There’s those words, “prima facie” again. “After examination of the evidence, Leading Counsel’s advice is that there is a prima facie case to answer”, read a stock market statement this morning by Worthington Group PLC, after the Leading Counsel “who is also a Deputy High Court Judge”, examined the case of their subsidiary, Sevco 5088 Ltd’s claim for the business and assets of Rangers International Football Club PLC.
“It is the position of Sevco 5088 Ltd that it is the rightful owner of the business and those assets”.
As revealed in the document below, Companies House now record Craig Whyte and Aiden Earley as directors of Sevco 5088 Ltd, alongside Charles Green.
The court will examine if Mr Green acted appropriately when he removed the entitlement of Sevco 5088 to acquire the assets of Rangers FC (in liquidation) and assigned them to Sevco Scotland (now renamed and trading as a subsidiary Rangers International FC PLC.
Rangers International stand accused of not owning the business they operate.
Subsequent to the entitlement to buy Rangers FC’s assets being passed to Sevco Scotland, Mr Green became the beneficial owner of £4m worth of Rangers’ shares at a cost of £40,000. Rangers International then raised £22m through an Initial Public Offering on the AIM market and the company became owners of a business worth tens of millions of pounds.
The allegation that Duff and Phelps disposed of Rangers assets to a company controlled by Rangers owner will be of interest to liquidators, BDO, who are likely to ask Lord Hodge for an opinion on behalf of creditors.
I am sure Rangers International FC PLC will strenuously deny they inappropriately acquired assets of Rangers. They will also take steps to immediately assure Cenkos, the nominated advisors of their IPO, that investors money is safe and the IPO was appropriately handled.
They will, at the same time, assure Cenkos that these allegations were not made known to Sevco Scotland prior to the IPO, otherwise potential investors would have been alerted.
These are the most serious allegations leveled in the entire episode of the Rangers group of clubs. The first question for the independent inquiry setup by Rangers International should be ‘What the hell have the non-execs been doing all these months?’
The cheerleaders for Mr Whyte and Mr Green have done enormous damage.
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LISTLOVERS
MWD
Oskar Schindler
Dmitri Mendeleev
Santa Claus
Julio Iglesias
Roseanne Cash
……that bam fae The Mikado ( admittedly a small one tho’)
List lovers
Franz’s missus
Ten Men Won The League,
Thanks.
I’ve checked soccerbase.com, the BBC and Guardian reports of that game – none show a booking for Kayal.
Lists of lists. Not unknown. Mrs. miki67 has been known to indulge in this. The upside?
My life is well ordered as I am a bag of chaos.
Would you care to see a list detailing the chaotic nature of my way of doing things?
I thought not.
DBBIA,
I’ve heard ol’ Craig likes a list.
Might not be Craig Whyte though.
tomtheleedstim
16:00 on 17 April, 2013
LISTLOVERS
MWD
Oskar Schindler
Dmitri Mendeleev
Santa Claus
schindler
Moses
Johannes Brahms
Titanic
That started to list…. Are we done yet?
LISTLOVERS
MWD
Oskar Schindler
Dmitri Mendeleev
Santa Claus
schindler
Moses
Marie d’Agoult
neveralone
15:57 on 17 April, 2013
‘Pub Info request.
Will be in Manchester city centre in a couple of weeks. Never been before. Can anyone suggest good drinking/eating pubs?’
The Circus Tavern is a good drinking pub.
I think they sell crisps, so you won’t starve.
It’s next to China Town.
I think a nice man from the polis asked and being helpful bunch CQN obliged
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
emusanorphan
15:52 on
17 April, 2013
Can I ask why a list of those who attended FAC rally from CQN is being compilled?
Graffito which led me down a truly boring path of reading turgid guff:
“Nietzsche was a neo-classicist”
I never went to Glasgow Uni but that’s where I read it while on a bender with equally drunk mates. I decided to investigate this statement because I was drunk and it intrigued me.
To this day I still regret it and curse the clever dick who inscribed it.
TMWTL
According to all the newspaper reports I have read, we had 2 bookings (Mulgrew &Sammi) in our 1:0 win over Arbroath.
Was Kayal booked after the match or was the ref cross eyed and he meant to book Kayal but showed the card to Sammi or Charlie?
Starry Plough
Visited the shrine whilst in Poland woth oldtim and zbyzcek
Well worth a visit as wasethe museum in warsaw
jc2 @16:10 “Can I ask why a list of those who attended FAC rally from CQN is being compilled?”
For the convenience of Strathclyde’s finest?
jc2
The list is being complied so we can run this in the next edition of CQN Magazine. We also ran a list of names at the bottom of each page in the CQN Annual at Christmas and we will use these names on the next Annual in the same way.
The mag will be out at the end of the month.
Pretty sure Thatcher’s on Ol nicks list.
Can I ask why are people asking why there is a list?
tomtheleedstim @15.00
I was only having a light hearted go at you and JFL . You are right though it is what separates us from them , well that and evolution
Has ” The Hills of Donegal ” ever been on the official CP playlist?
If not, why not?
It has arguably the most rousing chorus of any Irish song around.
Luke List (American Golfer)
Pretty sure ol’ nick is on thatcher’s list
Guys
I never asked the question I replied to
emusanorphan
Can all of those who want to know why a list is being compiled add their name?
Don’t add Chopin to the list!
LISTLOVERS
MWD
Oskar Schindler
Dmitri Mendeleev
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Julio Iglesias
Roseanne Cash
Martin Luther [ggrrrr]
Can I ask why are people asking why are people asking why there is a list?
ernie lynch
Thanksfor the info – you obviously get my drift :-)
authorised person in company with access to CoHse password/account. Significant!
@andyfisher1967 @cqn No.This is why it’s significant.Anybody could forge signatures on paper submission.E-form needs secure password/account
Can’t stop laughing @corsica1968 Protected account 14m @walsh2509 @cqn @andyfisher1967 May not have been them. Only 1 other person has authority (and password?) to file…step forward…Chuckles!
Can’t stop laughing @corsica1968 Protected account 10m @andyfisher1967 @cqn Password only given out by Co Hse to authorised person. So either CG has done it to get rid or CW has a/c password…
setting free the bears,
Can I ask why you are asking why are people asking why there is a list?
If you have room in your life for a generally Celtic related podcast with fairly wide ranging topics and some “young folk” type music, there is a podcast here to stimulate and annoy.
Some relatives of mine may be involved in this programme but, as I disagree with each and every opinion they hold, you should be free from any SFTB type nonsense.
90 minute cynic
LISTLOVERS
MWD
Oskar Schindler
Dmitri Mendeleev
Brahms
Surely Peter Lilley should be on the List of people who like lists?
New CQN Logo
Didn’t Toyah Wilcox have a list?
TheBarcaMole
Beat me to it :O(
Well i guess that proves that Gordon J and Michael are not multi-posters :-)
Christy Moore – ‘List’oonvarna
On the theme of dead stars playing the various roles in the Sevco/Deadco movie…Bela Lugosi for the part of SDM…..”Pull the string….”
http://www.youtube.com/watch?v=L7Dw60SVXQ4
Cadizzy!
Think we’ve had that exchange before…………
……….I’m similarly afflicted.