28 March 2017 12:03 am
The Central Bank yesterday said the Monetary Board has decided to take disciplinary action against any official of the bank for wrongdoing with regards to the Employees’ Provident Fund (EPF) transactions in government securities.
A statement by the bank said the Monetary Board during its recent meeting had a discussion on the ‘Report on the Examination of the Employees’ Provident Fund Transactions in Government Securities’ with a view to decide the suitable course of action to be followed in respect of the findings.
“The Monetary Board decided to commence disciplinary proceedings in terms of the internal procedures of the Central Bank of Sri Lanka against any officials of the bank where there is evidence of wrongdoing,” the statement noted.