26 September, 2020

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Golden Key Cases: Govt Looking To Settle Depositors – Reward For Supporting Illegal Impeachment

By Colombo Telegraph

The fundamental rights cases filed after the Golden Key fiasco were listed today (04.03.2013) before de facto Chief Justice Mohan Pieris, Justice P. A. Ratnayake and Justice Eva Wanasundera.

Pix by Athula Devapriya shows protestors camped outside the CJ Shirani’s residence during the time of impeachment

Viraj Dayaratne, Deputy Solicitor General appearing for the Central Bank and Dr. Zafarullah, counsel appearing for aome depositors informed court that the government is now in the process of working out a repayment plan which is to be implemented soon.

The government did not step in to help the depositors for the past so many years despite the Central Bank having failed to properly regulate the deposit taking institutions of the Ceylinco group being a factor in the tragic collapse that saw many old and sick people lose all they had in savings. Several people died without means of treatment and some even committed suicide. Many others were unable to provide education to their children. Despite many appeals by such affected depositors, the Rajapaksa regime was unmoved until the controversial impeachment of Dr. Shirani Bandaranayake gave the depositors an opportunity to make themselves useful to the regime.

The Colombo Telegraph learns from reliable sources that the Rajapaksa regime entered into a secret pact with depositors’ associations that if they supported the regime by endorsing the controversial impeachment and demonstrating against Bandaranayake, they would be given relief. The desperate depositors jumped at the opportunity to get some relief.

However, several depositors expressed disgust at the fact that the government never showed genuine concern for their plight. “If the rulers didn’t want to oust Shirani Bandaranayake they would not have done anything for us”, said one depositor contacted by The Colombo Telegraph.”Is this democracy?” he questioned.

The Supreme Court presided over by de facto CJ Mohan Pieris directed for the case to be taken up on 02.04.2013 to consider the position. Pieris had earlier appeared in the case as Attorney General and on behalf of the Central Bank.

The cases were previously taken up after Pieris started exercising the functions of Chief Justice, before a bench which referred the cases to him, to decide on an appropriate bench to hear the matter.

Chief Justice Dr. Shirani Bandaranayake (now prevented from exercising her functions by the Rajapaksa regime after an impeachment process declared unconstitutional and void by rulings of the Supreme Court and Appeal Court) had taken over the hearing of the case from a bench presided over by Justice Shiranee Tilakawardane after many allegations that the Watawala Committee appointed by the court to facilitate repayments to depositors had been playing out the depositors and wrongfully alienating assets at much less than market value under cover of protection given by a Supreme Court directive that the Committee would be immune from liability. According to several legal experts contacted by The Colombo Telegraph, such immunity is controversial and not in keeping with the Rule of Law, since no-one should be above the law. Only the President they said is granted constitutional immunity from prosecution, and that too only while he holds office as President.

Anyhow, a large number of depositors now look forward to some promised relief.

Earlier, soon after the collapse of Golden Key, the directors of the Ceylinco group offered to work out a repayment plan. However, Mohan Pieris (then Attorney General) who appeared on behalf of the Central Bank in the Supreme Court, directed his subordinate State Counsel to make applications in cases filed in various Magistrate’s Courts against the directors, to have them remanded. This was done, and thereafter, Romesh De Silva, PC appearing for Ceylinco Group Chairman Lalith Kotelawela and Faisz Musthapha PC appearing for some other key directors told court that with the remanding of directors various factors spun out of control, making it impossible for the chairman and directors to work out a bailout plan.

In the meantime, The Colombo Telegraph is reliably informed that certain members of the Rajapaksa regime have been eyeing certain valuble assets of the Ceylinco Group.

In this situation, it remains to be seen as to how transparently Golden Key/Ceylinco assets are dealt with, and whether the depositors’ best interests are truly served as promised.

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Latest comments

  • 0
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    It is nearly two years since Shirani B gave these 9,000+ defrauded
    folk false hopes that justice will be done to them. Earlier, each of these depositors were assured Rs.200,000 which appears to have been
    sabotaged by that Committee of Chartered Accountants. It is time both the depositors and the public were informed how much these professional gentlemen paid themselves – for doing sweet nothing.

    The hopes of these suffering people were raised recently when Thilanga Sumathipala stepped and brought Basil Rajapakse assuring substantial payments. There is no certainty this will take place soon. What is certain is some relevant plum properties of Lalith Kotelawala, which Courts had ordered not to be trifled with, have changed hands surreptitiously. Between the time GKCCC collapsed in the last week of December 2008 until the Courts stepped in, many shady payments and deals were done between Lalilth’s team and some influential depositors – that included a famous Mudalali in the Hospital industry, some leading Cricketers, a powerful Buddhist priest and a few influential individuals – including some politicians. But it is the genuine depositors, who relied on Kotelawala for their retirement and living expenses to protect them from galloping inflation, who remain destroyed by this “religious, philanthropist-financial giant” What gaul for the man to answer “God only knows” when asked if he will honour his obligations – after stating in the beginning he will repay every cent – Capital and Interest – to protect the Kotelawala name.

    Senguttuvan

    • 1
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      Is it true that Golden Key collapsed , when MRS FERNANDOPULLE withdrew 950 million rupees at once with help from the Rajapaksas????

      • 2
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        I herd Mervin came to Hon.Lalith Kotalawela’s office with a set of Kelaniya goons and threaten to kill him if he did not give back their money immediately…..and GK and the group did not have sufficient liquid cash to give them.
        Mervin and the Rajapakses spread the humor that GKH is bankrupt…..rushing depositors to withdraw their money.

