Agent denies report of legal action

A travel agent has denied his firm is the subject of legal action by a disgruntled shareholder.

Carl Paiva, CEO of Worldview Travel, which rebranded earlier this year from C Travel after a buyout, said the thrust of a media report last week was untrue. 

And he said he had contacted the media outlet to ask for an apology.

Mr Paiva added that a man who is a shareholder in C Holdings, which had been the holding company for C Travel (a firm that no longer exists), had been quoted as suggesting not all shareholders had access to financial reports. 

And he intimated that collective legal action might be afoot.

But Mr Paiva said that the financial reports, which date back to 2009, had been made freely available to all shareholders at the offices of a legal firm.

He added: “Every single shareholder was invited… to read the report, which is customary. 

Some shareholders didn’t but it’s a month-long period when they could come and read the report.”

And he said: “He [the shareholder] is trying to undermine my reputation, which is ridiculous. 

“I don’t know what else to say.”

C Travel was sold to Worldview in 2011, leaving C Holdings owning only office space in the Bermudiana Arcade.

Mr Paiva added that C Holdings has no interest in Worldview Travel.

He said that the shareholder, who owns just over 660 shares out of 62,000, also got a dividend from the sale of C Travel’s office space, which was also in the Bermudiana Arcade.

The shareholder could not be reached for comment.