Whyte’s Rangers Takeover Under Investigation

Craig Whyte’s takeover of Rangers last May is to be investigated by the Crown Office.

Mr Whyte purchased an 85% stake in the club from Sir David Murray for just £1, but now the Crown Office has confirmed its investigation into “alleged criminality”.

The statement, released on Monday, confirms that the decision to open proceedings follows an inspection of financial files, which they received from administrators Duff and Phelps.

The Crown Office statement read: “The investigation into alleged criminality follows a preliminary police examination of information passed to them in February this year by the club administrators.

“The Procurator Fiscal for the West of Scotland will now work with Strathclyde Police to fully investigate the acquisition and financial management of Rangers Football Club and any related reports of alleged criminality during that process.”