        Why Rajapakses did not rescue GKH when they could have kept the Assets as colatteral and settled the depositors is a mystry.

        How Rajapakses pump in almost 45 Billion Rupees to the loss making Sri Lankan and Mihin Air and on Leased planes also a mystery.

  • 2
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    Rajapakse family Conglomerate after acquiring several hi end properties, businesses, hotels, stockt market shares, bought through various commissions, trade deals, black money etc….were eying to acquire Golden Key and Cylinco properties after fradulently collapsing Golden Key empire.

    Here’s some of the deals that Rajapakse family Conglomerate made their money.

    Mahinda Rajapakse Hambanthota port 360 Million US Dollars. US$550 million for Hambanthota stage Two Port expansion. Also 15.9 Billion Rupees spent to blast ocean rock in Hambanthota harbour.

    http://www.thesundayleader.lk/2011/04/15/h%E2%80%99tota-port-%E2%80%93-an-additional-rs-15-9-billion-fiasco/

    Mattala Airport 210 Million US Dollars.

    2017 Youth Games 15 Billion Rupees.

    Hedging deal Robbed and wasted amount Rs. 230,000 M 230 B.

    Air Lanka Wasted and robbed amount Rs. 10,000 M 10 B.

    Mihin Air Wasted and robbed amount Rs. 5,000 M 5 B.

    Mig Deal Robbed amount Rs 4,00M 0.4 B

    Weerawila Air Port Wasted amount Rs 500M 0.5 B

    VAT Scam Robbed amount Rs. 35,000 M 35 B

    Safari Park Wasted amount Rs. 16,000 M 16 B

    Kerawalapitiya Robbed amount Rs. 23,000 M 23 B

    Uma Oya project Robbed amount Rs. 28,000 M 28 B

    Computers for divisional Robbed amount Rs. 1,200 M 1.2 B

    Purchase of Gantry Cranes total amount robbed Rs. 24,150 M 24 B

    Fly over contracts Total amount robbed Rs. 3,500 M 3.5 B

    Kerawalapitiya (Additional Losses)Robbed amount Rs 25,550M 25.5B

    Road Development in North amount robbed Rs. 28,000 M 28 B

    TOTAL AMOUNT ROBBED Rs. 780,490 Million rupees (780.5 Billion Rupees)
    (2011-2012 awaited)
    by transCurrents on January 3, 2010 plus other deals……

    Hon.Lalith Kotalawela is a staunch UNP supporter. Even though Lalith Kotalawela contributed immensly to Rajapakse election campaign, still Rajapakses wanted him to go broke so that he will not be able to contribute to UNP in future election campaigns. Also Rajapakses illegally acquired UNP Harry Jayawardena’s and Daya Gamage’s Sugar Plantations through appropriation Bill.

    Rajapakses through Central Bank has pumped 29 Billion Rupees to Sri Lankan Airlines and 19 Billion Rupees to Mihin Air to cover their losses, while made Golden Key to Collapse making all the employees and executive staff go unemployed and their familied to suffer and also made depositors loose all their money while some committed suicide.

    This was done when Hon. Lalith Kotalawela said he will even sell Ceylinco properties to settle GK depositors, but Rajapakses did not allow him to do so.

    Now Rakapakses are bosting to his Ministers saying CJ Dr.Shirani Bandaranayke even don’t have money to put petrol in her car…..while both her husband and son are unemployed and without any income to the family.

    Please read following web.
    http://srilankaxnews.com/index.php/newstop/item/2722

    Now after spending Billions of rupees for another wasteful Mattala Airport project, it is going to be the next BIGGEST EVER WHITE ELEPHANT IN SRI LANKA.

    Mattala Airport daily operational, logistics and administratrative expenses are going to be around 20 Million rupeer per day.

    Each landing/ lift off at Mattala Airport on a transit plane,it cost an Air plane additional 2 million rupees per landing.(4000 Jet fuel burned per each landing/ lift off X 450 rupees per gallon) This is seperate to the tire waste, extra logistics, utility and re fuel costs.

    http://science.howstuffworks.com/transport/flight/modern/question192.htm
    http://www.ehow.com/about_6171011_much-fuel-747-jet-burn_.html

    IMF rejected 1.5 Billion loan request.
    China has rejected US 500 million Dollar loan request.

    WHERE IS RAJAPAKSE CROOKS TAKING OUR COUNTRY……..

    IT IS TIME TO IMPEACH RAJAPAKSE FAMILY DICTATOR CROOKS AND THOSE WHO HELP THEM TO STAY IN POWER BEFORE THEY TAKE OUR COUNTRY FURTHER INTO ABYSS.

  • 2
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    Jayantha, while you have many good points and facts, these are crooks that foxed the world and show a blind eye to the concerns of the world and their own people. They are not leaders but crooks.

    They are taking advantage of a fundemantal flaw in our Sri Lankan race – our lack of concern for the common good but only to ourselves i.e. our selfishness. This flaw is what has brought to Sri Lanka to where it is. This flaw can be traced back all the way to the kings when they handed the Kandy kingdom to the “suddas”, to Bandaranayakes and also you and I. We are very a selfish race. This is the cause for our demise.

    So what makes you think anyone is going to rise up? Better yet, why don’t you take the initiative to rise up, rather than telling others to rise up!

    • 1
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      X Fernando,

      You say…”So what makes you think anyone is going to rise up? Better yet, why don’t you take the initiative to rise up, rather than telling others to rise up!”

      I keep these Rajapakse achievements as my History Memorabilia and Price Trophies.

