The German delegation of investors, in Sri Lanka last week to consider investing in the failed Central Investment and Finance Ltd (CIFL), left on Saturday without any finality on the proposed investment.
The 5-member delegation of Vandell Financial Services SA, Germany had meetings with the President, Finance Minister and other officials. Depositors said they were not invited for these meetings.
Earlier the CIFL Depositors Association (CIFLDA) said a preliminary MoU between the German investors and the authorities would be signed on the way forward. Latest reports say the delegation is likely to return. (Quintus)
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
Read this week’s Sunday Times for your interesting articles
Leave Comments