Mon, 23 May 2022 Today's Paper

Committee probing state-bank malpractices receives over 100 complaints

22 September 2020 09:40 am - 0     - {{hitsCtrl.values.hits}}

A A A

  • Deadline to submit complaints extended to Sept. 30

The committee appointed to look into the malpractices that were said to have taken place in state-owned banks under the previous regime, has received over 100 complaints, according to a Finance Ministry communiqué.


Since more complaints are expected, the deadline to submit complaints has been extended to September 30.


The committee requests the public to send in complaints to the address: Director General, Public Enterprise Department, Finance Ministry, Colombo 1 or direct such complaints to wijayarathne.phas@ped.treasury.gov.lk.


In August, Finance Minister Mahinda Rajapaksa received the Cabinet nod to appoint a committee to look into the irregularities and malpractices that were said to have taken place in state-owned banks, from January 8, 2015.


The committee will look into the alleged wrongdoings at Bank of Ceylon, People’s Bank, National Savings Bank and Regional Development Bank and their affiliated institutions, violating the Banking Act and other established procedures.

While identifying the officials and other private parties, who have had committed these wrongdoings, the committee is also expected to come up with legal and administrative recommendations to avert such incidents in future and make banking more people-friendly.


Names of several state-owned banks were mentioned during the proceedings of the presidential committee appointed to probe the bond scams that took place in 2015 and 2016.  Up to now, nobody has been made accountable for the scams and the legal proceedings are taking place at snail pace. Former High Court Judge Sisira Ratnayake functions as Chairman of the committee. Chartered Accountant Susantha de Silva and retired Additional Auditor General W. Premananda are the other two committee members. 


A Finance Ministry representative will operate as secretary to the committee. The committee is expected to present its report in three months to the Cabinet of Ministers via Finance Ministry secretary.

 

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

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

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

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


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.

Reply To:

Name - Reply Comment




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

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


How a little protest grew to a loud people’s roar

Back in 2019 the Sri Lankan citizenry elected the Gotabaya Rajapaksa regime w

Continuing economic crisis in Sri Lanka and its far-reaching repercussions for women and girls

Soap, milk, and wheat are just a few of the necessities that are scarce in Sr

What’s next for the Sri Lankan Economy?

Monday’s briefing by Prime Minister Ranil Wickremesinghe was a rude awakeni

Who do we subsidize through fuel subsidies?

The economic crisis, the outcome of months of mismanagement by the Gotabaya R