This has come to light when a motion filed on July 06 in the Supreme Court by Upali Rajapakse, a director of the company, was taken up for hearing yesterday (27).

The motion, seeking Dassanayake’s appointment to the director board, was put off, as one member of the three-judge panel was on leave.

Senior officials of the Department question the appointment of their commissioner general to a company, in which certain persons have invested money they had allegedly earned through inappropriate means.

On May 22 last year, the SC appointed four members of the depositors associations to the director board of Kotelawala’s Finance & Guarantee Real Estate and Finance & Guarantee Property Developers (Pvt.) Ltd., in order for the reimbursement of money of all the depositors.

They are C. Caldera, Mahinda Wijesuriya, Upali Rajapakse and Ashley Wilathgamuwa.

The SC judges panel comprising Priyasad Depp, Upali Abeyratne and Anil Gunaratne concluded hearing of that particular case by appointing the four at the request of the lawyers for the depositors.

The SC permitted the new directors to maintain bank accounts, and also appointed them as directors of Ceylinco Fingara Town & Country Club, Fingara International Cricket Academy (Pvt.) Ltd., F&G Management Services (Pvt.) Ltd. and F&G Housing (Pvt.) Ltd.

The Upali Rajapakse-led directors failed to give any relief to the depositors, who had deposited more than Rs. seven billion, and the institution is on the way to collapse.

Also producer of the film ‘Gamani’, Upali Rajapakse is said to be the local agent for the Norochcholai power plant as well.