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People’s Bank of Sri Lanka removed from Chinese Embassy blacklist

11 January 2022 01:00 pm - 3     - {{hitsCtrl.values.hits}}


People’s Bank of Sri Lanka has been removed from the blacklist of the Economic and Commercial Office of the Embassy of People’s Republic of China.

People’s Bank was blacklisted by the Economic and Commercial Office of the Chinese Embassy in Sri Lanka for failing to make the payment according to the Letter of Credit and the contracts between two parties.

However, following the payment to Qingdao Seawin Biotech Group Co., Ltd. in accordance with L/C terms with the clearance from the courts, the People’s Bank has been removed from the blacklist.

  Comments - 3

  • Katakana Tissa Tuesday, 11 January 2022 01:55 PM

    Never heard Embassies black listing banks just because they follow a local court order.

    Dilshan Perera Tuesday, 11 January 2022 05:49 PM

    So we have paid millions for receiving absolutely nothing.. shame! People should be shot over this..

    common man Tuesday, 11 January 2022 06:14 PM

    it's advised to stay away from China.

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