Royal College denies links with billionaire’s club

Royal College Colombo has denied links with the billionaire’s club which was reportedly raising Rs. 1 billion to upgrade school facilities.

The Royal College Union said that on the 19th of May 2021, a news outlet published an article titled “Royal College’s Billionaire’s Club to raise Rs. 1 billion to upgrade school facilities”.

The Principal, Royal College, Colombo, the Royal College Union and the Royal College Union Trust informed the alumni, students, well wishers and parents of students of Royal College, Colombo, and the public, that the “Royal College Billionaire’s Club” is not an initiative or project sanctioned or initiated by Royal College, Colombo, the Royal College Union or the Royal College Union Trust.

All efforts to identify the source of the aforementioned article and any further information regarding the purported “Royal College Billionaire’s Club” have not been successful.

The Royal College Union said that the Principal, Royal College, the Royal College Union and / or the Royal College Union Trust will not be responsible or liable in any way or manner for monies or any consideration provided to or for any transactions entered into with the aforementioned “Royal College Billionaire’s Club”. (Colombo Gazette)

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