"We understand that one of our directors is under investigation and, while that is proceeding, it would be inappropriate to make any further comments," said the club in a statement.
The club has no involvement in the matter that has seen Whitely bailed. It's thought to involve the sale of mining sites in South Wales.
Whiteley's company, M&A Solicitors issued this satement on Thursday.
Two partners of M&A Solicitors LLP, Alan Whiteley and Eric Evans, have today been suspended with immediate effect. This action arises from a single transaction involving a client of the firm that is under investigation by the Serious Fraud Office.
The Firm acted diligently by referring matters to the authorities and the Serious Fraud Office's investigation follows on from our referral. We are co-operating with the Serious Fraud Office's investigation and due to the on-going nature of that investigation we are unable to provide further information at this time.
We wish to reassure our clients that this is an isolated incident. We are committed to providing our clients with the best service possible, and we are working with clients to ensure that business will continue as normal.