GK depositors in bid to reclaim money

by Shirajiv SIRIMANE

The Ceylinco-Golden Key Depositors Association (GKCC) will form a Trustee in a bid to reclaim their deposits.

President of the GKCC, Dushanthi Hapugoda said they hope to bring in Ceylinco Chairman Lalith Kotelawela for this proposed committee along with 10 other depositors.

She said that almost two years have gone by, but only Rs. 800 million had been paid out of the capital of Rs. 26 billion. "This too was given as Rs. 100,000 advances for the 6,870 depositors and since then nothing noteworthy has taken place," she said.

Hapugoda said they met President Mahinda Rajapaksa and the Central Bank Governor in this regard six months ago and this meeting was very fruitful. "However nothing is moving now," she said.

She said one of the main reasons for them to formulate a Trustee was to replace the existing three-member committee operating from a cubicle at the Central Bank.

She said their unwarranted expenses add up to Rs. 21 million and this money could have been paid to settle some depositors.