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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]
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]
Japan, India and China are key parties to Sri Lanka's $12.5 billion debt rework. The main candidates in the election have expressed their intention to continue working with these parties and ...
Seylan Bank made a reputation once again as one of the leading banks in Sri Lanka after reaching a solution regarding the scam by the Golden Key Company and still continuing their services to people. [7] In May 2010, the bank's profits were up 32.3% when compared to the previous year. [8]
Choksy has been widely recognized for his involvement in the supreme court cases and was appointed as the President's Counsel under the Article 33 of the Constitution of Sri Lanka. Choksy has held positions at a companies including Golden Key Credit Card, [9] Abans Finance PLC, [10] Advantage Ltd and NIBM. In 1993 he won the Merit Prize for ...
The summit, which was originally designated to be hosted by Mauritius, was given to Malta when the Mauritian Prime Minister Navin Ramgoolam refused to attend the CHOGM 2013 over the human rights situation prevailing in the host country, Sri Lanka, and thus withdrew as the host of the 2015 summit as protocol had required him to attend the summit in order to personally invite other member states.
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