SFO, IPO, hell will freeze before SFA act


An appropriate course of action when you are the chairman or a non-executive director of a PLC when a fellow director and, until last week, chief executive, has been reported to the Serious Fraud Office for matters in connection with the company, would be to immediately contact the accuser asking for full and immediate disclosure of information which could materially affect investors and the company’s trading position.

The “compelling evidence that Messrs Green and Ahmad received a letter before claim in December 2012, having received previous correspondence, and chose to ignore it” sounds like a signed-for receipt.  If this was received before 22 December, the date of Rangers International FC PLC’s IPO, it is of critical importance that the board ask for sight of the evidence, irrespective of what Mr Green says about its existence.

This season’s Third Division has nine days to run and it would inconvenience many if these matters were brought to a head before then, but the duty of directors is clear; they cannot postpone attending to the interests of investors until after the football season.

Lawyers acting for RIFC PLC should politely request full disclosure from the other party, without delay.

Some in the SFA may be tempted to attempt another Grand Plan to prepare for and accommodate and almighty collapse at one club.  Grand Plans don’t work in these circumstances; the last one led to the current Lawyers at Dawn scenario.

We await the SFA acting in relation to RIFC PLC’s claim that Sevco 5088 Ltd, a company Craig Whyte is a registered director of, is part of their group.  This is in direct contradiction to an earlier representation made to the SFA, and breaks a condition of their membership of the Association.

Current SFA president, Campbell Ogilvie, is a former Rangers director.  My prediction is that hell will freeze over before he allows the SFA to act on this matter.  The SFA shall wilfully ignore its own rules.
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  1. Pogmathonyahun aka Laird of the Smiles



    all sounds good . i am going to try get to a few away games with my bayern supporting pals next season and dortmund is defo one of them and will try get to that pub . good guinness is hard to find :). not overly keen on pils but some are better than others , krombacher is nice tho . not tried veltins yet but it is widely available here for €10 x 20 bottles . weissbier is not my favourite but being irish i would try anything . my gf drinks it tho . better ones being erdinger and franziskaner .


    i am more of a helles drinker and auerbrau and flotzinger are the two local ones and are great . made me change from my old fav augustiner which is also great ,



    im here 4 months now and had about 25 different beers still a long way to go on just the bavarian ones as there are 65 breweries i believe



    ah well it will keep me busy



  2. Yet another example of the SFA stalling and fudging the issue. How much ‘clarity’ do they need?!

  3. South Of Tunis on

    Tallybhoy @ 15 04.



    Yes !.



    A friend of Mrs S of T told me that the new Silvio looked like he’d been designed by Matt Groening. .

  4. Henriks Sombrero on

    James Doleman ‏@jamesdoleman 9m Imran Ahmed to quit Rangers http://bit.ly/17WGe9V #anotheronebitesthedustDetails Expand Collapse Reply Retweet Retweeted Delete Favorite Favorited More Email Tweet Embed Tweet

  5. Oldtim67



    First time I met you was at the CQN quiz night.



    I was in a team with Johnybhoy and Bankiebhoy and you introduced yourself and sat in our company for a while.



    By God those brothers can drink!!!!

  6. Dontbrattbakkinanger on

    Soft units- there’s a good German label called trikont which comes up with some good stuff.

  7. Blindlemon



    Paulie’s stamping ground these days is Twitter. He’s very good.

  8. From MTH via twitter.



    As a private investigator, if I waited for my targets to provide me with the evidence I’d be out of business in minutes. #NotFitForPurpose

  9. Dontbrattbakkinanger on

    Soft units =south of Tunis



    Blooming I.pad.



    Modern life is ….ggggrrrrrrrrr

  10. HT……a wurld rekord low score was achieved if I remember!



    Although we did scoop” the most empties on the table” prize…






    14:21 on


    25 April, 2013


    LIONROARS67. 1256



    Yes her political life required to be given some balance, Piger certainly did that

  12. .





    15:23 on


    25 April, 2013


    Soft units =south of Tunis



    Blooming I.pad.



    Modern life is ….ggggrrrrrrrrr









    Its Not often Folks complain Re; iPad predictive Text thingy and.. Spell iPad wrong..;-)))))



    Sammu if PadiDiversSCS

  13. Humpy Dumpty sat on a wall.


    Humpy Dumpty had a great fall.


    All the Kings Horses and all the Kings Men


    Couldn’t put Humpty together again.



    But by God are they trying..

  14. Oldtim67



    Re read my post.



    I am talking about the clubs , not their supporters.




  15. Dead and Loving it on

    Hun friend has told me that fat Dingwall is predicting a week of carnage for the handsomes.

  16. Dead and Loving it on



    15:29 on


    25 April, 2013


    Humpy Dumpty sat on a wall.


    Humpy Dumpty had a great fall.


    All the Kings Horses and all the Kings Men


    had a roll on egg



    And sat back and watched the huns die.

  17. Hamiltontim.



    Doctor gave me a visit this morning, I have pneumonia,plus my usual complaints,so doubt very much whether I’ll make the Saturday swalliefest,I’ll give it another day before I cancel my Hotel booking, I must apoligise to you all for not attending.



    No doubt you will be on here on Sunday,saying it’s the best day ever,all I can say to that is, good,And I hope you all really do enjoy yourselves.I must get fit for the last game at Celtic Park.then the big game,Aberdour on the 14th June.

  18. It is not as if Robert Campbell Ogilvie was a casual Rangers supporter. It was a family tradition.



    His wife and three children were also shareholders and between them owned about 5,000 before RC transferred his over to his missus in 2008.

  19. The SFA asking for more details It’s like asking a robber if they robbed Hampden would they send the details in to say they done it.#inaebother

  20. Dead and Loving it on

    The rats are leaving the sinking ship very slowly, the bags of money are slowing them down.

  21. Oldtim67



    Do you need anything?



    Ps I’ll be on here on Saturday night telling you it was the best ever!! ;-)

  22. i see lenny at his usual moan.our players not on the list for player of the year.so whats wrong with that,celtic players over the seasons have won these awards,so lenny gie us peace,i have not been to many games this season,and he is one of the reasons ,i get fed up with his moaning all the time.i know about the threats he has had ,but its about time he calmed down a bit.i just get fed up with all the negativity he spouts all the time.

  23. Tiny tim.



    I did read your post,but I misread it.Sorry.



    I always think about the supporters,clubs in themselves don’t interest me,supporters are the name of the game,they are the bread & honey of the game,without us the clubs are silch.

  24. HT……



    “checkered evening”…………:)))))




    And, as I see the bold PJBhoy posting his blend of poetry…..


    I recall a similar checkered evening….with him stateside me ending up stotious in the back of a checkered cab…..




  25. If you haven’t attended many games this season how can you accurately assess whether any of our players deserved nominations for POTY???

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