Settlement reached

Ex-Rangers chief Green handed £6.39m payout

Charles Green: wrongfully accused (pic: SNS Group)

Former Rangers owner Charles Green has accepted a £6.39 million out of court settlement for being wrongfully prosecuted.

Lawyers acting for the Lord Advocate stepped in with the offer just before his case was due to be heard at the Court of Session.

The businessman agreed to receive £6,393,046, averting an eight day hearing over a a malicious prosecution.

He was among a group of men arrested as part of an investigation into the sale of the Ibrox club to businessman Craig Whyte.

Mr Green was part of a consortium which acquired the business assets of Rangers in 2012 and later became the club’s chief executive.

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