Over Rs.4bn final payment for Golden Key depositors gets Cabinet nod

The Cabinet approval has been granted to release funds amounting to over Rs.4 billion as the final tranche to defrauded Golden Key depositors though the Central Bank. The proposal to this end was made by Finance Minister Ravi Karunanayke. Under the scheme approved by the Supreme Court, Rs. 544.3 million and Rs. 3.9 billion have been already been released respectively, for first and second tranches by the General Treasury. The Cabinet approval has also been granted to swiftly dispose the assets of Golden Key Credit Card Company and its subsidiaries and to credit the proceeds of the disposed assets to the General Treasury