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Appearing on Monday's edition of the E4 spinoff show, the former EastEnders actress caused offence while discussing Thai housemate Kathreya Kasisopa in an interview with host George Lamb.
"I was a big fan of Kat, and we would discuss it amongst our friends and they said she is not right," Richard explained. "I looked at her through different eyes, and I have to admit they were right and I was wrong.
"She is fake, and she is very cute. What is it they say about these inscrutable Chinese? And she is Thai, but it is all Oriental isn't it? Well it is to me anyway."
Lamb responded: "I don't think that is unique to Asian people, more to Kat."
Richard then added: "They don't betray their emotions on their face, that is what I meant."
Her comments were cut when the programme was broadcast again on timeshift channel E4+1, as well as on subsequent repeats.
TV watchdog Ofcom confirmed that complaints had been received, adding: "We will be looking into them in due course."
A spokesman for Channel 4 said: "BBLB does go out live, George Lamb did correct her that her comment was not specific to Asian people but to Kat."
Meanwhile, Richard's spokesman Kevin Francis criticised the reaction to her remarks. He insisted: "Wendy would have not intended the comments that way, she is not racist at all. To be very honest with you, I think it has been blown out of all proportion."
