23 June, 2021

Blog

Golden Key Circus To Continue

Following the standing down of Mohan Pieris from hearing the Golden Key Fundamental Rights case, a five judge bench today directed that the entire case be re-heard on three different days in November.

De facto Chief Justice Mohan Pieris

De facto Chief Justice Mohan Pieris

Justice Sripavan who headed the bench informed all parties present that the De Facto Chief Justice Mohan Pieris had ordered a five judge bench to hear the case.

This is after Pieris stepped down from hearing the case, after what he said a ” scurrilous letter” defaming him was being circulated to his family and friends.

It was alleged that the letter was sent by the Directors of Ceylinco Insurance who stood to lose their stake in a sham fund ” CIESOT” which the De Facto Chief Justice had earlier directed to be frozen.

Subsequent Financial Investigation Unit reports and Security and Exchange Commission reports identified the trust fund to be held for “collateral purposes”.

The De Facto Chief Justice showing much bravado and ferocity declared the trust fund a “sham device” and said in open court that “no intimidatory tactics will intimidate the court” before meekly recusing himself from the bench.

The five judge bench will comprise Justice Eva Wanasundera and Buwaneka Aluwihare in addition to Rohini Marasinghe, Sripavan and Sisira De Abrew.

The Golden Key depositors have continuously urging court to re-pay the money that was due to them and had on over 50 occasions appeared before court.

Many of the depositors have committed suicide and in financial ruin due to the Golden Key debacle.

The entire repayment of the depositors was to be completed by January 2015 according to the Task Force Chairman Priyantha Fernando prior to the Chief Justice standing down from the case.

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Latest comments

  • 0
    1

    Quite obviously the court can not come to conclusions on the CEYSOT fund without, a forensic audit. KOTALAWELAS HAD28-30% SHARES ,IN CEYLINCO INSURENCE PRIOR TO THE GOLDEN KEY DEBACLE. WHERE ARE THOSE SHARES. THE CEYSOT SHARES MISTERIOUSLY WENT UP. EVERY CEYLINCO EMPLOYEE KNEW WHAT WAS HAPPENING IN THAT COMPANY. I HAVE HEARD FROM EMPLOYEES, THAT SOME OF THESE INDIVIDUALS ,WHO OWN SHARES IN CEYSOT, HAVE LOANS OWING TO CEYLINCO.
    CHIEF JUSTICE IS TRYING TO GET THOSE SHARES KOTALAWELA HAD,JUST BEFORE THE GK DEBACLE THAT HAVE BEEN MANIPULATED BY THOSE NEPHEWS, (niece’s husband)AND GUNDAS.
    THE TRUSTEES IN THIS CEYSOT ACCOUNT ARE KOTALAWELA ,WIFE AND RENGANATHAN,!
    Those shares clearly belong to those depositors.

  • 0
    0

    we have the Golded key and sakvith sagas but who will remember the Lee Potter scam?

  • 0
    0

    ” ….The entire repayment of the depositors was to be completed by January 2015 according to the Task Force Chairman Priyantha Fernando prior to the Chief Justice standing down from the case…” While there are still a few honest and honourable men in the country and the judicial system the process, on the whole, is in the hands of ghouls who feed on the blood of the poor and those innocently caught to the schemes of multi-billion rogues enjoying political connections.

    The talk among GKCCC Depositors is they will end up only with 1/3rd of their deposit values. No interest will be calculated from December 2008 – the week Kotelawala’s Ponzi collapsed. The 4th payment of Rs.100,000 each is a massive con – that has been let loose to offer false hope to the protesting Depositors in the past year or so. The balance of the spoils will be split among the ghoulish bootlickers in the regime.

    By the way, what happened to the hopes Basil Rajapakse raised in the minds of the Depositors when he publicly took up their cause?

    Backlash

  • 0
    0

    Where are the BASL boss and the Lawyers Collective?.

    Are they busy helping the LTTE Victims to win some compo from Galleon Stash ,some which is in the custody of our own Ravi Karunanayaka.

    Will Ravi come to an out of court settlement with the poor victims of the LTTE because New york Law is not only too expensive, but PM Rudra can be a formidable attorney to handle if he decides to appear for the custodians of the TRO funds.

    And my mate P .Lover is worried about Lee Potter….

    • 0
      0

      why sumanasekera cant I be bothered about Lee Potter scam as after all it harmed the native inhabitants that both you and me hold dear to our hearts ?

      unless of course you have something to hide hik hik ;)

  • 1
    0

    Basil, if he has been lying, must be voted out of power by the Sri lankan donkeys.
    Those CEYSOT Stake holders, deserve what they get. If the court asks for a list of these stake holders and a schedule of “employees loans to the company” for the last six years it will have some interesting revelations.
    Buyer be aware! They say. These CEYSOT fellows biggest shareholder being Kalu Gnnnda never knew whose shares they now poses?

  • 1
    0

    The separation of powers is so inept in Sri Lanka that even the vital judiciary head Justice Mohan Peiris has flown with Mahinda to be blessed by the highest of the pontiffs in the Vatican to further compromise the judiciary.

    Mohan does not understand the basics divorce of powers and will not miss any opportunities go to bed with the Executive who absolutely controls the Legislature.

    Where did he obtain his degree in law as his legal mind-set is no different to the bought over law degree of Mahinda who cannot think anything legally and execute judiciously.

    • 0
      0

      Adding to the comments of reader Salted Fish, comes to mind an event years ago when then Chief Justice HNG Fernando politely declined an
      invitation from the PM Mrs. B to visit Temple Trees to discuss some
      issue where the State was to finance the Justice Dept on some project
      supported by overseas funding. The message was the meeting of the judiciary and the executive only should be confined to ceremonial and public occasions. What great men they were. Their very names and memory evokes respect and awe.

      Those were the times when the image and reputation of this little country was held in high esteem by the world – with our healthy, robust and free system of Law and Order leading the way. An age in which the higher judicial system was fortunate to have most honourable learned and wise gentlemen (and ladies) leading the country. Today it is yes men/women and cringing and salivating mice bowing before the corrupt political leadership – pretending to be men and women meting out justice. From the time Felix Dias destroyed the system believed due to personal prejudice to the time Shirani B was seen all smiles in public when the Presidential sonny “passed” out as a lawyer it has been a steady decline that has totally disfigured our legal system.

      R. Varathan

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