By Ishara Gamage
Ceylon Finance Today: Sri Lanka's failed Central Investment and Finance Limted (CIFL) controversial former Group Chairman Deepthi Perera had submitted his restructuring plan for CIFL to the Colombo Magistrate Court, a Central Bank of Sri Lanka official said.
"The Court has instructed us to study his proposal in consultation with all stakeholders, but the future cash flow status he has submitted, is doubtful," he said.
According to Deepthi Perera's restructuring plan, the promoters whose names are unknown, will invest Rs 100 million initially, CBSL Officials added.
"He is expecting to get Rs One billion from the CBSL Deposit Insurance Scheme and another Rs one billion via foreign investors (names unknown) .In addition to that Deepthi Perera is requesting to sell CIFL his own 100 acre land in Sri Lanka's southeast coast at Arugam Bay area. It was estimated Rs 1.4 billion."
"He also mentioned that some Rs 3.5 billion worth one acre land also exists in Rajagiriya but exact location of it is still unknown ," he remarked.
The Colombo Commercial Court recently ordered Seylan Bank to stop its possible auction of CIFL Colombo Headquarter premises due to nonpayment of Rs 35 million overdraft facilities which was obtained by CIFL.
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 the beleaguered CIFL bankrupt and its depositors to run off on the streets The former Chairman who had an International Red Alert against him was produced before the Colombo Magistrates Court on 11 August and now, he is under remand custody.
The CIFL Depositors' Association says that a former chairman of CIFL had defrauded a sum of Rs 1.6 billion from depositors.
The CIFL Depositors Association noted that 4,200 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.
www.ceylontoday.lk
Ceylon Finance Today: Sri Lanka's failed Central Investment and Finance Limted (CIFL) controversial former Group Chairman Deepthi Perera had submitted his restructuring plan for CIFL to the Colombo Magistrate Court, a Central Bank of Sri Lanka official said.
"The Court has instructed us to study his proposal in consultation with all stakeholders, but the future cash flow status he has submitted, is doubtful," he said.
According to Deepthi Perera's restructuring plan, the promoters whose names are unknown, will invest Rs 100 million initially, CBSL Officials added.
"He is expecting to get Rs One billion from the CBSL Deposit Insurance Scheme and another Rs one billion via foreign investors (names unknown) .In addition to that Deepthi Perera is requesting to sell CIFL his own 100 acre land in Sri Lanka's southeast coast at Arugam Bay area. It was estimated Rs 1.4 billion."
"He also mentioned that some Rs 3.5 billion worth one acre land also exists in Rajagiriya but exact location of it is still unknown ," he remarked.
The Colombo Commercial Court recently ordered Seylan Bank to stop its possible auction of CIFL Colombo Headquarter premises due to nonpayment of Rs 35 million overdraft facilities which was obtained by CIFL.
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 the beleaguered CIFL bankrupt and its depositors to run off on the streets The former Chairman who had an International Red Alert against him was produced before the Colombo Magistrates Court on 11 August and now, he is under remand custody.
The CIFL Depositors' Association says that a former chairman of CIFL had defrauded a sum of Rs 1.6 billion from depositors.
The CIFL Depositors Association noted that 4,200 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.
www.ceylontoday.lk
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