Business Standard
Sunday, Feb 12, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

Travelocity accuses Cleartrip CEO of data theft
Mihir Mishra / New Delhi Dec 23, 2009, 01:03 IST

Travelocity India has accused Cleartrip Chief Executive Officer Stuart Crighton of conniving with senior officials of Desiya Online Distribution Ltd to commit data theft, which led to a loss of business.

Cleartrip has termed the charges as baseless.

Desiya Online Distribution became a subsidiary of Travelguru after it was acquired by the latter in November 2006. Travelguru was further acquired by Travelocity in August 2009.

In a First Information Report (FIR) filed at a Gurgaon police station, Travelocity has said employees of Desiya Online Distribution Ltd — MD Amit Taneja, Regional Manager (North) Sanjeet Singh and travel consultant Imran Ansari — have passed on data to Cleartrip. The charge is breach of the Information Technology Act, 2000.

"We have filed a criminal complaint and an FIR has been registered. We believe that criminal offences have been committed and there is sufficient evidence to prove the same. I am sure the guilty will be brought to book," a Travelocity spokesperson said.

Cleartrip officials said they were aware of the FIR which names them, but have termed the charges as baseless.

"We are convinced that the said FIR is misconceived, baseless and likely filed with ulterior motives," a Cleartrip spokesperson said. "We have full faith in the judiciary and are extending co-operation to the relevant agencies," he added.

In its FIR, Travelocity has alleged that Taneja shared the "entire hotel business model, projections and other proprietary information with Stuart". The FIR also has a list of alleged email communications between the Cleartrip CEO and Taneja.

Despite repeated attempts, the employees could not be reached for their reactions.

Travelocity offers online travel services and is present in 40 countries, with web sites in 12 languages. It provided $10.1 billion (over Rs 47,000 crore) worth of travel services in 2006. The company acquired Travelguru this year.

Cleartrip.com is one of the top three online travel agencies in India with a 35 per cent market share.

The online travel industry in India is expected to grow to $6 billion (over Rs 28,000 crore) in 2010 in terms of revenues (the value of transactions as opposed to the earnings of travel firms).

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Weekly: Uptrend continues, broader markets outperform
- Bad roads, power cuts main poll issues in Bareli, Amethi
- Pantaloon Retail, Trent on a re-structuring drive
- Dassault, RIL ink MoU for collaboration in defence sector
- Unity Infra to raise Rs 175 cr, diluting stakes in two SPVs
  Read Business news in 
- Now property search gets more exciting than ever before!
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- Are You Serious About Your Future? Click here to know more
- Financial Learning now made easier and more convenient.
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- This V-Day, hotels serve love at first bite
- Jyoti Malhotra: Islands in the storm
- Government seeks India Inc help to push agriculture schemes
- Sreelatha Menon: Recycling microfinance
- S&P downgrades ratings of 34 Italian banks
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us