Crown Office drops Rangers fraud case

Originally, 15 charges in the Rangers case had covered fraud and conspiracy surrounding Craig Whyte’s purchase of Rangers from Sir David Murray for £1 in 2011 and the buying of the club’s liquidated assets for £5.5 million by the Sevco consortium four months after the business fell into administration in February 2012.

Only Mr Whyte ever faced trial as a result of the case but he too was convicted of no crime in relation to his takeover of the club.

Among the charges against Mr Green, 64, was an allegation that he appropriated for his own use and purposes the sum of £5.5 million that he had obtained by fraud and that he purchased the “business and assets of the club through its corporate entity Sevco Scotland Limited with money provided by investors to Sevco 5088 Limited without their knowledge and agreement.”

However, this week’s announcement brings to an end the Crown Office’s interest in the case.

A spokesman said: “Crown counsel has considered the matter and instructed no further action on the basis there is now no evidence of a crime.”