Cecile’s jewelry to be auctioned

- Feb 26, 2016

Colombo chief magistrate Gihan Pilapitiya yesterday (25) ordered the CID to obtain an evaluation of the value of jewelry owned by Cecile Kotelawala, wife of former Ceylinco Group chairman Lalith Kotelawala.

The jewelry is at present being kept at a safety locker, and an evaluation of the jewelry’s worth is to be obtained from the National Gem and Jewelry Authority for submission to courts. The chief magistrate ordered that the jewelry be auctioned and the money used to compensate the affected depositors.

Cecile is in remand custody in connection with a defrauding of Rs. 4.3 million from depositors of F&G Property Developers of Ceylinco Group. Produced before courts by prison officers yesterday, Pilapitiya ordered that she be further remanded until March 09.