Central Bank appoints committee to probe irregularities in finance leasing businesses
A three-member committee was appointed by the Governor of the Central Bank of Sri Lanka, Professor W. D. Lakshman, to probe irregularities at financial institutions and leasing companies.
President’s Counsel Harigupta Rohanadeera will chair the committee while Legal Director at the Central Bank KGP Sirikumara and Director of the Non-Bank Finance and Leasing Sector Unit of the Central Bank JP Gamlath have been appointed as members.
The committee is tasked with probing the leasing and financing facilities offered by Financial Institutions which are not registered with the Central Bank and making necessary recommendations.
Further, it is tasked with probing the various unlawful acts committed by registered financial institutions & management and to make necessary recommendations.
The committee has also been instructed to compile a comprehensive report on its findings along with recommendations from legal experts and professionals within 14 days.
Latest Headlines in Sri Lanka
- Sri Lanka confident of meeting conditions for IMF funding soon – report March 28, 2024
- Fire erupts at tyre shop in Colombo March 28, 2024
- Sri Lankan soldier Nipuna Silva among latest victims in Ukraine-Russia conflict – Report says March 28, 2024
- Gnanasara thero sentenced to 4 years in prison for defamatory remarks against Islam March 28, 2024
- Emergency preparedness is imperative – State Defence Minister March 28, 2024