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Mottershead set to reach agreement over defamation suit with Travelzest

Chris Mottershead, the suspended boss of AIM-listed travel company Travelzest, is set to settle with the firm over a defamation suit, filed after allegations linking him to misappropriation of funds.

Prior to the allegations, Mr Mottershead had been expected to return to the travel giant Tui, where he had been a senior executive, to run its Canadian operations. However, Tui has withdrawn offers of employment. Mr Mottershead declined to comment.