Government begins disbursement of Golden Key depositor payments

Government begins disbursement of Golden Key depositor payments

Government begins disbursement of Golden Key depositor payments

Written by Tharushan Fernando

24 Jul, 2015 | 9:45 pm

The government on Friday began the disbursement of payment to Golden Key deposit holders. The event was held under the auspices of President Maithripala Sirisena. The initial disbursement of deposits to Golden Key depositors took place at the BMICH on Friday, where a group of depositors who were severely inconvenienced by the fall of Golden Key obtained the payments.

The President noted that the government is responsible for the financial policies and financial management of the public and private sector and questioned as to whether it was known that a flaw in the financial management of the previous government led to the fall of the Golden Key Company.

The President said:

We hope to appoint a special investigation commission headed by a retired judge on the Golden Key Company and the commission will investigate the way the company was destroyed; and the transactions that happened after it and will submit the findings and the recommendations.Legal action will be taken against those who tried to divide the assets of the company among themselves.
Prime Minister, Ranil Wickremesinghe noted that the Central Bank must have been aware that the deposits were being misused and that there is a separate division for that.But they did not carry out their duties and the company went bankrupt. He added that they did not even go for a solution even at that time. He said

I remember, we raised questions in this regard and even though it was said that solutions will be provided, it did not happen.

Minister of Finance, Ravi Karunanayake stated:

Today they speak of certain deals but do never speak of the 990 billion Hedging deal and today Ajith Nivard Cabraal makes various statements and these banks were paid 330 billion rupees from your taxes and 2000 million rupees was lost from the Greek Bonds but they do not speak of this.

 

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