Printer Friendly

City expert missing with pounds 20m debts; FINANCE.

A TOP City financier was thought to be in hiding last night after allegedly clocking up nearly pounds 20million of losses and debts.

Nicholas Levene, 45, has snubbed a July High Court order to repay pounds 18million to transport tycoons Brian Souter and Ann Gloag.

The cash is their investment and profits which they have never received.

Mr Levene - based at MG Equity Partners and also vice-chairman of soccer club Leyton Orient - is also being chased via courts by a spread-bet firm for nearly pounds 1million debts.

The club said it had not seen him for weeks. Chairman Barry Hearn would not comment "until we have discussed the situation with Nick Levene". The Met said "certain information" was passed to its fraud squad last week, which it was assessing.

But a spokesman said they had not yet decided whether to open a probe.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2009 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Mirror (London, England)
Date:Oct 15, 2009
Previous Article:Still a job to do.
Next Article:WERE KIDS OF 2&4 KILLED BY DADDY? They're found strangled.

Related Articles
EVERTON pounds 20m LIFELINE: pounds 20m will buy extra breathing space; Business Editor Bill Gleeson reports on how Everton could best spend Bill...
City crisis team tackling budget; Finance experts will stay 'as long as it takes'.
Europe to the rescue with pounds 1m.
Crunch hits city budget; PROJECTS: Borrowing set to soar to fill funding gap.
ManU will have to pay 1.1 billion pounds of debt in next nine years.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters