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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2647

Business Magnate Lalith Kotelawala remanded over Golden Key fruad

Colombo, 26 February, (Asiantribune.com): The business Lalith Kotelawala remanded till March 11. Lalith Kotelawala remanded till March 11. magnate Lalith Kotelawala was remanded on Thursday by the Mount Lavinia Chief Magistrate in connection with the Golden Key fraud case till March 11.

On the sane issue, the Magistrate issued a warrant for the arrest of Sicile Kotelawala, wife of Lalith Kotelawala, on her return from abroas. She has been abroad since the inception of this case.

Chief Operating Officer of Golden Key and PA to the Deputy Chairman Khavan Perera - Ms Padma Nandini Kumar, was also remanded till March 11.

Kotelawala was made a suspect in the case along with Perera and others for financial misappropriation and other charges.

The Magistrate Harsha Setunga also ordered the Ceylinco Group to submit a list of assets worth Rs 26 billion in order to settle depositors in the next two weeks.

The Magistrate also rejected the medical certificate submitted on behalf of Mrs Kotelawala.

In this case, Mr. Kotelawala and the other directors, Suramya Karunanayake, Niranjan Fernando, Daniel Jegasothy, Padmini Ramanayake, Bandula Ranaweera, Renuka Carmaline de Alwis, Punya Shantha Ranatunga, Priyantha Dewaprasad Jayasekara, Padma Nandani Kumari and Lasantha Tissa Wickramasinghe had earlier been allowed personal bail of Rs. 25 million each, while three other suspects Deputy Chairman Michael Khavan Perera, Director Finance Saradha Sumanasekara and Manoj Chaminda Jayalath of Ceylinco Insurance had been remanded in connection with the alleged financial irregularities amounting to Rs. 26 billion at the Golden Key Company.

- Asian Tribune -

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