Craig Whyte to sue police and Crown Office for malicious prosecution

Mr Whyte, 51, bought Rangers for £1 from Sir David Murray in 2011. He was arrested over an allegedly fraudulent buyout of the club in 2015 but was cleared in court in 2017.

More than £40m has already been paid out to those who were maliciously prosecuted by the Crown Office and Procurator Fiscal Service.

Mr Whyte has been waiting for malicious prosecution claims to be settled before launching his own action, according to a source. Charles Green received £6.4m, while administrators David Whitehouse and Paul Clark received a combined £24m.

The Crown Office admitted in those cases that the men were victims of a malicious prosecution.

Police Scotland said of Mr Whyte’s civil claim: “Should it be pursued it’ll be actively and fully defended.”