Former Rangers owner Craig Whyte appears in court amid financial investigation after arrest at Manchester airport
The 50-year-old appeared at Manchester and Salford Magistrates’ Court on Wednesday
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The 50-year-old appeared at Manchester and Salford Magistrates’ Court on Wednesday in a prosecution brought by the Financial Conduct Authority (FCA).
Officers from Greater Manchester Police arrested the ex-Ibrox chief for not complying with a Statutory Notice issued under Section 49 Regulation of Investigatory Powers Act 2000.
The FCA said that the arrest was in relation to alleged non-disclosure of key passwords for various phones and laptops, which were seized from Mr Whyte by a warrant issued under s176 Financial Services and Markets Act 2000 on April 18, 2018.
It is the first prosecution by the FCA in relation to this offence.
Whyte indicated a plea of not guilty and elected for trial in the Crown Court before being granted conditional bail.
Ten years have passed since Whyte completed a controversial takeover deal which saw him buy the club for £1 before the Light Blues entered administration the following February.
Speaking in May earlier this year, he said: “It’s hard to believe it is 10 years but I remember when I was first asked to have a look at it.
“I thought it was a good opportunity to make a profit. It seemed like a good idea at the time but clearly it turned out not to be.”