      The initiatives taken to rise up has already happening, taken over by Sri Lankan Patriots called Bodu Bala Sena and Sinhala Rawaya. These are some of the things they do…..

      1)Promoting Sri Lanka as the world’s only tourist destination which serve only “pure Buddhist vegetarian menu throughout Sri Lanka”. All kinds of meat and liquor are PROHIBITED THROUGHOUT SRI LANKA.

      After charging each tourist US Dollars 125.00 per night in a 5 star hotel, …..the BBS new vegetarian Breakfast consist of Kiribath with Lunu Miris (Chili sambol) and a cup of Kotta Malli(Koriender water tea)costs US 25.00 dollars……(as regular tea is a British Colonial Imperialist by product and does not serve in Sri Lanka Hotels anymore under BBS rule) Also British introduced tea makes men impotent according to BBS.

      The 5 star tourist hotel BBS Sri Lankan style vegetarian lunch consist of red rice,pumpkin curry(wattaka),bean curry(Bonchi) and cucumber salad(pipinncya) charging US $50.00 per plate.

      BBS tourist hotel Dinner consist of Manioc(mannokka) with coconut sambol and veniwel geta and suduru(cumin water tea)charging US $ 50.00 per plate.
      No liquor or cigarettes will be served in Tourist hotels…..or throughout Sri Lanka.

      Following are the free live shows shown to Tourists by BBS and Ministers.
      ————————————————————————-

      1)Live shows of How to raid and demolish illegally erected muslim mos…ues and raid traders selling Halal foods.

      2) Live shows of How to kidnap in a white van, harass, murder any opposition member, reporters, journalists etc while Sri Lanka Police officers looks on…..similar to old Chicago movies.

      3)Now that Parliament member and defense secretary’s secretaty….Duminda Silva is back…..he shows how to import, distribute, market penetration of various stuff…and also how to murder an opponent while stale police looks on……and later how to get away from murder with the help of new Chief Justice.

      4)Tourists are also shown by Govt.Parliament members how to carry on a ra…pe, steal cows and gold and how to intimidate opposition to cross over to Govt. side. How to make 10% 20% 50% and 100% commissions, appointing relatives without any qualifications to top jobs, and how to steal disaster relief donation money and election and put an army General behind bars…..while impeaching a Chief Justice.

      These are some of the new Tourist attractions under Rajapakse chinthana ediri dekma shows shown to tourists LIVE in Sri Lanka.

      There are many more Tourism promotions going on at the moment and these are few of them…..While Govt. forecast 2.5 million tourists in 2016 when we need 200 more Tourist hotels to accomodate all of them and a very good investment opportunity to invest in Sri Lanka……while constant Power, Electricity, water, gas and fuel cuts.

      So you see now every body is rising up beyond their limits…..while the country is heading for Aischcharya Mahinda Chinthana Ediri Dekma. So why should I rise up when others are doing so.

      EVA BALAWA.

  • 1
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    PB – I heard from a leading UNPer, not far from Negombo, Jeyaraj F
    left a Trust where over Rs.2 billion was invested. How did such a large sum, in one investment alone, come to an unsuccessful lawyer who had difficulty in transport to Courts in the early 1980s.
    We might get an idea when some overhead and other bridges in the region collapse soon.

    Senguttuvan

    • 1
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      If we had the funds robbed by the Politicians of all governments since Independence we would be able to provide decent housing for all shanty dwellers who live in sub human conditions numbering over four million of a twnety million population. It is yet not too late with a Regime change to confiscate all such wealth by the handfull of Politicians who have not robbed being elected to govern this country.

  • 1
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    Gamini – It is time people began thinking of taking back from the rogues, both from within and outside, what was illegally plundered
    from the people – when the collapse comes. This will not be easy but
    it can be done.

    Senguttuvan

  • 0
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    WELL TO ALL ABOVE – LALITH KOTELAWALA IS AN EXCELLENT ACTOR A FIRST CLASS CROOK AND BRIBE CAPTAIN I SAY THIS WITH AUTHORITY –

    1. WHAT HAPPENED TO THE BILLIONS OF RUPEES HE RECEIVED FROM CYPRUS, BELGIUM, SINGAPORE, MALAYSIA, UAE AFTER THE TSUNAMI HIT SRI LANKA.

    2. WHAT HAPPENED TO THE MONEY HE RECEIVED FROM FOREIGN DONORS FOR THE SO CALLED HOME FOR ORPHANS HE STARTED AT THE SERENE RESORT (WHICH WAS ORIGINALLY BUILT TO TRICK RETIRED PEOPLE) OF THEIR HAND EARNED MONEY, AND WAS CONVERTED TO THE TSUNAMI HOPE FOUNDATION.

    3. WHAT HAPPENED TO THE BILLIONS COLLECTED BY WAY OF COMPULSORY DEDUCTION FORM THE SALARY OF STAFF FOR THE SO CALLED SARANA INTERNATIONAL LIMITED AND THE SUM OF RUPEES ONE MILLION COLLECTED EACH MONTH FROM EACH COMPANY IN CEYLINCO CONSOLIDATED WHICH COMPRISED OF AROUND 300 COMPANIES THAT FUNCTIONED VIZ.

    RUPEES 1,000,0000.00 X 300 = RUPEES 300,000,000.00 MILLION PER MONTH

    TRUE HE HELPED PEOPLE BUT NOT WITH HIS OWN FUNDS AS MANY AN INNOCENT SRI LANKA WAS UNDER THE IMPRESSION, BUT WITH THE MONEY BELONGING TO INNOCENT STAFF.

