Kevin Leech became a dotcom billionaire 'vanishes in North Korea'

Fall from grace: Former undertaker and billionaire Kevin Leech lost an estimated £1.16bn from his interests in Companies G4Net and ML Labs in America.

Once named as the 17th richest man in Britain, Kevin Leech — the former undertaker who became a dotcom billionaire only to go bankrupt virtually overnight — faces a High Court battle with his former lawyers.

But the legal eagles may have difficulty in tracking down the man who once owned Land’s End, the Snowdon Mountain Railway and Reliant Robin cars.

For flamboyant Leech, 69, was last heard of in North Korea.

Leech, whose portfolio of companies has included caravan parks, restaurants and shares in fledgling technology firms, started out at his father’s Manchester funeral parlour at the age of 21.

By the Eighties, he had turned the business into a 38-strong chain of undertakers.

He sold up and moved to Jersey and then made a second fortune with a £50,000 investment in a medical research company, ML Laboratories.

The company’s stock soared as it made breakthroughs in kidney dialysis technology.

However, Leech’s investments collapsed as the dotcom bubble burst, and he went bankrupt in 2002. Read More

1 comments:

Unknown said...

Kevin was a top man. A real man of the people. I once worked for Kevin back in the 70's and 80's

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