Libra Accommodations CY LTD, the company that signed accommodation contacts with Cypriot Hoteliers was operating illegally in Cyprus.
After the court case P.C Mavros Vs Libra in Cyprus (Paphos District Court (case number 3806/07) dated 26 Nov. 2008 9 the vale was uncovered. According to the Cypriot Registrar of Companies, Libra Accommodations (CY) LTD with Directors among others Mr. Adreas Drakou (known as managing director of the fatal Helios Airways ) , Mr. Themis Drakou , Mr. Adreas Koumis (who resigned the 13th of March 2007), Mr. Theodoros Antoniou (who also resigned the 20th of June 2007) was formed as a company the 17th of February 2000. This company has since then signed various accommodation contacts with various hotels in the Republic of Cyprus but they NEVER had an operating licence on the island. The Cyprus Tourism Organisation has never given this company a licence to operate as an incoming travel agent and therefore Libra Accommodations CY Ltd has never been a proper, legal tour operator or travel agent with licence to bring tourist in Cyprus.
In 2007 Libra stop paying many hoteliers among others the small hotel Apollo Hill in Pafos. After long discussions and negotiations Apollo Hill operated by a family company ( P.C. Mavros and Sons LTD) took the case to the court and on the 26th of November 2008 the court decided against Libra. When the civil servants of the court went to Libra offices in Limassol, they discover that the company had nothing at all as moveable of fixed assets, neither any cash to fulfil the decision of the court.
P.C. Mavros and Sons LTD has contacted the Cyprus Tourism Organisation (CTO) offices in order to claim the bank guarantee all agents deposit according to the law. It was then when the owner of P.C. Mavros and sons LTD discovered that Libra did not even requested an operating licence.
As a conclusion we can say that Libra Holidays that is the mother company of Libra Accommodations has been operating since the year 2000 (for 9 years until today) illegally in Cyprus.
Picture Above: From left to the right:
Mr. Photis Photiou (President of CTO in 2005), Mr. Andreas Drakou (Managing Director of Libra Holidays Group), Akis Kyprianou (Executive Director of Libra Holidays Group- in 2005 who resigned in 2007).