The Scottish Football Association disrepute charges against Rangers chief executive Charles Green have been found 'not proven'.
Green was accused of bringing the game into disrepute and failing to act in the best interest of football.
A three-man body chaired by Lord Nimmo Smith is currently investigating allegations that the club's former owners used dual contracts to reward some of their players.
Green had questioned the independence of the investigators, but rejected claims he had cast aspersions on their integrity.
Green said: "What I said, I said in good faith and I was speaking up for the interests of Rangers.
"To be critical of the SPL's handling of the Employment Benefit Trust issue, does not mean that I am showing disrespect for the game and that view appears to have been shared by the judicial panel."
It is alleged that Rangers failed to disclose EBT payments made to a number of players during the 2000-2011 period.