Repayment plan for Golden Key depositors

Charumini DE SILVA

Former Golden Key Directors are in the process of implementing a re-payment plan for the Golden Key credit cardholders based on the company’s assets.

The Golden Key Credit Card (GKCC) Old Depositors Association President Dushanthi Hapugoda told Daily News Business that the depositors are very pleased with the President, the Central Bank Governor and the Attorney General for personally attending to this issue.

With the Government intervention in the Golden Key credit card issue the former directors have now appeared to provide a solution, which will benefit all depositors who are registered under the Central Bank.

According to GKCC Old Depositors Association President Dushanthi Hapugoda former directors will present the repayment plan on January 15 to the depositors and on January 18 they are planning to present it to the Committee of Chartered Accountants and also to the Central Bank Governor. She said if all these parties are approving the re-payment plans of the former directors; the proposal will be put forward to the Supreme Court’s approval.

She said all the Golden Key depositors who have not registered yet under the Central Bank needs to register them selves to benefit from this repayment plan.

The GKCC Special Purpose Vehicle (Pvt) Ltd. was registered in August 2010 to manage the assets of Golden Key Group and the depositors are the shareholders of this company.