“CB probes two EPF employees”
Dilshan Wirasekara, Managing Director and Chief Executive Officer of First Capital Holdings PLC, has sent the following clarification with reference to the article under the above heading which appeared in The Sunday Times Business Times on June 22.
“In the article, Mr. Jaliya Wijeratne is inaccurately referred to as the ‘First Capital CEO’. This is incorrect as Mr. Wijeratne is the Chief Executive Officer of First Capital Equities (Pvt) Ltd. This inaccurately infers regulatory scrutiny on the CEO of First Capital.
On June 12, the Court of Appeal issued an interim order directing the Securities and Exchange Commission to maintain the status quo that existed prior to the issuance of the disqualification notice. Based on this judicial directive and legal advice, the Board of Directors of the company determined that Mr. Wijeratne is legally entitled to resume his duties, and he accordingly resumed office with effect from June 16.”
Editor’s note: The interim order is not a final decision and the case continues.
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