Hon. (Dr.) Anil Jayantha
Hon. (Dr.) Anil Jayantha stated that the matters raised by the Member would be examined to determine any further action. He said the Rs. 950 million mobilization and subsequent permissions were undertaken within the legal and regulatory framework then in force, including in the context of requests to revive the entity after a licence cancellation notice. He added that further fund-raising was not permitted after licence cancellation and that, during liquidation, employee and depositor payments were made according to preferential payment orders.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Thank you, Hon. Speaker.
¶ 02 Hon. Member, we will study the matters you raised to see what further actions are warranted. Regarding the Rs. 950 million mobilization, those actions occurred within the then prevailing legal and regulatory framework. Although a notice of licence cancellation was issued, requests came in to revive the entity; permissions granted were within that context. However, post-licence cancellation, within the four-year period, further fund-raising was not allowed and was halted. In the liquidation process, payments to employees occurred under preferential payment orders; overall, relative to the total, that is a smaller share, and payments to depositors were also made pursuant to those orders. We will consider the points you have raised.
Provenance
- Source
- Hansard, Tuesday, 5 May 2026 ·No. 23546 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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/lk/speeches/19700
Cite as: Hon. (Dr.) Anil Jayantha. 10th Parliament, Parliament of Sri Lanka. Hansard, 5 May 2026. No. 23546. Politick, https://staging.politick.io/lk/speeches/19700