    4. HOW WAS APPROVAL GIVEN FOR HIS “FAST CASH” OPERATION AT SEYLAN BANK, WHICH PREVENTED MILLIONS OF FOREIGN EXCHANGE COMING INTO THE COUNTRY, AND THIS FOREIGN EXCHNAGE TRANSFERRED TO AN ACCOUNT OPERATED IN MAURITIUS UNDER THE NAME OF “ASSOCIATED GLOBAL INVESTMENTS” AN OFF-SHORE BANKING ACCOUNT.

    [Edited out] THE FINANCE DIRECTOR OF THE ENTIRE CEYLONCO CONSOLIDATED IS AWARE OF THIS ACCOUNT ALONG WITH LALITH KOTELAWALA’S LONG TIME SECRETARY [Edited out](APPRATENTLY WHOSE HUSBAND [Edited out] WAS APPOINTED CHIEF OPERATING OFFICER OF CEYLINCO DEVELOPMENT BANK, WHICH NOW HAS CHANGED ITS NAME TO CITIZENS DEVELOPMENT BANK TO HOODWINK INNOCENT SRI LANKANS ONCE AGAIN.

    [Edited out] WHO WAS ALSO EMPLOYED AT THE CHAIRMAN’S OFFICE AND HANDLED ALL AREAS IN REGARD TO FOREIGN AFFAIRS AND CHIEF EXECUTIVE DIRECTOR’S MEETINGS WOULD ALSO BE AWARE OF THE THIS ACCOUNT IN MAURITIUS, AS ALL PROFITS FROM OVERSEAS OPERATIONS WERE TRANSFERRED TO THIS ACCOUNT.

    5. WHAT HAPPENED TO THE MONEY IN AN ACCOUNT “CROWN INVESTMENTS” MAINTAIN IN THE UNITED STATES OF AMERICA.

    6. INVESTIGATIONS HAVE BEEN CARRIED OUT FROM THE BEGINNING OF 2009 AND IT IS NOW 04 YEARS AND 2 1/2 MONTHS, BUT IT SEEMS THAT THE CRIMINAL INVESTIGATION DEPARTMENT IS NOT ABLE TO GET TO THE BOTTOM OF THE FRAUD….. IT IS NOT DUE TO THEIR INABILITY BUT ONLY DUE TO LALITH KOTELAWALA BRIBING THOSE CARRYING OUT THE INVESTIGATION TO DELAY AND ULTIMATELY SWEEP ALL FINDNGS UNDER THE CARPET.

    FURTHER MILLIONS WAS TRANSFERRED TO THE CHAIRMAN’S OFFICE ON A WEEKLY BASED ON MEMO’S FORWARDED BY LALITH KOTELALWALA AND THE MOST RECENT ACCOUNT THAT WAS OPENED BY LALITH KOTELAWALA WAS “S & L INVESTMENTS (PVT) LTD.” WHERE THESE WEEKLY TRANSFERS WERE REMITTED UNDER COMPULSION.

    7. LALITH KOTELAWALA USES HIS GUARDS FROM CEYLINCO CISCO SECURITY FOR HIS PROTECTION AND EVEN IN THE PRESENT AS WAS WITNESSED WHEN HE APPEARED IN COURT LAST WEEK. THESE GUARDS ARE ARMED AND HE EVEN SAYS THAT HE COULD HAVE ANY SHOT AND KILLED…… I HOPE THE AUTHORITIES WILL TAKE THIS SERIOUSLY AS THIS WAS WHAT HAPPENED TO THE JOURNALIST FROM “SUNDAY LEADER” NEWPAPER, AND ANY DEPOSITOR OR PERSON WHO IS A HINDARANCE TO HIS LUXURIOUS STYLE OF LIFE WILL MEET WITHI HIS/HER WATERLOO ON THE INSTRUCTIONS OF LALITH KOTELAWALA TO HIS BLACK GUARDS.

    8. WHAT HAPPENED TO ALL THE COMPANIES THAT OPERATED UNDER THE GOLDEN KEY GROUP, WHERE A CONSIDERABLE AMOUNT OF MONEY WAS TRANSFERRED IN SETTING THESE COMPANIES UP…. WHAT HAPPENED TO THE THUNDERING PROFITS FROM THESE COMPANIES ….. THAT WERE SET UP IN AUSTRALIA, NEPAL, BANGLADESH AND THE UNITED KINGDOM….. THE NAMES OF THE COMPANIES HAVE BEEN CHANGED AND NEW DIRECTORS APPOINTED WHO ARE STOOGES OF LALITH KOTELAWALA.

    9. WHAT HAPPENED TO THE PROPERTY THAT WAS PURCHASED IN QUEENSLAND – BRISBANE, AUSTRALIA WHERE FUNDS WERE TRANSFERRED FROM THE GOLDEN KEY CREDIT CARD COMPANY LIMITED. – [Edited out] FROM CEYLINCO SLATS DEVLEOPMENT PTY. LIMITED IS AWARE OF SAME ALONG WITH THE COMPANY SECRETARY APPOINTED IN AUSTRALIA [Edited out] FROM INTERNATIONAL PROFESSIONAL SERVICES PTY LTD.

    SIMILAR TO WHAT HAS HAPPENED IN COMPANIES IN SRI LANKA….. CEYLINCO INSURANCE THE CHAIRMAN IS KOTELAWALA’S LONG TIME DIRECTOR AND FRIEND.

    THE ABOVE IS JUST A FEW INSTANCES OF WHERE ALL THE FUNDS WERE TRANSFERRED FROM CEYLINCO CONSOLIDATED AND THE GOLDEN KEY GROUP WHICH CAUSED THE COLLAPSE, THE LIST COULD GO ON AND ON.

