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Seylan Bank Problem in Sri Lanka | NowPublic News Coverage Search Home Local Stories Stories Go Sign In Join NowPublic Truemors Sports Strange Internet Layoffs Google Help World Newsroom Culture Apple Forum Member Ranking Tech & Biz Health Drupal Tools Style Gadgets Environment Featured Tags: Automakers Tech & Biz Seylan Bank Problem in Sri Lanka Online FX Trading World’s best user friendly software Join Our Newsletter for Offers www. sevenstarfx. com by Sri Lanka Army news | December 29, 2008 at 11:26 am Share: Get Published! Tell me how to get published

Sri Lanka Army news Colombo, Western, Sri Lanka 9633 views | 6 Recommendations | 47 comments Author 47 See Sri Lanka Army news’ recent stories Photos There is no danger in dealing with the regulated financial sector and Central Bank have taken several steps to build confidence in Seylan Bank by bringing it under Bank of said. Ceylon, Central Bank Governor Ajith Cabraal NowPublic on Facebook Login He further said “We assure you that they can continue transactions without any danger. ” According to the CSE Seylan Share Prices NowPublic on Facebook

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Like Confirm You like Page · In You like Page · In increased by 33%. Normal share prices was 20. 50 Rs and now it is 27. 00 Rs. Sri Lanka’s stock market (CSE) investors have already given a shares surged LBO said yesterday. NowPublic The rain will have already washed the chalk away. Friday at 5:24pm ArtWalk Riot: Police vs Protesters over Sidewalk Chalk (Video) | NowPublic News Coverage 5,914 people like NowPublic. 5,913 people like NowPublic. thumbs-up to the regulatory action, and Seylan Yesterday 30th Decmber 2008 Central Bank appointed Mr.

E Narangoda as the new Gunawardene as the new Board of Directors. Chairman of the Seylan Bank and Mr. Nihal Jayamanna,Mr. Lalith Vithana and Mr. Niyomal Seylan Bank PLC is a privately owned commercial bank in Sri Lanka brought under Bank of Ceylon (BOC) control since Yesterday 29th December 2008 by order of Central Bank Monetary board. This was taken place under Section 30(1) of the Monetary Law Act No. 58 placing it among the top 500 Banks in Asia for the past 08 consecutive years. The Bank over Central Bank of Sri Lanka. of 1949.

Seylan Bank is the Sri Lanka’s 2nd largest private commercial bank with Asiaweek saddled with bad debt that threatened to destabilize Sri Lanka’s financial system was taken Facebook social plugin Meanwhile The Monetary Board of the Central Bank wishes to inform the public that they should continue with their normal financial transactions with Seylan Bank PLC and that the Monetary Board assures the public of the safety of deposits and the stability of the financial system. What is NowPublic? NowPublic lets people work together to cover news events around the world. ttp://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage The Central Bank appointed the government-owned Bank of Ceylon to continue business operations at the troubled Seylan Bank and removed its board of directors. The decision Central Bank said. was made because of increased deposit withdrawals and suspected liquidity problems, the Find out more “The difficulties of Seylan Bank PLC presented a potential danger to the stability of the financial system,” the statement said.

Deshamanya Lalith Kotelawala, chairman of Ceylinco Group said last week he would sell his shares to repay investors in failed Golden Key Credit Card Company. Both Seylan Bank and would divest or what amount he is expecting to raise from selling his shares. Golden Key are subsidiaries of Ceylinco Group. Kotalawela did not say how much shares he Recommend this story Most Recommended Comment Comment on this story I think the media has made this a big issue .. All i can say is our Bank is… Crowd Power An Employee (not verified) But the bank’s CEO Ajitha Pasqual was quoted in a newspaper saying “it could be 23-25 percent or even more. Seylan Bank trouble started as Golden Key Credit Card Company, an unregulated firm in the Ceylinco group got into trouble as the Golden Key Credit Card Company was unable to repay its customers due to its financial instability. People who were dealing with the bank worried about the financial status of the Seylan bank following the problem with some of the financial institutions in Ceylinco group. The Central Bank said it was “discontinuing the services” of the board of Seylan Bank but retaining the current chief executive officer and employees.

