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Financier disappears amid claims of debts worth more than £70m

14 Oct 2009

LONDON, England As reported by The Guardian: "Some of Britain's most prominent business figures claim to have lost millions to high flying city financier Nicholas Levene amid growing concern about his whereabouts.

"Among the business figures to have made claims is Richard Caring, the rag trade tycoon who owns some of London's most famous restaurants including The Ivy and Le Caprice.

"...He is also being pursued separately by two spread betting firms over alleged unpaid sports gambling debts worth hundreds of thousands of pounds.

"...Levene has failed to appear at critical court hearings to defend himself, prompting the courts to freeze assets and demand he surrender all passports.

"...IG Index, the spread betting firm founded by former Conservative donor Stuart Wheeler, was reportedly claiming Levene owes £720,000 after he lost a bet on a Twenty20 cricket match. Levene is also said to owe money to Spreadex, another spread bet firm..."

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