Founded by the Prince of Wales in 1979, PWCF awards grants to UK-registered non-profit organisations for projects in the UK, Commonwealth and other countries. It is currently chaired by British businessman Sir Ian Michael Cheshire. According to him, the donation was agreed upon by the five trustees.
Osama bin Laden was the mastermind behind the September 11 terror attacks of 2001, which killed nearly 3,000 people in the US.
According to the report, Charles had bet with Bakr – the patriarch of the wealthy Saudi family – some two years after Osama bin Laden was killed by US special forces in Pakistan. At this time, several of the senior royal’s closest advisers had urged him to return the money. His Clarence House office has denied that the royal was personally involved in the decision.
Earlier in February the British police had launched an investigation into another of Charles’s charitable foundations over claims of a cash-for-honours scandal involving a Saudi businessman. The head of The Prince’s Foundation resigned last year after an internal investigation into allegation that he had coordinated efforts to grant a royal honour and even UK citizenship to a Saudi tycoon.