First Flagged at 10:46 PM, Dec 29, 2008 by Sanjay Jha These members have powered this story: Sri Lanka Army news Colombo, Western, Sri Lanka In its press release on the latest development the Seylan Bank said, “what is intended for sale are not the assets of the Seylan Bank, investments made by the bank or any shares owned by Seylan Bank. Further we wish to inform that Seylan Bank will not use the depositors’ funds to meet the obligations to Golden Key Credit card holders. ” Related Stories What have the LTTE’s NGO/INGO friends being doing in Sri Lanka?… y chanaka The collapse of the Golden Key Company and the Problem of Seylan Bank was the first sign of international financial woes hitting the economy and Financial System in Sri Lanka. Earlier Monetary Board of the Central Bank of Sri Lanka named 6 Person carrying on finance business without authority including Sakvithi Ranasinghe(Sakvithi House Constructions (Pvt) Ltd )and Piyadasa Ratnayake (Danduwam Mudalali). Becasuse of these things Depositors trustworthy towards Financial Institutions has been diminishing and it will lead to a big crisis.

Tamil Nadu sleeps while deadly serpants breed under the pillows -… by chanaka Defence Website Blasts “Bbc Sinhala Service” by chanaka Deshamanya Dr. Lalith Kotalawala is the Chairman of Ceylinco Group which includes more than 100 companies was born to a rich family and his uncle Sir John Kotalawala the third prime minister of Sri Lanka. Deshamanya Dr Lalith Kotelawala stepped into The Finance Company’s Chief Executiveship in the 1960’s, and its dynamic transformation under his stewardship, established his credentials as one of the country’s leading businessmen.

His thirst for greater challenges spurred him on to diversifying into a variety of other businesses. He was Sri Lankan only businessman who had long vision about Sri Lanan Poverty crisis. Ceylinco Gramine Credit Company for the upliftment of families from the bottom up, the poorest of the poor also floated Ceylinco Agricultural Credit Company for agricultural sector assistance. He started even a banking institution to liberate poors from poverty, started a scheme to give seed capital to unemployed graduates who have no access to capital and who have no security to start own businesses.

When Tsunami hit Sri Lanka Ceylinco Group helped in many ways for Tsunami victims to start a new life also all insurance claims although none of them were covered for Tsunami could gain claims. Ceylinco Group is the leading contributor to the society and meet social responsibilities than any other throughout past 60 years. The gender gap in the world today. by gerrypopplestone Luang Prabang – A Place where Heaven meets Earth by forextrade Recommendations (6) Most recently recommended by: sathyajith Germany Hiranya Malwatta Moratuwa, Western, Sri Lanka Anonymous users (2)

Seylan Bank PLC is a privately owned commercial bank in Sri Lanka, which is owned by the of Sri Lanka. Seylan Bank was incorporated in 28th August 1987 as a Public Limited Liability Company. corporate giant Ceylinco Consolidated. It has branches both in urban as well as rural areas Track this Story email story to a friend Seylan Bank established its first subsidiary, Seylan Merchant Bank Limited, in 1992. A second subsidiary, Ceylinco Seylan Developments Limited, was also established in 1992, http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]

Seylan Bank Problem in Sri Lanka | NowPublic News Coverage primarily for the purpose of constructing the Bank’s head office building, Ceylinco Seylan Towers. Seylan bank had 114 banking centres island wide with 3900 staff members in 2007. Special Thanks :The Associated Press LankaeNews and TNS Cyber. Alwis Reporting from Colombo Related Topics Bank of America Checking Account Free Checking CD Rates Bill Pay Certificate of Deposit Advertisement 5 0 See all footage | View Slideshow Share: email story | add to any | | facebook | stumbleupon

Sanjay Jha flagged this story as Eyewitness Report at 22:46 on December 29th, 2008 This is an eyewitness report from the NowPublic member Sri Lanka Army news who is in Sri Lanka reporting about this story from the on the ground. Comments (47) recommend Most Recent Most Recommended This comment thread is now closed 3 3 An Employee (not verified) at 22:25 on December 29th, 2008 I think the media has made this a big issue .. All i can say is our Bank is stable . But if the media keep on saying things like this definitly the customers will widthdrw their deposits . nd coz of that the bank will collapse .. We love our bank ! Long Live Seylan !! http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 1 Parakrama (not verified) at 07:43 on December 31st, 2008 An illegal detention camp that Ceylinco boss Lalith Kotalawala allegedly ran under a cover of a children`s home is now under investigation. According to the Sinhala weekly Lanka the Wattala Magistrate last week ordered that eight children in this camp be handed back to their relatives.

