30 Jan 2016

Warne to close charitable foundation

4:44 pm on 30 January 2016

Former Australian cricketer Shane Warne is closing his charitable foundation after allegations of financial mismanagement.

Warne has rejected claims that the charity passed on just 16 percent of its funds to the intended recipients - institutions caring for sick and underprivileged young people.

He said the foundation had given away about half of the $9 million it had raised.