President orders justice for GK depositors
View(s):The Central Bank (CB) has been ordered by President Mahinda Rajapaksa to formulate a repayment plan for Golden Key (GK) depositors using all GK and subsidiary companies assets of GK directors including former Ceylinco chief Lalith Kotelawala.
The CB was directed to take control of all GK companies in Sri Lanka and abroad, freeze company properties and directors personal properties and use them to pay depositors following directives of the Supreme Court, said Dushyanthi Hapugoda, President of All GK Depositors Association.
This came after the President met a group of GK depositors at Temple trees in Colombo this week. CB Governor Nivard Cabraal was also present.
Some depositors said they were considering filing action against former Chief Justice Shirani Bandaranayake over the purchase of a discounted apartment at the Ceylinco-related Trillieum Residences.
“Depositors brought to the notice of the president that 65 per cent of 9129 depositors are elderly citizens. The depositors accused the former chief justice for depriving the repayment of 45 per cent of their deposits under a new re-payment plan,” the Presidential Secretariat said in a statement on the meeting. GK depositors carried out a protest campaign outside Ms Bandaranayake’s residence in the days leading to the debate on the impeachment motion.
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