Shane Warne at The Shane Warne Foundation Ashes lunch at the Crown Palladium in Melbourne, Thursday, Dec. 19, 2013.
Shane Warne at The Shane Warne Foundation Ashes lunch at the Crown Palladium in Melbourne, Thursday, Dec. 19, 2013. AAP Image - Mal Fairclough

Shane Warne Foundation closes amid consumer affairs audit

THE Shane Warne Foundation announced it was closing its doors yesterday amid a consumer affairs investigation.

In a statement, the charity said speculation about its financial management was "unwarranted" and it had distributed $3.67 million to kids in need.

The foundation has faced claims of poor accounting and that much of the money raised is used for "administration".

A Consumer Affairs Victoria report is due by February 29.


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