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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Former Army Official Karu Jayasuriya to run a Bankrupt Sri Lanka Inc. who held Chairman post in many failed companies and sold companies during UNP Regime!

Former Army Official Karu Jayasuriya to run a Bankrupt Sri Lanka Inc. who held Chairman post in many failed companies and sold companies during UNP Regime!

+8
ranferdi
sampath.anuradha
Octopus
Ernie Tissera
hettdas
marusira
bakapandithaya
StockGuru
12 posters

Go down  Message [Page 1 of 1]

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Former Commissioned Officer of Sri Lanka Army from 1965 to 1972, Karu Jayasuriya in his political history has crossed political parties from one another time to time in the hope of getting premiership throughout last 15 years and is now hoping to become the common candidate in UNP in the upcoming elections.

However it is little unknown among mass Sri Lankans and Karu Jayasuriya has secretly taken all efforts in his career history to hide his real 'Bankruptcy' so that one day he can be the ruling leader in the Democratic Socialist Republic of Sri Lanka.

It is no secret that United National Party Deputy Leader Karu Jayasuriya once held the position of either Chairman or Director of 50 listed, unlisted corporates, trade chambers and others prior to his entry into politics. But what he would describe as the bullwalk was being the Chairman of United Motors Lanka PLC the first corporate entity to be “peoplised” under the Ranasinghe Premadasa Presidency.

But in the name of 'Peoplisation' Karu Jayasuriya made deals by being Chairman of those companies and selling them to other entrepreneurs in the island nation earning commissions under the hand...Also make a note that Karu Jayasuriya left many of those companies former employees without paying their due Employees Provident Fund (EPF) contributions and later those employees struggled to find jobs. Karu Jayasuriya those days threatened even journalists and deleted off articles of newspapers that exposed about his bankruptcy...but carried out articles promoting his business success.

If you properly analyse you will see across history that al the below companies went bankrupt during Karu Jayasuriya's time as Chairman.

Following are the companies.

The 50 ventures that he served either as Chairman or as Director were: Chairman Supervisory Board, Pima Holdings (Pvt) Limited which was Managing Agents and Major Shareholder was: Plymouth Industries (Pvt) Limited. Michelangelo Footwear (Pvt) Limited, Asia Industrial Enterprises (Pvt) Limited, Classic Footwear (Pvt) Limited, and Raphael Classics (Pvt) Limited, Chairman, K J Holdings (Pvt) Limited, Chairman, Merchant Credit of Sri Lanka Ltd, Director, Merchant Bank of Sri Lanka Limited, Alexandra International (Pvt) Limited, Plantation Investment and Management Company (Pvt) Limited, Director, Royal Fernwood Porcelain (Pvt) Limited, Chairman, Korea Ceylon Footwear Manufacturing Co. Ltd, Chairman, United Motors Lanka Limited, Chairman, Sri Lanka Expo (Pvt) Limited, Chairman, Unit Trust Management (Pvt) Ltd., Ceybank Unit Trust, Chairman, Organizing Committee, Sri Lanka Expo Fair 1992, Chairman, Advisory Board Plymouth Industries (Pvt) Limited Chairman, Colombo Rubber Traders Association, Chairman, C.W. Mackie & Co. Ltd, Chairman, C.W. Mackie (Coconut Products) Ltd, Chairman C.W. Mackie (Non-traditional Products) Ltd, Chairman, Mackgrains Limited, Chairman, Orient Silver Co. Ltd, Chairman, Cocomac (Pvt) Limited Chairman, Ceymac Rubber Co. Ltd., Chairman, C.W. Mackie (Managing Agencies) Ltd, Chairman, Rubber Convertors Limited, Chairman, Woodmac Limited, Chairman, Sri Lanka Business Development Centre

The other similar offices he held were: Chairman, SAARC Committee Federation of Chambers of Commerce & Industry of Sri Lanka, President, National Chamber of Commerce, Sri Lanka, President, Sugar Importers Association, Sri Lanka, President, Sri Lanka Korea Association, President, Plastics & Rubber Institute of Sri Lanka, President, Sri Lanka East European Business Council, Deputy President, Federation of Chambers of Commerce & Industry of Sri Lanka, Deputy President, Colombo Business School (Organizing Committee), Director, Ceylon Trading Co. Ltd, Director, General Superintendence Co Ltd, Director, Association Intercon Ltd. Director, Ceytra Limited, Director, Scan Imports Limited, Director, Scanships Limited, Director Ladyhill (Tourist) Hotels Limited, Director, Serendib Coconut Products Limited, Director, Prodcarry Limited, London, Director National Development Bank Venture Investments (Pvt) Ltd, Director Michelangelo Footwear (Pvt) Limited Member, Federation of Exports Association of Sri Lanka, Presidential Commission on Privatization, Rubber Council, Human Resources Development Council, Member, National Steering Committee – Year of Exports, Public Investment Management Board (by Presidential Appointment) and Member, Sri Lanka Export Development Board.

