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Right of Reply: LTL Holdings responds to COPE findings
Daily FT
|November 03, 2025
LTL Holdings Ltd., (LTLH) has issued the following Right of Reply to the Daily FT article titled "COPE uncovers major ownership dilution and audit concerns at LTL Holdings linked to CEB" published on 21 October, citing several inaccuracies.
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LTL Holdings Ltd., and subsidiaries were invited "to be present on 24 October 2025 for the purpose of questioning in respect of the examination of the Ceylon Electricity Board (CEB)." So, they were under the impression that the company would be questioned with regard to CEB related matters. Letter of invitation did not mention any area of questioning or concerns and in fact, we were not aware of the specific questions that were going to be raised. But to our surprise, right from the beginning, questioning was only about affairs of LTLH.
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