CSE halts trading activities of MTD Walkers PLC

CSE halts trading activities of MTD Walkers PLC

CSE halts trading activities of MTD Walkers PLC

Written by Staff Writer

20 Sep, 2018 | 10:59 pm

Colombo (News1st): The Colombo Stock Exchange says the trading of securities of MTD Walkers PLC has been halted.

MTD Walkers PLC was at the centre of controversy recently. According to the Colombo Stock Exchange, trading of MTD Walkers was halted at 03:37 PM today (September 20).

Sources confirmed that CSE had sought clarification from MTD Walkers PLC on debentures, however as the company had not responded, this measure had been taken.

Over the recent days, Jehan Amaratunga the Executive Deputy Chairman at MTD Walkers PLC faced allegations of securing a loan to the tune of billions whilst holding a position of Director at People’s Bank.

MTD Walkers PLC had taken more than Rs. 40 billion from the People’s Bank and have used hard earned money invested by the innocent people of this country as investments for their business activities.

There is only one Minister behind this and it is Minister Malik Samarawickreme if someone says otherwise it will be proven to the entire nation with enough evidence and documents.

Why do the authorities continue to remain silent when certain individuals or groups misappropriate funds from state banks?  Many revelations were made and certain allegations were proven. But the necessary action against those responsible is being delayed.

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