Financial Times

Ceylinco assets sales restrained by court

Any disposal of assets including real estate by the Ceylinco Conslidated Group will need the prior approval of the Mount Lavinia Chief Magistrate’s Court following a ruling on Wednesday that the Golden Key Credit Card Company, its subsidiaries and directors be prevented from selling or transferring any assets.

 
Tax dept. to probe Golden Key, depositors
The Inland Revenue Department (IRD) is to initiate investigations into Golden Key Credit (GK) Card Company tax files and its depositors who have not paid taxes on their interest earnings or had invested large sums of money seeking high interest rates, RD sources told The Sunday Times FT.
 
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