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Joe Lewis: UK tycoon bailed in US fraud case but can't use superyacht

Related Topics: Joe Lewis, Valerie Figueredo

By Brandon Drenon

BBC News, Washington

A New York City court has imposed sweeping restrictions on British billionaire Joe Lewis as he awaits trial on insider trading charges.

Mr Lewis, 86, pleaded not guilty and was granted $300m (£230m) bail.

But the Manhattan judge required him to surrender his passport and banned him from using his superyacht.

Mr Lewis is not allowed to travel abroad, including to the Bahamas oceanside resort he reportedly co-owns with Tiger Woods and Justin Timberlake.

The tycoon, whose family trust owns Tottenham Hotspur football club, can still use his private plane - for business - within the boundaries of restricted domestic travel.