Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» CRIB රිපෝට් පමණක් සලකා බලා ණය ලබා දීම ප්‍රතික්ෂේප කරන්න එපා – රාජ්‍ය අමාත්‍ය ෂෙහාන් සේමසිංහ බැංකුවලින් ඉල්ලයි
by fireshelter Yesterday at 11:55 pm

» LFIN Superb Result
by Promoney Yesterday at 11:23 pm

» Power and Energy Sector
by jaya Yesterday at 10:30 pm

» What will happen tomorrow?
by jaya Yesterday at 10:29 pm

» RICHARD PIERIS AND COMPANY PLC (RICH.N0000)
by Teller Yesterday at 9:14 pm

» Sri Lanka Stock Market to remain flat in 2020
by Kipling Yesterday at 8:33 pm

» Shares to Buy
by KavinduTM Yesterday at 6:41 pm

» Viraj Dayaratna PC is the new Chairman of the SEC
by Teller Yesterday at 12:25 pm

» BROWNS INVESTMENTS PLC (BIL.N0000)
by Teller Yesterday at 12:03 pm

» Admin Help
by Junior investor Yesterday at 12:01 pm

» Investment Advice
by Teller Yesterday at 11:45 am

» ROYAL CERAMICS PLC (RCL.N0000)
by ThilinaM Yesterday at 10:29 am

» CHEVRON LUBRICANTS LANKA PLC
by Chanaka303 Yesterday at 9:59 am

» BAIRAHA FARMS PLC (BFL.N0000)
by ThilinaM Yesterday at 8:51 am

» කොටස් තැරැව්කරුවෝ අගමැති මහින්ද හමුවෙති
by Eng Krishantha Yesterday at 1:48 am

» stock portfolio tracking spreadsheet... (google spreadsheet/excel sheet)
by Sajeewa Niranjan Yesterday at 12:03 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by fireshelter Wed Jan 22, 2020 11:21 pm

» The biggest news in 2020
by Chanaka303 Wed Jan 22, 2020 10:01 pm

» Sri Lanka Economy
by KavinduTM Wed Jan 22, 2020 6:36 pm

» EAST WEST PROPERTIES PLC (EAST.N0000)
by PDH Wed Jan 22, 2020 4:26 pm

» Tile and Ceramic Sector
by KavinduTM Wed Jan 22, 2020 2:04 pm

» ABANS ELECTRICALS PLC (ABAN.N0000)
by NANDANA2012 Wed Jan 22, 2020 7:32 am

» President to meet Stockbrokers
by Promoney Tue Jan 21, 2020 11:54 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market & Forum Help » Political and Socio-Economic Analysis » Sri Lankan Bernard Madoff type Lalith Kotelawala bankrupted oldest finance company - The Finance gets Bailout from Mahinda Rajapaksa Regime's well managed Economy!

Sri Lankan Bernard Madoff type Lalith Kotelawala bankrupted oldest finance company - The Finance gets Bailout from Mahinda Rajapaksa Regime's well managed Economy!

Go down  Message [Page 1 of 1]

DealKing

DealKing
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
December 2014 Under the vision of Banking Sector Consolidation of Mahinda Rajapaksa government A long term loan on concessionary terms was provided from the Sri Lanka Deposit Insurance and Liquidity Support Fund to stabilize oldest finance company The Finance Company PLC and to move to a profitable level since it was unskillfully run and managed impacting on local economy and non banking finance sector by Globally known Money Swindler' Alan Stanford and Bernard Madoff like Sri Lankan Money Swindler Lalith Kotelawala who became Bankrupt mainly after funding exorbitantly for UNP's Ranil Wickramasinghe in 2005...and pulling out millions of Sri Lankan foreign exchange of the economy from the approval of Chandrika Bandaranaike Government to start insurance companies in Nepal and Money Transfer companies around the world called Ceylinco Fast Cash...which was collapsed after Rs.4.5 billion was unethically transferred by Lalith Kotelawala to his secret Singapore accounts which never came to Sri Lanka.

