The Court of Appeal Thursday issued notice against the securities watchdog to stop it from prosecuting three former Aitken Spence Directors.
Former SEC Chairman/Director Aitken Spence, Michael Mack and fellow Director Norman Gunawardene filed separate writs asking the court to squash the SECs decision to prosecute them.
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rnThe petitioners cited the SEC and its Commission members Central Banks Deputy Governor P M Nagahawatte, Deputy Secretary to the Treasury Faiz Mohideen, D K Hettiarachchi, Asite Talwatte, Dr. Nihal Jinasena, Cubby Wijetunga, Hemaka Amarasuriya, and G C B Wijesinghe as respondents.
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rnSudath Perera Associates represented the petitioners.rn
rnThe Court of Appeal asked respondents to appear in court of February 19.rn