An administration order against credit card processing firm E-Clear was today granted at the High Court after evidence was presented that is has virtually no money.

E-Clear chief executive Elias Elia was ordered last week to provide bank statements by noon on Friday.

He missed this deadline, but late evidence presented on Monday revealed the company has about Can$130,000  on deposit.

BDO LLP has been appointed  administrator of E-Clear and will investigate where the £35m owed to Globespan and the tens of millions of pounds owed to other companies are.  

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