In one way it is such a logical conclusion of what she started, that you cant help but laugh at the idea she was forced out was because she wasn't transgender.
If one wanted to be "charitable" you would have thought all of those who think trans people's rights are not respected, would have given her some slack for having been such a prominent campaigner on their behalf.
But on the other hand this article, and a short piece I read elsewhere only confirms what I have thought that the investigation is about Governance, ie all they did you correctly identify where money come from and where it went, are there conflicts of interest.
And this seems to be what their internal report has suggested, that someone who has started this organisation has continued to treat it as hers, without realising she has created something out of reach of one individual.
I am happy to be proved wrong, but I think any idea that the CC is investigating the ethical concept of the policies promoted by Mermaids re transing children is gong to be disappointed.