A police report concerning allegations that Edinburgh lawyer Leslie Deans was involved in money laundering has been forwarded to the procurator fiscal.
Prosecutors must now decide whether the former Hearts chairman should face charges.
Mr Deans was arrested last year as part of a fraud inquiry involving a number of people.
The solicitor, who runs a chain of estate agents across the city has now been reported to the procurator fiscal in connection with alleged historical incidents.
The police investigation is not thought to have been linked to Hearts.
Mr Deans took control of the Tynecastle club in 1994, and in 2005 he sold the 18 per cent holding he shared in Hearts with Robert McGrail to Lithuanian businessman Vladimir Romanov.
A police spokesman said a report had been submitted to the procurator fiscal, with inquiries ongoing.
A Crown Office spokesman said: “The procurator fiscal has received a report concerning a 62-year-old man in relation to alleged incidents between September 2006 and March 2008.”