Connect with us

BIZ

Onmax bosses hold Rs.800mn in accounts: CID informs court!

Published

on

Funds worth over Rs.800 million have been deposited in the accounts of the Board of Directors of Onmax DT (PVT) LTD which has been designated as a pyramid scheme, the Criminal Investigation Department (CID) informed the Colombo Chief Magistrate’s Court yesterday (12).

The CID informed the court that this was revealed during an investigation conducted in relation to a written complaint made by the Director of the Financial Intelligence Unit of the Central Bank of Sri Lanka (CBSL).

Rs.550 million in Sampath Sandaruwan’s account

The directors were identified as Kahandawa Arachchilage Athula Indika Sampath (Rs.29,567,044), Sinhala Pedige Gayashan Abeyratne (Rs.1,970,804), Lenduwage Sampath Sandaruwan (Rs.558,941,657), Galabada Vidhana Arachchilage Saranga Randika Jayatissa (Rs.182,563,641) and Mallawa Appuhamilage Dhananjaya Jayan (Rs.111,574,964).

However, the CID informed that there is no significant cash balance in the account of the company and informed the court that further investigations will be conducted.

BIZ

Laugfs gas prices also to remain unchanged

Published

on

By

Laugfs Gas PLC announced that the company will not revise domestic LP gas prices for the month of November 2024.

Accordingly, the current prices of Laugfs domestic LP gas cylinders are as follows :
12.5 kg cylinder – Rs. 3,680
05 kg cylinder – Rs. 1,477

Earlier today (Nov. 04)  Litro Gas also said that domestic LP gas prices will remain unchanged for this month.

Continue Reading

BIZ

Litro gas prices for November remain unchanged

Published

on

By

The Litro Gas Company has stated that prices of their domestic LP Gas cylinders will remain unchanged for the month of November 2024.

The Chairman of the Litro Gas Company, Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

Continue Reading

BIZ

Dr. Mothilal de Silva appointed new chairman of SLT

Published

on

By

Dr. Mothilal de Silva has been appointed as an Independent, non-Executive Director and Chairman of the Board of Sri Lanka Telecom PLC with effect from today (Nov. 04).

With a career spanning over many decades, Dr Mothilal de Silva is a result oriented multidisciplinary C-level executive in the telecommunication industry having experience in Sri Lanka and multiple countries in Asia and Pacific regions. He is a turnaround specialist and a strategist.

Under his leadership as Group Chief Executive Officer, he turned around the Fiji’s state-owned telecommunication company Telecom Fiji Ltd sustainably after 5+ consecutive loss-making years. During his tenure at Telecom Fiji, the company registered consistent growth in profit, dividend and investment for network modernisation. He was also the Group Chief Strategy Officer and Group Chief Corporate Officer of Dialog Axiata, General Manager (Sales, Marketing and Customer Service) of MTN Networks Pvt Ltd and Vice President Process Excellence and Group Operations of Axiata Group Malaysia. He sat on the Board of Directors of Lanka Communication Services Pvt Ltd, a telecommunication service provider for enterprises in Sri Lanka.

As a C-level executive at Dialog, Mothilal set up Corporate Planning, Strategy, MIS, Business Intelligence, Performance Management, Quality, Process Reengineering, Enterprise Program Management and Corporate Development divisions from scratch while apprenticing young set of managers who had progressed to become leaders in Dialog and Axiata Group subsidiary companies. He was also instrumental in winning GSMA awards, International Asia Pacific Quality Award, Asia CSR award for Dialog Axiata and many national awards.

Mothilal obtained Doctor of Business Administration from PPA Business School, Paris, with a distinction for his dissertation “Corporate Venture Capital as an engagement model for co-creating 5G ready services”. He has a MSc in IT from Keele University UK, MBA from PIM, SL, BSc (Engineering) SL, Post Graduate Diploma in Strategic Management from Maastricht School of Management, Netherland and a Post Graduate Diploma in Marketing Management from PIM SL.

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved