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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Granted Bail - just some info

Granted Bail - just some info

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1Granted Bail - just some info Empty Granted Bail - just some info Fri Aug 09, 2013 9:07 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Usually I do not copy paste news but thought of doing so in this time because there may be concerned people linked some way with the undermentioned finance companies. ( depositors, minority shareholders etc. )

News 1


Central Investment and Finance Limited (CIFL) former Chairman M. A. Deepthi Perera who had been remanded by the Colombo Chief Magistrate and Additional District Judge Kusala Sarojini Weerawardena for allegedly obtaining a passport on forged documents was yesterday released on bail.

CFIB officials told Court that the suspect Deepthi Perera is alleged to have obtained a passport in 2000 using several forged documents.

He is also alleged to have obtained a forged National Identity Card, the CFIB officials told Court. Judge Weerawardena directed the suspect Deepthi Perera to tender the passport that he had obtained in 2000.

(Link:  http://www.mirror.lk/news/9609-former-cifl-chairman-released-on-bail
Note: I do not trust links because we have no way to ascertain validity of the content .  )


News 2

It is suspected that the previous owner of Kanrich Finance Limited, Deepthi Perera and a director of its current associating company D**** S***** have bought a Teak land amounting to Rs 1 billion in Thailand.

The Teak land has been bought from Touchwood Private Limited company of Thailand, reports say.

It is suspected that money obtained from the customers of Kanrich Finance Limited under promissory notes has been used to buy the particular land.

Due to the issue emerged regarding the history of Kanrich , the customers are heard to be paying more attention towards financial interactions done with the company.

Link: http://www.srilankamirror.lk/news/9324-did-kanrich-buy-teak-land-from-customer-s-money

Name Change

Janashakthi Finance & Investment  -> Next Finance -> Kanrich Finance

JFI was owned by Depthi Perera , the current owner of CIFL

2Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 9:22 am

mark

mark
Expert
Expert
apoi... next vanik?

tnx chinwi Smile

3Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 9:33 am

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Guy don;t get confused , below  is old info NOT NEW .

But good to know  the past about CIFL so we can learn and identify  something for the future about such companies . Below is talk from 2006.

Lot of talk but no action, integrity or full implementation.Being over ambitious is another fault. Interesting details  about CIFL history, Deepthi Perera, ASPIC and  how

"CIFL's target is to complete two thousand houses within three years. Three luxury housing projects close to the city have been earmarked for the near future."

"The goal of CIFL is to be the most respected and innovative local financial services company. "
 
http://www.sundayobserver.lk/2006/10/15/mon10.asp



Last edited by slstock on Fri Aug 09, 2013 2:17 pm; edited 1 time in total

4Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 1:09 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Thanks Chinwi. I am not a holder of any CIFL shares but try to understand the loop holes that could be used by top management level to make ordinary society hell. Love to see his death sentence if he is a cheater..Wink

5Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 2:07 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
yes, now I realized they have reproduced something happened in 2006 ( passport case).

Somehow , now we know the links and the history.

For past many months my wife tried to push me to FD with them. One of her close friends deposited her life saving at a very high rate and getting 1st class treatments from them. Others also wanted to follow her and get good return and similar treats, advocating me daily about their best finance company.

Finally I scolded to stop those fancy talks.

6Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 2:37 pm

WildBear


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Our Master Blaster deposited his money in Golden Key and luckily he withdrew early before it collapse, We so he promoted CIFL too with advertisements, not sure he has Deposits/Equity in CIFL also

7Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 3:02 pm

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Hard to trust anybody these days.

Whatever happens common folks would be the last to know.

8Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 3:23 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
This is a 2 way problem.

When public figures pose in Advertisements, we try to believe them. I think these public figures should have more social responsibility and general knowledge before choosing to pose and promote/pick such companies .
They should be selective.

But they don;t pose/promote necessarily due to the the company being really good but for the money they are getting.

On the other hand, public should not be so naive to follow such people without thinking and researching.



@WildBear wrote:Our Master Blaster deposited his money in Golden Key and luckily he withdrew early before it collapse, We so he  promoted CIFL too with advertisements, not sure he has Deposits/Equity in CIFL also

9Granted Bail - just some info Empty Re: Granted Bail - just some info Fri Aug 09, 2013 3:51 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Sanga and Mahela still endorse Touchwood

10Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 11:12 am

dineshfernando


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Doesn't the Companies Act prevent a person who was convicted in a criminal case to act as a Director of a company.

