Wednesday, July 27, 2011

Golden Key hearing begins

The Colombo high today (July 27) began hearing the case filed by the attorney general against former chairman of Ceylinco Group Lalith Kotelawala and eight other directors in the misappropriation of Rs. 7,200 million belonging to depositors at Golden Key Credit Card Company.

The suspects were served with indictments on 91 counts.

High court judge Deepali Wijesundara ordered surety bail for the suspects, set at Rs. Five million, banned them from leaving the country.
The court also issued an open warrant for the arrest of Cecile Kotelawala, another suspect in the fraud and the wife of Mr. Kotelawala.

Many of the 778 witnesses in the case were present at the hearing.

It will be next heard on November 17.

source: srilankamirror

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