Mississauga, ONT. – After being charged by the Travel Industry Council of Ontario (TICO), Akkiratourz Ltd. was convicted of two accounts of failing to hold customer funds in a designated trust account and one count of failing to deposit customer funds in a designated trust account. Akkiratourz actions were contrary to S 27(6) and S. 27(3) of the Regulation to the Travel Industry Act and Section 31)(1)(c) of the Act.

Ms. Gukadharsini Packiyanathan, a Director and Officer of Akkiratourz Ltd., pleaded guilty and was convicted of three counts of failing to take reasonable care to prevent Akkiratourz from committing the aforementioned trust accounting offences, contrary to S. 31(2) of the Act.

The Court ordered Akkiratourz to pay fines of $20,000 per count on each of the three counts for a total fine including 25 per cent surcharges of $75,000.

The Court ordered Ms. Packiyanathan be placed on probation for two years, including supervised requirements, such as 200 hours community service and a fine of $6500 payable to the Ontario Travel Industry Compensation Fund, paid in full on or before June 26, 2020. Ms. Packiyanathan is also prohibited from being a travel agent or travel wholesaler, or an Officer or Director or employee or contractor of a travel agent or travel wholesaler for two years.

Formed in 1997, TICO is a not-for-profit corporation wholly financed by Ontario-registered travel agents and wholesalers. TICO administers the Travel Industry Act, 2002 and the Ontario Travel Industry Compensation Fund. TICO may be contacted at (905) 624-6241 or 1-888-451-TICO.  Visit TICO’s website at www.tico.ca or email TICO at This email address is being protected from spambots. You need JavaScript enabled to view it..



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