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Brighton businessman self-imposed ban
A businessman who was jailed for a string of lies that led to the collapse of a hotel chain has promised not to run any companies for six months.
The Insolvency Service is seeking to disqualify Robert Feld from acting as a company director for a case of misconduct while a boss at Aerospace & Technical Engineering Ltd, which was dissolved in 2010.
But in a rare move, a High Court judge has accepted a voluntary self-imposed ban from Mr Feld ahead of his trial and has allowed the Insolvency Service to publicise the decision.
Mr Feld, who lives in Rottingdean, has given the court a voluntary undertaking that he won’t act as a company director until his trial is concluded.
The trial was first scheduled for May 2012 but was adjourned on the application of Mr Feld to allow for further evidence.
The trial was rescheduled to commence on March 12, but the High Court has ordered a further adjournment at the request of Mr Feld on the basis that he continues to abide by the voluntary undertaking he provided to the court in May 2012.
Mr Feld was jailed for eight years in 1997, convicted of 12 counts of fraud and forgery in an 80-day trial following a Serious Fraud Office investigation.
Around 6,000 small shareholders in Brighton-based Resort Hotels, of which he was chief executive, lost between £500 and £20,000 each and received a voucher for just £250 towards stays at Jarvis Hotels, which took over Resort’s assets.
In 2008, a case brought by Barclays Bank against Mr Feld was settled out of court.
After his trial 15 years ago, Mr Justice Zucker told him: “Anyone who has heard you give evidence will know you are a man of quite appalling dishonesty.”
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