The Central Bank is now in the process of finalizing arrangements to begin the repayment, as soon as possible, of Golden Key (GK) Credit Card Company depositors with deposits of Rs. 1 million or less, a senior official of the Central Bank told the SundayTimes FT.
He noted that the Special Task Force on GK at the Central Bank will contact these depositors soon to begin the much awaited re-payment process in accordance with the Supreme Court directive.
The Task Force has finalized the verification of details provided by depositors with the information recovered from the Golden Key computer system, he said. He disclosed that there were around 3,800 depositors who have deposited Rs.1 million and less.
Under the repayment plan put forward by the 3-member Committee of Chartered Accountants the Central Bank will start settling 75% of the value of their deposits with a maximum ceiling of Rs 100,000, he said.
However at the initial stage these depositors will be paid a maximum of Rs.100,000 and the balance within three months.
Those who have deposited Rs 100,000 rupees will receive Rs 75,000 rupees, he added. Depositors who have a deposit of between Rs.1 million and Rs.2.5 million will be considered for re-payment within six months after the completion of the first category in accordance with the repayment plan and this segment covers 2,505 depositors.
The others will be settled within a year. The task of paying back depositors has been entrusted to the GK Secretariat which operates in the Central Bank under the direction of Chief Operating Officer (COO), J. P. R. Karunaratne. |
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