Reply To:
Name - Reply Comment
Last Updated : 2024-04-25 14:54:00
The Depositors of the failed The Finance Company PLC (TFC) have called on the government to urgently intervene in the settlement process, so that they are able to obtain their funds at the earliest.
Addressing a press conference this morning, the ‘Independent Organisation to Protect TFC Depositors’ said the relevant authorities continue to turn a deaf ear to the request and pleas made thus far.
Furthermore, the depositors pointed out they are not in agreement with the decision of the Central Bank (CBSL) to liquidate the assets of the company to settle the depositors as they fear the process could take over 10 years to reach completion.
TFC, which is a non-bank lender of the collapsed Ceylinco Group, had its business license cancelled in May, last year, thereby was not permitted to engage in the finance business from that date.
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
US authorities are currently reviewing the manifest of every cargo aboard MV
On March 26, a couple arriving from Thailand was arrested with 88 live animal
According to villagers from Naula-Moragolla out of 105 families 80 can afford
Is the situation in Sri Lanka so grim that locals harbour hope that they coul