    IT DOES NOT TAKE SO LONG A TIME AS FOUR YEARS TO INVESTIGATE AND COME ABOUT A SOLUTION….[Edited out] SHOULD BE ARRESTED AND INTERROGATED AND THE FUNDS FROM MAURITIUS BROUGHT BACK TO SRI LANKA AS [Edited out] WAS ALSO A SIGNATORY.

    [Edited out] AND [Edited out] ARE ALSO AWARE OF THESE ACCOUNTS AS PROFITS FROM COMPANIES OVERSEEING BY [Edited out]THE DEPUTY CHIEF EXECUTIVE DIRECTOR OF THE GOLDEN KEY GROUP WAS TRANSFERRED TO THIS ACCOUNT.

    IN SHORT THERE IS NO PROBLEM FOR LALITH KOTELAWALA TO SETTLE THE DEPOSITORS OF THE GOLDEN KEY CREDIT CARD COMPANY AND OTHER COLLAPSED FINANCIAL COMPANIES IN CEYLINCO GROUP, AND HE WOULD HAVE SUFFICIENT FUNDS TO LIVE HAPPILY EVERY AFTER.

    INSTEAD LALITH KOTELAWALA THINKS THAT HE CAN PLEASE GOD ALMIGHTY BY HAVING PRAYER MEETINGS CONDUCTED AT HIS RESIDENCE BY NONE OTHER THAN THE FORMER ARMY COMMANDER [Edited out] AND HIS WIFE [Edited out] ALONG WITH A FEW OTHERS FROM THE PEOPLE’S CHURCH – ASSEMBLY OF GOD IN KIRIMANDALA MAWATHA, NAWALA.

    IN FACT [Edited out] AND HIS WIFE [Edited out] HAD INVESTED OVER RS. 12.O MILLION PRIOR TO THE COLLAPSE OF THE GOLDEN KEY CREDIT CARD COMPANY LIMITED AND IT AMUSING TO NOTE THAT LALITH KOTELAWALA PAID HIS DEPOSIT BACK AND APPOINTED [Edited out] AS A DIRECTOR OF CEYLINCO INSURANCE……

    A PERSON CAN TRICK MAN BUT HE CANNOT HOODWINK GOD ALMIGHTY….. IF LALITH KOTELAWALA IS BELIEVES GENUINELY IN THE LORD JESUS CHRIST HE WOULD PAY BACK THE DEPOSITORS ….. EVEN TO THE POINT OF RISKNG HIS LIFE AND COMFORT AND THEN BE A TRUE TESTIMONY…….

    THOSE SO CALL BOGUS HUMBUG CHRISTIANS FROM THE PEOPLE’S CHURCH – ASSEMBLY OF GOD WILL PAY FOR THEIR SIN AND GRIEF CAUSED TO THE HOLY SPIRIT.

    I DO HOPE THAT THOSE IN AUTHORITY IN SRI LANKA… EVEN HIS EXCELLENCY THE PRESIDENT….. THE HON. CHIEF JUSTICE (DE FACTO) MR. MOHAN PEIRIS, THE GOVERNOR OF THE CENTRAL BANK MR. AJITH NIVARD CABRAAL AND THOSE IN THE CRIMINAL INVESTIGATION DEPARTMENT WILL READ THIS BLOG AND TAKE APPROPRIATE ACTION AND INVESTIGATE AND BE ABLE TO PAY THE DEPOSITORS IMMEDIATELY.

    BY THE WAY WHY HAS [Edited out] PROPERTY AT PELAWATTA, BATTARAMULL AND AN APARTMENT AT HYDE PARK RESIDENCIES NOT BEEN SOLD.

    WHY HAS [Edited out]’S RESIDENCE AT VICTORY GARDENS HOKANDARA NOT BEING SOLD.

    @M. Gone – We have to edit names here, but you can write to us with all the proof you have. – CT

    • 1
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      The above seems a naration of some one who has lost through GK or known to the parties who have lost out. Generally business world over is done with other’s money. That is either with Bank funds or investments made from the public. There is nothing sinister about this but if the system collapses the company or the individual/s has to bear the brunt. It is no secret that Lalith Kotalawela had his leanings towards the UNP and it was no flash in the pan as to what and how his Associate Companies crumbled as it was a well planned out manouver just like how the Americans put Raj Rajaratnam down. Does one seriously believe the Americans were unaware all these years that Raj Rajaratnam was dabbling with insider trading all this time? For that matter the Americans are keeping a close tab on all large movements of funds the world over in the banking network including that of all the Politicians the world over, which helps them to deal with all Governments. Further through the satellites they observe every detail in every country including the Ganja plantations in our country which they tip off the authorities here, in the deep jungles. Crippling Lalith Kotalawela was a necessity for their elected man MR and his family to take controll of the Economy here. Therefore Lalith Kotalawela is not a rogue as claimed by those who have lost out, but a victim of circumstances. Many will blame him now for the ways he handled funds but the truth is, he was the main player when he ran the business before when the Empire was his. It is for that reason that he nor his wife was pursued, but a swift transfer of assets of the Business was effected and the rest retained other than some of the closest to the system were paid off but not the average investor. Today MR has taken the opportunity to heap blame on former CJ for not having settled the average investors, but the truth is none were paid due to his own insistance, lest the Company and Seylan Bank would have collapsed. Let us see MR’s magnanimity now whether he will settle all investors? It was not MR’s brain, but the powers behind saw the opportunity to use this lot of investors with the story to gang them up against the former CJ to be ousted. This is what happened and the public can see in the future how they have been hoodwinked? Although many believe MR is running the country, it appears an outside body is responsible for all what has happened under MR including the selection of people for high posts like Nevard Cabral and the manouvering of the UNP members who were very critical of MR’s Tsunami Fund handling then are today the best defenders of MR. Bell Pottinger & Co seem to have fared well so far in balancing the act.

