The Golden Key (GK) Board of Directors stepped down from their posts making way for the Monetary Board of the Central Bank and the Treasury to appoint two new directors as per the Supreme Court directive on Tuesday. One of the GK directors, Dushanthi Hapugoda who is the chairperson of the All GKCC Depositors’ Association [...]

The Sunday Times Sri Lanka

GK Directors step down after new payment plan

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The Golden Key (GK) Board of Directors stepped down from their posts making way for the Monetary Board of the Central Bank and the Treasury to appoint two new directors as per the Supreme Court directive on Tuesday.

One of the GK directors, Dushanthi Hapugoda who is the chairperson of the All GKCC Depositors’ Association has reportedly taken away three boxes of valuable GK company documents when she left the office Wednesday, an activist of GK pressure group Anura Gunawardena said accusing her of sabotaging the government’s efforts in the repayment process.

He pointed out that directors should hand over all documents and inventory items when they leave their posts and Ms. Hapugoda had violated administration procedure. GK Chairman Priyantha Fernando should take the responsibility for allowing her to remove GK documents from the office, he alleged.

GK depositor, Alex Jayasinghe confirming this incident noted that an inquiry should be conducted immediately as no one can remove GK documents without the authority of the monetary board. When contacted over the phone, Ms. Hapugoda said these were her personnel documents and she removed it with the permission of the Chairman.

She further stated that she has handed over inventory items and GK documents to the GK Chairman in the presence of a Finance Ministry official.  Those documents including court proceedings and details of assets were collected by her during the past seven years for the Supreme Court case and identify GK assets. She added that she took measures for the benefit of depositors honestly and all allegations against were false.

The Supreme Court on Friday 24 July granted approval to the government’s new action plan of paying back 41 per cent of the deposits of the Golden Key Company, terminating the proceedings after six years.

Depositors will be repaid their money using a facility of Rs. 8.5 billion from the Treasury in accordance with the proposal of Prime Minister Ranil Wickremesinghe approved by the cabinet.

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