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Touchwood investors who have invested in local plantations are said to be not in trouble as they have invested in local plantations that has a value and legal deeds.
However it is only a handful of over 100 investors who have invested in Touchwood Cambodia and Touchwood Thailand Agarwood plantations that are in trouble and who filed for bankruptcy because their files were stolen by Roscoe Maloney and Swarna Maloney when they escaped from Sri Lanka.
As a result now a company that has large local plantation base is banned from trading coz of few investors who got carried away by mistaking Touchwood Investments PLC for Touchwood Investments Ltd abroad that was parallely marketed by Maloney couple to do a fraud.
The new Chairman Lanka Wijendra Kiwlegedara seem to have invested over Rs.100 million in plantations as a investor and continuing with management of the company and legal issues to sort out the matter whilst Insiders from regulator says that Sri Lanka's Stock Market Regulator seem to be helping the company go bankruptcy allowing G.K.S. Kumar - the Liquidator to be credited with few millions under the hand in an under-table deal where G.K.S. Kumar is trying to manage plantations and sell them to various others 'In the Name of Liquidation'.
Now local investors who invested in Touchwood local plantations are fighting back to bring Touchwood shares to trade again asking court to remove liquidator Kumar who is trying to underhand business like Professor.Lakshman R. Watawala the accountant who earned millions by saying he is trying to value fallen Golden Key Assets and Goden Key Credit Company's business.
However it is only a handful of over 100 investors who have invested in Touchwood Cambodia and Touchwood Thailand Agarwood plantations that are in trouble and who filed for bankruptcy because their files were stolen by Roscoe Maloney and Swarna Maloney when they escaped from Sri Lanka.
As a result now a company that has large local plantation base is banned from trading coz of few investors who got carried away by mistaking Touchwood Investments PLC for Touchwood Investments Ltd abroad that was parallely marketed by Maloney couple to do a fraud.
The new Chairman Lanka Wijendra Kiwlegedara seem to have invested over Rs.100 million in plantations as a investor and continuing with management of the company and legal issues to sort out the matter whilst Insiders from regulator says that Sri Lanka's Stock Market Regulator seem to be helping the company go bankruptcy allowing G.K.S. Kumar - the Liquidator to be credited with few millions under the hand in an under-table deal where G.K.S. Kumar is trying to manage plantations and sell them to various others 'In the Name of Liquidation'.
Now local investors who invested in Touchwood local plantations are fighting back to bring Touchwood shares to trade again asking court to remove liquidator Kumar who is trying to underhand business like Professor.Lakshman R. Watawala the accountant who earned millions by saying he is trying to value fallen Golden Key Assets and Goden Key Credit Company's business.
