Money head of Lanka Sathosa - Asiri Fernando has conceded that the establishment is confronting insolvency in the wake of being not able to pay their suppliers.
Mr. Fernando has made this disclosure yesterday (20) amid a gathering held at the Sathosa home office in York Street, Colombo.
The gathering was held under the sponsorship of Sathosa Chairman Kiran Atapattu.
It is said that under this background, it was chosen to give back where its due put away at the Sathosa Maligawatta disseminating focus, over to the suppliers.
It was additionally chosen at the gathering to research the likelihood of acquiring products from suppliers under the premise of paying inside 90 days.
In the interim, suppliers who are not able to get installment from Sathosa are get ready situated up a group, learns.
Feb 21, 2015
Authority Concedes Sathosa is Bankrupt
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