Touchwood in hide-and-seek drama

Touchwood Investments management went missing when the liquidator visited its premises at Battaramulla on Friday.

The liquidator Sudath Kumar speaking with the Business Times while visiting the office said there was no responsible person present nor were there any records of assets available at the company’s office.

He was informed that Lanka Kiwlegedera, Chairman and CEO of Touchwood Investments, would not be returning to his office at the time he visited.

In this regard, Mr. Kumar noted that he would be writing to the Securities and Exchange Commission (SEC) tomorrow mentioning the latest developments.

This would be carried out in a bid to ensure that the regulator would be able to support the liquidator in his efforts to assist the investors.

Mr. Kumar said that a number of public shareholders and investors were very keen on the new developments and had contacted him with some even providing copies of the deeds in a bid to register their claims.

The liquidator noted that the public needs to be informed that they could submit their claims with them if they should contact him. On Friday, the liquidator published newspaper ads alerting the public on the liquidation process.

Mr. Kumar was appointed liquidator following the Commercial High Court order issued on June 5 to wind up Touchwood Investments PLC.