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The Golden Key Credit Card Company (GKCCC) was a leading Sri Lankan financial institution specializing in credit card services, and a subsidiary of the Ceylinco Consolidated. [2] Founded on June 3, 1977, it was a wholly-owned subsidiary of the Ceylinco Group, an extensive conglomerate with more than 300 subsidiaries.
Ceylinco Consolidated is liable to repay nearly USD 200million for disgruntled [3] depositors [4] of failed Golden Key Credit Card Company, [5] F&G (Finance and Guarantee) PLC, Ceylinco Shiram PLC [6] The scandal, which erupted like a tsunami when the Ceylinco Golden Key Credit Card Company failed to honour its payments to depositors, soon spread to other institutions. it is estimated as at ...
Deshmanya Jeewaka Lalith Bhupendra Kotelawala (29 October 1938 – 21 October 2023) was a Sri Lankan businessman, who was the chairman of Ceylinco Consolidated and also was the founding chairman of Seylan Bank. [1] He was listed in the 2007 Sri Lanka Richest List. [2]
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Walkers Tours Limited is a travel company in Sri Lanka. Walkers Tours is a destination management company based in Sri Lanka. [1] that operates inbound tours. [2] The company is a destination management operator. [3] It also manages the brand Nature Odyssey, [4] which caters to nature and adventure travel. [2]
Sri Lanka is a popular tourist destination. Tourism is a key industry that attracts international tourists yearly. Foreigners visit Sri Lanka to see nature, wildlife, historical monuments, and indigenous culture. In 2018, tourist arrivals peaked at 2.5 million, who spent a total of US$5.6 billion in the country.
Seylan Bank's troubles started when the Golden Key Credit Card Company, an unregulated firm of the Ceylinco group was unable to repay its customers due to financial instability. [ 6 ] The collapse of the Golden Key Credit Card Company which was a subsidiary of the Ceylinco Consolidated and the mismanagement of funds by the former chairman in ...
In 2008, Golden Key Credit Card Co., a subsidiary of Ceylico Insurance's parent Ceylinco Consolidated, crashed. [8] The board of directors of Ceylinco Consolidated, including Chairman Lalith Kotelawala, was indicted for 91 charges. [9] Pictet & Cie, a Swiss private bank acquired 10.68% of the company's shares in 2009. [10]
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