  • 0
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    PLEASE LET ME KNOW ON EMAIL TO WHOM I SHOULD WRITE. THERE A WHOLE LOT OF OTHER FACTS.

    colombotelegraph@gmail.com

  • 1
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    M.Gone,

    First what you should understand is Hon. Lalith Kotalawela is not a mushroom businessman which grew overningt and bloomed next day…….and disappeared for ever.

    He has been in business for ages, and he is well reputed and has all the freedom to do whatever business ,whereever he wants as long as they are carried out legally.

    After all it is with those business taxes they pay to government, that govt. carry out all the service programs such as Health, Education,children’s programmes etc, to the citizen……and not with those ever money loosing corporations including Sri Lankan and Mihin Air which are run by Govt. Crooks and Ministers that are loosing Billions of rupees to the economy and citizens.

    Have you read about India’s world’s 22nd richest man Ambani with 21.5 Billion US dolls or Mittal with 36 Billion dollar Business tycoon or India’s other 46 Billioneers or India’s 158,000 Millioneers…..

    http://www.businessweek.com/stories/2007-04-15/mittal-and-son
    http://timesofindia.indiatimes.com/business/india-business/India-to-see-242000-millionaires-by-2017-Report/articleshow/16808092.cms
    http://www.bbc.co.uk/news/world-asia-india-19921501?oo=0

    Where do you think all these people invested their business and at….what locations. Does India worry about them as long as they pay taxes……….

    How about China’s 271 US Dollar Billioneers…….and they are doubling every two years.
    http://www.telegraph.co.uk/news/worldnews/asia/china/8746445/Chinas-billionaires-double-in-number.html?oo=41647999

    For Jealous beggers like you, Rajapakses and other Govt.crooks who have not seen money before that do not allow our own capable, efficient, talented and hardworking people to flourish in Sri Lanka…….and as a result they leave Sri Lanka and doing well in other countries.

    Why don’t you Fuc…..ers go and tell India and China to arrest their Thousands of Billioneers…….without sending Poor Rizanas to Saudi Arabia to work as Slaves…….It is jealous people like you and Rajapakse Family crook goons who are ever cunning, stealing and Jealous of our own people to flourish in our own countries that made them go to other countries. Sri Lanka is a Crooks paradise for Rajapakyas when ordinary people suffer.

    Now MARA calling other countries to invest while depriving it’s own citizen to do business and do well in Sri Lanka.

    Can you ask Govt. why it gave 17 Vehicles to Ministry of housing(Wimal Weerawanse- today’s Daily Mirror interview) when he even didn’t ask for them……….Why…….

    How about Sri Lankan, Mihin Loosing Billions while the Chairman who is MR family goon wearing a 4 Million rupee Rolex watch and having 4000 Dollars in his home drawyer.

    WHAT I WANT TO TELL IS WHEN HON. LALITH KOTALAWELA WANTED TO SETTLE ALL THE GK DEPOSITORS EVEN BY SELLING HIS CYLINCO GROUP PROPERTY…..IT WAS EX. CJ SARATH N. SILVA AND PRESENT CJ MOHAN PEIRIS THAT BLOCKED HIM ………WHY THEY DID NOT ALLOW HIM TO SETTLE GK DEPOSITORS THEN…..WHILE JAILING ALL THE GK MANAGERS, EXECUTIVES AND HON. LALITH KOTALAWELA……..MAKING THEM SUFFER, GO UNEMPLOYED AND ALSO SUFFER THEIR FAMILIES AND GK WORKERS.

    CAN YOU FIND OUT WHY………………..ALL THE REST OF YOUR WRITINGS ARE PURE CRAP AND BULLSHIT……..

    Please double check your name as Gone….or… Gona.

  • 0
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    Jayantha – If the Hon. Lalith K wanted, even today, he can go to Courts and openly declare he wishes to settle the GKCCC depositors to the last cent – and thus save the honour of his family’s name.
    It is possible influential actors in the infamous venal regime – like the Most Hon. Mervin S may have broken into Lalith’s Ivory Towers seeking filthy lucre – dropping the names of VVIP’s. But what was stopping Lalith K from making this known to the public.

    If it is true Jeyaraaj F’s wife wanted to withdraw Rs.950 million and thus caused the collapse of GKCCC, this information should be made available to the public and due process of the law. I know I am asking for much. Was the confusion created at GKCCC to keep matters of this ill-smelling nature finding its way to the open – to protect the name of the regime. If that is so, it is such a shame the lives of 10,000 middle and upper middle class families were compromised with – resulting in over a dozen commiting suicide and nearly a 100,000 rich thrown to the streets to hunger and poverty.

    Senguttuvan

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      Senguttuvan, you are suggesting Lalith K. to go before Courts and offer to settle the depositors? Do you seriously believe MR regime will allow that and for the Company to lose all the assets which are in the hands of the Family? Nothing of that will happen the Ceylinco Empire with Seylan Bank will continue providing the family an avenue to carry on the business.

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        Not only Lalith K’s Empire is in the hands of the Rajapaksa family, it appears that Harry Jayawardene’s too will be Rajapaksa property very soon.

