W.M. Mendis & Co. Ltd - License cancelled

Cabinet has decided to cancel licence issued to W.M. Mendis & Co. Ltd.

This decision was taken on the advice of the President. W.M. Mendis & Co. Ltd is owned by Arjun Aloysius of the Perpetual Group.

W.M. Mendis & Co. Ltd. were recently given the approval to commence operation under strict conditions.