Sanasa Bank disassociates with scam claims

From left: SDB Marketing and Co-op Dev. AGM Sameera Liyanage, SDB Bank Finance AGM Terrance Kumara, SDB Bank CEO/GM Nimal Hapuarachchi, SDB Bank Acting Chairman Lakshman Abeysekara and SDB Bank COO Kumar Mayadunne
Pic by Pradeep Dilrukshana

Sanasa Development Bank PLC, in a hastily organised press conference yesterday asserted that a recent news report, which attributed to a Rs.60 million scam to them, had in fact nothing to do with them.

“Sanasa Development Bank PLC is a registered company listed on the Stock Exchange and monitored by the Central Bank. This particular incident has happened in a Sanasa Cooperative Society.

We don’t have any relationship with them,” Sanasa Development Bank PLC Acting Chairman Lakshman Abeysekara said.

Addressing a media gathering yesterday, following the publishing of the news report, he said that Sanasa Development Bank PLC has no legal or business connection with the various Sanasa societies across the island, which are regulated by a Cooperative Commissioner.

Abeysekara added that the bank would officially change its name to SDB Bank and unveil a new logo soon as well.