Kotelawela and the others - Suramya Karunaratne, Niranjan Fernando, Daniel Jegasothy, Padmini Karunanayake, Bandula Ranaweera, Renuka Carmaline de Alwis, Punya Shantha Ranatunga, Priyantha Dewaprasad Jayasekara, Padma NandaniKumar and Lasantha Tissa Wickramasinghe. Magistrate Harsha Sethunga imposed a personal bail of Rs. However of this money he had taken Rs 15 million and deposited in his own account at the Seylan Bank, court was told.Ĭeylinco group chairman, Lalith Kotelawala and 10 other directors of the Golden Key Credit Card Company were released on bail while its Deputy Chairman Michael Khavan Perera, Finance Director Saradha Sumanasekara and Manoj Chaminda Jayalath of Ceylinco Insurance were remanded till January 16 in connection with the alleged Rs.26 billion financial scam. Manoj Chaminda Jayalath of Ceylinco Insurance, a suspect who also served at the Golden Key, was given Rs.33 million to hand over to various other institutions. 78 million had been given to a person who had no connection whatsoever with the credit card company. The auditor’s signature had also been forged and the CEO of the company and one of the Vice Chairmen of a Ceylinco group company had allegedly siphoned funds of the company, it was revealed in court.Ī sum of Rs. 20 million but the actual loss was amounting to Rs. According to the financial statement 2007 the Golden Key Credit Card company posted a profit of Rs. The DSG said these financial statements and audit reports were prepared to show profits but the company was actually running at a loss. No board meetings were held during the past four years. Investigations revealed that the financial statement and audit report of the company had been changed and adjusted with the consent of the senior management to deceive the board of directors. He said that this was the biggest financial scam reported in Sri Lanka. Rs 20 billion fraud was reported and this is much higher than the country’s defence expenditure amounting to Rs. Making submissions on behalf of the CID, Deputy Solicitor General (DSG) Sarath Jayamanna told court that preliminary investigations revealed that a Rs. were revealed before the Mount Lavinia Chief Magistrate when the Golden Key financial misappropriation case was taken up for hearing on Tuesday. Golden Key fraud, biggest scam in Sri Lanka - DSGĭetails of dealings and financial irregularities of the Golden Key Credit Card Co. It does not store any personal data.Details of dealings at Golden Key revealed in court The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. The cookie is used to store the user consent for the cookies in the category "Performance". This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. The cookies is used to store the user consent for the cookies in the category "Necessary". The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The cookie is used to store the user consent for the cookies in the category "Analytics". These cookies ensure basic functionalities and security features of the website, anonymously. Necessary cookies are absolutely essential for the website to function properly.
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