TICO appeals MKI decision

TICO has appealed the recent court decision regarding the matter of Ron Greenwood and MKI Travel and Conference Management Inc. (MKI).

The following counts were appealed:

Finding Ron Greenwood not guilty of failing to prevent MKI from committing an offence of failing to deposit trust funds into the trust account (two counts);

1. Finding MKI and Ron Greenwood not guilty of an offence of failing to hold trust funds in the trust account (one count each);
2. Finding Ron Greenwood not guilty of failing to prevent MKI from committing an offence of failing to obtain the Registrar’s consent in advance of opening a second trust account;
3. MKI Travel and Conference Management Inc. operated in Ottawa and elsewhere in Ontario.  The Ontario Travel Industry Compensation Fund has paid claims in excess of $2 million related to the closure of MKI in May 2013. 

The matter will be heard at the Ontario Court of Justice in Ottawa at a date yet to be determined.