Thu, 09 September 2010  11:45:56
Relief Appeal 1 Comment(s)
28 Jul, 2010 21:28:52
Sri Lanka depositors to petition UN human rights council
July 28, 2010 (LBO) - Depositors of a failed Sri Lankan finance company desperate to get their money back want to petition the United Nations human rights council saying their fundamental rights have been violated, a spokeswoman said.
Only a few depositors had benefitted from a government repayment scheme for those who had money in the Golden Key Credit Card Company, part of the Ceylinco goup, the spokeswoman for the Ceylinco depositors association said.

"We will send a petition to the Geneva human rights council in three weeks after getting the signatures of all depositors," she told our sister news website Vimasuma.com.

She said depositors had filed action in local courts saying their fundamental rights had been violated after they lost their deposits when the Golden key Credit Card Company collapsed.

The case has been postponed repeatedly with the next hearing scheduled for August 6.

"We hope it will not be postponed again,"' the spokeswoman said, adding that they had also appealed to president Mahinda Rajapaksa to intervene on behalf of the 38,000 depositors of the failed firm.

The central bank said earlier this week that 772.93 million rupees had been paid to 7,838 deposit holders of the Golden Key Credit Card Company in the first phase of a repayment scheme.

It said that company assets and those of related firms were to be sold to raise more funds to make more repayments.

But the spokeswoman for depositors said the 772.93 million rupees repaid to depositors was insufficient considering that Golden Key had about 26 billion rupees in deposits.

She said the maximum repayment had been 100,000 rupees per depositor and only small-time depositors had been given relief, not the majority who have deposited millions of rupees.

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READER COMMENT(S)
1. Keerthi S Aug 10
United Nations Human Rights Council is not a business oriented forum for greedy people who deposit their monies with dangerous high interest earning instruements, burn their fingers and claim their human rights have been violated. Today Golden Key Depositors will and tomorrow Sakvithi Depositors will run to UN. UN has no mandate to interfere in internal affairs of another country's internal affairs. If that is the case by now UN would have drowned with hundreds of thousands of people who lost their monies in failed banks and insurance companies in USA