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Sri Lanka Equity Forum » Stock Market Talk » Navara Capital Group In Trouble - Harsha N. De Silva to sell all his companies as So Many of His Shady Deals involved

Navara Capital Group In Trouble - Harsha N. De Silva to sell all his companies as So Many of His Shady Deals involved

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MalcolmTurnbull


Equity Analytic
Equity Analytic
Navara Capital Group's Harsha N. De Silva is said to be facing 'Karma' from his former boss Lalith Kotelawala's issues. He is the former Money Broker at Ceylinco Money Brokers who build Navara Capital is said to be in trouble and is selling all his subsidiaries soon to recover his losses.

According to sources Navara Harsha N. De Silva is being investigated by Securities and Exchange Commission on a case where he did over Rs. 7 million Margin Trading with SMB Securities few years ago and where he has withdrawn Rs.1 million without depositing any cash to the account with the Stock Brokers help. Accordingly a Stock Broker attached to SMB Securities owned by Former Ceylinco Group Director Rohan Senanayake will also be investigated how they approved Harsha to withdraw funds when Harsha hadn't deposited money.

Meanwhile it is discussed among Cocktail Circles that Harsha N. De Silva is trying to sell his stake in Alerics Ice-Cream and his his Engineering company because not much of Road Construction Deals and Construction Deals are not coming to him as he has lost his political connections and his connections with Professors such as Ranjith Bandara who has now joined country's largest Steel Manufacturer Melwa group.

Harsha is said to be walking around the companies now looking for investors in his both Stock Brokerage for Rs. 40 Million and Money Brokerage for Rs.10 Million as a total as the company's don't have much clients and since The Financial Markets have been destroyed by Arjuna Aloysius - Arjuna Mahendran Fame.

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