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Prince Harry and Dean Stott at The Wheels Down Ball in London last year

Special forces friend of Prince Harry is questioned about claims of financial irregularities after a world record-breaking bike ride that raised £ 500,000 for charity

  • Ex-SBS trooper Dean Stott is being investigated by charity regulators on spending
  • The official Scottish Charity Regulator confirmed that it had opened a formal investigation
  • The probe comes after Mr. Stott has been accused of cheating during the 99-day ride
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A friend of Prince Harry's Special Forces is being investigated about claims for financial irregularities following a world-record-breaking bike ride from Argentina to Alaska that raised at least £ 500,000 for mental health charities in the UK.

Ex-SBS trooper Dean Stott, 42, is being investigated by charity regulators on spending of up to £ 400,000 being picked up as part of his 14,000-mile bike marathon across America.

Last night, the official Scottish Charity Regulator (OSCR) confirmed that it had launched a formal investigation into the charity he set up with his wife Alana.

The probe comes after Mr. Stott was accused of cheating during the 99-day ride to ensure that he returned to Britain on time to attend Prince Harry's wedding.

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Prince Harry and Dean Stott at The Wheels Down Ball in London last year

Prince Harry and Dean Stott at The Wheels Down Ball in London last year

Stott, who made friends with Harry 12 years ago during a military training, took 18 days off for driving on the Pan-American highway, cycling up to 20 hours a day.

He completed the ride last May, but dropped out with his support crew about the alleged use of fake paperwork at border controls in South America. They also claimed that he was riding more than one bike during the challenge, which is prohibited by Guinness – something Mr. Stott strongly denies.

Last August, the Stotts gave a £ 500,000 check to the charity Heads Together, set up by Princess Harry and William, and the couple said halfway through their goal to raise £ 1 million.

But only three months later, in November last year, they applied for their charity PAH18 Limited to be scrapped and voluntarily dissolved. This bid was blocked after regulators had received objections. The Stotts did not publish any further donations before the company was definitively declined earlier this month.

The final accounts showed a total income of £ 993,029 and a total expense – including proceeds transferred to charities – of £ 897,064. The OSCR investigates allegations that the organizers of the project have spent excessively and misused charity funds.

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Last night, Mr. Stott refused to answer the detailed questions from The Mail on Sunday about personal income from his charity bike ride or the costs claimed by his company. His spokesman said: & PAH18 welcomes this investigation and while there is no suggestion of any offense by the OSCR, PAH18 is happy to provide any information that may be needed. We look forward to the positive conclusion. & # 39;

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