The Treasury will release Rs.544.3 million needed for the first tranche towards the repayment of the defunct Golden Key Credit Card Company (GK) depositors.
This in response to a pledge made by the Finance Ministry that the government will mediate to settle this much anticipated and long over due issue.
The Cabinet on a proposal made by Finance Minister Ravi Karunanayake approved this payment and the money is now being dispersed.
Accordingly, the depositors who have had their account balance up to Rs two million will be paid within one month from today.
The balance will be repaid before the end of one year.
www.dailynews.lk
This in response to a pledge made by the Finance Ministry that the government will mediate to settle this much anticipated and long over due issue.
The Cabinet on a proposal made by Finance Minister Ravi Karunanayake approved this payment and the money is now being dispersed.
Accordingly, the depositors who have had their account balance up to Rs two million will be paid within one month from today.
The balance will be repaid before the end of one year.
www.dailynews.lk
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