After an extensive trial, Sunrise International Travels Inc. has been convicted of one count under the Travel Industry Act of failing to keep customer funds in a designated trust account until payment was made to the supplier of the travel services or a refund was provided.
Ramnarine Tiwari, an officer and director of Sunrise, has been convicted of failing to take reasonable care to prevent Sunrise from committing an offence of failing to keep customer funds in a designated trust account. The Ontario Travel Industry Compensation Fund has paid claims in excess of $1 million in relation to the closure of Sunrise on Dec. 18, 2009.
Sunrise was sentenced as follows: Fine of $20,000 payable by July 17; and Restitution Order for $23,310.86, payable to TICO by July 17. Tiwari was sentenced as follows: Period of incarceration for 60 days, served intermittently. The sentence is to commence on July 20; and Probation order for the duration of the jail sentence.