessary and desirable to take protective action in respect of the charity’s property.
“We have therefore issued a formal direction to the charity’s bank preventing it from parting with any property of the charity without OSCR’s consent.”
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