Travel boss faces penalty for dark options in collapsing
Sunday, 10. June 2012, 15:59
The former boss of collapsed operator XL Leisure is facing a £4m legal action over his involvement with Goldtrail, which went bust in 2010.
Legal papers have been served on Phil Wyatt, accusing him
of "providing dishonest assistance" to Goldtrail owner, Abdulkadir
The collapse of Goldtrail at the start of the peak summer
season cost the Air Travel Trust Fund almost £25m and forced the CAA to
repatriate 23,500 passengers and refund more than 75,000 with forward bookings.
Wyatt is accused of advising Aydin, together with two
associates from his investment vehicle Black Pearl, on the removal of funds
from Goldtrail and the transfer of deposits to an offshore account in the
Seychelles five months before the company was placed in administration.
Of the total £4m being sought by Goldtrail"s
liquidators, the claim against Mr Wyatt and his associates is £1.4m. It is also
thought another Turkish airline is being pursued.
Goldtrail's liquidators PwC, led by administrator Ian
Oakley-Smith, have served Wyatt with an order to appear in court and it is
waiting for his response.
Aydin is accused of "breaching his fiduciary duty and
making unlawful dividend payments", but PwC has been unable so far to
serve court papers on Aydin, who is a Turkish national.
Wyatt has also been linked to other failed ventures,
including Viking Airlines AB which suspended services from the UK in October
2010, and Tor Air, which collapsed last December.
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