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PCoI wants details on purchase of Perpetual Capital Holdings

29 July 2017 08:15 am - 3     - {{hitsCtrl.values.hits}}

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The PCoI yesterday wanted to find out information relating to the purchases of the Perpetual Capital Holdings Pvt Ltd or its subsidiaries since February 1, 2015 in order to ascertain how the money circulated in the secondary market transactions had been generated.

SC Justice Prasanna Jayawardena pointing few company names requested the President's counsel Kalinga Indatissa who appeared on behalf of the Perpetual Capital Holdings to provide the dates and costs relating to the purchases of those companies.

The companies named by the Justice were W.M.Mendis & Co. Ltd, Voice of Asia Network associated with the Siyatha TV network, Integrated Media Networks Pvt Ltd and the Janayugaya newspaper.

The Commission also required the particulars in respect of the Companies controlled and owned by the Free Lanka Group and the Perpetual Capital Holdings.

In determining the ownership of the companies, the commission wanted details of any substantial share holding companies or subsidiaries of the Free Lanka Group and the Perpetual Capital Holdings.

The President's Counsel also undertook to provide the required details by August 2 through an affidavit. (Shehan Chamika Silva)


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  Comments - 3

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  • Honest senior Saturday, 29 July 2017 08:44 AM

    Nation owes a great debt of gratitude to the President for appointing this Commission and also civil society for relentlessly pursuing jackals who thrive on the blood sweat and tears of the poor.the exposed jackal must quit before he is kicked out.

    peter Saturday, 29 July 2017 07:23 PM

    what about his master?

    Diogenes Saturday, 29 July 2017 10:06 AM

    W.M.Mendis Co was a well respected producer of good liquor in the past.. From the day the ownership changed hands, a low quality stuff began to appear in the market under the same label. Worse than Kasippu! I am telling you with good experience as a drinking man who had a long a .brand loyalty to Mendis . (2) Janayugaya newspaper .. humbug!


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Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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