Controversial businessman Lalith Kotelawala passed away

21 Oct, 2023

Controversial businessman Lalith Kotelawala, who was accused over?the?misappropriation of 26 billion rupees of investments from the failed Golden Key Credit Company, passed away today.

The former Chairman of Ceylinco Consolidated and the founding Chairman of Seylan Bank, Deshamanya Deshabandu Jeewaka Lalith Bhupendra Kotelawala was 84-years-old at the time of his death.

He passed away while receiving treatment at a private hospital in Colombo.

Taking over?Ceylinco Consolidated from his father in the 1960s, Kotelawala expanded the group into new fields including banking, non-banking finance, investment banking, housing and property development, travel and leisure, communication and information technology, education and healthcare and microfinance.

He also founded a peace initiative in Sri Lanka, three years after being wounded in an?LTTE attack in 1996. (Colombo Gazette)

Recommended For You

HRCSL establishes unit to probe human rights violations during polls

The Human Rights Commission of Sri Lanka (HRCSL) has established a unit to investigate allegations of Human Rights violations by Government officials in the context of the 2019 Presidential Election. HRCSL said the complaints can be lodged via the 24-hour hotline, 1996. If the complaint is lodged in writing it can be sent to the following address; Unit Head Election Complaints Unit Human Rights commission of Sri Lanka No. 14, R. A. de Mel Mawatha, Colombo 04. Or by fax 011- 2505574 or ema

24 Oct, 2019

US court dismisses case on GR by Lasantha’s daughter

The California District Court in the US has? dismissed a case filed by Ahimsa Wickramatunga, daughter of slain journalist Lasantha Wickremetunga against former Defence Secretary Gotabaya Rajapaksa. Rajapaksa was linked to the murder of Wickremetunga, the former Editor of The Sunday Leader newspaper. The Court held that it lacks the jurisdiction to consider Wickrematunge?s claims, because, in the court?s view, Rajapaksa is entitled to common law foreign official immunity for the acts that are a

22 Oct, 2019

Anura Kumara will not support withdrawal of military from North

National People’s Movement (NPM) Presidential candidate Anura Kumara Dissanayake will not support calls to withdraw the military from the North. Janatha Vimukthi Peramuna (JVP) Parliamentarian Vijitha Herath said that the military is tasked with ensuring national security. He said that the military maintains camps in all parts of the country and not just the North. As a result, he say the NPM will not support calls to withdraw the military from the North. Vijitha Herath also said that the NM

21 Oct, 2019

Colombo Gazette is a leading news and entertainment website, covering stories related to Sri Lanka. The content consists of text based news, photos and videos and is linked to social media websites including Facebook, Twitter and Instagram, to provide a wider coverage for its stories.