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Craig Whyte and Charles Green charged after Rangers assets sale probe | |
(about 1 hour later) | |
Former Rangers owner Craig Whyte and ex-chief executive Charles Green have been charged with conspiracy and involvement in serious organised crime. | |
David Whitehouse, from administrators Duff and Phelps, faces the same charges while Mr Green, 62, is also accused of fraud. | |
All three have been granted bail to return to court at a later date. | |
An angry crowd of fans shouted abuse at Charles Green as police escorted him from Glasgow Sheriff Court. | |
The three men were arrested on Tuesday after a police investigation into the sale of Rangers assets in 2012. | |
Another accountant, 51-year-old Paul Clark, who ran the club while it was in administration has also been arrested. | |
Rangers was sold to Craig Whyte by its former owner Sir David Murray in 2011 but entered administration in February 2012 after running out of cash. | |
Mr Whitehouse, 50, who worked at Duff and Phelps, was appointed as joint administrator for the club, along with colleague Mr Clark. | |
When an agreement with creditors could not be struck to allow the club to exit administration, a sale of Rangers' assets to a consortium led by Mr Green was concluded. | When an agreement with creditors could not be struck to allow the club to exit administration, a sale of Rangers' assets to a consortium led by Mr Green was concluded. |
He was at the helm when Rangers were allowed to join the Third Division but stepped down in 2013 following allegations that he was working in conjunction with Mr Whyte, 44. | |