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    HI JAYANTHA
    YOU SEEM TO BE A KOTELAWALA FAN….. WELL IF LALITH KOTELAWALA SO WISHES TO PAY BACK ALL THE DEPOSITORS HE COULD SURELY GO AHEAD AND ANNOUCE SAME IN OPEN COURT AND HANDOVER ALL HIS ASSETS, EVEN HIS RESIDENCE AT NO. 28, ELIBANK ROAD, COLOMBO 4. BUT IT IS A KNOWN FACT THAT LALITH KOTELAWALA ONLY WANTS NAME AND FAME.

    NO ONE CAN HIDE BEHIND THE CROSS OF JESUS CHRIST AND DABBLE ABOUT IN FILTH, THIS IS WHAT LALITH KOTELAWALA IS SIMPLY DOING ALONG WITH SOME SO CALLED BORN AGAIN CHRISTIAN WHO WORSHIP AT THE PEOPLE’S CHURCH IN KIRIMANDALA MAWATHA AND ARE ONLY WHITE WASHED TOMBSTONES STHINKING INSIDE BUT THE OUTWARD APPEARANCE TRY TO ACT HOLY .. AND CONDUCT WEEKLY PRAYER MEETINS TRYING TO TRICK GOD…. WHICH WILL NEVER BE.

    I SUPPOSE JAYANTHA YOU ARE ONE OF THOSE PERSONS WHO LICK THE DRY SHIT OFF KOTELAWALA’S BOTTOM AND AS LONG AS YOUR NEST IS WELL FEATHERED CARE A TUPPENCE ABOUT OTHERS WHO ARE SUFFERING.

    JAYANTHA COULD YOU TELL ME WHY SICILLE KOTELAWLA BOLTED FROM SRI LANKA…. IF THE KOTELAWALA’S ARE SO INNOCENT THAT YOU IMPLY WHY DOES NOT SICILLE KOTELAWALA RETURN TO SRI LANKA AND REPORT TO THE CID…..

    JAYANTHA LIVE IN REALITY.

    WELL TO THE FACTS I HAVE STATED EARLIER…. IT IS AN OPPORTUNITY FOR THE CID TO INVESTIGATE AND FIND OUT ….. INSTEAD OF FALLING PREY TO KOTELAWALA’S BRIBES.

    ONE MORE QUESTION JAYANTHA…. WHO WAS INSTRUMENTAL IN THE KILLING OF SOMA HAMUDURUWO….. IT WAS NONE OTHER THAN LALITH KOTELAWALA WHO USED THE SERVICES OF HIS EXECUTIVE THUG NIRMAL DE SILVA WHO PAYED THE PRICE OF HAVING TO SUFFER AND DIE OF THE DREADED DIEASE CANCER.

    YES THE SO CALLED HON. LALITH KOTELAWALA AND THE DIRECTORS SHOULD ONCE AGAIN BE THROWN IN TO PRISON FOR NOT HONOURING BAILS CONDITIONS AND THIS WILL BE REALITY SOON AND VERY SOON…… THIS IS THE POWER OF PRAYER.

    THE GOD THAT I WORSHIP IS ALIVE AND WILL NOT LET KOTELAWALA AND HIS BORAD OF DIRECTORS DIE BUT THEY WILL SUFFER IMMENSELY FOR ALL THE AGONY THEY HAVE CAUSED TO THE ELDERLY AND CHILDREN.

    WHAT A DISGRACE TO KOTELALWA’S LATE FATHER JUSTIN KOTELAWALA.

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      M.Gone,

      If you read my previous comment properly, you should understnd what I try to explain.
      In the business world all depositors monies are re-invested in other Business ventures such as stock market,Import-export, Housing,industry, education, health,Rental property, real estate, tourism, constructing hospitals and running them etc…etc…

      Please listen carefully to following web video, and read the folowing webs.
      http://www.derana.lk/index.php?route=programs/programs/programdetails&pid=85&vid=6192&page=1

      https://www.colombotelegraph.com/index.php/preparing-for-the-next-war-via-enabling-laws/
      http://www.thesundayleader.lk/2009/12/06/%E2%80%9Cwhy-i-fell-out-with-the-rajapaksas%E2%80%9D-%E2%80%93-general-sarath-fonseka-explains/

      In any country including USA there are laws to protect both investors and the industry when they face bankruptcy while rescuing them by Govrnment. In USA there’s chapter 7 and 13 Bankruptcy protection Law to protect both industry and individuals which US Govt.did rescue all three auto makers….GM,Ford and Chrysler six years ago and now they are doing very well.

      My Questions are…

      1)Why Rakapakses did not allow or did not give time to Hon.Lalith Kotalawela to settle GK depositors……when customers asking 100’s of millions of rupees in a hurry and at one time…..

      2)Who spread the rumor that GK was facing bankruptcy…..other than MARA, Mervin and his thugs, Jayaraj Fernandopulle’s wife and other govt. goons.

      3)Why they did it……Because Mr.Kotalawela was a UNP party supporter who contributed to his party……and MARA wanted to stop it. Also Mr. Kotalawela is a Popular Icon and a Good Christian……and MARA envied him for that. Also MARA was greedy to acquire GK assetts like the way he acquired old British High commission Building, several Hi-end properties in Colombo and suburbs, Hotels, Hospitals including Apollo hospitals, Shell Gas company, Harry Jayawardena and Daya Gamage’s sugar plantation and industry etc,……

      4) Why didn’t MARA kept GK assets as Colateral and settled these depositors, while pumping over 60 BILLION RUPEES to rescue loss making Sri Lankan Air and Mihin Air on planes bought on Lease payment which are loosing daily……….

