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Whyte’s court appearance set to spill the beans on Ibrox shambles

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traynor-whyteCraig Whyte is ready to lift the lid on EVERY detail of the Ibrox farce.

The former billionaire is due to appear in court today with his lawyer warning that he has accumulated more evidence than the Lockerbie enquiry.

Charles Green’s appearance at Livingston Police Station yesterday through the issue back into the spotlight with Whyte reporting to Govan Police Station later in the day. Dave Whitehouse of administrators Duff & Phelps was also arrested and is expected in court this morning.

Formal charges could provide a body blow to the current company run by Dave King in exile with the trail going back to Dave Murray who sold the club to Mr Whyte for £1 in May 2011 to scenes of rejoicing across darkest Lanarkshire, Ayrshire and Govan.

Today’s charges will reveal the precise extent of the police investigation but with the Charlotte Fakes twitter account revealing Mr Whyte’s habit of recording every conversation there will be no shortage of evidence to support the former billionairre’s case.

Last night Paul Kavanagh, Mr Whyte’s lawyer, revealed: “Craig is surprised to have been asked to come in, but he has been happy to do so.

He has attended voluntarily and will answer any questions put to him, just as he has done in the past.

At the moment he genuinely doesn’t know what the police want to speak to him about, though clearly it is in connection with Rangers.

All I can say at this point is that my client is keen for this case to be heard so he can clear his name and show that he hasn’t done anything wrong.”

Kavanagh added: “I think this is going to be one of the biggest cases we have ever seen, certainly in the last 30 years or so.

In terms of the amount of material and the depth of that material, it could be bigger than Lockerbie. It obviously isn’t as important as Lockerbie, but it is huge in terms of the amount of information.

“I now have 100,000 sheets of paper sitting in the office containing all the information that has been disclosed by the Crown. There is an enormous amount of information that has been gathered in terms of witness statements and other data.

“My client is confident however that he has done nothing wrong and he wants Rangers fans to see that. So he is keen for things to progress as quickly as possible and answer the questions put to him.”

With the £5.5m asset sale engineered between Duff and Phelps likely to be at the centre of proceedings the whole future of the Sevco project could be at risk. That deal was done between Duff & Phelps and Sevco 5088, Mr Green is then believed to have transferred the assets to Sevco Scotland cutting out Mr Whyte.

Within weeks of that deal Mr Green was claiming that the new company had assets of over £80m while HMRC and hundreds of other creditors were left out of pocket.

The current operation from Ibrox remains without a line of credit other than crisis loans from shareholders, has no nominated adviser, no exchange for share trading while the accounts to 30 June 2015 are likely to carry a going concern warning should an auditor be found to take over from Deloitte.

Court action is likely to make for uncomfortable viewing for Neil Doncaster and Stewart Regan who created the secretive five way agreement with Mr Green and David Moorhouse of Duff and Phelps to parachute the new club into the league set up.

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0 comments

  • SeanBhoy says:

    HA HA HA ….LOVE IT ….A CLUB RUN BY CHEATS FOR CHEATS ……GREAT TO SEE THIS LOT DRAGGING SLAVECO THROUGH THE SH!T

  • Monti says:

    Why has David Murray not had a knock at his door from the Police?

  • Green says:

    The assests being moved to defraud the creditors will be what gets them , by the end of this Ibrox won’t belong to them and ticketus will claim the season ticket money . Wait for a defence based on them not being the same club !

    • irishguy says:

      @ Green……………

      If it is as you say, then that defence cannot be used as the New Club will be deemed Illegal. All assets will be returned to C W which in turn will then be seized by BDO to pay off creditors. The SFA will have several resignations and will also have to revoke the license of Newco.

      HAVING BROKEN THE RULES OF THE 5 WAY AGREEMENT

      ( Re CW + other breaches, the Newco will be thrown out of the Scottsh Leagues ).

      That is how it should be done, with Honesty & Integrity .

      We wait with bated breath to see how it is actually handled.

  • David Heron says:

    This is Scotland’s Shame. Of all it’s turbulent history this ranks as one of the worst moments

    • Althetim says:

      This is Scotlands shame. Of all its turbulent history this ranks as one of the funniest moments.

      There, fixed that for you David.

      HH

  • Hugh Burns says:

    Dear oh Dear, At last they have caught up with the fraudsters. When proven guilty of obtaining servco fraudulently then those who bought it also registered it with the S.F.A. fraudulently so what will the geeks at the sfa do now? Easy answer –they change their rules to save servco once again. !! If and when they are proven fraudsters then servco must be thrown out forever! Once again their arrogance is unbelievable. Put them down forever!

  • Tommybhoy1888 says:

    Call me an auld romantic, but you can`t help but like this guy Craig Whyte.

    Whit`s he like

    🙂

  • Franny says:

    maybe the secret 5 way agreement will finally see the light of day through this action?

  • wulz says:

    Wonder you’ll be the judge ?
    If it’s LNS don’t be surprised if,
    Craig Whyte gets the death penalty,
    Charles Green gets life (never to be released ),
    Liquidation day gets scrubbed, as it never really happened,
    Doncaster and Regan get knighted,
    The huns get millions cause the truth hurts
    Celtic must start in division 3 next year,cause that’s only fair,
    Neil Lennon gets barred from Scotland cause he’s got ginger hair.
    With LNS you never no !
    HH

  • Alan in Thailand says:

    As someone with next to no expertise in financial matters (just ask my wife…), can anyone shed any light on the implications on the club/holding company vehicle, etc. in terms of share issues, NOMADS, auditors, investors, etc., etc., etc?

    If this drags through the courts for a couple of years is there any chance of anyone other than an utter imbecile (i suppose that opens it up for all of the zombies right enough) touching Sevco with a very long barge pole?

  • kingsnake says:

    Chuckles Green’s French hoose must stay open!

  • ROSCOBHOY says:

    Everything around Ipox stinks so much I just saw 2 skunks coming out the front door holding their noses . GIRFUT TAL

  • drawkcab says:

    GREEN
    WHYTE
    (comedy)GOLD

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