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Levitt given grace period

Rael Levitt, founder and former CEO of Auction Alliance, will be issued a court summons today, which allows him 14 days to appear in front of the National Consumer Commission (NCC) or face a warrant for his arrest.

The NCC attempted on Wednesday to get a warrant for Levitt’s arrest after he failed to appear for his hearing on Tuesday despite being summoned to respond to questions over a statement made and signed by him, as part of the commission’s investigation in the Quoin auction.

It also sought to canvass “whether or not his conduct on the day of the auction and in general amounts to fraud which would facilitate a referral in terms of section 73 of the Consumer Protection Act (CPA) to the NPA for further prosecution”, according to press statement from the NCC.

According to the media statement, which details the NCC’s investigation, it received a complaint from Wendy Appelbaum about Auction Alliance on 31 January 2012 over the conduct of Levitt during the auction of Quoin Rock Estate, formerly owned by Dave King. The auction was held in Stellenbosch on 10 December 2011.

Appelbaum alleged that Levitt used a ghost bidder whilst conducting the auction which is contrary to the provisions of section 45 of the CPA.

The police are expected to issue him with a court summons on Thursday after which he will have 14 workings days, or until May 3 at 10am, to present himself to the commission, should he fail to do so a warrant for his arrest will be issued.

Should he be out of the country the summons would still be valid as long as it is served on his last known address of residence.



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