Craig Whyte will stand trial alone on Rangers fraud charges (adjourned to 29th July)

[Frankie 8,570]

http://stv.tv/news/west-central/1356284-craig-whyte-will-stand-trial-alone-on-rangers-fraud-charges/

 

Four men facing trial over the alleged fraudulent acquisition of Rangers have had all charges against them dropped.

 

Former owner Craig Whyte is now the only man out of the original six accused who faces charges on the lengthy indictment relating to his dealings with the club.

 

Oldco joint administrators David Whitehouse, 50, and Paul Clark, 51, their Duff & Phelps colleague David Grier, and lawyer Gary Withey will no longer stand trial after the allegations against them were thrown out.

 

Whyte, 44, appeared at the High Court in Glasgow on Friday where the Crown Office confirmed the oldco administrators along with Grier and Withey would face no further proceedings. Whitehouse and Clark attended and sat in the public gallery.

 

Former Ibrox chief executive Charles Green, 62, had allegations against him in the case temporarily deserted by a judge at the High Court in Edinburgh earlier this year.

 

Whitehouse and Clark had faced a number of allegations including conspiring with Whyte, Green and former Rangers finance director Imran Ahmad to defraud the club's creditors of funds and assets.

 

It was also alleged in this charge the pair allowed Whyte, Green and Ahmad to acquire the club at "significantly below the true market value".

 

The charge claimed Ahmad paid Clark and Whitehouse an exclusivity fee of £200,000 as the joint administrators of oldco Rangers.

 

The Duff and Phelps pair had also been accused of not disclosing the identity of a "person engaged in money laundering".

 

It was also alleged in the original indictment that Grier together with Whyte, Clark, Whitehouse and Withey, were knowingly parties to "making the administration of the club inevitable" through failure to pay debts, and also used £6m in money from a firm called Ticketus to ensure Duff & Phelps became administrators in order to facilitate the sale back of a debt-free Rangers to Whyte.

 

A further preliminary hearing in the case against Whyte is scheduled to take place at the High Court in Glasgow next month.

Edited June 3, 2016 by Frankie

[ian1964 10,724]

Any twatters there?,Doleman?

[Frankie 8,570]

I assume he will be. Doubt anything important will be reported though - unless there's a dramatic twist.

Edited June 3, 2016 by Frankie

[der Berliner 3,747]

On a semi-related sidenote and since all those in the know probably read on here, when is the next / the Supreme Court EBT hearing scheduled again?

Edited June 3, 2016 by der Berliner

[Frankie 8,570]

[tweet]738643139452231680[/tweet]

[Frankie 8,570]

On a semi-related sidenote and since all those in the know probably read on here, when is the next / the Supreme Court EBT hearing scheduled again?

 

Possibly later this year but perhaps more likely to be early next.

[Frankie 8,570]

[tweet]738644309684170752[/tweet]

[Frankie 8,570]

[tweet]738644856361213952[/tweet]

[BEARGER 1,830]

On a semi-related sidenote and since all those in the know probably read on here, when is the next / the Supreme Court EBT hearing scheduled again?

 

This appeal is not seen as urgent, so looking like next year.

[BlueMazza 0]

Intriguing then. I wonder if it's a plea deal. What does a guilty verdict mean for us, other than vindication on a lot of things?