By Ishara Gamage
Ceylon Finance Today- Sri Lanka's failed Central Finance and Investments (CIFL) controversial former Group Chairman Deepthi Perera will come back to Sri Lanka soon, Presidents Counsel Tilak Marapana confirmed to Ceylon FT yesterday.
Colombo Chief Magistrate, Gihan Pilapitiya, recently gave him a temporary court clearance for his visit, he said.
"He was under an international arrest warrant for a while. As his lawyer, I appeared before the court and convinced the court that he was unaware of such situation, so he is willing to come to Sri Lanka and support the ongoing CIFL investigation," Marapana remarked.
Following this court direction, I hope that he will back to Colombo soon and listen to CIFL grievances, he said.
However, depositors claim that Perera will be back in Sri Lanka either next week or around July 5.
The Fraud Bureau in late 2013 started special investigations against this Deepthi Perera alias Chulaka Gunawardena who is married to a Thai Woman while running some Colombo night clubs and later took off money from CIFL leaving CIFL bankrupt and its depositors to run off on the streets.
The CIFL Depositors' Association says that a former chairman of CIFL had defrauded a sum of Rs.1.6 billion from the depositors.
The CIFL Depositors Association noted that 4200 persons had deposited a sum of around Rs. 3.5 billion in the company. A majority of the depositors are pensioners who had deposited their gratuity payments.
The Colombo Stock Exchange recently inquired from the regulator- the Securities and Exchange Commission about the possibility of the suspension of the CIFL shares which are now trading at 70 cents.
Meanwhile, when contacted the Securities Exchange Commission of Sri Lanka officials said that, they had submitted CIFL & Touchwood Investment PLC cases to the Attorney General's Department for legal action.
"Our investigations found severe fraud and fraudulent activities among those two listed companies. So, we hand over such cases to the Attorney General's Department but more than one and half years past now, we didn't get any response, the SEC official said.
The SEC also started special investigation against auditors and accountants of two companies who were misguided the investor community by submitting fake account details, he said.
We don't have powers to punish those auditors, but we can act against those wrong information, he said. Four independent directors of the troubled Central Investments and Finance PLC (CIFL) recently alleged that there had been many manipulated figures in the financial statements of the company since 2004.
The numbers presented to the board meetings we attended as independent directors from end 2012 have been completely distorted, these four independent Directors told Ceylon FT on the basis of anonymity.
They alleged that the former Central Bank Governor Ajit Nivard Cabraal ignored all the revival proposals which were put forward by them in 2013.
www.ceylontoday.lk
Ceylon Finance Today- Sri Lanka's failed Central Finance and Investments (CIFL) controversial former Group Chairman Deepthi Perera will come back to Sri Lanka soon, Presidents Counsel Tilak Marapana confirmed to Ceylon FT yesterday.
Colombo Chief Magistrate, Gihan Pilapitiya, recently gave him a temporary court clearance for his visit, he said.
"He was under an international arrest warrant for a while. As his lawyer, I appeared before the court and convinced the court that he was unaware of such situation, so he is willing to come to Sri Lanka and support the ongoing CIFL investigation," Marapana remarked.
Following this court direction, I hope that he will back to Colombo soon and listen to CIFL grievances, he said.
However, depositors claim that Perera will be back in Sri Lanka either next week or around July 5.
The Fraud Bureau in late 2013 started special investigations against this Deepthi Perera alias Chulaka Gunawardena who is married to a Thai Woman while running some Colombo night clubs and later took off money from CIFL leaving CIFL bankrupt and its depositors to run off on the streets.
The CIFL Depositors' Association says that a former chairman of CIFL had defrauded a sum of Rs.1.6 billion from the depositors.
The CIFL Depositors Association noted that 4200 persons had deposited a sum of around Rs. 3.5 billion in the company. A majority of the depositors are pensioners who had deposited their gratuity payments.
The Colombo Stock Exchange recently inquired from the regulator- the Securities and Exchange Commission about the possibility of the suspension of the CIFL shares which are now trading at 70 cents.
Meanwhile, when contacted the Securities Exchange Commission of Sri Lanka officials said that, they had submitted CIFL & Touchwood Investment PLC cases to the Attorney General's Department for legal action.
"Our investigations found severe fraud and fraudulent activities among those two listed companies. So, we hand over such cases to the Attorney General's Department but more than one and half years past now, we didn't get any response, the SEC official said.
The SEC also started special investigation against auditors and accountants of two companies who were misguided the investor community by submitting fake account details, he said.
We don't have powers to punish those auditors, but we can act against those wrong information, he said. Four independent directors of the troubled Central Investments and Finance PLC (CIFL) recently alleged that there had been many manipulated figures in the financial statements of the company since 2004.
The numbers presented to the board meetings we attended as independent directors from end 2012 have been completely distorted, these four independent Directors told Ceylon FT on the basis of anonymity.
They alleged that the former Central Bank Governor Ajit Nivard Cabraal ignored all the revival proposals which were put forward by them in 2013.
www.ceylontoday.lk
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