Efforts to oust DSI MD Sajith Rajapaksa thwarted despite past prison stint for shooting incident
Colombo Commercial High Court Judge K. Priyantha Fernando on December 4 ordered all involved parties in the case filed by DSI Tyre’s Managing Director, Sajith Rajapaksa, seeking court intervention against attempts to remove him from that post and seven companies, to submit written submissions by December 11.
Navin Marapana PC, representing Sajith Rajapaksa, informed the Court that funds from DSI Tyre, Mount Spring Water, and Samson Engineers—where Rajapaksa holds the Managing Director role—were rapidly depleting. These funds were allegedly transferred to a company operating from Dubai, under the management of Kasun Rajapaksa, the Managing Director of DSI Group of Companies.
Navin Marapana PC requested 30 minutes to elaborate on the manner in which funds were depleted from these companies.
Highlighting Sajith Rajapaksa’s leadership and contribution, records revealed substantial annual profits by Samson Rubber Products and DSI Tyre, led by Sajith Rajapaksa, over the past five years. Both Sajith Rajapaksa and Director Kavinda Rajapaksa amassed Rs 557 million in annual profits for the Group of Companies through exports to more than 75 countries.
Sajith Rajapaksa, currently out on bail after a remand custody period related to a shooting incident at his residence amid a family business dispute, faced a plot to remove him from DSI Tyre. The scheme purportedly involved DSI Group of Companies’ Managing Director Kasun Rajapaksa and other directors; namely, Thusitha Rajapaksa, Asanka Rajapaksa, Dilshan Rajapaksa, Rukshila Gooneratne, Chandula Rajapaksa, Randika Rajapaksa, Nelani Rajapaksa, and Duminga Rajapaksa
