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Former Commissioned Officer of Sri Lanka Army from 1965 to 1972, Karu Jayasuriya in his political history has crossed political parties from one another time to time in the hope of getting premiership throughout last 15 years and is now hoping to become the common candidate in UNP in the upcoming elections.
However it is little unknown among mass Sri Lankans and Karu Jayasuriya has secretly taken all efforts in his career history to hide his real 'Bankruptcy' so that one day he can be the ruling leader in the Democratic Socialist Republic of Sri Lanka.
It is no secret that United National Party Deputy Leader Karu Jayasuriya once held the position of either Chairman or Director of 50 listed, unlisted corporates, trade chambers and others prior to his entry into politics. But what he would describe as the bullwalk was being the Chairman of United Motors Lanka PLC the first corporate entity to be “peoplised” under the Ranasinghe Premadasa Presidency.
But in the name of 'Peoplisation' Karu Jayasuriya made deals by being Chairman of those companies and selling them to other entrepreneurs in the island nation earning commissions under the hand...Also make a note that Karu Jayasuriya left many of those companies former employees without paying their due Employees Provident Fund (EPF) contributions and later those employees struggled to find jobs. Karu Jayasuriya those days threatened even journalists and deleted off articles of newspapers that exposed about his bankruptcy...but carried out articles promoting his business success.
If you properly analyse you will see across history that al the below companies went bankrupt during Karu Jayasuriya's time as Chairman.
Following are the companies.
The 50 ventures that he served either as Chairman or as Director were: Chairman Supervisory Board, Pima Holdings (Pvt) Limited which was Managing Agents and Major Shareholder was: Plymouth Industries (Pvt) Limited. Michelangelo Footwear (Pvt) Limited, Asia Industrial Enterprises (Pvt) Limited, Classic Footwear (Pvt) Limited, and Raphael Classics (Pvt) Limited, Chairman, K J Holdings (Pvt) Limited, Chairman, Merchant Credit of Sri Lanka Ltd, Director, Merchant Bank of Sri Lanka Limited, Alexandra International (Pvt) Limited, Plantation Investment and Management Company (Pvt) Limited, Director, Royal Fernwood Porcelain (Pvt) Limited, Chairman, Korea Ceylon Footwear Manufacturing Co. Ltd, Chairman, United Motors Lanka Limited, Chairman, Sri Lanka Expo (Pvt) Limited, Chairman, Unit Trust Management (Pvt) Ltd., Ceybank Unit Trust, Chairman, Organizing Committee, Sri Lanka Expo Fair 1992, Chairman, Advisory Board Plymouth Industries (Pvt) Limited Chairman, Colombo Rubber Traders Association, Chairman, C.W. Mackie & Co. Ltd, Chairman, C.W. Mackie (Coconut Products) Ltd, Chairman C.W. Mackie (Non-traditional Products) Ltd, Chairman, Mackgrains Limited, Chairman, Orient Silver Co. Ltd, Chairman, Cocomac (Pvt) Limited Chairman, Ceymac Rubber Co. Ltd., Chairman, C.W. Mackie (Managing Agencies) Ltd, Chairman, Rubber Convertors Limited, Chairman, Woodmac Limited, Chairman, Sri Lanka Business Development Centre
The other similar offices he held were: Chairman, SAARC Committee Federation of Chambers of Commerce & Industry of Sri Lanka, President, National Chamber of Commerce, Sri Lanka, President, Sugar Importers Association, Sri Lanka, President, Sri Lanka Korea Association, President, Plastics & Rubber Institute of Sri Lanka, President, Sri Lanka East European Business Council, Deputy President, Federation of Chambers of Commerce & Industry of Sri Lanka, Deputy President, Colombo Business School (Organizing Committee), Director, Ceylon Trading Co. Ltd, Director, General Superintendence Co Ltd, Director, Association Intercon Ltd. Director, Ceytra Limited, Director, Scan Imports Limited, Director, Scanships Limited, Director Ladyhill (Tourist) Hotels Limited, Director, Serendib Coconut Products Limited, Director, Prodcarry Limited, London, Director National Development Bank Venture Investments (Pvt) Ltd, Director Michelangelo Footwear (Pvt) Limited Member, Federation of Exports Association of Sri Lanka, Presidential Commission on Privatization, Rubber Council, Human Resources Development Council, Member, National Steering Committee – Year of Exports, Public Investment Management Board (by Presidential Appointment) and Member, Sri Lanka Export Development Board.
Karu may run a Deal Making Sri Lanka making the country go bankrupt...many people who gave support to Karu Jayasuriya time to time from Vehicles to Fuel, Houses to Offices also went Bankrupt during last 20 years in Sri Lankan history whilst some old men still keep their mouth shut how they lost EPF and ETF savings when Karu Jayasuriya served as the Chairman of those companies and how they lost their jobs.
