Police launch raids over Craig Whyte’s Rangers deal
POLICE have carried out a series of raids of properties in Scotland and England relating to Craig Whyte’s purchase of Rangers from Sir David Murray.
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.”
Mr 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.