Ex-Rangers FC boss Charles Green lost cash from two companies after arrest
Former Rangers chief executive Charles Green says he lost cash from two companies after being arrested in a doomed probe about alleged fraud at the club. The claim emerged during a case yesterday where the businessman is seeking compensation for being wrongfully prosecuted. Advocate...
Former Rangers chief executive Charles Green says he lost cash from two companies after being arrested in a doomed probe about alleged fraud at the club.
The claim emerged during a case yesterday where the businessman is seeking compensation for being wrongfully prosecuted.
Advocate Gerry Moynihan QC – who is acting for Scotland’s most senior prosecutor, L ord Advocate James Wolffe QC – has succeeded in a bid at the Court of Session yesterday to have a senior judge rule on whether Green, 67, has supplied enough information to solicitors about money he allegedly lost.
Mr Moynihan was speaking during a procedural hearing involving actions brought against the Lord Advocate and Police Scotland by his client and by Imran Ahmed, a former Rangers director.
While the Lord Advocate has apologised and has promised to pay damages to the two men, Police Scotland continue to deny liability.
Green was part of a consortium which acquired the business assets of Rangers in 2012 and later became the club’s chief executive officer – he stepped down the following year.
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In 2015, Green and five others, including Imran Ahmad, were charged with serious organised crime offences in relation to the acquisition of the club.
Earlier this year, lawyers for Green said their client had experienced a “damaging, traumatic and stressful life event” as a consequence of being arrested.
The Lord Advocate apologised and told Green that he was entitled to damages for the wrongful prosecution.
Yesterday, Lord Tyre heard that the only outstanding matter between the Lord Advocate and Green was one involving the “quantification” of damages.
The hearing involving Green will be heard next month on a date which has yet to be arranged.
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