Ceylinco assets worth Rs. 4 bn. transferred to SPV to repay GK depositors-On a Supreme Court directive

BY SURESH PERERA-December 7, 2013, 6:20 pm

In an unprecedented boost to the prolonged struggle to repay suffering Golden Key (GK) depositors, the Supreme Court last week directed the transfer of two major Ceylinco Consolidated assets valued at around Rs. 4 billion to the dedicated Special Purpose Vehicle (SPV).

Ceylinco Assets Worth Rs. 4 Bn. Transferred to SPV to Repay GK Depositors-On a Supreme Court Directive by nelvely