Colombo, Sri Lanka – 04 September 2026 – Lanka Realty Investments PLC (CSE: LREI) today announced a significant development concerning a widely reported incident involving its Executive Director, Mr. Mohamed Hisham Jamaldeen. The company, through an official filing with the Colombo Stock Exchange (CSE) on 3rd September 2026, clarified that the dispute with a contractor, previously referenced in media reports titled “Muzammil’s son arrested at the Airport,” has been successfully settled.
Resolution of Contractor Dispute
According to the announcement, the dispute was resolved between Mulberry Holdings (Pvt) Ltd, a wholly-owned subsidiary of Lanka Realty Investments PLC, and Mr. Randika of M/s Omni Engineering & Trading Solutions. The parties reached an agreement for a full and final settlement amount of LKR 25,000,000.00. This payment is scheduled to be made on or before 21st September 2026.
Mohamed Hisham Jamaldeen Released, Travel Ban Revoked
The immediate consequence of this settlement is the release on bail of Mr. Mohamed Hisham Jamaldeen. Mr. Jamaldeen serves as an Executive Director of Lanka Realty Investments PLC and also holds a Directorship at Mulberry Holdings (Pvt) Ltd. Furthermore, the Magistrate’s Court of Maligakanda today officially revoked the travel ban that had been imposed on him.
Company Clarification
The clarification, issued by P W Corporate Secretarial (Pvt) Ltd on behalf of Lanka Realty Investments PLC, reinforces the company’s commitment to transparency and adherence to regulatory requirements. This update provides investors and the public with a definitive resolution to the matter that had garnered considerable media attention.
Lanka Realty Investments PLC continues its operations, focusing on its core real estate and investment activities in Sri Lanka, with this legal matter now put to rest.
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