AN investigation into alleged business links between Charles Green and Craig Whyte faces being delayed after it has emerged that new evidence could be presented to the probe.
• Investigation into alleged links between Charles Green and Craig Whyte faces delay
• Initial indications suggest Green has been cleared of wrongdoing in report
Claims that Craig Whyte has legal rights over Rangers assets following former chief executive Charles Green’s takeover last summer were due to be settled by the report in the next 48 hours.
Whyte maintains that Green was only a front for the takeover. Amid reports that the investigation, compiled by Pinsent Masons, was likely to clear Charles Green of any wrongdoing, Worthingon Group plc - the company acting on behalf of Whyte - wrote to the law firm on May 16 pledging to produce prima facie evidence of links between Green and Whyte. The Surrey-based firm loaned Whyte £3 million from their Jerome Pension Fund prior to the administration of Rangers in February 2012, and have agreed a deal to help Whyte pursue his legal bid.
An email was subsequently sent to the law firm asking for the findings of the report to be delayed until a Letter before Claim on Rangers assets could be issued.
Worthington Group reported Green to the Serious Fraud Office over claims that, amid the £22 million share issue made last December, Green had failed to report that Whyte had contested ownership of club assets.