The Prince's Foundation for Integrated Health (FIH), a charity founded by the Prince of Wales, has been shut down.

The closure of FIH, which promoted a holistic approach to medicine and lobbied for a greater use of homeopathic treatments, comes after one of its former senior officials was arrested on a fraud charge.

In a statement, FIH claimed that the closure of the organisation had been in planning for months but had been "brought forward as a result of a fraud investigation at the charity".

The FIH statement added that: "The Trustees feel that the foundation has achieved its key objective of promoting the use of integrated health.

"Since the foundation was set up in 1993, integrated health has become part of the mainstream healthcare agenda, with more than half a million patients using complementary therapies each year, alongside conventional medicine."

In February 2010, MPs on the Commons Science and Technology Committee called for an end to homeopathy treatment on the NHS.