Official site Statement today

[Guest cail]

Rangers International Football Club plc (â??Rangersâ?) has instructed the law firm Pinsent Masons, supported by forensic investigators from Deloitte, to investigate the connections between Craig Whyte and former and current personnel of Rangers and its subsidiaries.

[SteveC 150]

I can imagine the phress having fun with the "masons" name.

 

I can't see how it will be taken seriously as an investigation if it involves Deloitte. No-one will now believe it is impartial whether it is or isn't.

 

I wish we had some non-involved body investigating everyone: Mint, Muir, Lloyds, D+P, Ellis, Whyte, Green, Zeus, Octopus, Ticketus, Biased, bigoted bloggers, the BBC, the Mhedia, SFA, SPL and all their contacts, lawyers and dodgy deal sub-contractors.

[the gunslinger 3,366]

deloite are greens accountants. the can't clear him. no one will believe them if the do.

 

utter stupidity appointing them.

[foggy dewhurst 0]

let the stockmarket appoint an investigator lets have it out once and for all

[chilledbear 16]

I wonder who in Rangers instructed these firms?

 

Who has the authority with no CEO?

[the gunslinger 3,366]

I also hope it goes much deeper than just this.

[Scott7 6,262]

"I wonder who in Rangers instructed these firms?

 

Who has the authority with no CEO?"

 

The Board has the authority. Wonder if they asked Stockbridge if he knew any good CA firm.

[the gunslinger 3,366]

green probably called a mate at deloite.

[Zappa 0]

You'd think that Deloitte would put their own professional reputation ahead of their client relationship with Green & co. On the other hand, maybe it's precisely because they help dodgy businessmen that they earned over 30 billion dollars last year.

[craig 5,199]

You'd think that Deloitte would put their own professional reputation ahead of their client relationship with Green & co. On the other hand, maybe it's precisely because they help dodgy businessmen that they earned over 30 billion dollars last year.

 

They arent helping solely dodgy businessmen (though I know you are fishing). Deloitte are a very reputable firm. It is almost guaranteed that the investigators will work in a silo from any other group that deal with Green personally, in order to protect the firm's reputation as well as that of the investigation itself.

 

I had it here myself when one of our companies was going through a liquidation (funnily enough). We employ KPMG as our auditors and also used them for the liquidation of one of our companies. It was actually very frustrating having to explain something to the liquidators that you had already, multiple times, explained to the auditors. However, you could tell that they worked independently for the very reason as to prevent conflict of interest.

 

I would like to think Deloitte would do the same - but we can never tell. And it may be for that very reason, that employing a different firm may have been wiser - even so, undoubtedly, somebody would have found a tenuous link between whichever firm was hired.

 

I dont believe they "earned" over 30 billion last year - unless by "earned" you mean revenues. My perception of "earned" is profit, not revenue.