THE taxman took a "principled stand" in rejecting an offer of 9p in the pound for Rangers' debts running into tens of millions, pushing the club to inevitable liquidation.
THE taxman took a \"principled stand\" in rejecting an offer of 9p in the pound for Rangers' debts running into tens of millions, pushing the club to inevitable liquidation.
craig whyte: His regime is expected to be investigated. foreboding: Dark clouds gather over Ibrox stadium. Picture: James Galloway
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MARTIN WILLIAMS reaction
HM Revenue & Customs (HMRC) appointed insolvency experts BDO, who are expected to start an investigation into the club's downfall. A police investigation may be launched if any evidence of criminality is uncovered.
It could make directors of Rangers personally liable for any financial misdemeanours discovered over the past two decades, with claims made under the Insolvency Act 1986.
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