The Committee of Chartered Accountants has now completed the Phase 1 of the repayment of the security deposit of the Golden Key Credit Card Company Limited.

Accordingly, all eligible security deposit holders have been paid on the basis of either 75 % of the security deposit balances as at 31.12.2008 or Rs. 100,000 whichever is lower after verification by the auditors. As at 14.07.2010, a sum of Rs. 772.93 million has been paid to 7,838 security deposit holders.

The Committee has also sent letters to security deposit holders who have not provided details relating to their security deposits requesting them to submit those details to the Chief Operating Officer, Secretariat to the Committee of Chartered Accountants, Central Bank of Sri Lanka, Tower 1, Level 7, No.30, Janadhipathi Mawatha, Colombo 1 without further delay.

The Committee with the approval of the Supreme Court has already advertised to dispose of certain assets belonging to the Golden Key Credit Card Company Ltd. and related companies after obtaining the valuation of such assets from the Chief Government Valuer.