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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » 23rd - CIFL inquiry

23rd - CIFL inquiry

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123rd - CIFL inquiry Empty 23rd - CIFL inquiry Thu Jan 23, 2014 12:07 am

dilshan unawatuna

dilshan unawatuna
Manager - Equity Analytics
Manager - Equity Analytics
wht will happen ???????it may be a merger,an acquisition,issuing non-voting or finally a wind up ????

223rd - CIFL inquiry Empty 5 directors of CIFL to court Thu Jan 23, 2014 3:02 am

sriranga

sriranga
Co-Admin
Five directors of Central Investment and Finance company have been ordered to appear before court on February 17 in connection with the 245 cases filed, accusing them of having defrauded deposit money.

Colombo Fort magistrate Thilina Gamage today (22) issued the order against Lakshman Rupasinghe, Gamini Karunatilake, Douglas Jayatilake, Asitha Samarasinghe and Premasiri Vidanapathirana.

The complainants informed the court that they had not been paid interest for their deposits as promised, although they had expected more than 15 per cent interest.
https://www.srilankamirror.com/news/13048-5-directors-of-cifl-to-court

http://sharemarket-srilanka.blogspot.co.uk/

323rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 4:40 am

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@sriranga wrote:Five directors of Central Investment and Finance company have been ordered to appear before court on February 17 in connection with the 245 cases filed, accusing them of having defrauded deposit money.

Colombo Fort magistrate Thilina Gamage today (22) issued the order against Lakshman Rupasinghe, Gamini Karunatilake, Douglas Jayatilake, Asitha Samarasinghe and Premasiri Vidanapathirana.

The complainants informed the court that they had not been paid interest for their deposits as promised, although they had expected more than 15 per cent interest.
https://www.srilankamirror.com/news/13048-5-directors-of-cifl-to-court

Next hearing on feb 17th? will this case ever end? or will it drag like the twod?

423rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 10:18 am

Leon


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@ccsentha wrote:
@sriranga wrote:Five directors of Central Investment and Finance company have been ordered to appear before court on February 17 in connection with the 245 cases filed, accusing them of having defrauded deposit money.

Colombo Fort magistrate Thilina Gamage today (22) issued the order against Lakshman Rupasinghe, Gamini Karunatilake, Douglas Jayatilake, Asitha Samarasinghe and Premasiri Vidanapathirana.

The complainants informed the court that they had not been paid interest for their deposits as promised, although they had expected more than 15 per cent interest.
https://www.srilankamirror.com/news/13048-5-directors-of-cifl-to-court

Next hearing on feb 17th? will this case ever end? or will it drag like the twod?

Probably yes. Then after the court ruling there will be appeals. It will be real chaos.

523rd - CIFL inquiry Empty CIFL.................... Thu Jan 23, 2014 1:50 pm

tori.kumara


Senior Equity Analytic
Senior Equity Analytic
Any news?????

623rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 1:52 pm

davidr


Equity Analytic
Equity Analytic
good news it has a NAV of over 2.10 ... and this company was runned by a son in law of a close fellow of our dear loving MR. and with the implementation of the new financial sector consolidation plan .. .. CIFL will fall under Category C.. and most likely to be merged or aquired by one of the BIG Financial institutes in Category B.... if you have excess. willing to take risk a bit.. you better roll it on this..

please do not be biased by my opinion.. do your own research before coming into any conclusion. adioz

http://www.asiacapital.lk

723rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 2:03 pm

ccsentha


Vice President - Equity Analytics
Vice President - Equity Analytics
@davidr wrote:good news it has a NAV of over 2.10 ... and this company was runned by a son in law of a close fellow of our dear loving MR. and with the implementation of the new financial sector consolidation plan .. .. CIFL will fall under Category C.. and most likely to be merged or aquired by one of the BIG Financial institutes in Category B.... if you have excess. willing to take risk a bit.. you better roll it on this..

please do not be biased by my opinion.. do your own research before coming into any conclusion. adioz

how long will it take? court cases have to finish before it can be merged ne?

823rd - CIFL inquiry Empty Open warrant to arrest CIFL Chairman Thu Jan 23, 2014 2:07 pm

sriranga

sriranga
Co-Admin
The Colombo Chief Magistrate Gihan Pilapitiya yesterday (22) issued an open warrant through INTERPOL to arrest the Chairman of Central Investments & Finance PLC who has been charged of misusing customers' deposits amounting to Rs 800 million for his personal expenses.

