The Annual General Meeting of Ceylinco Insurance held today took a heated turn when one of the shareholders of the company attempted to take video footage of parties who objected to the appointment of Directors and thereafter threatened the parties while they were leaving the premises.

 

During the AGM held at Akasa Kade a short-while ago, certain parties had reportedly objected to certain Directors being appointed as they had indictments served on them by the Kandy High Courts.

 

Thereafter, another section of those present attempted to gain clarification from the Directors of the company regarding suspicious transactions that had taken place during  the last financial year.

 

The company which had sold 900,000 shares they held in a company by the name of ' Emerald Wealth Management' had not disclosed the transaction to the shareholders in its annual report.

 

further the shares had been disposed to one ' Udumbara Hydro Energy( Pvt) Limited, of which surprisingly two Directors of Ceylinco Insurance hold shares of, initial reports said.