- Last Update 2025-06-09 16:47:00
MP Gunawardena ordered to auction property in the event of failure to settle Pan Asia Bank loan
The Colombo Commercial High Court today (Feb 26) ordered that if Parliamentarian Bandula Gunawardena failed to settle his Rs 1,200,000 loan to Pan Asia Bank, the MPs property down Jambugasmulla Mawatha in Nugegoda be sold in a public auction and the amount be recovered.
Mr. Gunawardena during proceedings claimed that he had placed his signature on the mortage forms mistakenly.
However, Judge Ashan Marikkar had dismissed the claims by pointing out that such an excuse could not be entertained from a person who had previously served as a tuition teacher.
The Parliamentarian, a one-time Finance Minister had obtained bank overdrafts and loans amounting to Rs 1,200,000 from Pan Asia Bank through four instalments.
The loans were obtained under the name of Alpha Digital (Pvt.) Ltd. – a company owned by Mr. Guawardena.
Accordingly, a case was filed against MP Gunawardena and Alpha Digital (Pvt.) Ltd. for failing to repay the loans and the interest to the bank.
The prosecution also claimed that the former Minister had mortgaged his house in Jambugasmulla Mawatha while obtaining the overdrafts and loans.
-
Still No Comments Posted.
- May 31, 2025 - 497 - 0
Flt Lt Kasun Cumaratunga , more than a pilot, a guardian remembered on his 37th death anniversary
Kasun, was born in 28th Sept 1964, the grandson of the legendary author and linguist Munidasa Cumaratunga and son of SSP Bindu Kumaratunga and Winifred
- June 2, 2025 - 464 - 0
National Tax week launched
The Inland Revenue Department (IRD) backed by the Excise and Customs Department today launched a fresh drive to collect taxes including some Rs.780 billion listed as ‘collectable defaults’.
- June 2, 2025 - 372 - 0
SriLankan Airlines’ new A330 Fleet to perform low fly past over Colombo on Wed.
- June 3, 2025 - 213 - 0
Krishanthi Kumaraswami convicts FR dismissed by SC
The Supreme Court today unanimously dismissed a Fundamental Rights petition filed by five convicts in the 1996 Krishanthi Kumaraswamy abduction, rape, and murder case.
- June 6, 2025 - 213 - 0
SriLankan flight grounded in Indonesia
A SriLankan airlines flight has been grounded in an airport in Indonesia due to a technical defect leaving 93 passengers stranded, an official said.
Related Articles
Service of Commissioner General of Prisons suspended
- 09/06/2025 - 22 - 0
Mahindananda files appeal over 20 year conviction
- 09/06/2025 - 41 - 0
President to focus on trade and investment during visit to Germany
- 09/06/2025 - 23 - 0
Leave Comments