Sunnyside


Senior Equity Analytic
Senior Equity Analytic
If it is well managed how come golden key depositors were paid on 400million odd so far, when the Hyatt regency building which was valued at Rs7B was sold for RS 2B odd, how come the softlogic building which is located near the former house of fasion buidling in duplication was sold for Rs200m odd million when actual land value and building value was in excess of Rs400m? Where did the money of the assets sold goto? it was the best daylight robbery, focus all the attention on one issue while, and make the move while people are distracted.

Some of your post are good, but some just shows the lack of thinking

@DealKing wrote:December 2014 Under the vision of Banking Sector Consolidation of Mahinda Rajapaksa government A long term loan on concessionary terms was provided from the Sri Lanka Deposit Insurance and Liquidity Support Fund to stabilize oldest finance company The Finance Company PLC and to move to a profitable level since it was unskillfully run and managed impacting on local economy and non banking finance sector by Globally known Money Swindler' Alan Stanford and Bernard Madoff like Sri Lankan Money Swindler Lalith Kotelawala who became Bankrupt mainly after funding exorbitantly for UNP's Ranil Wickramasinghe in 2005...and pulling out millions of Sri Lankan foreign exchange of the economy from the approval of Chandrika Bandaranaike Government to start insurance companies in Nepal and Money Transfer companies around the world called Ceylinco Fast Cash...which was collapsed after Rs.4.5 billion was unethically transferred by Lalith Kotelawala to his secret Singapore accounts which never came to Sri Lanka.

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Ceylinco Balance Sheets were always over valued now that is a fact...What was Rs.7 billion in Ceylinco Baance sheets could become Rs.5 Billion or Rs.2 billion always.

As a fact have a look at Ceylinco Insurance assets they have bought properties at over-valued prices.

I know that Ceylinco had over 60 financial companies and over 40 real estate companies that virtually controlled Sri Lanka's Real Estate Sector and Financial Sector both.

Lalith Kotelawala had over 500 companies under 21 groups with 16 Deputy Chairpersons and one group Ceylinco Sussex alone had another 300 odd subsidiaries.So I think apart from every other post what Deal King said may be true for some extent.

I have read two of Kotelawala Biographies...one written by Satyn Magazine founder Nayomi Rathnayake Weerasooriya...in that Book Kotelawala says that he got approval from Chandrika Bandaranaike Kumarantunge gave him approval to take off US $ 10 milion to start and Insurance Company in Nepal and also for a Sattelite License under Golden Key.

Sarabulathwita

Sarabulathwita
Vice President - Equity Analytics
Vice President - Equity Analytics
@DealKing wrote:December 2014 Under the vision of Banking Sector Consolidation of Mahinda Rajapaksa government A long term loan on concessionary terms was provided from the Sri Lanka Deposit Insurance and Liquidity Support Fund to stabilize oldest finance company The Finance Company PLC and to move to a profitable level since it was unskillfully run and managed impacting on local economy and non banking finance sector by Globally known Money Swindler' Alan Stanford and Bernard Madoff like Sri Lankan Money Swindler Lalith Kotelawala who became Bankrupt mainly after funding exorbitantly for UNP's Ranil Wickramasinghe in 2005...and pulling out millions of Sri Lankan foreign exchange of the economy from the approval of Chandrika Bandaranaike Government to start insurance companies in Nepal and Money Transfer companies around the world called Ceylinco Fast Cash...which was collapsed after Rs.4.5 billion was unethically transferred by Lalith Kotelawala to his secret Singapore accounts which never came to Sri Lanka.


Patta hora

Sunnyside


Senior Equity Analytic
Senior Equity Analytic
@stock guru. I could careless about ceylinco, they can overvalue their assets if they want to, but ask a Realtor what was the land and building value of the current hyatt regency building when it was nearly halfway completed, same for the building softlogic acquired. Also as much as kotelawa was close to unp, check with sources how many business trips did rajapakse take with kothalawela and how many houses did shiranthi rajapakse get. The tipping point was a large request from the hyatt regency building. anyways i dont care, just that first we were concerned of getting recovering gk deposits, then thought okay 2bn recovered from galle road land and building sale, but where did the money goto? If you look out of the box you are told to look, there is a bigger picture.

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum