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Cyrenians Cymru charity boss arrest over '£800k fraud' | Cyrenians Cymru charity boss arrest over '£800k fraud' |
(about 2 hours later) | |
The head of finance at a homeless charity in Swansea has been arrested on suspicion of fraud, understood to be £800,000. | |
Mark Davies, 47, was arrested by officers last week and has been released on police bail. | Mark Davies, 47, was arrested by officers last week and has been released on police bail. |
Mr Davies works at Cyrenians Cymru, which offers a range of services to homeless and disadvantaged adults. | Mr Davies works at Cyrenians Cymru, which offers a range of services to homeless and disadvantaged adults. |
A South Wales Police spokesman said the force's economic crime unit was carrying out the investigation. | A South Wales Police spokesman said the force's economic crime unit was carrying out the investigation. |
A spokesperson for the Charity Commission said it received a serious incident report from Cyrenians Cymru. | |
"We have contacted the charity to explain that we will be asking for more information, and an update on the developing situation," they added. |