This follows a probe that the Child Protection Authority conducted on a in this camp without in any legal basis. CPA police officer Wijesinghe Vithana conducted the inquiries. Two weeks ago, unknown persons had thrown excrement into Lalith interview where he praised the LTTE as genuine freedom fighters. complaint made by the Venerable Elle Gunawansa. The CPA which raided this detention camp found that tsunami orphans from the South were kept Kotalawala`s Ceylinco Insurance (Kantalay Branch) following his Gulf News Demonstrations were held in several areas against his statements on the Tigers.

Ceylinco Group employees have found themselves in an embarrassing situation as a result. The company`s top executives say that this could adversely affect its business 2 2 47 Sri Lanka Army news at 23:18 on December 29th, 2008 No I think Deshamanya Lalith Kothalawala’s Statement and CEO Ajitha Pasqual Statement regarding Golden Key Issue was the reason for increased deposit withdrawals from Seylan Bank. Finally Central Bank decided there may be some liquidity problems and potential danger to the stability of the financial system in Sri Lanka. 1 1 47 Sri Lanka Army news t 01:21 on December 30th, 2008 Money withdrawals from Seylan Bank Counters is today increased than Earlier Days. Zaviniya Dain (not verified) Dear Viewers, Our chairman Deshamanya Lalith Kotalawela is not a person like Sakvithi. Do not compare Sakvithi with Mr. Kotalawela. Seylan Bank is a bank with a heart and not allow any customer of our s to fall off. Wrongly, communicated via media gives wrong info to people and our bank customers too are withdrawing. but have Dearly loved Mr. Kotalawela any day said will not give or hidden himself for the people to be scared.

As well why withdraw Central bank has given a brief statement and give the assurance to our Seylan Customers. And Mr. Kotalawela is a person who helped the needy at all times definitely seylan or his employees will not fall off. we are confident of ourself as well with our dearly loved Chairman Mr. Kothalawela So we will trouble shoot any issues which come across and build up Seylan plse do not produce bocus info dear media plzee 1 1 at 01:46 on December 30th, 2008 http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]

Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 1 Parakrama (not verified) Hi, Dear Lady, at 05:31 on January 1st, 2009 I red your letter about your Boss (Dr)I am not surprising to read that when guess what has happen with my experience and I have mentioned in my you have been well fed by working for him. I can not say any thing about Golden Key subject because I do not know what has happen really. But I can letter in another place of this column. I am sure one thing He is a “Heartless Chairman in a Bank with a Heart” He has defaulted me sum of Rs 750,000. 0 by the purchase of “Ruskin Island” and your The Finance Co. Ltd (which under his conglomerate) tried to default our legitimate commission from the sale of Property situated near Uyanwatta Lake, at Kotalawala, Piliyandala and subsiquently paid the 3% commission, Leagle Interest for three and half years, Court Charges and attorney’s charges in the District Court, Colombo. If you like you can check on this and come to a final conclution about your Boss. God may Bless you! AND ONE THING THIS IS THE FIRST STEP OF THE FALL OF COGLOMARATE AND YOU WILL SEE WHAT IS GOING TO HAPPEN IN NEAR FUTURE! 1 Audrey Barber (not verified) at 01:52 on March 18th, 2009 Dear Zaviniya, Og dear child, you too been brain washed by the “Great Deshamanya” Too bad girl for you, please grow up and get out of that cocoon you are in. Try to to face the facts, so if these people to whom you seem to have a great crush on and sing hossana’s too, where is Deshamanya charming wife. Oh dear don’t tell she abandoned ” Lion Heart” himself and ran away why? I am a depositor at Seylan Bank and i work overseas, and should my funds be stolen Beleive me lady “All hell will break lose”.

I will certainly go on a rampage. Go tell your great Deshamanya to start repaying every stolen penny to each and every person he owes. Then you can start singing praises about him. Go tell you Golden Hearted Deshamany to start selling his assets and rectify the damage he has caused, and kinly ask him it is no use that he plays innocent.. No one beleives that crap which is actually bullshit. All businessmen are total knaving educated crooks give them a chance and they go berserk. Saminda Kodithuwakku–Employee from theDevelopement Bank (not verified) at 03:30 on December 30th, 2008 1 1

