The Lawyer magazine reported yesterday that Gary Withey, erstwhile Company Secretary at Rangers, and, along with Phil Betts, Craig Whyte’s right hand man, had withdrawn his application to be joined as a party to the action raised against his former firm, Collyer Bristow by the administrators of Rangers Football Club PLC, Duff & Phelps.
Collyer Bristow is accused in the action of “deliberate deception” in connection with Mr Withey’s role in the Whyte takeover. The allegations relate only to Mr Withey. The former partner in the respected London firm is alleged, for example to have been involved in providing proof of funding when there were not in fact funds present.
In August Mr Withey had applied to the court to be joined as a separate party, the case being raised only against his former firm. Mr Withey’s counsel told the court then that he wished the chance to defend himself against the allegations made about his conduct.
At the same August hearing counsel for the administrators told the court that there was a “conspiracy” to cause injury to Rangers by causing it to be taken over by Mr Whyte rather than having a share issue to raise funds and clear debt. Counsel also stated that it would be very difficult for Collyer Bristow to demonstrate that Mr Withey’s statements had been anything but false.
The defence countered saying that the claim was highly speculative, and that the case would be defended vigorously.
Mr Withey previously told the Lawyer that the accusations were an outrage, that they were groundless, and that they should never have been made. Continue reading