Lalith bailed in GK case

27 July 2011 06:24 am Views - {{hitsCtrl.values.hits}} 15 Bookmark

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Seven people accused in the Golden Key fraud case including former Ceylinco Chairman Lalith Kothalawela were released on a Rs. 5 million surety bail by the Colombo High Court today.

The court served indictment papers on each of the accused.

Colombo High Court judge Deepali Wijeyasundere issued an arrest warrant on the sixth accused, Cecilia Kothalawela who was not present in court.
(Lakmal Sooriyagoda)

Comments - 15

Concerned Wednesday, 27 July 2011 06:48 AM

A valuable lesson to all Chairmen and Presidents of organizations not to trust their directors too much!

6 73

Fayad Wednesday, 27 July 2011 06:47 AM

Cheated people & did charity with that money
What a crime & shame

20 59

Samba Wednesday, 27 July 2011 06:54 AM

Sir, Take over the Ceylinco Group before it is swallowed by the
10% gang.

15 52

nadi Wednesday, 27 July 2011 07:10 AM

may be he has signed his last will to regime (u know who)

10 51

SHANTHI Wednesday, 27 July 2011 07:17 AM

What is the ultimate verdict to the depositors ??

2 41

chryshan Wednesday, 27 July 2011 07:31 AM

Is this an bailable offence, considering the value and number of depositors?

7 36

Bumba Wednesday, 27 July 2011 07:35 AM

Next will be release and then become a "so called adviser". Miracle of Asia.

9 36

Konde Bendapucheenaa Wednesday, 27 July 2011 07:45 AM

He mustn't bail out for what he have done for innocent people

10 39

willows Wednesday, 27 July 2011 07:51 AM

He is innocent, but his 1st eleven made him this situation???

30 27

soda Wednesday, 27 July 2011 08:14 AM

He is innocent. everything done by people behind him all the Directors, Mangers, and all executives who work under him..

37 27

faqi Wednesday, 27 July 2011 08:28 AM

soda & willows - How could he be considered innocent, he was the chairman of the company. He has to bear the responsibility for the fraud. He should have known better being the chairman.

4 45

ind Wednesday, 27 July 2011 08:39 AM

This is not only directors fault.

18 31

Yunus Wednesday, 27 July 2011 10:11 AM

A leader must lead from the front, to grow such an empire he must know all dtls in his finger tips

1 28

Depressed Depositor Thursday, 28 July 2011 06:05 AM

What bail? ...... The Fraudsters should be jailed until they pay back the depositors every cent. It is over 2 years and the depositors are languishing. Where is justice?

2 5

1990 - Past Employee Thursday, 28 July 2011 10:32 AM

He had 5 Million of your Deposit money.

1 0

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