Former Ibrox owner 'delighted'
Whyte cleared by jury in Rangers fraud trial
Craig Whyte was today cleared in the Glasgow high court of fraudulently acquiring Rangers Football Club.
After six weeks of evidence a jury of eight men and seven women took just over two hours to acquit Mr Whyte on two charges.
One related to his purchase of Sir David Murray’s majority shareholding for £1 in May 2011 and a second alleged a breach of the Companies Act.
The court had heard that he had agreed to take on obligations, which included paying an £18m bank debt and £5m for players.
The 46-year-old had been accused of misleading Sir David that he was buying Rangers with his own money and had instead used sales from ticketing firm Ticketus to fund the deal.
Defending him, Donald Findlay QC had earlier told the jury that the Murray team had been “more focused” on securing a sale than checking the source of the money.
Mr Findlay said his client had met the conditions of the sale by paying the debt and investing in the club.
As he left the court Mr Whyte said: “I’m just delighted with the outcome.”