According to Sri Lankan Constitution a person who has served in Bankrupt company and who has defaulted EPF payements behalf of employees of his or her tenure in the company cannot contest as Presidential Candidate at a 'Presidential Election'
However it is little unknown among mass Sri Lankans and Karu Jayasuriya has secretly taken all efforts in his career history to hide his real 'Bankruptcy' so that one day he can be the ruling leader in the Democratic Socialist Republic of Sri Lanka.
It is no secret that United National Party Deputy Leader Karu Jayasuriya once held the position of either Chairman or Director of 50 listed, unlisted corporates, trade chambers and others prior to his entry into politics. But what he would describe as the bullwalk was being the Chairman of United Motors Lanka PLC the first corporate entity to be “peoplised” under the Ranasinghe Premadasa Presidency.
But in the name of 'Peoplisation' Karu Jayasuriya made deals by being Chairman of those companies and selling them to other entrepreneurs in the island nation earning commissions under the hand...Also make a note that Karu Jayasuriya left many of those companies former employees without paying their due Employees Provident Fund (EPF) contributions and later those employees struggled to find jobs. Karu Jayasuriya those days threatened even journalists and deleted off articles of newspapers that exposed about his bankruptcy...but carried out articles promoting his business success.
If you properly analyse you will see across history that al the below companies went bankrupt during Karu Jayasuriya's time as Chairman.
Following are the companies.
The 50 ventures that he served either as Chairman or as Director were: Chairman Supervisory Board, Pima Holdings (Pvt) Limited which was Managing Agents and Major Shareholder was: Plymouth Industries (Pvt) Limited. Michelangelo Footwear (Pvt) Limited, Asia Industrial Enterprises (Pvt) Limited, Classic Footwear (Pvt) Limited, and Raphael Classics (Pvt) Limited, Chairman, K J Holdings (Pvt) Limited, Chairman, Merchant Credit of Sri Lanka Ltd, Director, Merchant Bank of Sri Lanka Limited, Alexandra International (Pvt) Limited, Plantation Investment and Management Company (Pvt) Limited, Director, Royal Fernwood Porcelain (Pvt) Limited, Chairman, Korea Ceylon Footwear Manufacturing Co. Ltd, Chairman, United Motors Lanka Limited, Chairman, Sri Lanka Expo (Pvt) Limited, Chairman, Unit Trust Management (Pvt) Ltd., Ceybank Unit Trust, Chairman, Organizing Committee, Sri Lanka Expo Fair 1992, Chairman, Advisory Board Plymouth Industries (Pvt) Limited Chairman, Colombo Rubber Traders Association, Chairman, C.W. Mackie & Co. Ltd, Chairman, C.W. Mackie (Coconut Products) Ltd, Chairman C.W. Mackie (Non-traditional Products) Ltd, Chairman, Mackgrains Limited, Chairman, Orient Silver Co. Ltd, Chairman, Cocomac (Pvt) Limited Chairman, Ceymac Rubber Co. Ltd., Chairman, C.W. Mackie (Managing Agencies) Ltd, Chairman, Rubber Convertors Limited, Chairman, Woodmac Limited, Chairman, Sri Lanka Business Development Centre
The other similar offices he held were: Chairman, SAARC Committee Federation of Chambers of Commerce & Industry of Sri Lanka, President, National Chamber of Commerce, Sri Lanka, President, Sugar Importers Association, Sri Lanka, President, Sri Lanka Korea Association, President, Plastics & Rubber Institute of Sri Lanka, President, Sri Lanka East European Business Council, Deputy President, Federation of Chambers of Commerce & Industry of Sri Lanka, Deputy President, Colombo Business School (Organizing Committee), Director, Ceylon Trading Co. Ltd, Director, General Superintendence Co Ltd, Director, Association Intercon Ltd. Director, Ceytra Limited, Director, Scan Imports Limited, Director, Scanships Limited, Director Ladyhill (Tourist) Hotels Limited, Director, Serendib Coconut Products Limited, Director, Prodcarry Limited, London, Director National Development Bank Venture Investments (Pvt) Ltd, Director Michelangelo Footwear (Pvt) Limited Member, Federation of Exports Association of Sri Lanka, Presidential Commission on Privatization, Rubber Council, Human Resources Development Council, Member, National Steering Committee – Year of Exports, Public Investment Management Board (by Presidential Appointment) and Member, Sri Lanka Export Development Board.
Karu may run a Deal Making Sri Lanka making the country go bankrupt...many people who gave support to Karu Jayasuriya time to time from Vehicles to Fuel, Houses to Offices also went Bankrupt during last 20 years in Sri Lankan history whilst some old men still keep their mouth shut how they lost EPF and ETF savings when Karu Jayasuriya served as the Chairman of those companies and how they lost their jobs.
According to Sri Lankan Constitution a person who has served in Bankrupt company and who has defaulted EPF payements behalf of employees of his or her tenure in the company cannot contest as Presidential Candidate at a 'Presidential Election'
