Monday's Record

[forlanssister 3,114]

C'mon gunslinger nip down to the garage and post page 6

 

[Jim1955 12]

It could get really interesting now.

[tango 0]

Wrong paper

 

But brightened my morning up:)

[foggy dewhurst 0]

now back to things more normal mr whyte the net is closing cant wait until the man is brought to justice .

[Frankie 8,684]

Please do not post images that are unsafe for work in the main forum.

[Bluedell 5,723]

And what's the story on Longmuir? I'm guessing this is the campaign to give Doncaster the job?

[Frankie 8,684]

No chance of Longmuir getting the job and, to be honest, I hope he doesn't - even if he'd maybe be better than Doncaster from our point of view.

 

Better someone else entirely but I doubt we'd be able to influence that appointment in any case.

[biggordy 0]

Longmuir seems a decent kind of chap while Doncaster is simply a complete and utter twat.

So, no prizes for who will be the top banana then, Doncaster by a country mile!

[ian1964 10,780]

Rangers takeover probe deepens as fraud investigators find new evidence against disgraced ex-Gers owner Craig Whyte

1 Jul 2013 06:52

 

SENIOR figures involved in the deal which saw Whyte take over at Ibrox two years ago have been interviewed by the Insolvency Service and the probe is the surest sign yet that he will face criminal charges.

 

 

 

GOVERNMENT fraud investigators are probing Craig Whyte’s takeover of Rangers.

 

Officials from the Insolvency Service believe they have found clear evidence of fraud by the disgraced businessman.

 

The investigators have been interviewing senior figures involved in the Ibrox deal.

 

The probe is the surest sign yet that Whyte will face criminal charges and a lifetime’s ban from being a company director.

 

A source said: “The Insolvency Service are raking over every bit of paperwork they can find.

 

“They have been in Scotland for a month or so and are working their way around anyone who may have any information about Whyte’s way of working.

 

“The main issue is fraud – and they are taking it very seriously indeed.”

 

The Insolvency Service, who are part of Business Secretary Vince Cable’s department, have wide-ranging powers to uncover “serious misconduct, fraud, scams or sharp practice” in the way a company operates.

 

Senior club figures past and present have been interviewed or are expected to be interviewed in the coming week.

 

The investigation is separate from a police inquiry into Whyte’s affairs.

 

The Insolvency Service are focusing on the £18million which Whyte used to buy Rangers.

 

He had sold three years’ worth of season ticket sales rights to finance house Ticketus to enable the deal.

 

The investigation will also scrutinise Whyte’s failure to disclose he had been barred from holding company directorships for seven years.

 

The service have the power to apply to the courts for a lifetime ban on Whyte ever being a director

of any company in the British Isles.

 

A central part of Whyte’s agreement to buy Sir David Murray’s majority shareholding in the club for £1 was that Whyte would clear Rangers’ £18million debt to Lloyds Banking Group.

 

But he could only do that with the Ticketus money.

 

Under company law, insolvency practitioners – in Rangers’ case Duff and Phelps – are required to report to the Secretary of State within six months of a firm going bust.

 

Normally, these reports are routine.

 

But in Whyte’s case, high-level discussions have been held by Cable’s officials about whether criminal misconduct has occurred. As a result, the current investigation was launched.

 

Last night, Rangers said they had “no idea” about the Insolvency Service probe.

 

Evidence of criminal behaviour unearthed by the Insolvency Service can be passed to prosecuting authorities in Scotland and London.

 

A spokesman for the service said: “We have powers to investigate UK registered companies. On receipt of reports alleging matters of unfit conduct by the directors, the Secretary of State will decide whether it is in the public interest to commence an investigation with a view to seeking the disqualification of the directors.”

 

The investigation is the latest headache for Whyte, 42.

 

A warrant was issued for his arrest after he twice failed to arrive for the trial of his two former housekeepers at Inverness Sheriff Court.

 

And an English court have ordered him to pay £17.7million to Ticketus.

 

In a separate development, Rangers confirmed a “review” of jobs is being carried out, although they said there was no programme of redundancies.

 

http://www.dailyrecord.co.uk/sport/football/football-news/rangers-takeover-probe-deepens-fraud-2014769

[der Berliner 3,885]

I long the day when the media will finally accept and say that Rangers FC was the victim of a criminal and was wrongly handled by authorities and media alike. I wonder which journo will turn that coat first ...