Insolvency Practitioners Association investigating Duff & Phelps

[forlanssister 3,059]

@BBCchrismclaug: BBC Scotland has learned that the Insolvency Practitioners Association are investigating the #Rangers administrators Duff & Phelps.�

 

â??@BBCchrismclaug: Investigation follows a BBC documentary alleging a conflict of interests from D&P during Craig Whyte's takeover of #Rangersâ?

[caseyjones 0]

Good to hear.

[Max Rebo's Big Blue Nose 0]

I actually got a letter from D&P today regarding my own business. They're doing the admin for a business that I supplied that went bust. When I saw the D&P header I had to laugh...

[kuznetsov 0]

Another tim first with the news on Rangers. This Chris guy from BBC, not you forlanssister!

[the gunslinger 3,366]

excellent news.

[pete 2,499]

While I agree it is good news they will be investigated I just hope it doesn't cost more time which we don't have.

If another team have to come in we will be back at the start and that may be the finish.

[forlanssister 3,059]

At least we know why the BBC were first with the news!

 

Duff and Phelps, the administrators at Rangers Football Club, issued the following statement this evening.

 

Paul Clark, joint administrator, said: "We positively welcome any investigation by the Insolvency Practitioners Association (IPA).

 

"This will enable the true facts to emerge and demonstrate clearly that we have acted at all times with the best interests of creditors, the court and the Club at heart.

 

"We were contacted by the IPA following a request from the BBC to review their allegations of a conflict of interest.

 

"There has been wave after wave of wild and inaccurate reporting and speculation and we will be very happy to co-operate fully with the investigation. We have already spoken to the IPA."

[Owain 0]

While I agree it is good news they will be investigated I just hope it doesn't cost more time which we don't have.

If another team have to come in we will be back at the start and that may be the finish.

 

Not necessarily, the bid is in and is exclusive.

 

I think we have more to worry about with Whyte in that respect, as I believe he can block the sale of assets. D&P said he was irrelevant but have done nothing to prove this yet.

 

At least if another admin is appointed we stand more chance of openess than with this shower.

[the gunslinger 3,366]

Not necessarily, the bid is in and is exclusive.

 

I think we have more to worry about with Whyte in that respect, as I believe he can block the sale of assets. D&P said he was irrelevant but have done nothing to prove this yet.

 

At least if another admin is appointed we stand more chance of openess than with this shower.

 

d&p say that greens deal with whyte removes the floating charge.

 

of course they say a lot little of it true and the deal is only valid in the event of a cva.

[the gunslinger 3,366]

the amazing thing about this is grier will be called to court when our case agai.st Collier Bristow comes up and will probably damage the case.