The plan to nominate former directors of the Golden Key (GK) Credit Card Company including Lalith Kotelawala who are still considered suspects in alleged misappropriation of GK funds, as members of the 5-member board of directors of the proposed holding company to be set up to settle depositors is raising several legal issues, Attorney General’s Department sources said.
Sri Lanka’s cash-strapped Government is implementing far reaching tax reforms from April 1 in a move towards simplification of the tax system while also improving the effectiveness of tax administration, in keeping with Budget 2011.
