Article: Ceylinco scam at a glance

Article from:
The Sunday Observer
Article date:
August 16, 2009
Copyright

Colombo, Aug. 16 -- November 2008.

Some of Ceylinco financial companies fail to pay interest to their depositors and stops withdrawals Golden Key Credit Card Co. payments made by cheques start bouncing

December 2008.

Golden Key Credit Card Co. crashes and closed down.

Chief Executive Director of the Golden Key Credit Card Co. Ltd, S.

Khavan M. Perera, is arrested.

Chairman, Ceylinco Group, Dr. Lalith Kotelawala issues a public statement that during the last few days, he had realised that the Golden Key has been involved in a major credit card fraud and that the employees of Golden Key are now beginning to reveal certain facts regarding the involvement of Khavan Perera.

Perera admitted to ...

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