The Criminal Investigation Department (CID) who informed the court that the real name of CIFL Chairman - Mallawarachchige Deepthi Perera is actually Chulaka Gunawaradane and that he has fled to Thailand on Sep. 02, 2013 using a passport with the name Perera.

Noting that they are aware of his location abroad, the CID requested the court to issue an open warrant for a subsequent INTERPOL red notice against him.

The CID further said that the suspect, who is currently in Bangkok, was inquiring after his parents through childhood friends and requested to issue the warrant in English.

Earlier, the judiciary had banned the CIFL Director Board from going on foreign tours.

H. M. Ekanayake, Director of the CB’s Department of Supervision of Non-Bank Financial Institutions (NBFI) is the prosecutor of the case.
https://www.srilankamirror.com/news/13054-open-warrant-to-arrest-cifl-chairman

http://sharemarket-srilanka.blogspot.co.uk/

923rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 2:29 pm

davidr


Equity Analytic
Equity Analytic
how much time it might take.. only god knows, Use your IQ to figure out who the god is Wink this is all i know. adioz again

please do not be biased by my opinion.. do your own research before coming into any conclusion. adioz

http://www.asiacapital.lk

1023rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 2:32 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Direct question for your safety and openess. Best to disclose :

Do you hold CIFL (and if so around what average)?


@davidr wrote:good news it has a NAV of over 2.10 ... and this company was runned by a son in law of a close fellow of our dear loving MR. and with the implementation of the new financial sector consolidation plan .. .. CIFL will fall under Category C.. and most likely to be merged or aquired by one of the BIG Financial institutes in Category B.... if you have excess. willing to take risk a bit.. you better roll it on this..

please do not be biased by my opinion.. do your own research before coming into any conclusion. adioz

1123rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 2:55 pm

davidr


Equity Analytic
Equity Analytic
are you asking me ?

http://www.asiacapital.lk

1223rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 3:02 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Yes , that why I quoted you. When you give hope for speculative share like this better to disclose your investment in it if you want to be unbiased


@davidr wrote:are you asking me ?

1323rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 3:13 pm

davidr


Equity Analytic
Equity Analytic
as far as i know i believe there is no requirement as such.. but for your information i have been in the investment business for over 20 years in sri lanka and overseas.. and I'm a strategic investor in penny stocks.. i got a team specialized for doing research on it.. i just gave my opinion and its up-to you to decide and let me know what you think . im new to this site.. but i believe thats how it should be.. im currently collecting shares.. and doing research.. on it .. im sure this is even too much details

http://www.asiacapital.lk

1423rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 3:29 pm

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
David , please know we try to maintain some standard in this site. Some other site got shut down due to promoting of shares in 2011.

CIFL has burned so many and still in big trouble. Your statement ". if you have excess. willing to take risk a bit.. you better roll it on this.. " infers to buy. We do not encourage buy or sell recommendation here for obvious reasons. Yes you can give facts and opinions. Also CIFL is very high risk high gain/high loss share.

I don;t know about other sites or requirements but I as an admin here requested you to disclose whether you hold this share if you truly want be unbiased.

I saw you controversial post on TWOD with a false heading which infers postiveness ( which is not ethical by facts as others commented )
http://forum.srilankaequity.com/t32402-twodn0000-touchwood-drags-foreign-attention


We like welcome to the forum buy please follow forum ethics and rules.


@davidr wrote:as far as i know i believe there is no requirement as such.. but for your information i have been in the investment business for over 20 years in sri lanka and overseas.. and I'm a strategic investor in penny stocks.. i got a team specialized for doing research on  it.. i just gave my opinion and its up-to you to decide and let me know what you think . im new to this site.. but i believe thats how it should be.. im currently collecting shares.. and doing research.. on it .. im sure this is even too much details

1523rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 3:34 pm

davidr


Equity Analytic
Equity Analytic
oho. you should have made that statement clear.. i agree with you im really sorry. please delete my previous statement if needed. at the same time i acknowledge the fact that this is very risky share,... and 60% chance things might go wrong. really sorry about it..

