Bail granted but conditions violated

10 Feb 2012 - {{hitsCtrl.values.hits}}

The counsel for the depositors of the Golden Key Credit Card Company complained to the Colombo High Court that the respondents had violated the bail conditions by failing to pay the Rs.40 million to the depositors as agreed by them before the Supreme Court as a condition of bail.

Counsel Sumudu Hettige made this disclosure to High Court Judge Sunil Rajapaksa during the inquiry into the Golden Key Credit Card Company allegedly for misappropriating around Rs.720 million in cash invested in the Credit Card Company by the depositors.

At the onset of the case Senior State Counsel Damith Totawatte filed a list of witnesses who were to give evidence for the prosecution.

Subsequently Counsel Sumudu Hettige appearing for the aggrieved parties made the disclosure about the non-payment of cash by the respondents to the depositors. President’s Counsel Jayantha Weerasinghe appearing for one of the accused objecting to Mr. Sumudu Hettige said the defendants had already paid Rs.1.2 million to the complainants. (TFT)

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Bail granted but conditions violated

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