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Former Glasgow Rangers Owner Arrested Over ‘Fraudulent’ Buyout of Club from Liquidation

Written by: Keith Tully

Rangers corner flagA former owner of Glasgow Rangers has been arrested following a police investigation into the buyout of the Scottish football club from liquidation in 2012.

Craig Whyte is to be charged in connection with what police have described as “an alleged fraudulent acquisition of Rangers FC in 2012”.

Whyte owned the famous football club when it entered administration and was liquidated in 2012. He has been arrested along with Charles Green, who took over the running of the club from Whyte and became its chief executive.

A third man being charged in relation to the matter is David Whitehouse, who was managing director of the company that helped Rangers proceed into administration and liquidation.

Lawyers representing Whyte after his arrest said: “Craig is surprised to have been asked to come in, but he has been happy to do so. At the moment he genuinely doesn’t know what the police want to speak to him about, though clearly it is in connection with Rangers.

“All I can say at this point is that my client is keen for this case to be heard so that he can clear his name and show that he hasn’t done anything wrong.”

All three men arrested in recent days were brought to court on Wednesday September 2nd and charged with conspiracy and involvement in serious organised crime.

They were all granted bail but not before their arrival at Glasgow Sheriff Court was met by an angry crowd of Glasgow Rangers supporters.

Fraudulent activity in the context of asset sales and the liquidation process are understood to be at the centre of the case which looks set to be one of the most high profile legal cases in Scotland over the past several years.

In fact, the Daily Record reports Craig Whyte’s lawyer Paul Kavanagh as saying he expects the case to be one of the biggest in Scottish legal history.

“I think this is going to be one of the biggest cases we have ever seen, certainly in the last 30 years or so,” he is quoted as saying. With 100 offices across the UK, you’re never far away from expert and confidential advice.

Keith Tully

Keith Tully

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Keith has been involved in Business Rescue since 1992, during which time he’s worked for both independent and national firms. His specialties include company restructuring matters and negotiating with HMRC on his clients behalf.

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