Ceylinco Director Board ordered to submit report on assets

Suranjith Perera Dehiwala Mt. Lavinia group corr.

Mount Lavinia Chief Magistrate Harsha Setunge yesterday ordered the Board of Directors of Ceylinco Group to submit a detailed report about the Group's clear assets to the Attorney Generals' Department on Monday.

He also ordered them to discuss and submit a methodology for repaying the money due to the depositors of the Golden Key Credit Company and submit it to Court on February 13. The Chief Magistrate issued this order when the case regarding the Golden Key Credit Company's Rs. 26 billion financial scam came up for hearing yesterday.

Chief Magistrate Harsha Setunge also further remanded Michael Carvan Perera, Sarada Sumanasekara, Manoj Chaminda Jayalath and M.M. Tuan the second, sixth, 15th and 16th suspects remanded in this connection.

Refusing the appeal for bail made on behalf of the suspects, the Chief Magistrate said it could not be possible until money due to depositors were repaid.

There were additional complaints made against the Ceylinco Board of Directors by aggrieved parties and the Chief Magistrate said all those cases too would be called on February 13.

He also ordered the third respondent Sicille Kotelawala to be present in Court on the next date.

Deputy Solicitor General Sanath Jayamaha appeared for the aggrieved parties in the case.