Former Rangers owner Craig Whyte cleared of fraudulent takeover of club
Tuesday 6 June 2017 14:57, UK
Former Rangers owner Craig Whyte has been cleared of a fraudulent takeover of the Glasgow club.
The jury returned a majority verdict of not guilty after a six-week trial at the city's High Court on Tuesday.
Whyte was accused of acquiring Rangers by fraud in May 2011. He denied the charge, and another under the Companies Act.
The Crown alleged the 46-year-old pretended to then-owner Sir David Murray that funds were "immediately available" on an "unconditional basis" to make all required payments for a controlling and majority stake.
Advocate Depute Alex Prentice QC told the court Whyte did not have authority over the funds used in the takeover and "induced" the Murray Group to sell, but defence QC Donald Findlay described the accused as "the fall guy" in the case.
After two hours of deliberations, the jury found Whyte not guilty on both charges.
Judge Lady Stacey told Whyte: "You have been acquitted and are free to leave the dock." The 46-year-old thanked the judge and jury before leaving the courtroom.
