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Travel agency dupes residents of Rs40 lakh, accused at large

Amritsar Posted at: Jul 20, 2018, 1:55 AM; last updated: Jul 20, 2018, 1:55 AM (IST) Travel agency dupes residents of Rs40 lakh, accused at large Accused Gurpreet Singh has been on the run. He runs GBDS Overseas Tourist and Study Visa, located at Deep Complex on the court road. He doesn't possess a licence, which is mandatory as per law. A travel agency has duped residents of lakhs of rupees on the pretext of sending them abroad. Ironically, GBDS Overseas Tourist and Study Visa, located at Deep Complex on the court road, did not possess licence, an investigation revealed. The Civil Lines police have booked the owner, Gurpreet Singh, on the complaint of Ramesh Kumar, who hails from Uttar Pradesh. He said Gurpreet duped many persons of Rs 40 lakhs on the pretext sending them to Canada, New Zealand and other countries. Ramesh said he had borrowed money from his friends and relatives to pay to Gurpreet around two years ago but he did not keep his promise. He said his relatives started harassing him for money. A case under Sections 420, 467, 468, 471 of the IPC and Section 13 of Prevention of Human Smuggling Act was registered at the Civil Lines police station on Wednesday.

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Corporate Travel Management acquires Hong Kong agency

Corporate Travel Management acquires Hong Kong agency Corporate Travel Management (CTM) said Wednesday it has acquired a majority stake in Lotus Travel Group Limited in Hong Kong, making it the largest travel management company in Hong Kong. CTM purchased 75.1% of Lotus for $37.4 million. The majority ownership will take effect Oct. 2. Ever Prestige Investments Limited, CTM's partners in Asia, will acquire the remaining percentage of Lotus through CTM Asia. Lotus has operated for over 60 years in the corporate, business-to-business, wholesale and meetings and incentives markets. It has 400 staff members and offices in Hong Kong and Greater China. The Lotus acquisition is a continuation of CTM's expansion into Asia. "Together, we will become a leader in the Greater China market and will be well positioned to enhance our client offering, technology and expertise in this market," CTM managing director Jamie Pherous said in a statement. Pherous called Lotus "a key part of our Asian business." CTM, No.

For the original version including any supplementary images or video, visit https://www.travelweekly.com/Travel-News/Corporate-Travel/Corporate-Travel-Management-acquires-Hong-Kong-agency

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