Ferntea, a Sri Lankan company that went through a crisis after a major stake was acquired by GoldQuest-related companies, has gone into liquidation.
The order to wind-up was given by the Colombo District Court last month based on an application for liquidation by Carmel Consolidated Pvt Ltd. Carmel is owned by Jayantha Fernando and its directors include his two children, Christhane and Shyamica.
Mr Jayantha Fernando said that soon after GoldQuest, through its representative in Colombo Anura Fernando, purchased Carmel’s stake in Ferntea, Mr Fernando and his two daughters were removed as directors with Anura Fernando taking over as chairman in July 2006. GoldQuest is an international company suspected of promoting pyramid schemes which are banned by the Central Bank. Carmel’s Mr Fernando said the company collapsed after that due to the court cases, other issues and also a cheating case where a Turkish tea buyer Mechmet Peltek complained to the CID that the company owes him Rs 12.1 million. Case no 4407 has been filed against three directors including Mr Anura Fernando in the Colombo High Court.
Carmel has also obtained an enjoining order from the District Court barring Goldquest from voting on the shares on the grounds that the shareholdings are illegal. Mr Anura Fernando has since then resigned from the company. |
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