The Securities and Exchange Commission (SEC) has directed the Colombo Stock Exchange (CSE) to ensure Supreme Court orders on some fundamental rights applications are followed pertaining to four Ceylinco firms.
In a letter, CSE has been directed to prevent any transaction that results in disposal, pledge or mortgage securities belonging to Ceylinco Shriram, Ceylinco Capital Investment, Ceylinco Consolidated and CLC Asset Management as well as all the past and present directors and office bearers of these firms. SEC has given names of 48 directors of these companies which were forwarded by the Central Bank. “Information in relation to such transactions should be directly sent to the Director Supervision, Non-Bank Financial Institutions Department,” the SEC letter says. |
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