Green reported to Serious Fraud Squad
The announcement was made by the Worthington Group and is believed to relate to the transfer of assets from Sevco 5088 to Sevco Scotland without the knowledge of Craig Whyte.
Worthington’s statement claimed: “During the course of the company’s due diligence process, relating to its purchase of a stake in Law Financial, information has been discovered relating to the conduct of Mr Charles Green and Mr Imran Ahmad, this has today been reported to the Serious Fraud Office.”
It added: “The company notes the announcement made on 22 April 2013 by Rangers International Football Club Plc (“RIFC”) in which, contrary to other recent public announcements and statements by Mr Green and RIFC, RIFC now, five months after the publication of the Admission Document published for its flotation, claim to own Sevco 5088 Ltd.
“We also note today’s announcement by RIFC, and would like to confirm that solicitors, acting for the company and Law Financial, are in a position to provide compelling evidence that Messrs Green and Ahmad received a letter before claim in December 2012, having received previous correspondence, and chose to ignore it.
“In the light of recent public admissions by Mr Green, including his admission that he and Mr Ahmad deceived Mr Whyte, a fresh letter before claim is being prepared against, inter alios, The Rangers Football Club Ltd and Messrs Green and Ahmad. This letter will include additional or alternative causes of action to those already particularised in the December 2012 letter.
“The shares in RIFC purportedly owned by Messrs Green and Ahmad will also be the subject of this claim.”
Rangers International have launched an enquiry into the claims by Whyte which suggests that the company is unsure over it’s own ownership, assets and corporate identity.
Green stepped down as chief executive at Ibrox on Friday but remains the single largest shareholder in the ailing club which reported losses of £1m a month in their unaudited accounts.
Despite the flow of damaging revelations the SFA have only questioned Green on his links to Whyte, a full investigation into those that provided Green’s club with associate membership is likely to shine an uncomfortable light on those who agreed to the secretive five way agreement.