Duminda now a director of Touchwood

24 September 2013 06:03 am - 41 - {{hitsCtrl.values.hits}}

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Ruling party MP Duminda Silva has been appointed as a Non-Executive/Independent Director of Touchwood Investments PLC, a company which is currently being investigated by the Securities and Exchange Commission.

Lanka Wijendra Kiwlegedara, the founder/Deputy Chairman/Chief Operations Director of Woolim Lanka (Pvt) Ltd and MD of Asian Investments and Mercantile Services (Pvt) Ltd has been appointed an Executive Director of the company.

SEC has filed a motion in the Commercial High Court Colombo of a hearing on the winding up application of Touchwood Investment PLC filed by a creditor of the company.

The SEC in its motion has inter-alia informed court on the steps it has taken in connection to Touchwood Investments and the motion will be supported on October 3, 2013, the same day the winding up petition will be taken up for hearing.

Touchwood in a stock exchange disclosure said it had already filed an affidavit of opposition to the said winding up application and would take all further steps to defend and oppose this action.

In the meantime the SEC announced that it had launched a fully-fledged investigation into the business affairs of Touchwood Investments to ascertain whether any securities law has been violated by the company and had also imposed a freeze on its non-current assets.

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Comments - 41

Aney Apochchi Tuesday, 24 September 2013 05:14 PM

This is very unfair. Duminda should have been appointed Executive Managing Director with complete authority over the company.

jiji Tuesday, 24 September 2013 09:39 AM

Share prices up by 75%. Touchwood is proving the allegations set against them by appointing Mr. DS as a director. Next director should be Dr. Mervyn Silva!

Rohan1 Tuesday, 24 September 2013 09:56 AM

Same defence.... "I have no recollection!"

keila Tuesday, 24 September 2013 09:57 AM

Maybe this is the right time to buy touchwood ! Virtually certain that profits will quadruple in the coming years... We all know what duminda's business segement is and how profitable it's.

Kamal-USA Tuesday, 24 September 2013 10:09 AM

Congrats sir! Well deserved appointment! Great for our country!! Good luck sir...

Dr Tuesday, 24 September 2013 10:10 AM

Will he remember a female

MaPer Tuesday, 24 September 2013 10:10 AM

He is now in the "lee kudu" business!

Shantha Tuesday, 24 September 2013 10:58 AM

Continuation of criminals being rewarded in this country.
Garbage on top of garbage.

BuffaloaCitizen Tuesday, 24 September 2013 11:16 AM

In this country, yes. In any other country the citizens have ethics and principles.

GC Tuesday, 24 September 2013 11:27 AM

Does this look as if a bodyguard has been employed?

Kalana Tuesday, 24 September 2013 11:28 AM

"touchwood",' the company would profit dealing in sudu kudu -fertilizer. how "HIGH" can the stock go?

Robert Tuesday, 24 September 2013 09:36 AM

GOVINDA.... GOVINDA....

Regi Tuesday, 24 September 2013 06:07 PM

Beware, we can expect gun battle at the board meeting.

Cynthia Tuesday, 24 September 2013 07:16 PM

Mata sihiyath Na !!

Rohan1 Tuesday, 24 September 2013 10:25 PM

Gota? Unless he had, Duminda wouldn't have had gone to Singapore!!

SENTHILK Wednesday, 25 September 2013 04:21 AM

good one

Nodrog Wednesday, 25 September 2013 08:07 AM

So go then..nobody forcing you to live here?

Kala Wednesday, 25 September 2013 08:51 AM

I vote Mervyn-for MD

Perumal Wednesday, 25 September 2013 09:34 AM

Touch Kud

Punny Pellow Wednesday, 25 September 2013 09:35 AM

Good to have troubleshooters and sharp shooters on the board.

james bond Thursday, 26 September 2013 08:03 AM

can he write his name ?.may be he can write some names such as heroin etc..

bugsy Tuesday, 24 September 2013 07:17 AM

Touchwood female employee's please watch out..?

anand Tuesday, 24 September 2013 06:21 AM

CONGRATULATIONS, DONT TOUCH PEOPLE,

Tuan K. Tuesday, 24 September 2013 06:24 AM

Is this a warning signal to the investors?

Yehiya Tuesday, 24 September 2013 06:29 AM

Funny director. All norms & custom of parliament is vanished .

Bumblebee Tuesday, 24 September 2013 06:29 AM

Horungeth Horu! Making the script for Part 2.

fernado Tuesday, 24 September 2013 06:36 AM

Ist in Colombo. vote for him.

Sammy Tuesday, 24 September 2013 06:49 AM

Further investigation will be suspended forthwith.

Game Kolla Tuesday, 24 September 2013 06:51 AM

Match over.......!!!!

Country man Tuesday, 24 September 2013 06:58 AM

Its like the work of a Police is given to a thief.

Sonali Tuesday, 24 September 2013 07:16 AM

All the Silvas are the same!

Mason Tuesday, 24 September 2013 06:14 AM

All for "good cause". There will be no further investigations.

zavahir Tuesday, 24 September 2013 07:23 AM

Ministers are appear in court & speaker lack in job knowledge or over whelming the power.

John Tuesday, 24 September 2013 07:24 AM

Infamous personalities with so many question marks hanging over them, somehow make the headlines even at SEC?

Lalindra Tuesday, 24 September 2013 07:30 AM

Because he will Touchwood and turn it into gold.

Roshan Tuesday, 24 September 2013 07:30 AM

Better to start buying shares now, definitely it will go up.

PERERA Tuesday, 24 September 2013 07:34 AM

whatever happened to his memory loss.
what a marvellous recovery.
A MIRACLE IN THE MIRACLE OF ASIA
DONT GIVE YOUR HARDEARNED MONEY TO THIS INVESTMENT VEHI=CLE AS THE DIRECTOR OR DIRECTORS MIGHT FORGET THAT THE MONIES WERE DEPOSITED.
CORPORATE MEMORY LOSS

GameMan Tuesday, 24 September 2013 07:40 AM

Who is going to invest with this buffoon

Maha_sudu_sinhalaya Tuesday, 24 September 2013 07:46 AM

Mata Kisimia deyak mataha neee - I cant remember anything

dhm Tuesday, 24 September 2013 07:56 AM

Mini maruwe Na, Kudu Vikke Na, Gas Kapannth Na

sanju Tuesday, 24 September 2013 08:59 AM

omg. dont touch touchwood !

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Duminda now a director of Touchwood

Comments - 41

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