Last Updated : 18-04-2014 21:16


 
 

Kavan loses assets

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By S.S.Selvanayagam


The Supreme Court today directed the confiscation of assets of Golden Key Credit Card Ltd CEO Kavan Perera for the purpose of transferring the money to a special fund for depositors.

The Court also permitted the three-member Committee of Chartered Accountants to auction or sell Golden Key Hospital and Hotel Seasand and transfer the money to the Special Fund for the 2nd phase of payments to the depositors of Golden Key Credit Card Company Ltd.

The three-member Committee of Chartered Accountants had been appointed to examine the assets and liabilities of the Golden Key Credit Card Company Ltd and to prepare a scheme of the refund of security deposits of cardholders.


 
 

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