Stephen Vaughan
The bank was closed down by authorities when it was discovered it provided banking facilities to a significant number of companies involved in carousel VAT fraud.
Ken Beasley, the official receiver of the service’s public interest unit, said: “Carousel VAT fraud is a serious offence which deprives the UK of billions of pounds of tax revenue each year, and we will investigate any director of a company involved in such actions.
Mr Vaughan’s disqualification takes effect on November 25.
He will be banned from acting as a company director, or in any way controlling a company, until November 24, 2020.
If he breaches the undertaking, he may be prosecuted.
Mr Vaughan currently owns Chester City FC, which is bottom of the Blue Square Premier League.
