The Law is taking its course. Skysports - Former Rangers owner Craig Whyte among seven served indictments
Interesting point here, CG asking Rangers to cover his legal costs as 'an officer of the Club', when the charges cover his 'alleged fraudulent acquisition' of the Club. Skysports - Rangers to resist Charles Green's demand for legal costs
Apparently CG has liability insurance for his time at Rangers, Ciaran, but. Under those terms CG could make a claim regarding his time at the Club, which is when he could have incurred liability in respect of his time at Rangers, but the charges cover his acquisition of the Club. I read that as being before his time at the Club, so would be outside the terms of his liability insurance.
4.1.2.8 Directors’ liabilities Subject to companies legislation, every director and former director shall be indemnified by the Company against any liability attaching to him in connection with: (a) civil or criminal proceedings in relation to the Company or an associated company (other than a liability incurred in defending proceedings brought by the Company or an associated company in which final judgment is given against the directors); (b) criminal proceedings in relation to the Company or an associated company (other than a fine imposed in such proceedings, or a liability incurred in defending proceedings in which the director is convicted and the conviction is final); (c) regulatory action taken by or a regulatory investigation by a regulatory authority in relation to the Company or an associated company (unless a sum is payable to a regulatory authority by way of a penalty in respect of non-compliance with any requirement of a regulatory nature (however arising)); (d) any application for relief: (i) under sections 144(3) or (4) of the 1985 Act or 661(3) or (4) of the 2006 Act (power of court to grant relief in case of acquisition of shares by innocent nominee), or (i) sections 727 of the 1985 Act or 1157 of the 2006 Act (general power of court to grant relief in case of honest and reasonable conduct), unless the court refuses to grant the director relief, and the refusal of relief is final; or (e) civil proceedings in relation to an occupational pension scheme of which the Company is a trustee in respect of liability incurred in connection with the Company’s activities as a trustee of the scheme (other than a fine imposed in criminal proceedings, a sum payable to a regulatory authority by way of a penalty in respect of non-compliance with any requirement of a regulatory nature (however arising) or a liability incurred in defending proceedings in which the director is convicted and the conviction is final). 4.1.2.9 Insurance The directors may purchase and maintain insurance for a person who is, or was at any time, a director, officer or employee of the Company, any company within the Group or, any other body in which the Company is or has been interested of the Company against any liability incurred by such persons in respect of any act or omission in the actual or purported execution or discharge of their duties or in the exercise or purported exercise of their powers or otherwise in relation to their duties, powers or offices in relation to the Company or any such other company, subsidiary undertaking or pension fund.
Dates for the diary (!) : November 12th and 13th, 2015. Skysports - Date set for debate on Charles Green's bid to have legal costs paid
I was of the mind that these ****s would get away with it, but I heard the list of charges against them on the radio news today and now am not so sure. Hope the bastards get ****ed.
http://rangers.co.uk/news/headlines/statement-by-dave-king/ In summary: Mike Ashley's a ****. There's not a lot we can do about it.
Bit of a slap down for Dev's hero. http://www.belfasttelegraph.co.uk/opinion/debateni/attack-on-rangers-is-hateful-bile-34147053.html
