I see a pattern
Anything that has gone wrong with the project is solely the blame of the previous MD. He made the deals, decisions etc, so it's his fault that money hasn't gone to where it should've gone.
Except, he's left the company and agreements have been made. If I left my company and I made a deal with a service provider that deal would still be in place regardless where I am. And he's been gone for over a year, with those agreements in place. So why hasn't the replacement(s) made good on those agreements or sought to re-negotiate?
It strikes me that Levy is a politician in training.