Cyprus-Forum.com

[Milo]

Elias Elia, whose credit card company E-Clear went bust with debts of £100 million, was also running a property development company in Cyprus, The Times has learnt.

The administrators BDO have been unable to trace any of the cash, including £35 million owed to the collapsed Scottish travel firm Globespan, and are now checking for links between E-Clear and Mr Elia’s personal assets.

This is expected to include Elian Developments, which claimed to be “one of the biggest development companies in Cyprus” and in which The Times has established that Mr Elia has a big involvement. Elian Developments is one of a number of subsidiaries of the Elian Group and currently advertises its London offices at the same address as E-Clear in Berkeley Square, Mayfair.



http://business.timesonline.co.uk/tol/b ... 001015.ece

[Abdul, The Bulbul Amir]

Another thieving Greek

[Wazzo]

I just can't believe a company like Globespan would have risked dealing with someone like this...he is a crook through and through yet even last year when the release of funds to Globespan's bank account became more erratic they still kept putting more funds their way. Not sure who is most to blame for Globespans demise???? Sad really as it was one of the better alternatives to get to Cyprus from Scotland especially during the winter months

[DT.]

I know this guy very well. He tried to buy a share into my firm in London a while back. I said I'd rather he didn't. He owed a mate of mine 6 months of salaries at the time.