Legal action is to be taken against the Golden Key credit card defaulters, including some aggrieved depositors, who owe the company Rs 300 million, Attorney General’s Department sources revealed.
CID investigators are trying to determine how such a high amount was allowed to accumulate by the management during the past few years.
A week ago, a dedicated account was opened at the Bank of Ceylon by the Central Bank for GK credit card holders to settle their dues as soon as possible under a Supreme Court order but so far no payments have been made. Investigators also found documents which show that credit card dues amounting to Rs.144 million of Ms. Nandani Kumari, a GK director and also personnel assistant to Deputy Chairman Khavan Perera have been written off and that she had been issued three new GK credit cards by the management. Both of them are now in remand prison in connection with the GK fraud case.
A 3-member committee of accountants is now assessing the value of the list of assets of GK and its subsidiaries and is expected to report to Court when the GK fundamental rights case resumes tomorrow.
The assets of the GK group and its directors could be auctioned with the approval of the Supreme Court to recover liabilities and repay depositors, a senior Attorney General’s Department official said.
He added that some of the directors have not declared their total assets as required and some of them have transferred their assets to their children, relatives and friends. Investigators are also trying to determine how Rs 5.9 billion of GK money has been used to float 62 sub companies during the past few years. |
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