CIFL Deepthi coming back to SL

The main share holder and one time chairman of the crisis torn Central investment and finance plc (CIFL) Deepthi Perera is preparing to come to Sri Lanka in the oncoming days, reports say.

Deepthi Perera himself had revealed this to the media.

Pointing out that he has not fled the country by stranding the CIFL depositors, Me. Deepthi Perera has revealed that he is currently on vacation in Thailand with his Thai wife and child.

He has further said that he has a direct dealing with the customers of the CIFL.

He has also said that he had committed no fraud and that he has not held any administrative of directorial position in the company.

He accuses that due to the activities of the Central bank and websites which branded him as a con-man, he lost the opportunity of linking a foreign investor to the company.

He has also reveled that currently he does not possess any ownership in the CIFL.

He has said that although he signed a contract with the Rosco-Meloney faction to sell the shares of the ASPIC company which belonged to the CIFL for 600 Million Rupees, they have not yet given him the money according to the contract.

Meanwhile, Mr. Wijan Lanka Kiwlegedara who is eagerly waiting to invest in the CIFL, says that the actual value of the ASPIC is less than 600 Million Rupees.

Kiwlegedera is that is the current chairman of the Touchwood company.

Meanwhile it is also said that the CID is trying to find Mr. Deepthi Perera to record a statement.

CIFL scam robs Pathirana's adviser post

Mr. P. V. Pathirana, a former general manager of the People's Bank, has been removed from the post he held as an adviser in the Finance ministry.

Mr. Pathirana also worked as an adviser in a project set up under World Bank aid.

The project had been deployed in order to provide financial aid for the small and medium scale industries which have fallen into trouble due to the current global economic crisis.

It is said that the main reason behind this decision is the order given by the Colombo Fort chief magistrate Mr. Thilina Gamage to issue notices to 3 Directors in the Central Investments & Finance PLC (CIFL) company including him to appear before the Court on the 16th September.

Even Mr. Gamini Karunathilake, who was the CEO of Merchant Bank of Sri Lanka (MBSL) for a time, has been subjected to this accusation.

Mr. Karunathilake has been appointed as the CEO of CIFL on January this year, after the company was hit by the crisis.

It is said that it was the Central Bank which had recommended him for the job.

They have issued these cheques, with the intention of rebuilding the trust of the company by settling the deposit money of the customers, during the reformulating process of CIFL.

For that, he had signed for them under the capacity of CEO.

Apart from that, CIFL former Chairman and Director, Chartered Accountant Lakshman Rupasinghe, Directors Joseph Douglas and Ajith Prabath also have been accused of these "Cheque bounce case".
However, it is reported that all these people have been misled by the financial authorities.

The attorney who represented Mr. Rupasinghe and Mr. Karunathilake informed the Court that they were appointed recently, thus have no knowledge of the past transactions.

Meanwhile, it has been revealed that it was the former CEO of Merchant Credit of Sri Lanka which is attached to BOC, Mr. Shirley Perera, who had held many key positions in CIFL including the release of its initial shares, up until the company was brought under the ASPIC company belonging to Deepthi Perera.

It is said that he is a person who had been warned by the Central Bank regarding the failure in reporting unpaid debts in Merchant Credit during his time of employment.

Related ::

CIFL bankrupted : 6000 in trouble


No withdrawals of CIFL deposits 

Police to investigate on CIFL money fraud

CIFL bankrupted : 6000 in trouble

Nearly 6000 investors who had deposited nearly 3.4 Billion Rupees in Central Investment and finance Ltd have fallen into utter helplessness due to the bankruptcy of the institution.

The CIFL company which had even halted their grant of interest to the depositors since last December, is a registered financial company in the Central Bank.

The CIFL depositors association says that one of the major reasons for the collapse of many financial institutions in Sri Lanka is the lack of proper supervision of the CB.

In an inquiry made regarding this, a spokesperson in the CB told BBC Sandeshaya that steps have being taken to bring perestroika to CIFL.

Related ::

No withdrawals of CIFL deposits 

Police to investigate on CIFL money fraud

Police to investigate on CIFL money fraud

It is reported that the Colombo Fraud investigation unit has started investigations about the massive financial misdeeds of Central Investment Finance Limited (CIFL) company.

These inquiries have kicked in after complaints were lodged by 30 CIFL customers who deposited money in the company. It is said that that they have all deposited money in the range of 50,30,20,10 Lakhs etc.

The board of directors of the company have already been summoned for questioning.

However, they had told that the real director board had gone abroad.

It is said that al though depositors are laying siege around the company building demanding their deposit money, there is no responsible officer to respond to them.

It is said that even the employees are now evading the customers.

Some customers have even taken legal action against the CIFL.

This situation has been informed by the customers to the Central Bank as well, as this is a registered finance company in the CB.

Police Colombo fraud investigation unit is conducting further investigations regarding the matter.

related ::  No withdrawals of CIFL deposits

No withdrawals of CIFL deposits

It is reported that the depositors of Central investment and finance company (CIFL) have been unable to obtain interest money or withdraw their deposits.

Due to a financial crisis that took place in he company, the central bank had to intervene and bestow its administration to a state incorporated finance company from the 1st of July.

It is said that although the CB had interfered it had not been able to bring CIFL back on tracks.

This company had obtained deposits manly by promising that would giving them massive interest rates.

Even famous cricketer MP Sanath Jayasuriya had posed for one of CIFL ads.

This company however, is a registered finance company in the CB.

It is in the No.45 slot in the registered finance companies list published by the central bank.

Economic experts say that this situation has taken place due to the misdeeds committed by its initial owner Deepthi Perera.

It is reported that the Canrich company started by him has also crashed down in a severe manner.

The CB will issue a special announcement regarding the Canrich company soon.