Ceylinco Group Chairman Lalith Kotelawala has said in a newspaper advertisement on Monday that he has handed over chairmanship in all the companies, including some listed stocks, to what he calls “ a group of talented, sincere, loyal men and women of intergrity.”
Among the listed companies are Ceylinco Insurance and Seylan Bank. The advertisement, taken out to explain the crisis at Golden Key where its customer base has been called for a meeting at 2 pm on Tuesday to provide a company view on what is going on, gives the pictures of 16 directors or deputy chairman headlined “Chairpersons – Ceylinco Consolidated.” Officials at the Colombo Stock Exchange said they were yet to be informed of changes in the directorate.
Kotelawala said he will remain as mentor-founder of the Group. He said Ceylinco has been around since 1939 and “we do not run away from our obligations to those who have placed their faith and trust in us.”
Last week there was a run on Golden Key credit card deposits forcing the company to halt payments and call an urgent meeting. On Monday, the company said Golden Key CEO Khavan M. Perera had been suspended for alleged mismanagement and that the CID has been called in to investigate.
-Sundaytimes
Among the listed companies are Ceylinco Insurance and Seylan Bank. The advertisement, taken out to explain the crisis at Golden Key where its customer base has been called for a meeting at 2 pm on Tuesday to provide a company view on what is going on, gives the pictures of 16 directors or deputy chairman headlined “Chairpersons – Ceylinco Consolidated.” Officials at the Colombo Stock Exchange said they were yet to be informed of changes in the directorate.
Kotelawala said he will remain as mentor-founder of the Group. He said Ceylinco has been around since 1939 and “we do not run away from our obligations to those who have placed their faith and trust in us.”
Last week there was a run on Golden Key credit card deposits forcing the company to halt payments and call an urgent meeting. On Monday, the company said Golden Key CEO Khavan M. Perera had been suspended for alleged mismanagement and that the CID has been called in to investigate.
-Sundaytimes
