Feb 05 - CTS Closure

graFollowing a direction issued by the GRA to CTS, last week, requiring them to cease operations after not renewing their licences, the Regulatory Authority has further insisted that the company must inform clients that operation will cease by close of business on Friday.

The Authority also insists that CTS must not take on any more clients, and must cease advertising. They must also provide the GRA with the number of clients presently on the company’s books, by today. The Company has informed the GRA that it continues to owe substantial debts, including Government and landlord debts.