The Carlton Sports Network (CSN) property in Nugegoda is to auctioned by the People's Bank to recover over Rs.61 million default in payments by the sports network last year.
A newspaper advertisement by the bank on Monday stated that the bank’s “Board of Directors has resolved unanimously to auction the mortgaged property and premises of CSN at Nugegoda in view of the default in payments for a sum of Rs.61.2 million”. CSN in under probe by the Police.
The 31.4 perch property situated at No.221, Stanley Thilakaratne Mawatha is where the sports network's former television channel Max TV which was later converted to You TV was situated. (SD)
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
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