DAVE KING has vowed to lift the lid on everything that has gone on behind the scenes at Rangers during the course of the club's catastrophic meltdown and chase down anyone he feels has been guilty of impropriety.

The Castlemilk-born businessman swept into power at the SPFL Championship club following a resounding victory at an extraordinary general meeting at Ibrox, which saw him voted onto the board along with Paul Murray and John Gilligan and both Derek Llambias and Barry Leach removed by shareholders.

King has not yet taken up his directorship as a result of the need to recruit a nominated advisor to the Stock Exchange and convince the Scottish Football Association of his worth as a 'fit and proper person' in the wake of being found guilty of 41 tax offences in South Africa.

However, Murray has started work in the role of interim chairman with Douglas Park, the founder of Park's Motor Group, joining him and Gilligan in the boardroom following a meeting staged immediately after the EGM.

King and his team will now begin the onerous task of opening a forensic investigation into the club's accounts for evidence of what exactly has been going on since Craig Whyte paid £1 to Sir David Murray for the business in May 2011 and led it into eventual liquidation.

Paul Clark, David Whitehouse and David Grier of financial firm Duff and Phelps, who dealt with the administration of the club in 2012, are already facing criminal charges along with Whyte and his former company secretary, Gary Withey.

King is acutely aware of concerns over the past conduct of others, mentioning allegations of financial kickbacks during Charles Green's time as chief executive, and insists that he will make any evidence of wrongdoing public while attempting to claw back any funds taken out of Rangers illegally.

Asked if the supporters have been victims of what has gone on over the past four years or more, King replied: "A thousand per cent.

"If we look at it and feel that anyone has either behaved in a manner that was criminally liable or civilly liable, we're giving a commitment in the interest of transparency to deal with that.

"It's not about having a witch-hunt, but it's important for the fans that we find out what actually went on. There are allegations going back to the Charles Green days about money and kickbacks and we really have to look at that.

"It's a little bit like South Africa with the Truth and Reconciliation Commission which came out after 1994. It was a good thing for people to air things and finally put it behind them. I think the fans need a bit of truth and reconciliation to get some understanding of what happened in the last five years.

"If anything has gone on that is untoward, we must make sure there is accountability for that. That's about people being held accountable if they have behaved badly.

"If it transpires funds have left the club inappropriately and there is a possibility of recovering them, it would be in the club's interests to recover them as quickly as possible."

King insists he will oversee the dissection of the accounts and only bring in outside investigators should matters of grave concern unfold.

"I'm not scared of what we will find because it can only provide opportunities," he said. "If there is a potential for recovery, that can only be a good thing.

"Instinctively, one doesn't expect to find it in an impossible mess.

I'm not expecting anything dramatic. It is fiscally and financially challenged, but far from being in a crisis."

King has given Sandy Easdale, current chairman of the club's football board, little encouragement that there is a place for him in the powerbase at Ranghers. Easdale has voting rights over 20 per cent of stock through his own shareholding and proxies and is understood to have abstained during the EGM.

Asked if Easdale had a future under him, King replied: "My personal view is that it would be challenging."

Likewise, Llambias and Leach are likely to be on their way out. They were at Ibrox and spoke to Murray, but did not attend the EGM. Both men still have positions within the club as chief executive and finance director even though they are no longer on the board and are not understood to have agreed severance settlements.

Asked if they had a future at the club, King replied: "I wouldn't think so." Rather confusingly, he also stated that he did not believe they would have to be sacked.

King also reported that it would be "challenging" for Mike Ashley, the owner of Newcastle United, to request two places on the board as part of a deal struck to provide a potential £10m of loans. King has also said the money is in place to pay back Ashley should he wish to reclaim the £5m he has given so far immediately.

"If it's legally valid, it's something that has to be faced immediately," he said. "Until we look at the contracts and see them ourselves, we're not sure what rights he's got and whether they're exercisable or not."