http://www.asiacapital.lk

1623rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 3:43 pm

davidr


Equity Analytic
Equity Analytic
.. MY advice is not to buy these kind of shares.. for the real investors. even i do it very cautiously. but please note i have not made any defamatory statements anywhere regarding touch wood.. i believe what you refer to is the twod foreign buying. the statement i made was regarding the last few weeks not years, please do your own research and find out about this.. or contact SEC.. dats 1. No 2. I come here not to promote but to learn.. and to share the knowledge i have. if i make a mistake. please do correct me.. if i know something for the benefit of others i will disclose any information which is legally possible.

http://www.asiacapital.lk

1723rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 3:48 pm

aiyosalli

aiyosalli
Manager - Equity Analytics
Manager - Equity Analytics
@davidr wrote:good news it has a NAV of over 2.10 ... and this company was runned by a son in law of a close fellow of our dear loving MR. and with the implementation of the new financial sector consolidation plan .. .. CIFL will fall under Category C.. and most likely to be merged or aquired by one of the BIG Financial institutes in Category B.... if you have excess. willing to take risk a bit.. you better roll it on this..

please do not be biased by my opinion.. do your own research before coming into any conclusion. adioz

Now you say not to buy.... Even your research team cannot predict srilankan penny stocks. All political and power.

1823rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Thu Jan 23, 2014 4:26 pm

kalum


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
im not expert or promoter. But i guess CILF,TWOD speculated shares giving some room to play. This will be highly risk high loose - mid earn game. not recommending but will not be bad to watch and enjoy Very Happy

1923rd - CIFL inquiry Empty Re: 23rd - CIFL inquiry Fri Jan 24, 2014 1:14 pm

nivekrulz

nivekrulz
Stock Analytic
Stock Analytic
It does have some assets to secure the current share price.. but its hard to advice on anything without knowing what is going on with operations. if the staff is still present .. operations are in place atleast to certain degree. then there is a somewhat luck. if anyone has any knowledge about how the CBSL consolidation plan will work with CIFL please let us know.. have a good day.. cheers mates Cool Cool Cool Cool Cool Cool Cool Cool Cool 

Wayne Abbott


Senior Equity Analytic
Senior Equity Analytic
@sriranga wrote:The Colombo Chief Magistrate Gihan Pilapitiya yesterday (22) issued an open warrant through INTERPOL to arrest the Chairman of Central Investments & Finance PLC who has been charged of misusing customers' deposits amounting to Rs 800 million for his personal expenses.

The Criminal Investigation Department (CID) who informed the court that the real name of CIFL Chairman - Mallawarachchige Deepthi Perera is actually Chulaka Gunawaradane and that he has fled to Thailand on Sep. 02, 2013 using a passport with the name Perera.

Noting that they are aware of his location abroad, the CID requested the court to issue an open warrant for a subsequent INTERPOL red notice against him.

The CID further said that the suspect, who is currently in Bangkok, was inquiring after his parents through childhood friends and requested to issue the warrant in English.

Earlier, the judiciary had banned the CIFL Director Board from going on foreign tours.

H. M. Ekanayake, Director of the CB’s Department of Supervision of Non-Bank Financial Institutions (NBFI) is the prosecutor of the case.
https://www.srilankamirror.com/news/13054-open-warrant-to-arrest-cifl-chairman

Smallville,you ridiculed/joked about my responses about Mr Deepthi Perera and all the time throughout my written comments I was telling the absolute truths about this person Mr Deepthi perera
You told me that Deepthi Perera is a honourable man then stated My stories are like a Indian movie the facts are this is now facts not fiction in which you tried so hard to make all appear nonsense
Despite his attempts per Deepthi Pereras open comments on the Sri Lanka Forum and your continued support by ridiculing all stated by myself and others, all has now appeared in the open,he is a thief of good peoples funds and him and Mr Roscoe Maloney are both involved together they manouvered all away from Perera being a identity with Aspic/CIFL and had Maloney take reins at Aspic to disguise their trickery
They tricked many Depositers,the Central bank,Sec, BOI, my lawyers for years and myself out of funds 500,000 usd,
I would now envisage all will come to court and I will attend with all in place for presentation for the deceitful trickery conjured by false documentation produced by Lawyers/Accountants/associates associated with Mr Deepthi Perera and would hope the Sri Lankan courts/authorities can have the wrongs done to depositers and myself Wayne Steven Abbott the foreign investor corrected,as the funds forwarded have been life long savings.
The
Sincerely

Wayne Steven Abbott

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