TSG Directors refute administrators claims
With TSG creditors voting unanimously in favour of liquidating the company and all its subsidiaries at a meeting in Sydney last Friday, Joe Cicerello, a former Director of Travel Services Group director has refuted claims by TSG administrator Neil Cribb of RSM Bird Cameron that he may have continued as a TSG director after 2006 and possibly up to the appointment of administrators in March 2007.
Cicerello says he had served as a director of TSG from July 1995 and resigned the position last year after acquiring four Travelshop agencies from TSG and which then traded independently of TSG.
In a letter to RSM Bird Cameron, he also says that report provides significantly incorrect information about his asset ownership, claiming that he has interests in various real estate properties throughout metropolitan Perth, which he refutes.
Other directors are reported to be preparing to fight any claims, including Bob Sparks, who told The Mole today that are a range of serious inconsistencies in the administrators’ report and that he would comment further to The Mole on Tuesday.
Report by The Mole
John Alwyn-Jones
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