BusinessBusiness RecoveryBDO steps up investigation of E-Clear

BDO steps up investigation of E-Clear

Administrator looks at what happened to money

BDO is to investigate whether funds from E-Clear the stricken card payment
processing group, were dirverted into other businesses.

Debt to creditors at E-Clear stands at around £100m, according to the
Daily Telegraph, but only
£100,000 was available in company accounts when administrators took over.

PwC,
administrators
of Globespan
, the collapsed budget airline, calculates E-Clear may have held
on to £35m in payments. Other cleints of E-Clear include Bridge Group
International and Totally Travel.

Read more:

Globespan
collapse

PwC
pursues C-Clear in High Court

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