Police launch raids over Craig Whyte’s Rangers deal
Whyte bought the club for £1 in 2011 while a large tax liability was in dispute. The club went into administration less than a year later and was liquidated when Her Majesty’s Revenue and Customs (HMRC) rejected a Company Voluntary Arrangement over a tax bill.
Charles Green later re-formed the club after purchasing its
assets from Whyte.
A Police Scotland spokeswoman said: “Officers have carried out a number of searches at addresses in Scotland and England. These related to both domestic and business premises. This remains an ongoing investigation, and no further information can be provided.”
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Hide AdMr Whyte was ordered to pay £18 million to the finance firm Ticketus after he lost a claim against him at the High Court in London yesterday.
The firm, which provided nearly £27m to help the businessman purchase Rangers two years ago, said it had also been awarded interest and costs.