Settling Golden Key depositors

The Committee of Chartered Accountants appointed by the Supreme Court said that it has now completed Phase one of the repaying of depositors as approved by the Supreme Court to secure deposit holders of Golden Key Credit Card Company Ltd.

Accordingly, all eligible deposit holders have been paid on the basis of either 75 per cent of the deposit balances as at 31.12.2008 or Rs. 100,000 whichever is lower after verification by the auditors.

As at 14.07.2010, a sum of Rs. 772.93 million has been paid to 7,838 security deposit holders. The Committee has also sent letters to security deposit holders who have not provided details relating to their security deposits requesting them to submit those details to the Central Bank. The Committee with the approval of the Supreme Court has already advertised to dispose of certain assets belonging to The Golden Key Credit Card Company Ltd.