chilledbear 16 Posted September 12, 2014 Share Posted September 12, 2014 http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=12081166 Rangers have agreed formal terms of settlement with former Commercial Director, Imran Ahmad regarding his current court action. The sum agreed is significantly less than the total amount which Mr Ahmad had been granted permission to arrest. As part of the settlement terms Mr Ahmad has agreed to refrain from arresting funds in Rangers' bank account or in the hands of others pending the formal removal of the case from court. No such arrestment will now take place. The case will be formally taken out of court in the next few days. For further information please contact: Rangers International Football Club plc Graham Wallace / Paul Tyrrell Tel: 0141 580 8647 Daniel Stewart & Company plc Tel: 020 7776 6550 Paul Shackleton / David Coffman Newgate Threadneedle Tel: 020 7148 6143 Roddy Watt / John Coles 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted September 12, 2014 Share Posted September 12, 2014 So we have paid him out? 0 Quote Link to post Share on other sites More sharing options...
fitbaliketheolddays 0 Posted September 12, 2014 Share Posted September 12, 2014 Aye GS - how much of the £630k is gone? Chuckles/p*ki pal fooked us again 0 Quote Link to post Share on other sites More sharing options...
Rangersitis 0 Posted September 12, 2014 Share Posted September 12, 2014 Probably £619,950. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,665 Posted September 12, 2014 Share Posted September 12, 2014 I suppose it's good news in that the issue has now been solved. However, it will be another six figure sum lost from the accounts. Time for Mr Ahmad to reinvest it in the open offer? 0 Quote Link to post Share on other sites More sharing options...
Super Cooper 0 Posted September 12, 2014 Share Posted September 12, 2014 How little does that leave in the bank now then? A few hundred grand? 0 Quote Link to post Share on other sites More sharing options...
fitbaliketheolddays 0 Posted September 12, 2014 Share Posted September 12, 2014 Probably £619,950. With 2 days High Court battle (even this last of the 3 rounds) call it an even £700k!!!! 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted September 12, 2014 Share Posted September 12, 2014 The agreement is in respect of the current court action only? Does that mean he is still suing us for the rest of the cash, but the only difference now is that he isn't arresting any of our funds? 0 Quote Link to post Share on other sites More sharing options...
Stimpy 0 Posted September 12, 2014 Share Posted September 12, 2014 Reprehensible. 0 Quote Link to post Share on other sites More sharing options...
fitbaliketheolddays 0 Posted September 12, 2014 Share Posted September 12, 2014 The agreement is in respect of the current court action only? Does that mean he is still suing us for the rest of the cash, but the only difference now is that he isn't arresting any of our funds? Please re-read the statement - my belief is that we've paid him off and for an an undisclosed amount less than the total he claimed. That sum pbobably carries a silence order on it to shut him up. 0 Quote Link to post Share on other sites More sharing options...
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