The Board of The The, formerly known as Rangers Mk1, formerly known as Sevco Mk2, formerly known as Cheating Scumbags Mk3 (allegedly) seek a meeting with Dave King as their SAVIOUR FROM ANOTHER FALL INTO ADMINISTRATION. BBC AND SKY News reported that King faced eleven counts of fraud when he appeared at the Regional Court in Randburg, near Johannesburg. He was alleged to owe the South African revenue service almost £60m.[1] King eventually reached a plea agreement with the South African High Court where he pled guilty to 41 criminal counts of contravening the South Africa Income Tax Act and agreed to pay a fine of 80,000 Rand per criminal conviction or 3.28 million Rand in total. King also agreed, as part of the deal to drop the other 281 criminal charges he faced, to pay the Criminal Assets Recovery Account of the South African Authorities 8.75 million Rand in compensation. King was originally indicted on 322 counts including fraud, tax evasion and evasion of exchange control regulations, as well as money-laundering and racketeering. Sounds the right man for Ibrox!
Posted on: Mon, 03 Mar 2014 20:27:40 +0000
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