DTI charges Levitt with breaking ban
Friday 13 December 1996
The ban was imposed by the DTI on Mr Levitt in November 1993.
The DTI alleges that Mr Levitt took part in managing International Boxing Corporation, a sports promotion company, in contravention of section 13 of the Company Directors Disqualification Act 1986.
Hearings for the case are due to begin at Marlborough Street Magistrate's Court on Monday next week.
The action, which was instigated by the DTI on 20 November, also charges Michael Jacobs, a director of the firm, with aiding and abetting Mr Levitt.
The DTI also issued charges under section 447 of the Companies Act 1985 against Mark Segal, Cecil Halpin and John Wiffen for making statements which they knew were false that Mr Levitt was not involved in the management of the company.
If found guilty, then the charges against Mr Levitt could carry a six- month jail term or a pounds 5,000 fine if the case is conducted in the magistrate's court. In a crown court, the maximum penalty that could be imposed is two years in prison.
He managed money for wealthy and famous people through his financial services firm, The Levitt Group, which collapsed in December 1990 with debts of pounds 34m.
Mr Levitt is a keen sports fan. He has acted as commercial manager to Lennox Lewis, the former world heavyweight boxer champion.
His connection with boxing continues via International Boxing Corporation which manages the affairs of Alfred Kotey, a star boxer from Ghana.
In the past he is thought to have owned nearly 1 per cent of Arsenal, the Premier League football club based in north London.
- 1 I've been called an abusive and dangerous parent, when all I did was listen to my transgender child
- 2 Company breaks open Apple Watch to discover what it says is 'planned obsolescence'
- 3 Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
- 4 The most powerful passports in the world
- 5 Chinese student carries disabled friend to school every day for three years
Nepal earthquake: How you can help victims of the Kathmandu disaster
Nepal earthquake in pictures: Photos show devastation caused by 7.8 magnitude earthquake
Royal baby: Live updates as superbug closes ward at St Mary's Hospital in London where Duchess of Cambridge is due to give birth
Teaching profession headed for crisis as numbers continue to drop and working lives become 'unbearable'
General Election 2015: The photo of a tree that proves the Tories have an image problem
General Election 2015: Chuka Umunna on the benefits of immigration, humility – and his leader Ed Miliband
The sickening truth about food banks that the Tories don't want you to know
Migrant boat disaster: Ukip candidate mocks victims in sickening Twitter post
Nigel Farage wants the BBC to stop making programmes like Doctor Who, Strictly Come Dancing, and Top Gear
Global warming: Scientists say temperatures could rise by 6C by 2100 and call for action ahead of UN meeting in Paris
General Election 2015: Britain would become a 'communist dictatorship' under Ed Miliband and Nicola Sturgeon, claims wife of Michael Gove
iJobs Money & Business
£24000 - £26000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50000 - £55000 per annum: Ashdown Group: Business Analyst - Financial Service...
£18000 - £23000 per annum + OTE £45K: SThree: At SThree, we like to be differe...
£20000 - £25000 per annum + competitive: SThree: Did you know? SThree is the o...