Ex-Rangers administrators David Whitehouse and Paul Clark in £21m settlement

[CammyF 8,131]

44 minutes ago, Bill said:

There are no independent enquiries in Scotland. That's the whole point.

Was there not talk if bringing in an inquiry team from England? 

[Bill 13,717]

2 hours ago, CammyF said:

Was there not talk if bringing in an inquiry team from England? 

All sorts of thing float around in the ether but I'm not aware of any serious proposals like that. Maybe others can help.

[CammyF 8,131]

23 minutes ago, Bill said:

All sorts of thing float around in the ether but I'm not aware of any serious proposals like that. Maybe others can help.

I'm sure wee Nippy even mentioned it when quizzed at FM questions due to the financial implicaions and the failed prosecutions and layouts have cost. Nevermind the implications on the judicial system. 

[Uilleam 5,948]

...............and here is the good news:

 Charles Green trousers £6.3M+ of public monies, in a settlement from the Crown Office.

Oh, and legals, too. 

 

Ex-Rangers executive Charles Green wins over £6m from Lord Advocate in malicious club fraud prosecution

By Martin Williams  @MWilliamsHTSenior News Reporter

UPDATED

Ex-Rangers executive wins over £6m from Lord Advocate in malicious club fraud prosecution

   

https://www.heraldscotland.com/news/homenews/19503046.ex-rangers-executive-charles-green-wins-6m-lord-advocate-malicious-club-fraud-prosecution/

 

FORMER Rangers chief executive Charles Green has won over £6m from the Lord Advocate in a settlement over his £20m claim for being wrongfully prosecuted in the club fraud case.

Details of the settlement came as an eight day hearing to judge the amount of damages was about to take place.

Garry Borland QC for Mr Green said the settlement from Lord Advocate James Wolffe came overnight and that the former Rangers executive was "content to accept it".

He said settlement came in the form of a judicial tender in the amount of £6,393,046 pounds plus Mr Green's legal costs.

It emerged during an earlier hearing that Police Scotland were no longer being sued as part of the action brought by Mr Green. No reasons were given as to why this was the case.

 

The 67-year-old businessman was arrested with several other men following a police probe into alleged fraud relation to the sale of the current Scottish champions to businessman Craig Whyte.

Mr Green, whose Sevco consortium, bought the assets of the club business in liquidation nine years ago for £5.5m was due to receive compensation after Crown lawyers accepted he was subjected to a malicious fraud prosecution.

Mr Green was told three years ago they would face no further proceedings in connection with the case as prosecutors said there is "now no evidence of a crime".

The decision by the Crown Office had marked the end of the two-and-a-half-year long proceedings which saw only Craig Whyte face trial and led to no convictions.

Part of Mr Green's claim related to losses made from two businesses after he was prosecuted.

The Lord Advocate has previously made a public apology to Mr Green as the damages case was due to be progressed.

Mr Green's solictor Greg Whyte of Jones Whyte LLP said: "Mr Green is today relieved to settle his claim for malicious prosecution.  He looks forward to putting the last six years behind him and moving on with his life."

 

Mr Green is today relieved to settle his claim for malicious prosecution.  He looks forward to putting the last 6 years behind him and moving on with his life.   – Greg Whyte, Jones Whyte LLP.

 

A full hearing in his £20m damages claim over wrongful arrest to decide how much should be awarded was due on Monday.

But Mr Borland said: "Mr Green was the victim of an egregious wrong at the hands of prosecuting authorities and the proof this morning was fixed to deal with the quantification of his claims against the Lord Advocate.

"Last night the Lord Advocate, made an offer to settle this case, in the form of a judicial tender in the amount of £6,393,046 plus payment of Mr Green's legal costs to date.

"That offer of settlement by the Lord Advocate was made overnight.

"I took instructions this morning and Mr Green is content to accept that settlement offer.

"And I therefore move the court this morning to grant decree in favour of Mr Green.

He added: "In conclusion, my lord at this stage, it will be for the public enquiry, to examine how this malicious prosecution of Mr Green could possibly have been allowed to happen. But at this stage, I would simply thank this court for its handling of these civil proceedings."

Lord Tyre said: "Obviously, from my part, I'm happy that the case was settled. I could grumble about the fact that it took until the morning of the proof and therefore, it would have saved me obviously some work if this had happened last week, but in the circumstances I shall refrain from doing so."

Gerry Moyniham QC, for the Lord Advocate James Wolffe said: "There is no opposition to what my learned friend has made by way of motions, and it's not appropriate for me to add anything, or comment.

Mr Moynihan said at an earlier hearing that more information was needed about the financial losses relating to Mr Green.

He said one of the issues in the cases related to the amount of damage that was done to a company both men had been involved with called Proton International. There was further information needed on damage done to a firm Mr Green had been involved with, Florida-based firm called Croton.

Mr Moynihan said Mr Green’s legal team had submitted a report written by staff members of international financial services company KPMG about the financial losses.

Mr Whyte, who ended up being the last man standing in the long-running case, was cleared in the summer of 2017 of all charges in connection with his takeover of seven years ago.

The cases brought by Mr Green come in the light of admissions made by the Crown in another case brought by businessmen David Whitehouse and Paul Clark. 

Prosecutors admitted Mr Whitehouse and Mr Clark were wrongfully arrested and prosecuted and the two men sought a total of £20.8 million from the Crown Office and Police Scotland.

 But they later settled their action with each of them receiving £10.3 million each - their legal bills, thought to be worth £3 million each, were also paid for. 

 

[the gunslinger 3,366]

makes me sick seeing him profit from what he did to us. 

[compo 7,055]

We can criticise Green but he seen a business opportunity and took it,   it wasn't his fault he was wrongfully prosecuted, personally think he settled to soon he should have held out for more. 

[Bill 13,717]

I find it childish to criticise Charles Green for suing for wrongful arrest and prosecution, which have nothing to do with anything he did in his official capacity at Rangers.

[der Berliner 3,749]

6 minutes ago, Bill said:

I find it childish to criticise Charles Green for suing for wrongful arrest and prosecution, which have nothing to do with anything he did in his official capacity at Rangers.

Indeed. Yet, it makes you sick that Whyte could do what he did (despite being chased by HMRC when he entered Britain and walked along Edmiston Drive) and still walks along de facto free.

[compo 7,055]

48 minutes ago, der Berliner said:

Indeed. Yet, it makes you sick that Whyte could do what he did (despite being chased by HMRC when he entered Britain and walked along Edmiston Drive) and still walks along de facto free.

What's the odds that Whyte's looking at making a claim. ?

[RANGERRAB 3,680]

I don’t think Green or the D&P two will see any of their compensation if BDO get their way