//
you're reading...
travel news

E-clear under investigation by the SFO

Once described as repulsive, Mr Elias Elia head of E clear, who’s firm deliberately withheld funds, that caused the collapse of several high profile firms including Globespan… Is at last under investigation by the SFO..

The Serious Fraud Office has launched a formal investigation into credit card processing company E-Clear, according to reports.

The firm, which collapsed earlier this year, is thought to have caused the failure of Scottish airline Globespan in 2009 after it withheld £35 million of its money.

The SFO has been in touch with administrators BDO, the accountants handling the administration of E-Clear.

BDO is thought to be working on a plan to recover assets from E-Clear chief executive Elias Elia, a Cypriot national, who has stayed in the UK since his company’s collapse.

In March, BDO said they had uncovered just £72,000.

Elia claims he is personally owed millions because of the failure, and has lodged a claim with the administrator.

The Prevention of Fraud in Travel Group has repeatedly called for an investigation into the firm.

Advertisements

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

On the beach holidays review

Beware of, OTBEACH or ON THE BEACH Holidays plus otbeach.co.uk and finally OntheBeach.co.uk -

On the beach complaints and reviewsOn the Beach Otbeach warning.

Or check out - On the beach holidays, ot beach, I book holidays a con site?

otbeach on the beach holidays The bulk of the "On the beach complaints" concern - Persistent call backs after you think you have booked online to ask for more, huge extra cost surcharges. Extremely poor customer service .

According to ABTA they trade as: On the Beach, I book holidays, Otbeach so be careful.

Enter your email address to follow this blog and receive notifications of new posts by email.

%d bloggers like this: