Apr 01, 2019

Case filed against Richard Pieris Chairman Featured

A case has been filed against the Chairman of Richard Pieris Group Of Companies Sena Yaddehige by the Sri Lanka Securities and Exchange Commission at the Colombo Magistrate’s Court.

The case has been filed in relation to the announced share value of Rs. 45.00 profit on July 10, 2015 by an affiliated company Kegalle Plantations.

The Sri Lanka Securities and Exchange Commission states that on a date prior to the announcement of the share profits of the said company, Dr. Yaddehige had purchased shares of Kegalle Plantations.

This falls under the category of insider trading.

Charges have also been filed against another person named Subramanian Thinamani as well for aiding and abating Yaddehige.