Warne shuts down charitable foundation amid funding controversy

Johannesburg : Australian spin great Shane Warne has revealed that he has begun the process of closing down his charitable foundation in the wake of ‘unwarranted speculation’ over its financial management.Confirming the news, Warne said on his Facebook page, “in response to recent, unwarranted speculation about The Shane Warne Foundation and its distribution of funds, we confirm we have distributed $3.67 million to date with an additional and final substantial check to be distributed on March 18, 2016.”According to Sport24, the foundation is set to undergo an independent audit ordered by the Consumer Affairs department of Victoria state.