Court Order

Sri Lankan Prime Minister Ranil Wickremasinghe (2nd R) arrives to visit the site of a bomb attack at St. Anthony's Shrine in Kochchikade in Colombo on April 21, 2019. - A string of blasts ripped through high-end hotels and churches holding Easter services in Sri Lanka on April 21, killing at least 156 people, including 35 foreigners. (Photo by ISHARA S. KODIKARA / AFP / Getty Images)

June 05, 2014 (LBO) – Sri Lanka’s courts have ordered the liquidation of Touchwood, a controversial forestry investment company, but a appeal of the decision is planned, a media report said. Meanwhile recent media reports said trees in some forestry plantations and some investors were attempting to prevent it.

Adaderanabiz.lk, a Colombo based business news portal quoted Touchwood chief executive Lanka Kewlegedera as saying that they firm planned to appeal the liquidation order.

Court has ordered a liquidator to be appointed by July 14, he was quoted as saying.

Touchwood ran a forestry investment scheme where investors were promised high returns from mahogany and other plantations.

Several investors however went to court asking it to be liquidated.