LKCSE Colombo Stock Exchange Close
  • Current Exchange
    Colombo Stock Exchange LKCSE

Market time
Black
White

Send This Page To Friends and Colleagues

You can Enter more than one email separated by (,)
Allowed 100 characters only
23 May, 2012 07:47 AM Source: Lanka Business Online - LBO
Law-Order.jpg

Sri Lanka’s Blue Diamonds Jewellery Worldwide PLC said it has settled a long-running legal case with its former deputy chairman, Daya Senanayake for 12 million rupees.

Senanayake had earlier sought legal redress in 2000, after claiming he was illegally removed from his post as deputy chairman.

“Mr. Senanayake has been appointed ‘Chairman Emeritus’ of Blue Diamonds Jewellery Worldwide PLC by the board of directors of the company,” the firm said in a stock exchange filing on Tuesday.

“This position does not involve any representations on the board of directors of Blue Diamonds nor any financial commitment on the part of Blue Diamonds,” the statement said.

The company has also agreed with Senanayake to dispense with the litigation between both parties which amounted to over two billion rupees. More...

Read Original Article

Add Comment | 0   comment

Readers Comment

Nothing found to display
page number 1

Add Comment

Please login first to comment Click here to login

Stocks in Focus


Features for Registered Users

E-mail Alerts
Daily Newsletter
Your Watchlist
Advanced Tools
and
Many more


Will automatically display the last quotes you have visited here.

All Rights Reserved - DUInvest © 2014

Login

Do You have an Account ? , Click here to create a new account

Your Opinion Matters

What do you think about the new Website?