Karu may run a Deal Making Sri Lanka making the country go bankrupt...many people who gave support to Karu Jayasuriya time to time from Vehicles to Fuel, Houses to Offices also went Bankrupt during last 20 years in Sri Lankan history whilst some old men still keep their mouth shut how they lost EPF and ETF savings when Karu Jayasuriya served as the Chairman of those companies and how they lost their jobs.

According to Sri Lankan Constitution a person who has served in Bankrupt company and who has defaulted EPF payements behalf of employees of his or her tenure in the company cannot contest as Presidential Candidate at a 'Presidential Election'

bakapandithaya

bakapandithaya
Vice President - Equity Analytics
Vice President - Equity Analytics

Thama dinamina balana kenek

marusira


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ලොක්කගේ රන්ගෝලයෙක්

hettdas

hettdas
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

මඩ දෑන්මම පටන් අරන් වගේ

Ernie Tissera


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Extracted from a PACHA PATTARE, Dinamina. Please do not publish these type of Politically motivated false information into this valuable forum.

Octopus

Octopus
Expert
Expert

No need to panic.
MR is as solid as rock.


sampath.anuradha


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Octopus wrote:No need to panic.
MR is as solid as rock.


I agree with u..bez Known devil is better than unknown devil .

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Though I am from a family who supports UNP I never voted due to reason I was not available for the same In Sri Lanka. But as of now my gut feeling is ruling family is ok for next term due to following reasoning.

If we are going to have another set of rulers again there will be building of wealth by them too - Current rulers already done so.

This country cannot be ruled by being too democratic because people will then take these democracy into there hands as monkeys with knives.

Whats or ever the circumstances MR stands as a patriot for protecting our Military who won the War.

MR. was smart in playing International Politics while so much pressure was exerted by west he played China Russia cards very well.

Yet this is my first such post supporting MR and suddenly all these clicked in my mind - but yet I have not made a decision - I welcome your ideas on above...

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

Sim

Sim
Equity Analytic
Equity Analytic

ranferdi wrote:

_________________
Never Trust a Share... Trust Your Game Plan...

thawath game plan ekak wage...
lol! lol! lol!

ranferdi

ranferdi
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Sim wrote:
ranferdi wrote:

_________________
Never Trust a Share... Trust Your Game Plan...

thawath game plan ekak wage...
lol! lol! lol!

Oh No Brother... I am genuine on this.. if you know me personally you will believe,, I swear I have no hidden intentions or hidden interest of this Government or opposition..

http://::::THIS EMAIL DOESNT WORK.. PLEASE CONTACT ME ON FB ACCO

Dhehan

Dhehan
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Ernie Tissera wrote:Extracted from a PACHA PATTARE, Dinamina. Please do not publish these type of Politically motivated false information into this valuable forum.

This is investors forum and do not promote personal politics.

marusira


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ranferdi wrote:
Sim wrote:
ranferdi wrote:

_________________
Never Trust a Share... Trust Your Game Plan...

thawath game plan ekak wage...
lol! lol! lol!

Oh No Brother... I am genuine on this.. if you know me personally you will believe,, I swear I have no hidden intentions or hidden interest of this Government or opposition..

ඔයා නිල්බලල්කායෙද ?

samcader


Manager - Equity Analytics
Manager - Equity Analytics

This is an investors forum please do not entertain political postings.

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

this is not taken from Dinamina or Sunday Observer or Silumina or Daily News...But I know many people who lost jobs working from Korea Ceylon, C.W. Mackie and Ceylon Shipping Corporation when Karu Jayasuriya was heading as Chairman.

People hardly know about his all loss making business since he had a cartel of news makers in country who wrote good about him in newspapers such as The Island.

Once a journalist who worked for Island who wrote truth about Karu was threatened and that article is now deleted online.

But if you go to National Archives and every library of newspaper house in Sri Lanka you may find more about Karu Jayasuriya's Bankruptcy in many ways from 1990's.

Further when he was the 'Colombo Mayor' only good thing done was he brought proper Garbage Collecting trucks around Colombo.

I personally know who went 'Bankrupt' in large heping Karu Jayasuriya. Politics are important because it matters who take decisions on market.

We should not appoint politicians who took 'Bankrupt' decisions to run our economy.

If anybody wants to know more they can private message me on allnews.first@gmail.com

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Most of successful businessman are highly corrupt people

Honest man is more suitable than corrupt efficient leader to lead the country

Serivanija ( DEVA DATTA) is a corrupt efficient trader

Kassaputa ( SIDUHATH KUMARU) is a Honest trader

Our culture always give preference to Kassaputa

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