No Internal Investigations of two former Jt. COOs – Asia Capital PLC Director confirms

Asia Capital says two Directors resigned on their own, denies investigation claims

In reply to recent media reports that claimed two Joint Chief Operating Officers Reyhan Morris & Sandun Hettige of Asia Capital PLC Director confirmed that there is no internal investigation carried out on the conduct or action of the two individuals during their tenure at Asia Capital group.

“The two officials have submitted the resignation letters on their own and there is no internal investigation being carried out as quoted in media reports” Raju Radha – Director representing Asia Capital PLC said.

He further said that resignation letters of  two individuals Reyhan Morris and Sandun Hettige has been received and that company is looking forward to phase out and explore new business avenues to create more value and reposition the Asia Capital as the leading investment banker in Sri Lanka.

“Along with Asia Capital’s dedicated team of professionals we will work towards achieving our Vision and Mission, by successfully operationalizing our strategies. Our team is what binds our business together to create value for all stakeholders. We will also venture into new avenues that I have expertise and experience to increase our portfolio” Raju Radha, who is also a shipping industry veteran said. He also highlighted that Asia Capital is also looking at other investment opportunities to position the company as major group into various business sectors.

Asia Capital PLC started as a securities trading company in the early 1990s, specializing in stock

brokering, and later expanded its business portfolio to encompass the larger share of the investment

banking market in Sri Lanka.

As Asia Capital PLC (ACAP), the company ventured into diverse industries and sectors to fulfil the vision

and become a powerhouse providing value-added investment opportunities and unmatched wealth

creation services. Currently, operations consist of leisure, project management, investment banking, and

advisory services. Asia Capital also has a presence in property management, real estate, asset management and information technology services.