How did SEC allow M. A. Deepthi Perera to act as a director?

11Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 11:53 am

Wayne Abbott


Senior Equity Analytic
Senior Equity Analytic
Good Morning Chinwi

It would appear Deepthi Perera has absconded from Sri Lanka and sold out Aspic without any advice to myself on sold all it appears to Roscoe Maloney 9Touchwood) and then for payment Maloney has purchased Aspic by swapping for the Rs 1 Billion teak land in Thailand were Perera's wife and son reside.
All incorrect and if Roscoe Maloney is correct why has he forwarded signed Sales and Purchase agreements which have amounted to zero!
Sincerely

Wayne Abbott

12Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 11:59 am

Wayne Abbott


Senior Equity Analytic
Senior Equity Analytic
Chinwi

If Roscoe Maloney (Touchwood) is now Aspic Big Chief and is selling all Aspics companies would he not be accountable to pay my proceedings out of the sold companies Lumbini Aquarium and so forth!
This is illegal to dilute all companies holdings without paying out a shareholder or for that matter advising the shareholder of intented actions.
I will forward all to SEC and other associated company watchdogs in Sri Lanka to stop this happening.
Respectfully my regards to all within the Sri Lanka Equity Forum it has been a pleasure to know there is decent and structured business people in Sri Lanka
Sincerely
Wayne Abbott

13Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 12:44 pm

rainmaker


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Maloney won't hang around to talk pleasantries with you! Neither will the SEC unless you want to be a case study in the next Chartered Accountancy exams

Bang heads first, ask questions later.

14Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 12:45 pm

Jana1


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@Wayne Abbott wrote:Chinwi

If Roscoe Maloney (Touchwood) is now Aspic Big Chief and is selling all Aspics companies would he not be accountable to pay my proceedings out of the sold companies Lumbini Aquarium and so forth!
This is illegal to dilute all companies holdings without paying out a shareholder or for that matter advising the shareholder of intented actions.
I will forward all to SEC and other associated company watchdogs in Sri Lanka to stop this happening.
Respectfully my regards to all within the Sri Lanka Equity Forum it has been a pleasure to know there is decent and structured business people in Sri Lanka
Sincerely
Wayne Abbott
Wayne,

We would be very please to read your updates regarding the progress against those accuses..and also be careful those guys may be watching this platform... Good luck with your journey...

15Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 1:15 pm

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
This govt hand pick crooks and appoint them to manage important institution.

Why ?

They want to make money rather than developing the country

Who recommend these people ? Are they friends or supporters of Govt

16Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 3:35 pm

K.Haputantri

K.Haputantri
Co-Admin
Thanks chinvi for timely info.

17Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 3:42 pm

K.Haputantri

K.Haputantri
Co-Admin
Wayne Abbott- Thanks for keeping the forum informed of your plight. However, I encourage you to take leagle action against these rogues.

Public Interest litigation against them and also against the regulators who kept quiet all these days should be initiated by the legal aid NGOs in Sri Lanka.

18Granted Bail - just some info Empty Re: Granted Bail - just some info Sat Aug 10, 2013 5:09 pm

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Wayne,

While dealing directly and continuously with our authorities you should also get the help of your Embassy in this county if there is no hindrance in your side to disclose everything.

19Granted Bail - just some info Empty Re: Granted Bail - just some info Sun Aug 11, 2013 9:50 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
If judiciary is not an independent institution what is the purpose of
public interest litigation

Some of judges get political appointments after retirement Some contest
election after retirement

How can we expect independent judiciary?

20Granted Bail - just some info Empty Re: Granted Bail - just some info Sun Aug 11, 2013 8:34 pm

bullrun

bullrun
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@WildBear wrote:Our Master Blaster deposited his money in Golden Key and luckily he withdrew early before it collapse, We so he  promoted CIFL too with advertisements, not sure he has Deposits/Equity in CIFL also
Anything endorsed by national figures like this should not be believed. One should know that these people do extra ordinary things not because of their intelligence but because the physical strength. Most brand ambassadors may have not even seen the things they advocate after becoming Miss Sri Lanka, best actor, best dancer, best singer, super star or someone.

Conclusion: To express broad base lie only one need a national figure!

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