The chief executive of the Prince’s Foundation has stepped down from his role after newspaper reports that he offered to help secure an honour for a Saudi donor.

The foundation has informed the Scottish Charity Regulator (OSCR) and appointed a senior forensic accountant from a big four accountancy firm to conduct an independent review.

Douglas Connell, the foundation’s chair, said that Michael Fawcett had offered to step down temporarily on Saturday while the investigation was carried out.

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