Jim Ratcliffe’s charity cleared by regulator after preliminary investigation

Foundation set up by Sir Jim Ratcliffe, the UK's richest person, had provided funding for a luxury clubhouse at ski club

The Charity Commission has closed a preliminary investigation into concerns about governance at a charity set up by the UK's richest person, Sir Jim Ratcliffe, which helped fund a 16m luxury clubhouse for an exclusive French Alps club where he and his daughter have skied for years.

The UK charity watchdog announced on Thursday that it had closed its regulatory compliance case" into the Jim Ratcliffe Foundation after finding that the charity's activities further its purposes and that there is no further role for the regulator".