Sampath Bank says investigating financial irregularity

Samapth Bank PLC yesterday said it is investigating a ‘financial irregularity’ at one of its branches, and said the ongoing investigation prevents them from disclosing details any further.

“The incident occurred a few months back and the bank has already taken appropriate measures to correct the situation and ensure non-recurrence,” Sampath Bank said in stock market filing.

“We wish to assure the public that we have taken steps to ensure our customers will not be affected in anyway due to the incident reported,” it added.

A media report said a Sampath Bank branch manager and another individual were remanded for 14 days on the orders of Kaduwela Magistrate Courts following their arrest by the Criminal Investigation Department for the scam exceeding Rs.125 million.