Dispute which triggered listed company director being detained at BIA resolved
A dispute between a wholly owned subsidiary of Lanka Realty Investments PLC, Mulberry Holdings (Pvt) Ltd., and a contractor, Omni Engineering & Trading Solutions, that resulted in Executive Director Hisham Jamaldeen of Lanka Realty being stopped at Katunayake and prevented from leaving on a business visit to the UK has been resolved with Jamaldeen bailed […]
A dispute between Mulberry Holdings (Pvt) Ltd., a wholly owned subsidiary of Lanka Realty Investments PLC, and contractor Omni Engineering & Trading Solutions has been resolved. Executive Director Hisham Jamaldeen of Lanka Realty was detained at Katunayake and prevented from traveling to the UK due to the conflict. The matter was resolved with Jamaldeen granted bail and the travel ban lifted.
Mulberry agreed to pay Omni Rs. 25 million by September 26. Lanka Realty made public filings on September 3 to disclose the dispute and its resolution.
Written by urgent.news from The Island Sri Lanka's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
