Dilith Jayaweera Summoned To FCID

Dilith Jayaweera Summoned To FCID

Thursday, 14 May 2015 13:16

Police Financial Crimes Investigations Division summoned businessman Dilith Jayaweera to record a statement on alleged fraud at the Colombo Stock Exchange.

Jayaweera is a prominent figure in the country’s advertising industry. He holds several positions in the corporate sector including the Chairmanship of George Steuart Group.

Thanks for sharing. Must follow this up with timely up-dates.

Thanks for sharing. Derana ppl are scared to discuss about their Boss. I just asked and they said they'll call back and cut the line

Thanks Back for sharing

DJ should be ok. He is posting things on fb (not sure whether someone else is doing but i doubt).

A bad blow for REEF group

As I hold a few thousand shares of one of related companies ( on speculation) I should not be saying the below for my own good.

But I have to say this. If he did wrong he should be punished .I remember the PMB deal itself ) apart from other issues) That was itself totally fishy to me. Does anyone remember the game with PMB?

slstock wrote:As I hold a few thousand shares of one of related companies ( on speculation) I should not be saying the below for my own good.

But I have to say this.  If he did wrong he should be punished .I remember the PMB deal itself ) apart from other issues)  That was itself totally fishy to me.  Does anyone remember the game with PMB?

 

It is a classic example of pump and dump,if my memory is correct he did it through Image wise, one of his company.

pathfinder wrote:

slstock wrote:As I hold a few thousand shares of one of related companies ( on speculation) I should not be saying the below for my own good.

But I have to say this.  If he did wrong he should be punished .I remember the PMB deal itself ) apart from other issues)  That was itself totally fishy to me.  Does anyone remember the game with PMB?

 

It is a classic example of pump and dump,if my memory is correct he did it through Image wise, one of his company.

Was it the one after he sold within few days he said, he didnt find the synergy he thot was there?

slstock wrote:As I hold a few thousand shares of one of related companies ( on speculation) I should not be saying the below for my own good.

But I have to say this.  If he did wrong he should be punished .I remember the PMB deal itself ) apart from other issues)  That was itself totally fishy to me.  Does anyone remember the game with PMB?

He has got the title of 'Market Manipulater', one get that title after series of manipulation, not just one.

He and few others should be behind bars, along with few others, at least for couple of years, that will restore the market confidence in investors..

slstock wrote:As I hold a few thousand shares of one of related companies ( on speculation) I should not be saying the below for my own good.

But I have to say this.  If he did wrong he should be punished .I remember the PMB deal itself ) apart from other issues)  That was itself totally fishy to me.  Does anyone remember the game with PMB?

Those people acted like CSE is their village play ground those days. DJ parties bought a stake in PMB and pumped it high, then at the peak they disposed it to market. Their explanation was" We bought that stake in view of certain synergies with our existing business, but later we found that with other shareholders these things would not materialize, so we sold it down" A nice explanation eh!!!

However he stated that for HVA it was a margin call and he had to sell it down to shit.

But for REEF group still have some vialble things with 2 hotels and CLND stake. This will not vanish in the air like PCH, but REEF.W19 is almost dead now.