No internal investigation on two former Jt. COOs of Asia Capital, says Director

Responding to recent media reports regarding two former Joint Chief Operating Officers Reyhan Morris and Sandun Hettige of Asia Capital PLC, a top official of the company said there was no internal investigation carried out on the conduct or actions of the two individuals during their tenure at Asia Capital group.

“The two officials have submitted the resignation letters by themselves and there is no internal investigation being carried out as quoted in media reports” Raju Radha – Independent Non-Executive Director representing Asia Capital, said.

He further said that resignation letters of two individuals Reyhan have been receive, and that the company is looking forward to phase out and explore new business avenues to create more value and reposition the Asia Capital as the leading investment bank in Sri Lanka.

“Along with Asia Capital’s dedicated team of professionals we will work towards achieving our vision and mission, by successfully operationalizing our strategies. Our team is what binds our business together to create value for all stakeholders. We will also venture into new avenues that I have expertise and experience to increase our portfolio” Raju Radha, who is also a shipping industry veteran, said.

He also highlighted that Asia Capital is also looking at other investment opportunities to position the company as major group into various business sectors.