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Sri Lanka Equity Forum » Stock Market Talk » KAPI - Investigations about loans

KAPI - Investigations about loans

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1 KAPI - Investigations about loans on Sun Aug 12, 2018 6:50 pm

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics
https://www.newsfirst.lk/2018/08/02/peoples-bank-grants-10bn-loan-for-board-member/amp/

https://www.newsfirst.lk/2018/08/12/kabir-calls-for-an-inquiry-into-10bn-loan/

Video 

https://www.newsfirst.lk/2018/08/11/politicos-the-infamous-peoples-bank-loan-of-10-bn/

former c.bank member raising allegations about KAPI borrowings from people's bank. Also he raised the issue that KAPI had borrowed sometimes 4 times the value of mortgages. 

1.) public allegation and investigation into KAPI is not good for the share price as investors loose confidence

2.) If investigated, what will happen to the big loans granted ? 

3.) if KAPI easily borrowed from people's bank currently, in the future it will be difficult to get loans due to ongoing investigation.

4.) if it's true that KAPI borrowed 4 times the mortgage value then borrowing ratios are worse for financial reports. 


Watch for the above points closely 



Maharaja.

2 Re: KAPI - Investigations about loans on Sun Aug 12, 2018 9:50 pm

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics
2.) If investigated, what will happen to the big loans granted ? 




" Responding to a journalist, Min. Kabir Hashim said if a loan has been given in a corrupt manner, the officials must be held responsible. He further stated that action must be taken to recover the money and the country should not suffer losses. He went on noting that therefore there should be a proper inquiry done and legal action should be taken."




Maharaja

3 Re: KAPI - Investigations about loans on Mon Aug 13, 2018 12:51 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Jehan P Ameratunga serves as the Chairman of PEOPLES INSURANCE(PINS) as well. Ever since the resignation of Mr. DP Kumarage as CEO from Peoples Insurance and appointment of Mr. Deepal Abeysekera as the new CEO, PROFITS @ PINS HAS BEEN DECLINING.

4 Re: KAPI - Investigations about loans on Mon Aug 13, 2018 12:55 pm

samaritan


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Maharaja wrote:2.) If investigated, what will happen to the big loans granted ? 




" Responding to a journalist, Min. Kabir Hashim said if a loan has been given in a corrupt manner, the officials must be held responsible. He further stated that action must be taken to recover the money and the country should not suffer losses. He went on noting that therefore there should be a proper inquiry done and legal action should be taken."




Maharaja
KETTLE CALLING FOR ACTION AGAINST THE POT. Ha Ha Haa!!!

5 Re: KAPI - Investigations about loans on Mon Aug 13, 2018 9:29 pm

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics
This was a great share once upon a time. 

Worst time for a investigation with terrible market condition.


Maharaja

6 Re: KAPI - Investigations about loans on Thu Aug 16, 2018 12:13 am

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics
Sirasa news is promoting this big investigation.
Even today they showed in news.

Pls stay away from this share. 


Maharaja

7 Re: KAPI - Investigations about loans on Thu Aug 16, 2018 10:33 am

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics

8 Re: KAPI - Investigations about loans on Tue Aug 21, 2018 9:50 am

Maharaja


Manager - Equity Analytics
Manager - Equity Analytics
http://www.ceylontoday.lk/site-api/uploads/e_paper/19-08-2018-ft.pdf


Directors resigning is not a good sign


Maharaja

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