Dear People, You all are getting this scene too badly. I know the situtation as a banker. No any customer will be affected by this situation becuase Dr. Kotelawala ,in this moment,has taken to compensate the depositors in Golden Key by selling his shares, not selling properties ; others’ shares. This is a good lession to other companies. I wish you-Seylan Bank, it will be the best bank of year 2009. Do not abosorb rumors, please search do things http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 K. D Uditha pushpakumara (not verified) at 05:25 on December 30th, 2008 Dearly Mr. Lalith Kotalawala. the Bank.. I wish to the Seylan Bank and We are expecting a good news from Your”s fathfull Custormer uditha. Lankan Abroad (not verified) 1 1 at 04:06 on December 31st, 2008 Did Laith K and his clan run a “PONSI SCHEAME”? Did Lalith K and his clan do a Sri Lankan “Berny Madoff(MADE-OFF)”? Should’nt Lalith K as Chairman of th Board of Directors of Golden Key be held responsible for this Scam? Is Lalith K stupid and ignorant to go public and pass the buck on to a sacrificial lamb in Khavan P?

Is Lalith K again stupid and ignorant of not knowing what assets were their in Golden Key books to support the massive LKR 26 Billion deposit liability? Is Lalith K, who has a mile long list of qualifications after his name, yet again stupid and ignorant to go public and state he was not aware of what was happening at Golden Key? Is this not cheating? Why do we have legislature in Sri Lanka to prosecute persons for criminal breach of trust? Should’nt the entire Board of Directors of Golden Key be held responsible fo this heinous crime and prosecuted for criminal breach of trust?

Can some sane Sri Lankan please provide answers to this question. Another Lankan abroad (not verified) at 01:57 on March 18th, 2009 1 1 I agree with your statement 100%, however, I am a bit scared as I do have an account with Seylan. I am working overseas. I do understand that BOC has now stepped in, but still could there be any possibility that Seylan will collapse any leakage with another rotten egg planted inside to swindle the poor mans funds, from beneath the BOC administration. Sugath C. (not verified) 1 1 at 13:54 on December 31st, 2008

As to my knowledge any individual or group of companies can own only15 percent of total shares of licenced commercial bank. How can Ceylinco group bypass that legislation? According to the SL press they own around 48percent of Seylan bank shares. How was it possible??? Parakrama (not verified) 1 1 at 05:14 on January 1st, 2009 Normal 0 false false false MicrosoftInternetExplorer4 st1:*{behavior:url(#ieooui) } /* Style Definitions */ table. MsoNormalTable {mso-style-name:”Table Normal”; http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage so-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-para-margin-bottom:. 0001pt; mso-pagination:widow-orphan; fontsize:10. 0pt; font-family:”Times New Roman”; mso-ansi-language:#0400; msofareast-language:#0400; mso-bidi-language:#0400;} A Philanthropist, one of the richest man in the Country, and a patriot of the a goat skin. mso-style-parent:””; mso-padding-alt:0in 5. 4pt 0in 5. 4pt; mso-para-margin:0in; country, Saviour of the nation! But very few people know he is a wolf covered with This is to reveal himself, who he is, to the people who do not know the truth.

The two incidences explain his indecency, and ungrateful attitude to the poor people. Me, the writer of this article has been played out by so called “DESHAMANYA” in two different times. I am the Real Estate Broker who promote the selling of property “Ruskin Island at Bolgoda Lake, Moratuwa. One fine day I met “DESHAMANYA” at his office at Fort (in front of Hotel Continental) 3rd floor after a greatest difficulty and waiting in the list for one full month. And I submit the necessary site plan of “Ruskin Island” and other relevant details to consider of purchase.

And we had a nice chat and he was kind enough to receive me in his office for a period of 15 minutes. One month after he sent me a letter saying that he has consulted in Managers and this island is suitable for a Hotel Project and therefore he is not interested in purchasing this property, which price has marked as one million Dollars (Equal to Rs 50 Million according to the foreign exchange rate at that time) After some times I heard the “Ruskin Island” has been sold and I made my investigation and found Our “DESHAMANYA” has bought for Rs. 25 Million from the seller.

Normally it is not in practice in Sri Lanka to provide a whole list of customers who have been introduces any property. Specially someone issue a letter and mentioned that he is not interested and we would not submit his name or an identity to the owners of the respective property. Knowing all the factors I wrote a letter to So called “DESHAMANYA” and pleaded to looking to this matter and asked him to compensate my legitimate commission 3% which I could not claim from the seller’s due to the hidden transaction initiated by “DESHAMANY “ and the seller.

Now “so called “DESHAMANYA” should have inform me in time since I was the respective introducer to claim the commission which he never did it. When I inform him, his inability of informing me that I have to incurred a loss of Rs. 750,000. 00 and emphasize the his negligence of ethics of business, he sent me a reply saying that he has conclude the transaction with the sellers directly and since my name has not come up during the transaction and discussions he could not do any thing and he denied to pay anything or stated that he has finished the transaction and nothing can be done for this.

