The Board of Directors of DSI Samson Group is embroiled in an intensified conflict, it is learnt.
The company, which is one of the largest private companies in the country, has about 30 subsidiaries. The conflicts had begun following a proposal made by a former managing director to evenly distribute the shares of the company among the family members.
The former managing director has submitted the proposal to the Board of Directors in the first week of April this year.
It was reported that some of the most profitable subsidiaries of this company are being operated by the sons of this managing director.
DSI Samson Group Managing Director Kasun Rajapaka and the other Directors including Thusitha Rajapaksa, Asanka Rajapaksa, Rohan Somawansa, Bhathiya Amarakone and Nelani Rajapaksa have been accused of being behind this conflict.
It was also reported that the actions of Varuni De Silva, the company secretary, have further aggravated this conflict.
Even though the company secretary should act impartially, it was said that Varuni is being biased.
Meanwhile, one of the Directors, Sajith Rajapaksa, was remanded in custody in connection with a shooting incident. It was revealed in the court that the other directors had allegedly conspired to remove him from the positions he held in the board.
The board of directors has removed Sajith from the position of managing director of three companies of DSI Samson group and from the position of director of other five companies. After he presented facts in the court, the court issued an order to reinstate him.
However, it was reported that Managing Directors Kasun Rajapaksa and Thusita Rajapaksa and the board of directors have been sued in several courts over these conflicts.
