Court Order

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.
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Meanwhile recent media reports said trees in some forestry plantations and some investors were attempting to prevent it.


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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.

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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.

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