Minister Ravi Karunanayke addressing the depositers with CBSL Governor Arjuna Mahendran

The Golden Key depositors state that they will withdraw court cases filed against the company only if the Central Bank or the Monetary Board agree in court that their monies are paid.

Head of the Golden Key Depositors Association, Dushyanthi Hapugoda made this observation in response to Finance Minister Ravi Karunanayake’s promise to repay the amount in full if they withdrew all cases against Golden Key.

The Minister had made this pledge during a recent meeting with the depositors, which also saw the participation of Central Bank Governor, Arjuna Mahendran. Finance Ministry officials stated that the request to withdraw the cases against the company was made since the Central Bank will be taking over Golden Key and that it was a respondent in all the cases.

Hapugoda stated that the issue had been in courts for seven years adding that 26 billion had to be paid to 9127 depositors. “However, Rs 1.7 billion has been paid so far,” she added.  During the tenure of the previous Government, the then Central Bank Governor Ajith Nivard Cabraal had promised to pay 41% from deposits by March 2013.

“Minister Ravi Karunanayake said to withdraw the court cases, but we would do so if they give an assurance in court that they would pay us,” she said.