18.04.2010 - 15 (23:59 SLT)
By Amarasara - Sunday, April 18, 2010 - View Full Newsletter
Golden
Key scam : While Central Bank struggles to raise liquid cash - Kotelawala and directors told
"they cannot take it easy"
(18.04.2010 - Sunday Island, SL)
As the
inadequacy of liquid cash continued to impede moves to repay Golden Key
depositors, the Supreme Court appointed Committee of Chartered
Accountants summoned Ceylinco Chairman Lalith Kotelawala and other
directors for a discussion focusing largely on a more proactive role
they should play to resolve this long-drawn crisis.
Kotelawala and the Directors/CEOs of Golden Key and its subsidiary
companies were specifically told during the two-hour meeting at the
Central Bank on Tuesday (April 6) that "they cannot relax and take it
easy" while the Committee struggled to raise funds to settle investors
who have been denied their capital plus interest for the past 15 months,
officials said.
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