Former Scotland boss Walter Smith seeks £320,000 from businessman

Former Scotland boss Walter Smith is seeking £320,000 from a businessman who invested money on his behalf.

The Rangers icon, of Helensburgh, has instructed lawyers to go to Scotland’s highest civil court in an attempt to recover the cash from a man called Gareth Alexander.

The 69-year-old former coach is suing Mr Alexander over sums which were paid into a pension fund in the 1990s. Mr Smith’s legal team will argue their case against Mr Alexander, from Hertfordshire, at the Court of Session in Edinburgh later this month. 0 Walter Smith’s case is being heard at the Court of Session

Their client was also originally suing another financial advisor called Neil Caisley in the action. However, Mr Caisley, also of Hertfordshire, is not contesting the action.

Mr Smith claims both the two men agreed to refund him £600,000 in commission fees they received from selling him “financial products”.

Mr Smith claims the two men entered into an agreement with him over the refund in 2012 but he claims to have only received £280,000.

He says the company which Mr Caisley and Mr Alexander were part of went into liquidation and was unable to pay the remaining amount.

Mr Smith’s legal team want the court to rule that the two men should pay their client the remaining sum of money.

A full hearing will be held later this month.