Normally when his company buy a property they pay 1% of the total value. He didn’t let me receive my legitimate commission from the seller or even 1% which his company pays once they buy a property. And he was not kind enough to identify my efforts of selling the property and he left me on the lurch by transacting secretly. When I demand money his Attorney has send me a threatening letter saying that they will go to the law of court against me if I bother “DESHAMANYA” any more. That is how he conducts real estate business with brokers. Second incident was a Court Case.

I was working with a friend of mine called Mr. Adhikari from Athurugiriya and one of my clients wanted a property in a water front location around Cololmbo. One day there was an advertisement in the news paper and state a availability of property facing “Uyanwaththa Lake” @ Kotalawala Piliyandala. I spoke to the http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage advertiser (The Finance Co. , Ltd) and found the location went there and discussed about the terms & conditions.

They promised us and to pay 3% of the total sale value and we offered My client Mr. Ishara Nanayakkara and he liked the place and wanted to purchase. The Company gave me a promising letter to pay 3% and I introduced Mr. Nanayakkara as purchaser. After that negotiations were going on and all over suddenly the transaction concluded secretly and sold it for Rs. 21 pay 3% commission , Interest for 3 ? years, Court charges and Attorney’s three and half years to get a verdict and we won the case and Company had to Million and neglected to pay our commission and we went to courts. And it took charges respectively in District Court.

NOW YOU WILL REALISE WHO IS SO CALLED DESHAMANYA AND HIS CONGLOMARATE AND HOW THEY MINTING MONY BY DEFAULTING POOR PEOPLE. THIS IS ONLY TWO INCIDENTS AND THRERE ARE KEEP IT UNDISCLOSE! INVAIN POOR PEOPLE!! Ramani Viswanath (not verified) at 06:53 on January 1st, 2009 THOUSANDS DEFAULTS WHICH HAS NOT COME FORWARD AND MOST OF VICTIMS 1 1 First of all, the Finance Director of Golden Key Group to be punished. He is running a collage (Vidhura Collage) and his friends and relatives running independent companies under Golden Key Group (Udaya Dharshana Rajapakse Chief Operating Officer – Golden Key Consumer Products Ltd, Mr.

Bimal Mudalige – Ceylinco Consumer Electronics). Obviously, finance for all these companies were diverted from investor funds of Golden Key Credit Card. Government should immediately attach properties of Mr. Saradha Sumanasekara, the Finance Director of Golden Key and put him behind bar for fraud. Manohar Arasu (not verified) at 08:06 on January 1st, 2009 1 1 There were lot of depositors funds diverted to several companies run by Finance Director. These companies were incorporated just to give employment to Finance Directors friends and relatives.

Executives of these companies travel overseas extensively only to claim US$250 per day. Some of the employees (with “O” level education) visit China,Singapore,Bangladesh and Australia to claim overseas allowances. Absolutely, there were no control of mis-use of money in Golden Key. My close relative is employed with Golden Key and these inside information is available since very long. The government should immediately attach properties of all the Directors of Golden Key and the business run by them. It is also known to everybody that Finance Director of Golden Key is running a collage called Vidura Collage. enganath (not verified) 1 1 at 03:09 on January 26th, 2009 you are the one who was thrown out of GK, due to fraud, so no point talking 1 1 Ajith Gunawardena (not verified) at 06:31 on January 2nd, 2009 The Finance Director of Golden Key is reachable at the below address for any information with regard to position of depositors money. Mr. Saradha Sumanasekara-Group Financial Director, Home Adderss:924/15A,Udawththa Road, Malabe. Mobile: 072-2251504 Office Address: The Golden Key Credit Card Company Limited Ceylinco Centre, 2 R. A. De Mel Mawatha, Colombo – 04. Sri Lanka.

Tel : +94 74 523700 / +94 1 2591748 Fax : +94 1 2502424 / +94 74 519721 E-mail: [email protected] co. uk [email protected] com He is alsos contactable at ; http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 22, Kirimandala Mawatha, Nawala, Rajagiriya. Sri Lanka. 011 2 866 238 Telephone 011 4 404 260 Fax 011 2 871 861 1 1 Manohar Arasu (not verified) at 12:11 on January 2nd, 2009 Why not government attach properties of Mr. Khavan Perera and Saradha Sumanasekara, the main culprits in the scam ?

