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Craig Whyte's ownership zyhaa629 of Rangers and hisCheap Snapbacks Shop financial management of the club has become subjet to a criminal investigation by Strathclyde Police.Last Kings Snapback HatsThe Crown Office said prosecutors have instructed the force to investigate alleged criminality, following a preliminary police examination of information passed to it in February this year by the club's administrators.
Mr Whyte bought an 85% shareholding Cheap Snapbacks Hatsin Rangers for ￡1 from the Murray Group last May and made several pledges of investment and paying Yankees snapback Hatsoff the club's bank debt.Rangers went into administration on February 14 and were consigned to liquidation earlier this month.The Crown Office said: "The Crown Office has today instructed Strathclyde Police to conduct a criminal investigation into the acquisition of Rangers Football Club in May 2011 and the subsequent financial management of the club.
"The investigation into alleged criminalityCheap tisa Snapbacksfollows a preliminary police examination of information passed to them in February this year by theTisa Snapback HatsYankees 59fifty fitted Hats 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."
Rangers FC was forced into administration through courtCheap Snapbacks free shipping action from HM Revenue and Customs.Immediately after being appointed, administrators Duff and PhelpsTisa Snapback Hats announced that the club failed to pay about ￡9 million in PAYE and VAT since Mr Whyte took over.They also revealed that Rangers paid off Lloyds Banking Group using ￡24.4 million from investment firm Ticketus, on the back of future season ticket sales.
The debt to HMRC was recently listed at around ￡21 million Cheap new era Hats Free shippingin the failed company voluntary arrangement proposal to creditors.Businessman Ymcmb Snapback HatsCharles Green's consortium bought the club's assets for ￡5.5 million earlier this month.Duff and Phelps, who launched civil action relating to the takeover against Mr Whyte's former lawyers, Collyer Bristow, welcomed the development.Mr Whyte has denied any criminality over his takeover.