WREXHAM FC’s former chief executive Paul Retout has had his appointment as a director of the club terminated.

His directorship of Wrexham Village Ltd, the associated company which is overseeing the development of the Racecourse ground, has also been terminated.

However, he remains a director of Celtic Crusaders Ltd, which runs Wrexham’s rugby league team.

The moves, confirmed yesterday by club chairman Ian Roberts, follow revelations early in June that Mr Retout was being investigated by the Metropolitan Police in relation to allegations of financial irregularities made by a company in London.

At the end of May he announced he was stepping down from his role as chief executive at Wrexham on a six-month sabbatical for “personal reasons”.

Wrexham chairman Ian Roberts said: “It is correct that Mr Retout has had his appointment of director terminated with Wrexham Football Club (2006) Ltd and Wrexham Village Ltd but not with Celtic Crusaders Ltd.

“This is due to issues within the club and I can say no more than that.”

Asked why Mr Retout was remaining as a director of Crusaders Ltd, Mr Roberts said this was due to a different system of operating within the rugby Super League in which the team plays.

He added: “All this happened a few weeks and has been officially notified to Companies House.”

In June the Metropolitan Police confirmed officers from Southwark CID in London were investigating an allegation of fraud which had been reported in September, 2009.

Yesterday a spokesman for the Metropolitan Police said the investigation continues and that Mr Retout had been bailed until the middle of August pending further inquiries.

A spokesman for the Crown Prosecution Service confirmed that no charges had been brought against Mr Retout.

At the time details of the police probe were revealed, Mr Retout vigorously defended himself, saying: “I can confirm that I am involved in an acrimonious dispute with a business I was previously a partner in.

“I can also confirm that no charges have been brought against me, and my lawyers will vigorously pursue any instance of slander, libel or defamation of my character if deemed necessary.”

When contacted by the Leader last night, Mr Retout said: “I am on sabbatical and have nothing to say. I’m just enjoying the sunshine.”

Club chairman Mr Roberts has come under fire on website forums for not yet publishing the club’s latest accounts, as promised in an interview with the Leader in June and which are now overdue.

Yesterday he told the Leader: “We still fully intend to publish the accounts as soon as we can.”