Asia Capital says no internal investigations on two former Jt. COOs

Asia Capital Plc was responding to recent media reports that claimed the two were under internal probe following resignations.

“The two officials have submitted the resignation letters by themselves and there is no internal investigation being carried out as quoted in media reports,” Asia Capital Plc Director Raju Radha said in a statement.

He further said that resignation letters of the two have been received and that the company is looking forward to phase out and explore new business avenues to create more value and reposition 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 operationalising 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,” said Radha, who is also a shipping industry veteran.

He also highlighted that Asia Capital is also looking at other investment opportunities to position the company as a 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.