SteveC 150 Posted November 14, 2014 Author Share Posted November 14, 2014 Curiously, that paragraph has since been removed from the end of the article 0 Quote Link to post Share on other sites More sharing options...
buster. 5,184 Posted November 14, 2014 Share Posted November 14, 2014 Curiously, that paragraph has since been removed from the end of the article Originally Posted by forlanssister It seems the documents claim has been removed from the article, but that doesn't mean it isn't true as I've seen Forsyth having to amend articles before then subsequently the deleted part has been proven correct. Tend to think what you suggest will be the case here. IIRC Roddy has shown before to have good sources when it comes to the investigative authorities in and around our soap opera. 0 Quote Link to post Share on other sites More sharing options...
The Real PapaBear 0 Posted November 14, 2014 Share Posted November 14, 2014 I don't think there is a mechanism for doing that, however I wouldn't entirely rule out though the possibility of the liquidators being able to repay all debts and perhaps a surplus left for distribution to shareholders though the possibility of such an outcome is extremely slim. There are still probably many,many years of litigation to come. That's for damned sure. One thing you'll never see is a lawyer in a hurry. 0 Quote Link to post Share on other sites More sharing options...
pete 2,499 Posted November 14, 2014 Share Posted November 14, 2014 I don't think there is a mechanism for doing that, however I wouldn't entirely rule out though the possibility of the liquidators being able to repay all debts and perhaps a surplus left for distribution to shareholders though the possibility of such an outcome is extremely slim. There are still probably many,many years of litigation to come. Maybe be worth the RST and Rangers first banking their money instead of buying shares in this mob though. 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted November 15, 2014 Share Posted November 15, 2014 sorry, I see it is on another thread already - admin please delete Transfer it to here, it merits it's own thread. We'll just leave the threads as they are. No point confusing matters any further! 0 Quote Link to post Share on other sites More sharing options...
buster. 5,184 Posted November 15, 2014 Share Posted November 15, 2014 We'll just leave the threads as they are. No point confusing matters any further! And some think they might reverse the Green&Co purcahase of assets and the CW takeover 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted November 16, 2014 Author Share Posted November 16, 2014 An interesting sentence in the Herald (enough for them to make it the headline of an article of which the rest is about something else): "The Sunday Herald can reveal that a report sent to the *procurator fiscal in Glasgow over the affair before the detentions related to alleged "incidents" between *January 2010 and November 2012, a period which covers over a year before Craig Whyte took the reins at Rangers but also up to five months after the Charles Green consortium bought the assets." 0 Quote Link to post Share on other sites More sharing options...
buster. 5,184 Posted November 16, 2014 Share Posted November 16, 2014 An interesting sentence in the Herald (enough for them to make it the headline of an article of which the rest is about something else): "The Sunday Herald can reveal that a report sent to the *procurator fiscal in Glasgow over the affair before the detentions related to alleged "incidents" between *January 2010 and November 2012, a period which covers over a year before Craig Whyte took the reins at Rangers but also up to five months after the Charles Green consortium bought the assets." Interesting to see that the date goes so far back regards alleged "incidents". We now have to be careful what we say because of the sub judice/contempt of court rules on what is termed 'live proceedings' (LP). They became LP once the arrests were made. Defence lawyers would gratefully accept examples of such. 0 Quote Link to post Share on other sites More sharing options...
the gunslinger 3,366 Posted November 16, 2014 Share Posted November 16, 2014 Covers the IPO then 0 Quote Link to post Share on other sites More sharing options...
SteveC 150 Posted November 16, 2014 Author Share Posted November 16, 2014 FULL ARTICLE btw: POLICE who detained four men investigating the alleged fraudulent *takeover of Rangers by Craig Whyte are also probing events before and after the purchase of the club by the consortium headed by former chief executive Charles Green. Three of the four held by police are David Grier, Paul Clark and David Whitehouse from Duff & Phelps, the company that was appointed administrators after the business fell into insolvency under the reign of Whyte from May 6, 2011 to February 14, 2012. Clark and Whitehouse, who were appointed as joint administrators, are alleged to have negotiated the purchase by Charles Green's Sevco consortium of Rangers assets in June 2012 with £5.5 million, believed to be in the form of a loan. The Sunday Herald can reveal that a report sent to the *procurator fiscal in Glasgow over the affair before the detentions related to alleged "incidents" between *January 2010 and November 2012, a period which covers over a year before Craig Whyte took the reins at Rangers but also up to five months after the Charles Green consortium bought the assets. Of the five identified in the report, Whyte is the only one not yet detained. A warrant has been issued for his arrest and he is believed to be abroad. Green is not one of the five named in the report. Whyte is alleged to have completed the purchase of the club by selling off the rights to three years of Rangers season tickets to London-based agency Ticketus to raise £24m. It is believed that most of that was used to pay off the club's £18m debt with Lloyds Banking Group, a condition of the club sale. In October last year, Rangers' auditors Deloitte flagged up Whyte's legal battle over ownership, saying it was a key uncertainty hanging over the Ibrox business. Rangers have consistently said Whyte's claims have no merit. Duff & Phelps was at the centre of a misconduct and conflict-of-interest probe by the Insolvency Practitioners Association after complaints about its appointment as Rangers administrators. But in June 2012, the IPA cleared them after a "thorough investigation" which concluded the company had "complied with the relevant guidance". The former Rangers administrators said three of their staff were held for questioning over work done while they were employees of MCR Partners, before its takeover by Duff & Phelps in October 2011. Duff & Phelps spokesman Marty Dauer said: "We believe that our work for Rangers was conscientious, thorough and properly performed in every respect. Duff & Phelps has actively co-operated with all relevant investigating authorities throughout this process. In addition, we have provided thorough reports on our role in the administration of Rangers Football Club to the Court of Session and the Insolvency Practitioners Association." http://www.heraldscotland.com/news/home-news/rangers-police-probe-events-after-green-took-over-at-club.25885297 0 Quote Link to post Share on other sites More sharing options...
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