'Absolutely no evidence of financial fraud' at Peter McVerry Trust, says founder

Fr Peter McVerry had claimed that the issue happened because his charity had tried to help too many people. Picture: Gareth Chaney/ Collins 

The founder of the Peter McVerry Trust has said there is "absolutely no evidence of financial fraud or misappropriation of funds" after an inspector was appointed to look into the serious financial issues within the charity. 

In July this year, the homeless charity had informed the Department of Housing it was facing serious cashflow problems. Accountancy firm PwC was then appointed to carry out a financial and governance review of the trust, following concerns.