BOC GM Gunasekara returns

29 Apr 2015 - {{hitsCtrl.values.hits}}

Bank of Ceylon (BOC) General Manager D.M. Gunasekara who was sent on leave to facilitate an investigation the bank was carrying out returned to work on Monday, Mirror Business learns.
Sources at the state-owned banking giant said it was the pressure mounted by the trade unions, executives and corporate management of the bank that ensured the return of Gunasekara.
A statement issued by BOC previously said that Gunasekera was placed on leave to facilitate an independent investigation. However, the statement did not specify what the bank was probing.
It was speculated that placing Gunasekara on leave was related to the bank opening up a branch in Seychells allegedly without proper approvals and irregular staff recruitments during the previous regime.
Meanwhile, some believed the role BOC played in the recent bond controversy was the reason.
A media statement issued by the committee appointed by Prime Minister Ranil Wickremesinghe to probe the bond deal recommended BOC to carry out a forensic audit and call explanations from the bank’s Chief Dealer for risking bank’s funds.

Business Main

BOC GM Gunasekara returns

Most Popular Articles

CBSL shifts into macro-stability defence mode with sharp rate hike

Middle east tensions weigh on CSE as selling pressure intensifies

Global tariffs and geopolitical shockwaves trigger broad market selloff on CSE

CBSL launches anti-scam drive as fraud risks grow

Earnings optimism lifts CSE as ASPI gains over 111 points

CSE extends losses as geopolitical risks and tariff concerns weigh on sentiment

Latest News

Correct guidance needed to prevent Sri Lanka becoming “Climate Orphans” – CEJ

IPL fireball: Here comes the sun…

Sri Lanka launches EU-backed green reporting guidelines

Trinity’s spirit too much for worn out Wesley

CSE ends week on a soft note as early gains fade amid cautious Friday profit-taking