The Galle District Court has issued enjoining orders in favor of a Canadian citizen who appeared in Court in person yesterday (02) regarding the injustice that has taken place over her USD 800,000 investment in Sri Lanka.
The enjoining orders were issued against two commercial banks, Nations Trust Bank PLC, Sampath Bank PLC, a lawyer known as Jothirathna Kadirahettiarachchi, who acted as the power of attorney holder on behalf of the foreigner and against one Thusitha Jayasinghe of Hikkaduwa, the business partner of the Canadian citizen Jeanette Kangas.
District Judge Kusalani A G Punchihewa issued the enjoining order considering the land bought by the Plaintiff Jeanette Kangas for a hotel project being subjected to multiple mortgages and the consideration of irremediable damages that she could suffer from further debt was accrued to the property.
The Order prevents the defendants from selling, mortgaging or alienating the beach front property in Hikkaduwa where the hotel investment Sapphire Seas PVT Limited stands.
Submissions were made by the lawyers of the Plaintiff to the effect that the property should be considered a constructive trust under the Trust Ordinance and the haphazard manner in which the mortgages have been executed.
Attorney-at-Law Venuke Cooray with Wasana Kotagodahetti, instructed by Cooray & Cooray, appeared for the Canadian Citizen Jeanette Kangas.
