By Sunimalee Dias
A group of Touchwood investors filed complaints with the Criminal Investigation Department (CID) on Friday, also aimed at obtaining an international warrant against the company former owners, the Maloneys.
The Touchwood Stakeholders Association (TSA) Co-ordinator lawyer Lakshan Dias told the Business Times that they had filed 12 complaints with the CID against Roscoe and Swarna Maloney, who are both abroad.
The complaint made against them was for fraud and cheating depositors of their monies invested in Touchwood. The complaint would be made highlighting that the Touchwood organisation had accepted money from various people and now that the company is closed and the management in hiding they expect justice to be meted out for fraud and cheating.
Meanwhile, the Touchwood Investments PLC winding up case scheduled to deliver verdict relating to the default in payments to the petitioner was postponed for June 5. The case which was taken up at the Commercial High Court No. 3 in Colombo was scheduled to deliver a verdict on the winding up of the company but was postponed. The company’s CEO Lanka Kiwlegedara was also present in court on the said date.
www.sundaytimes.lk
A group of Touchwood investors filed complaints with the Criminal Investigation Department (CID) on Friday, also aimed at obtaining an international warrant against the company former owners, the Maloneys.
The Touchwood Stakeholders Association (TSA) Co-ordinator lawyer Lakshan Dias told the Business Times that they had filed 12 complaints with the CID against Roscoe and Swarna Maloney, who are both abroad.
The complaint made against them was for fraud and cheating depositors of their monies invested in Touchwood. The complaint would be made highlighting that the Touchwood organisation had accepted money from various people and now that the company is closed and the management in hiding they expect justice to be meted out for fraud and cheating.
Meanwhile, the Touchwood Investments PLC winding up case scheduled to deliver verdict relating to the default in payments to the petitioner was postponed for June 5. The case which was taken up at the Commercial High Court No. 3 in Colombo was scheduled to deliver a verdict on the winding up of the company but was postponed. The company’s CEO Lanka Kiwlegedara was also present in court on the said date.
www.sundaytimes.lk
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