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Bank grabs Spurs chief’s jet
20.07.09
A jet belonging to the chairman of Tottenham Hotspur has been repossessed in a dispute over unpaid mortgage payments.
The British subsidiary of Icelandic bank Kaupthing acted after Daniel Levy's English National Investment Company (Enic) failed to keep up repayments on a £15 million loan.
The £13 million plane was grounded at Stansted airport by administrators Kaupthing Singer & Friedlander, which has a mortgage on the plane, after Enic refused to pay. Enic says the bank has failed to release £1 million in deposits after it was granted a moratorium on payments by the Icelandic Financial Supervisory Authority after Iceland's financial meltdown.
Mr Levy's friends have described the action as “small beer”.
Reader views (2)
How about the BBC doing a programme about British savers who've had their bank interest swerved by the banks to subsidise profligate house-BUYERS?
- Ted, London
If you want a real story why not invetigate the bringing down of the Kaupthing bank by the UK government and the collateral damage caused to thousands of British citizens and pensioners who lost their savings in the sister bank Kaupthing Singer & Friedlander Isle of Man. Unlike Mr Levy's 'small beer' jet plane grounded at Stansted airport many of these pensioners have been grounded by depression and illness through no fault of their own. Creditors of the KSF IOM who are fighting to get a return of 100% of their deposits hope that a future Panorama programme will expose all the governments and regulatory bodies who have passed the buck between them and failed to take responsibility. Please give us a break and expose those responsible.
Depositors' public site: http://www.ksfiomdepositors.org/
19:7:09 -- BBC PANORAMA Programme
The BBC is offering to do a Panorama programme on the plight of those whose lives have been ruined by the loss of their life savings. The BBC would like to interview a number of people who are currently living in a crisis of one form or another.
If you have been seriously affected by the loss of your savings & would be willing to take part in the programme then please contact either www.ksfiomdepositors/contact or e-mail in confidence the webmaster from-jim@hotmail.com Jim is a member of the DAG's Strategic Team's Support Group
- Margaret Flood, Spain
