Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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Hingurana sugar factory audit findings
A national audit reportedly identified irregular dealings at the Hingurana sugar factory, a public-private partnership involving the Sri Lankan government, Brown and Company, and LOLC Holdings. The reported issues included loans from LOLC-associated companies at relatively high interest rates.
Employees' Provident Fund share-purchase scrutiny
A KPMG forensic audit reportedly found that the Employees' Provident Fund purchased Brown and Company shares worth LKR 737 million without approval from its investment committee. The report also described unsigned transaction documentation and a reported loss of LKR 1.1 billion.