Hundreds of depositors of Golden Key (GK) are still struggling to recover their money after the company crashed and led to the collapse of a section of the finance industry. Most of the depositors are lower middle class citizens who have invested all their hard earned savings which includes their provident fund balances in the [...]

The Sundaytimes Sri Lanka

God above only hope for GK depositors

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Hundreds of depositors of Golden Key (GK) are still struggling to recover their money after the company crashed and led to the collapse of a section of the finance industry.

Most of the depositors are lower middle class citizens who have invested all their hard earned savings which includes their provident fund balances in the GK expecting a return to make ends meet in their retirement. A few depositors have killed themselves whilst some are ailing and finding it difficult to make ends meet.

The current Chief Justice on assuming duties announced that the GK case will be taken up at the Supreme Court in order to compensate the suffering depositors. It was joy and hope and we thought that at last justice has come to action and looked forward for an early settlement of our hard earned money. Well our hopes were shattered and short lived when the case was sent down to the commercial court. We have now come to square one and God knows what’s next in store for us.

Fraud and corruption, it appears, has come to stay in our society and nobody is concerned. Take for instance the hedging deal, import of contaminated fuel the rampant corruption at all levels. Criminals, drug barons and rapists are having a field day andall these nefarious activities are taking place after the end of a near 30- year war. Let’s face it, everyone was kept on their toes during the war fearing Prabhakaren’s wrath and society was, in that context, quite disciplined. Lalith Kotelawela and Kavan Perera and the corrupt, out on bail, have forgotten the crimes they have committed and continue to lead a life of luxury at the expense of the poor depositors money. I recall the day Kotelawela addressed the depositors soon after the downfall of the GK at the BMICH when he assured the depositors that all dues will be settled without delay. This is typical Kotelawela who once aspired to be the President of this country.

With the downfall of the GK in 2008, much noise was made by the media, providing news and the proceedings of the court cases to the public. It is now sad to note their absolute silence and none of the newspapers report on the court proceedings which is significant as this attributes to a massive fraud in this country. Is it that Kotelawela has bought the media?

Well, we the depositors are like driftwood, swaying to and fro passing each day dreaming of the hard earned money. We have no choice but to solely depend on the court that is Supreme above, not the one at Hulftsdorp for a worthy judgment against the gross injustice caused to the unfortunate depositors. God hear us and help us.




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