Oh dear..
"E-Clear enters administration
Tuesday, January 19, 2010
Chris Gray
Controversial credit card payment company E-Clear was today placed in administration by order of a high court judge.
Mr Justice Vos made the order after hearing that there was no more than €10 million in E-Clear’s bank accounts according to evidence submitted by its director Elias Elia yesterday.
The court was told that E-Clear owes collapsed airline and operator group Globespan a minimum of £22.5 million and there was little prospect of E-Clear being able to pay its debt.
Mr Vos appointed BDO as administrator"
Oh Dear, if you add the missing Globespan money to the missing SkyEurope funds then I hope that Mr Vos has a lot of noughts on his calculator,,,,,,,,,