      5)Why didn’t then CJ Sarath Silva allow Mr.Kotalawela to sell his other assetts to settle GK depositors……..Please read following web…….
      srilankaguardian.org/2013/01/the-silva-factor-what-went-wrong.html
      Also what happened to the over 15 Million santhosam CJ Sarath Silva got by acquitting MARA from Tsunami scandal.

      6)What happened to 12 Million rupees World bank gave to CJ Sarath Silva to further training and upgrade Law education in Sri Lanka.
      bbc.co.uk/sinhala/news/story/2005/09/050928_helping_hambantota.shtml?oo=41647999

      4)Kotalawela wanted to sell even Cylinco Group to settle GK depositors….but MARA or ex. CJ Sarath Silva did not allow him to do so and Jailed Mr.Kotalawela, hid executives and managers…..Why…..

      5)Nobody…..not even Banks keep Billions of cash as liquid cash on hand and takes time to pay- off depositors.But both MARA and CJ Sarath Silva and CJ Shirani Thilakawardena did not allow Mr.Kotalawela to settle GJ depositors…..Why……..

      6)Also can you disprove the folloing…..Please read following web..
      https://www.colombotelegraph.com/index.php/rajapaksa-family-stands-to-receive-in-commission-anywhere-between-us1-2-to-us-1-8-billion-during-2005-15/

      7)What happened to VP’s two tons of Gold and Lorry loads of foreign and local currency…..

      8)What happened to Tsunami World aid Helping Hambanthota money…..

      9) What happened to KP’s ships, London Gas stations and Super marketrs, Foreign Bank deposits and the Illegal Drug Trade…….Who acquired all of these.

      10)What happened to all the Commissions Rajapakses got from fake projects…….

      11) What happened to all the Gold, assetts, furniture, vehicles, cash and Jewlry of all the war refugees and war dead………

      12)What happened to UNP Harry Jayawardena and Daya Gamage’s Sugar plantations……. Who is running the Biggest Kasippu business now in Sri Lanka…..
      lankaenews.com/English/news.php?id=13525

      You say Lalith Kotalawela killed Soma Hamduruwo….It is the latest hilarious humor I received from you. Can you prove it with witnesses. Why not file a case against Lalith Kotalawela as a Murderer…….Is it a MARA GOTA cover up to acquire GK and Cylinco Properties.

      Also what disgrace your boss brought to our country after stealing Tsunami Helping Hambanthota donations sent by world community, many are from Children who broke their Piggy banks, while many other foreign middle class and poor older people who sent their life savings and charity organisations and churches sent money to help our homeless people who lost everything to Tsunami.

      It was JR using his thugs that started 1983 Black July riots to loot Tamil peoples property and lives….Now it’s Gota using BBS studs instigating violance against Muslims to rob their assetts. Watch the following web.
      https://www.youtube.com/watch?feature=player_embedded&v=MxGCY6-tMAM
      lankaenews.com/English/news.php?id=13573

      Mr.Gone….Please do your home work before replying my above questions…..and reply honestly.

      I will post next batch of questions to you after I read your reply.

      Mr. Gone….WE COULD JUDGE WHO IS LICKING DRY SHIT AND HIDE BEHIND THE CROSS OF JESUS CHRIST ONCE I RECEIVE YOUR ANSWERS TO MY ABOVE QUESTIONS.

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    Kotalawala & clan enjoyed on poor peoples money. most of them worked hard thei entire lives in salvery. This [Edited out] also murderer & looter Lootin is their in their blood.

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    WELL JAYANTHA

    KOTELAWALA NEVER INVESTED IN STOCK MARKET BUT THE FUNDS WERE TRANSFERRED TO ACCOUNTS MAINTAINED IN MAURITIUES – “ASIAN GLOBAL INVESTMENT”, USA – CROWN JEWELS, MALAYSIA, SINGAPORE, AUSTRALIA TO NAME A FEW.

    IF KOTELAWALA IS A GOOD CHRISTIAN AS YOU SUPPPOSEDLY SAY, HE WOULD REPAY ALL THE DEPOSITORS BRINGING ALL THE MONEY HE HOLDS IN THE FOREIGN ACCOUNTS AND SETTLE ALL THE DEPOSITORS. IN THE BIBLE THIS IS WHAT ZACCHUEUS THE SHORT MAN WHO CLIMBED THE TREE TO SEE JESUS AND WHEN JESUS WENT TO ZACCHEUS’ HOUSE HE WENT OUT AND RETURNED ALL THE HE HAD STOLEN.

    JAYANTHA, KOTELAWALA IS ONLY HIDING BEHIND THE CROSS FOR HIS OWN PERSONAL GAIN. BUT THE LORD ALMIGHTY, JESUS CANNOT BE FOOLED AS SOME PEOPLE LIKE YOU.

    COULD YOU ANSWER MY QUESTION WHY MRS. SICILLE KOTELAWALA DOES NOT RETURN TO SRI LANKA?????

    KOTEWALA IS THE MOST INTELLIGENT CONFIDENT TRICKSTER.

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    HI JAYANTHA
    WHY HAVE YOU GONE SILENT???? I SUPPOSE YOU ACCEPT WHAT KOTELAWLA HAS DONE.????

    FURTHER WE ARE DISCUSSING ABOUT KOTELAWALA AND HIS ARCH TRICKERY AND NOT ABOUT H.E. THE PRESIDENT, STUPID GOTHA(BHAYA) AND THE MR. BBS’s

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