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Craig Whyte and Charles Green charged after Rangers assets sale probe | Craig Whyte and Charles Green charged after Rangers assets sale probe |
(35 minutes later) | |
Former Rangers owner Craig Whyte and ex-chief executive Charles Green have been charged with conspiracy and involvement in serious organised crime. | 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. | David Whitehouse, from administrators Duff and Phelps, faces the same charges while Mr Green, 62, is also accused of fraud. |
An angry crowd of fans shouted abuse as police escorted them from Glasgow Sheriff Court. | |
All three have been granted bail to return to court at a later date. | All three have been granted bail to return to court at a later date. |
The three men were arrested on Tuesday after a police investigation into the sale of Rangers assets in 2012. | 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. | 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 for a nominal sum of £1. | |
But it entered administration in February 2012 after running out of cash. | |
Mr Whitehouse, 50, who worked at Duff and Phelps, was appointed as joint administrator, 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. | 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. |
Charles Green was shielded by a phalanx of police officers when he left by the front door of the court at around 15:30. | |
A group of around 20 supporters shouted and tried to jostle the former Sheffield United chief executive. | |
Mr Whitehouse left the court to equally angry scenes around 20 minutes later | |
Craig Whyte, 44, then made his exit just before 19:00 and was met by another angry crowd. | |
The trio have been charged under Section 28 of the Criminal Justice Licensing Act 2010 which covers serious organised crime offences. They have also been charged with conspiracy. | |
In addition Mr Green has been charged with fraud and also an offence under Section 190 of the Companies Act 2006. |