Deputy Minister of Resettlement, Vinayagamoorthy Muralitharan, better known as Karuna, snaps a photograph of Minister Nimal Siripala de Silva and two pretty female guests at last week’s dinner hosted by Thirukumar Nadesan, Chairman, Hotel Developers (Lanka) PLC and the Board of Directors at the Colombo Hilton. (Pic by Dimuthu Premaratne)
On a Supreme Court directive
Ceylinco assets worth Rs. 4 bn. transferred to SPV to repay GK depositors
In an unprecedented boost to the prolonged struggle to repay suffering Golden Key (GK) depositors, the Supreme Court last week directed the transfer of two major Ceylinco Consolidated assets valued at around Rs. 4 billion to the dedicated Special Purpose Vehicle (SPV).
This was the first time since the collapse of GK, a Ceylinco subsidiary in 2008, that two significant assets of substantial monetary value are to be disposed of to raise funds...