These two high flying executives must have diverted funds to their friends and relatives. It is appeard in print government should put them behind bar without bail. Nobert Appuhami (not verified) at 19:08 on January 2nd, 2009 media couple of days back 150 Million rupee is credited to one of the female staff of Golden Key working under the Finance Director ! This is the high time 1 1 There is talk going on within Golden Key that Group Finance Director of Golden Key invested heavily in real estate and purchased an independent villa in Italy where his sister is living. He also own Vidura College and overnment should investigte where all the investor funds has gone. Kumar Wickramasinghe (not verified) at 20:50 on January 2nd, 2009 1 1 Ceylinco Consumer Electronics and Golden Key Consumer Products are companies under Golden Key Group headed by close friends of Golden Key Group Finance Director. It is an open truth that the Group Finance Director mis-used investor funds and even running a college (Vidura College). Ano (not verified) 1 1 at 01:43 on January 4th, 2009 Please be kind enough to pay atleast some kind of amount to large depositers too . since they have deposit all their money trusting you Mr.

Kothalawala. I sold my house and depositted all my money in your company. Please help us to live…. 007 bond (not verified) 1 1 at 05:33 on January 8th, 2009 if you have invested with seylan think twice before you make a decision. What we have heard is that Mr Kotalawala has pumped out a huge sum of public funds in the recent past mainly to singapore and also to fund group companies. Also he has approved massive loans to group companies from the bank. If the repayment of those loans fall into arrears , god knows what will happen to the depositors. piyadasa boy (not verified) 1 1 at 05:45 on January 8th, 2009 hamunge salli thamunta watinawanam karunakara deparak hithanne nethuwa fitch ratings top Commercial hari HNB hari bank ekakata ikmanatama maaru karaganna. Pramadaya pasutheweemat mulaki. Keeping your funds @ Seylan Bank @ this moment is like eating Curd with a Razor blade !! Truly kalinga silva (not verified) 1 1 at 17:53 on January 8th, 2009 you are right piyadasa boy. I will withdraw all my funds today. Also i will update my friends as well. Thanks for the information. http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage 1 Mrs weerakoon (not verified) at 18:02 on January 8th, 2009 when i went to seylan bank to withdraw my deposits, the lady who was handling deposits asked me ‘ ai salli ganne ? Bankuwa weten ne ! Bayadha bankuwa wetei words might work. But rather than worrying about a bank i have other work to attend. Its my money after all i have the power to do what ever i want from it. Who knows whether Seylan would end up like Golden key ? PQR (not verified) kiyala ? Central bank eka kiyala thiyanawane weten ne kiyala ! Well for some these 1 1 at 01:06 on January 11th, 2009 May God help all those who are been affected !!!! a s sampath (not verified) 1 1 at 23:46 on January 15th, 2009 tha was a big problem in srilanka 2 2 47 Sri Lanka Army news at 01:45 on January 16th, 2009 Ceylinco Chairman Lalith Kotelawala and the Golden Key Credit card company board members were today named “suspects” by the Mount Lavinia Magistrate courts in the credit card scam and ordered to give statements to the CID on January 20. 2 2 Appuhamy (not verified) at 21:51 on January 21st, 2009 I understand that majority of Golden Key depositor funds are shared between Khavan Perera and Saradha Sumanasekara (Golden Key Finance Director).

It is learnt that lot of money has already taken out of Sri Lanka. Government should atleast now attach the properties of these people including Vidura College where Saradha put several million rupeese and he is the finance director so that the poor investors will not suffer. 007 Bond (not verified) 1 1 at 00:01 on January 23rd, 2009 Seylan bank has to spend millions for month to maintain their top management ( Gm,Sdgms, Agms ) even BOC or PB does not have this much of top managers. At this juncture i suggest to minimize any unwanted wastage bank funds since it too will effect banks current position. 2 next › last » This story was created over 3 months ago, the comment thread is now closed. in Sri Lanka, Tech ; Biz, quot Sri lanka Colombo, seylan_bank_trouble, seylan_bank_problem, central_bank_sri_lanka, bank_of_ceylon_and_seylan Contact Blog FAQ Media Inquiries Examiner. com Copyright Privacy Terms of Use Code of Conduct Jobs http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM] Seylan Bank Problem in Sri Lanka | NowPublic News Coverage http://www. nowpublic. com/tech-biz/seylan-bank-problem-sri-lanka[7/16/2012 6:21:38 PM]

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