Have lost faith and interest spending time here but regarding this post / Mr Meththananda have not. Bad things often happen to people like him. So very sad. My life experiences too relate to this. So I ventured to find out more about his situation .
2 topics :
1) New info found on his situation
2) Further Information I need
~~~~~~~~~~
Info on his present situation : 1) He was doing very good business with this destroyed machine and has won many awards including the best entrepreneur in his region.
Machine was worth about Rs 100 Laks.
He has taken a Loan from a Private bank to buy the Machine.
Now he is unable to pay the balance monthly installments.
Bank is not reorganizing the loan giving him more time to pay.
No installment or interest payment relief given.
Simply the dirty Bank brutally wants their money.
(Hey what about the Billions of Rs KAPI owes ? All this fuss is over Rs 100 laks and that too was partly paid. That how the system works in SL)
They are now trying to auction off his private assets to recover money.
2) Reg Insurance
He apparently has taken 3 Insurance policies.
a) One for the Building ( which doesn't cover the machine)
b) One he missed payment, so its inactive.
c) Third , he insured his Workers. But the Insurance company instead of insuring against "Worker Designations" has insured with worker names.
( This is totally uncalled for. A worker can quit but the designation remains. Was this deliberate ? )
This particular worker who was injured , not amazingly wasn't included by the insurance company in the policy name list.
So summary : no insurance payment for the worker.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
We in general often talk about bull crap showing that we care about a just society, a nicer country , fairness , saving forests , honesty etc etc . But when a specific
incident comes , where are the people and humane qualities left in this brutal country from Businesses to Ordinary citizens ?
Need to find out
a) the name of the bank who is trying to auction off his assets
b) is there a legal claim/ loophole from his side with the Insurance company to get them to pay ( Policy c) or it is dead cause to fight against them ?
( Did the Insurance Co deliberately mess up the worker insurance to not pay,
or does he not think there is a legal base for him to fight with them ?)
~~~~~~~~~~~~~~~~~~~~~
Public Money collection :
Kithsiri,
If you need a Paypal account for GoFundme I maybe able to arrange one.
(You may have forgotten this ) but you also have an option can ask your Kid to
get a temporary Paypal account
But I see several issues with this
a) Gofundme keeps a cut. Money collected will be lesser than projected.
b) $ to Rs conversions + other fees will eat more of the collected money
c) There can be tax issues
d) GoFundme scrutinizes foreign charity collections more
( after you create a fund, they don't release easily without proof )
Think it maybe be better to find a local solution.
» CCS.N0000 ( Ceylon Cold Stores)
» Sri Lanka plans to allow tourists from August, no mandatory quarantine
» When Will It Be Safe To Invest In The Stock Market Again?
» Dividend Announcements
» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්රතික්ෂේප කළ ගණිතඥයා
» SEYB.N0000 (Seylan Bank PLC)
» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
» The Korean Way !
» In the Meantime Within Our Shores!
» What is Known as Dementia?
» SRI LANKA TELECOM PLC (SLTL.N0000)
» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
» Equinox ( වසන්ත විෂුවය ) !
» COMB.N0000 (Commercial Bank of Ceylon PLC)
» REXP.N0000 (Richard Pieris Exports PLC)
» RICH.N0000 (Richard Pieris and Company PLC)
» Do You Have Computer Vision Syndrome?
» LAXAPANA BATTERIES PLC (LITE.N0000)
» What a Bank Run ?
» 104 Technical trading experiments by HUNTER
» GLAS.N0000 (Piramal Glass Ceylon PLC)
» Cboe Volatility Index
» AHPL.N0000
» TJL.N0000 (Tee Jey Lanka PLC.)
» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
» Bitcoin and Cryptocurrency
» CSD.N0000 (Seylan Developments PLC)
» PLC.N0000 (People's Leasing and Finance PLC)
» Bakery Products ?
» NTB.N0000 (Nations Trust Bank PLC)
» Going South
» When Seagulls Follow the Trawler
» Re-activating
» අපි තමයි හොඳටම කරේ !
» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
» SAMP.N0000 (Sampath Bank PLC)
» APLA.N0000 (ACL Plastics PLC)
» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
» Banks, Finance & Insurance Sector Chart
» VPEL.N0000 (Vallibel Power Erathna PLC)
» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
» WATA - Watawala
» KFP.N0000(Keels Food Products PLC)
» Capital Trust Broker in difficulty?
» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
» What Industry Would You Choose to Focus?
» Should I Stick Around, or Should I Follow Others' Lead?