Sri Lankan Business Tycoon Deshamanaya (Honorary State) Lalith Kotalawala and one of the Directors of his Golden Key Credit Company were Remanded till 11th of March by the Magistrate of Mount Lavinea this evening regarding the Public Finnancial freud Case he was involved in.Magistrate also Issued a Ultimatum to Settle Rs 26 Billion worth Deposits of the Golden Key Customers within 10 days.A Warrent for Mr.Kotalawala's wife Mrs.Cecilia Kotalawala who is also a member of the Golden Key Company's Director Board.
Mr Lalith Kotalawala the Owner of one of the Largest Business Companies in Sri Lanka the Ceylinco Group is charged for mishandling the Deposits of Public in the Golden Key Credit Company which he ownes.He even tried to Settle the Depositors Interests by selling his shares of the Bank he owned the Seylan Bank in last December however failed to do so as Central Bank of Sri Lanka Immediately intervened and taken the Bank under their Perview.
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