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Tuesday, 29 May 2012

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GKDA members seek redress in Supreme Court

The Golden Key Depositors' Association members individually filed motions and affidavits in the Supreme Court seeking redress .

The petitioners are Roshan Harindra Fernando and Ishani Srimathi Fernando, in addition to several other petitioners. The respondents cited are the Central Bank, together with additional respondents.

The joinder petition states interalia:

The seventh petitioner Lalith Kotelawala in filing his bail application by way of an affidavit had agreed to dispose his assets and compensate the depositors.

However it remains a puzzle as to why he has not done so. Therefore Lalith Kotelawala has violated his bail conditions. The respondents' bail bond should be revoked.

Although it is the responsibility of the Attorney General to inform the Supreme Court, no course of action in this direction has been initiated.

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