Mar 27, 2009 - Serwat Naz Ahmed - Conviction

Toronto – Serwat Naz Ahmed was convicted on one count of failing to maintain trust accounting contrary to section 27 of Regulation 26/05 made under the Travel Industry Act, 2002. Ms. Ahmed was the President of Dreamworld Travel & Vacations Inc. Dreamworld Travel & Vacations Inc. had been previously registered under the Travel Industry Act, 2002 and the registration was terminated on August 15, 2007. Claims to consumers in the amount of $1,620 were paid from the Ontario Travel Compensation Fund. Ms. Ahmed reimbursed the Travel Compensation Fund.

Ms. Ahmed was fined $1,000. The charge of failing to maintain trust accounting against Dreamworld Travel & Vacations Inc. was withdrawn.

Formed in 1997, TICO is a not-for-profit corporation wholly financed by Ontario-registered travel agents and wholesalers. It 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 e-mail address is being protected from spambots. You need JavaScript enabled to view it .'; document.write( '' ); document.write( addy_text29894 ); document.write( '<\/a>' ); //-->\n This e-mail address is being protected from spambots. You need JavaScript enabled to view it