Saturday, March 21, 2009

Ceylinco Deputy Chairman gone hiding?

According to the latest information coming from Ceylinco House, the Deputy Chairman of the Ceylinco Educational and Financial Services Group, K.A.S. Jayatissa had suddenly gone missing since Thursday the 19th of March. Daily FT learns.

A senior official from Ceylinco Consolidated told Daily FT that “Mr. K.A.S. Jayatissa has disappeared ever since Criminal Investigations Department has stepped into investigate The Finance Company PLC files and he is hiding due to pressure from customers of Ceylinco Sussex School.”

According to our sources that Ceylinco Sussex was also involved in accepting deposits from the public. Ceylinco Sussex College Network is managed by Ceylinco Sussex Educational Services Ltd a subsidiary of Ceylinco Consolidated in which Mr. K.A.S. Jayatissa is functioning as the Deputy Chairman. Ceylinco Sussex College Network comprise more than 300 companies engaged in Banking, Financing, Property Development, Health Care, Higher Education, Tourism, IT Services, Manufacturing, Rural Development, Diamond Trade, Social Services, Sports as per their corporate website.

A Chartered Accountant and a Chartered Secretary by profession with a Bachelor in Science Management Special Honours Degree from the University of Sri Jayawardenapura Sri Lanka, K.A.S. Jayatissa had joined the Ceylinco Consolidated in 1990 and has contributed immensely to the group in Taxation and Finance related issues. Up to now he was heading a multidisciplinary team, which is specialized in taxation, financial consultancy, secretarial, human resources and fund management under Ceylinco Consolidated. Mr. K.A.S. Jayatissa is the Deputy Chairman of Ceylinco Profit Sharing Investment Corporation Limited, Ceylinco Takaful Limited, Ceylinco Sussex College Network and was the Finance Director of F&G Group, Ceylinco Seylan Properties Limited, The Finace Limited according to available sources.
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