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Showing posts from February 26, 2009

Missing Sri Lankan Editor Is In Police Custody

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A Confusion arises when the Editor In Chief of the Sri Lankan Tamil Paper reported as Missing this morning.Earlier it was reported that the missing Editor of the " Suder Oli 'N.Vidyadaran was abducted by an unidentified gang who came from a White Van and Police too confirmed it. But few hours later Police Issued a statement and state that he was arrested by the Police for questioning in Connection with the Last weak's LTTE Air Attack in Colombo.
Police Officers arrested him at Mount Lavinea Area in the Colombo Suburbs around 10 this morning while attending a funeral of the relative of the Chairman of his Company .Meanwhile The Reporters Without Borders to day Condemned the arrest of SudarOli Editor and urged Government to Guarantee his safety.Media Minister Lakshman Yapa Abewardana already assured the Reporters Without Borders through the Telephone that Mr.Vidyadaran is safe and he is held by the Colombo Crimes Division for Questioning .Crimes Division is questioning…

Sri Lankan Business Tycoon Remanded Over Rs.26 Billion Public Freud

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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.