Massive fraud at Ruhunu Dev. Bank: Auditor General

30 September 2011 05:45 pm - 0 - {{hitsCtrl.values.hits}}

A A A

Some officials of the Ruhunu Development Bank had fraudulently withdrawn Rs. 6.1 million recently, the Auditor General report released to Parliament stated.

All these regional banks including Ruhunu Development Bank were amalgamated for the formation of the Pradeshiya Development Bank last year.

The Auditor General said in his report that the fraudulent withdrawals had been made during the period January 1, 2008 and March 2010. In the report, it had been cited as a loss to the bank.

Also, the Auditor General observes that confirmation in respect of investment valued at Rs.1.5 billion was not available for audit last year.

The report says that the bank has not followed proper documentary procedures in taking investment decisions.

The value of non-performing investments amounted to Rs.47 million during the year under review. (Kelum Bandara)

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka

Comments - 0

Add comment
Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Massive fraud at Ruhunu Dev. Bank: Auditor General

Comments - 0

Add comment

RECOMMENDED

‘Spike in blast fishing’ poses renewed threats to Sri Lanka’s marine ecosystems

UDA owned land in Thalawathugoda; UDA Minister Prasanna Ranatunga under the spotlight for forceful occupation of reserved land

Loss-making SMIB faces political pressure in recovering loans

Baltimore Bridge Collapse: MV Dali, SL authorities anchored in mystery?

Has Sri Lanka become a potential hub for the illegal wildlife trade?

Spotlight on Moragahakanda Development Project Moragolla villagers lose livelihoods and down to one meal a day

Ambitious Sri Lankan jobseekers ‘trafficked into Ukraine war zones’

Most Viewed in News

New Visa procedure implemented

Complaint lodged over Piumi Hansamali's possession of Gota’s Range Rover

Street food vendor arrested for verbally harassing foreigner

Sri Lankan among NASA’s new crew for next simulated Mars journey

SL on alert on possible genocide allegations by Canada

Gota fires back at Cardinal, rebuts allegations

MIRROR CRICKET

Is Chamari Athapaththu Sri Lanka’s greatest cricketer ever?

Athapaththu back atop ICC Women’s ODI Batting Rankings

Chamari Athapaththu sets big goal for T20 World Cup

How does CSK get best out of Pathirana?

TODAY'S HEADLINES

Foreign powers intensify surveillance on Presidential elections as strategic interests take centre stage

New uterine loop for monkey birth control

Sajith avoids reception hosted for Iranian President

Do not be afraid to use weapons, Minister Alles tells police

Pakistan lose key players for last two T20Is against New Zealand

Sri Lanka secures third spot in South Asian Kurash Championship 2024

Athapaththu back atop ICC Women’s ODI Batting Rankings

Army forms committee to probe Diyatalawa Fox Hill Supercross accident