Wed, 30 Nov 2022 Today's Paper

Troubled financial institutions Govt. should intervene on behalf of depositors: Union

25 May 2020 12:07 am - 0     - {{hitsCtrl.values.hits}}

A A A

By Yohan Perera   

Alleging that around six non-banking financial institutions  representing the private sector are at the verge of collapse, the Inter  Company Workers Union President Wasantha Samarasinghe yesterday urged the  government to intervene on behalf of the depositors and workers.   

Mr Samarasinghe told Daily Mirror that monitoring unit of  the Central Bank should intervene on behalf of the workers and  depositors and should not allow the closure of these institutions.   


He publicly alleged that there is also a move to close down  another institution which collapsed ten years ago and was restructured  with a new board of directors.   


“Both the UNP and SLPP governments have neglected this institution during their respective regimes. This has resulted in both depositors and workers facing a difficult situation,” he said. 

 
“One should not allow the collapse of financial  institutions as such a situation would have an adverse effect on the  economy,” he added.      

 


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 Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  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 Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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 Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

POLICE ON TRIAL: Exercising Authority without Accountability

Although armed with the power of the State and empowered to use force against

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning

Rishi Sunak; why SL did not have a Tamil or Muslim as President?

Britain now has a British Asian, Hindu Prime Minister, though Rishi Sunak is

How and why MGR launched ADMK 50 years ago

17 October 1972 was a Tuesday. Fifty years ago on that auspicious day, a new