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| Version 0 | Version 1 |
|---|---|
| Tour company given Globespan cash | Tour company given Globespan cash |
| (about 6 hours later) | |
| The credit card company blamed for the collapse of airline FlyGlobespan was using money it had withheld to prop up another of its boss's companies. | |
| A BBC investigation has found that about £100m was owed when E-Clear was forced into administration. | |
| BBC Radio 4's Face the Facts programme has found £1.5m of E-Clear money was used to help prop up Allbury Travel. | BBC Radio 4's Face the Facts programme has found £1.5m of E-Clear money was used to help prop up Allbury Travel. |
| The tour operator is owned by the chief executive of E-Clear, Elias Elia. It is now also in administration. | The tour operator is owned by the chief executive of E-Clear, Elias Elia. It is now also in administration. |
| The case has raised questions about why there was no financial regulator watching E-Clear's activities. | The case has raised questions about why there was no financial regulator watching E-Clear's activities. |
| Mr Elia has not responded to requests for comment, while E-Clear's administrators continue to investigate where the millions went. | Mr Elia has not responded to requests for comment, while E-Clear's administrators continue to investigate where the millions went. |
| FlyGlobespan was grounded in December, leaving thousands of people stranded and about 600 people out of work. | FlyGlobespan was grounded in December, leaving thousands of people stranded and about 600 people out of work. |
| Its administrators focused on the £35m it was owed by E-Clear, which handled its online credit card transactions and withheld them for months. | Its administrators focused on the £35m it was owed by E-Clear, which handled its online credit card transactions and withheld them for months. |
| When administrators sued, they found that money had disappeared, and others were owed as much as £65m more. | When administrators sued, they found that money had disappeared, and others were owed as much as £65m more. |