Progress of Repayment to the Security Deposit Holders of The Golden Key
July 26, 2010 at 9:43 pm · Posted Public Articles · Press Releases
The Committee of Chartered Accountants appointed by the Supreme Court wishes to inform the security deposit holders of The Golden Key Credit Card Company Limited that it has now completed the Phase 1 of the Repayment of security deposits as approved by the Supreme Court.
Accordingly, all eligible security deposit holders have been paid on the basis of either 75 % of the security deposit balances as at 31.12.2008 or Rs. 100,000 whichever is lower after verification by the auditors. As at 14.07.2010, a sum of Rs. 772.93 million has been paid to 7,838 security deposit holders. The Committee has also sent letters to security deposit holders who have not provided details relating to their security deposits requesting them to submit those details to the Chief Operating Officer, Secretariat to the Committee of Chartered Accountants, Central Bank of Sri Lanka, Tower 1, Level 7, No.30, Janadhipathi Mawatha, Colombo 1 without further delay.
The Committee with the approval of the Supreme Court has already advertised to dispose of certain assets belonging to The Golden Key Credit Card Company Ltd. and related companies after obtaining the valuation of such assets from the Chief Government Valuer.
The Committee will decide on the next instalment of payment to security deposit holders after submitting a report to the Supreme Court for approval at the next hearing on 06.08.2010.
Press Release, July,26. 2010
Central Bank of Sri Lanka