A former Rangers finance chief who is pursuing a damages claim which could rise to £75m against the Scotland's most senior law officer, the Lord Advocate over 'malicious' prosecution is fighting for the state to pay an interim £1.8m legal bill.
finance chief who is pursuing a damages claim which could rise to £75m against the Scotland's most senior law officer, the Lord Advocate over"malicious" prosecution is fighting for the state to pay an interim £1.8m legal bill.
Mr Ahmad, who is understood to have been a key player in the £5.5m takeover of Rangers by the Charles Green-fronted Sevco consortium has already received an apology from Scotland's most senior law officer the Lord Advocate over wrongful prosecution. They were subjected to detention and criminal proceedings in relation to fraud allegations in the wake of Mr Whyte's disastrous purchase of Rangers and its subsequent sale before a judge dismissed all charges.
It came amid recriminations over Mr Whyte’s takeover supported with the mortgaging of future season-ticket sales and the club’s 2012 Sevco buyout from administration led by Mr Green. Lord Keen said despite an admission of liability in the case was made in October, 2020, mediation was expected but a letter of apology that was expected was not forthcoming."Having agreed to mediation a great deal of time and expense was incurred in preparing for that mediation, but it did not proceed," Lord Keen said.
Lord Keen told Lord Harrower that he needed time to consider the offer and the case was adjourned to a later date.Mr Ahmad, 52, who has a background in finance, investment banking and share dealing, is arguing that his career as an entrepreneur had been going forward. The"malicious prosecution" mean he had been unable to work.
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