Storrie 'astonished' by charges

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Storrie, who has been on bail since being arrested in November 2007 on suspicion of conspiracy to defraud and false accounting, will "defend the allegations in the strongest possible terms and is entirely confident that he will be exonerated".

A statement released to The Guardian read: "Mr Storrie would like to place on record his astonishment at the decision that has been made to charge him with an offence of cheating the public revenue, and bewilderment as to how such a conclusion could be reached concerning the transfer of the player Amdy Faye to Portsmouth Football Club."

The statement continued: "At the time negotiations to acquire this player were concluded, Mr Storrie was on honeymoon and was not directly concerned in the agreement that was reached regarding Faye's acquisition.

"He was at that time and has continued to be the chief executive of the club and remunerated as such.

"Mr Storrie did not and could not have gained from any cheating of the public revenue given his role within the club and allowing for the fact that he had no proprietary interest in Portsmouth FC.

"Mr Storrie has fully co-operated with the authorities at every stage of this 31-month investigation in the belief and expectation that after an inquiry as protracted as this, the authorities would understand that there was no wrongdoing in any aspect of the player's transfer.

"Mr Storrie will defend the allegations in the strongest possible terms and is entirely confident that he will be exonerated not only of the allegation of cheating the public revenue, but any suggestion that anything untoward took place concerning any transfer dealings in which he was concerned."