ABTA has succeeded in recouping £132,000 from liquidators following the collapse of South Shore Travel (Southport) in 1993.
ABTA head of legal services Riccardo Nardi said he was delighted with the recovery of funds that will be returned to the Travel Agents’ Fund.
ABTA paid £590,000 out of the fund, which is used to cover any monies paid by the customer to insolvent companies, in ’93 when the company became insolvent.
South Shore directors Jack and Sheila Graham had been running an insurance fraud.
“We could have had a recovery in 1996 but we decided to pursue the directors to ensure it couldn’t occur again,” he said.
ABTA wanted criminal proceedings against the Grahams but the Department of Trade and Industry won’t be taking further action. The couple are banned from being directors for six and three years respectively.
This is a community-moderated forum.
All post are the individual views of the respective commenter and are not the expressed views of Travel Weekly.
By posting your comments you agree to accept our Terms & Conditions.