Rangers have confirmed a matter has been reported to the police following an investigation into alleged links between former owner Craig Whyte and former chief executive Charles Green.
Details of the Pinsent Masons probe were never released by the club, other than to say no evidence was found that Whyte had any involvement with Sevco Scotland, the company fronted by Green which ultimately acquired the assets from administrators.
Rangers have reiterated that former owner Whyte - who was at the helm when the Light Blues went into administration in 2012 - has no links to the current company and moved to quash suggestions that the club's Scottish Football Association membership could be withdrawn.
A statement read: "Incorrect stories concerning the company have appeared in the media today and yesterday concerning allegations that Craig Whyte still has links to Rangers, which the company would like to clarify.
"Pinsent Masons has not reported to the police that Craig Whyte has any connections to the company.
"A separate matter was reported to the police by Pinsent Masons, on behalf of the company.
"That matter related purely to a director appointment form which purported to appoint Craig Whyte as a director of Sevco 5088 Limited.
"One of the reasons the investigation report has not been released was because a matter was reported to the police.
"The company did not wish to do anything that may undermine any police inquiries into the issue.
"The board of directors have at all times acted to protect the interests of the company and the company's ability to take legal action.
"The company regret the need to disclose this issue but it is necessitated by the incorrect and speculative articles that have appeared in the media.
"There has also been speculation in the press on the impact that a police investigation has on the club's SFA licence to play football.
"To confirm, there are no grounds for the SFA to withdraw the club's membership."
Former chairman Malcolm Murray said on Tuesday he was "pretty sure" Whyte has no involvement with the club.
The statement added: "The company also notes that former chairman Malcolm Murray dismisses the allegations concerning Craig Whyte's supposed involvement with the club."
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