Sri Lanka’s famous ‘King of Bonds’ former money broker Ajith Devasurendra lead Taprobane Holdings own Taprobane Securities which was recently involved in the controversial The Finance Company (TFC) and National Savings Bank (NSB) deal will soon announce its clarification on the cancelation of the ‘Deal’ today to Colombo Bourse, CSE Leaks learn.
“Accordingly ‘King of Bonds’ Ajith Devasurendra articulated and pioneered Taprobane Securities will write a letter requesting the transfer of shares of TFC from NSB Custodian account to Taprobane Securities Suspense Account’ market analysts told CSE Leaks.
“Further thereby Sampath Bank will get the opportunity to recover the loss of over Rs.390 million and the market would return to normal” the analysts added.
Earlier CSE Leaks reported that Sri Lanka's state owned public deposit rich National Savings Bank bought a 13.02% stake of former Ceylinco owned oldest finance golden house of the island The Finance Company PLC (TFC) on 27 April 2012; after the transaction a filing by Sri Lanka's former Money Broker and Bond marketer Ajith Devasurendra lead Taprobane Securities said. However it is now been a question while Sri Lanka’s Bond Market Pioneer Ajith Devasurendra had represented the mother entity Taprobane Holdings’ Director Board, sources outline that Devasurendra had not been representing the board of Directors of Taprobane Securities, the stock brokering arm which Devasurendra’s junior Dinal Wijemanne-one of TFC Directors who shed shares to NSB at a premium price-is the CEO/Managing Director position of the entity.
Link Read More : http://www.cseleaks.com/2012/05/how-to-cancel-tfc-nsb-deal-on-today.html