The President instructs Central Bank officials to mete out justice immediately to the depositors of ETI and The Finance companies.

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President Gotabaya Rajapaksa has instructed Central Bank officials to take legal advice immediately in connection with the ETI and The Finance companies and to mete out justice to the depositors. The President has said that future cause of actions should be monitored by establishing a committee representing the Presidential Secretariat, Central Bank, Treasury and the depositors. The President mentioned this during a discussion today at the Presidential Secretariat to look into the payments to ETI and The Finance depositors. A Presidential Commission has also been appointed to inquire into the transactions at ETI. Lengthy discussions took place on the measures taken by the Central Bank about the two companies. Under the first phase, payments will be made to the depositors of the two companies who have less than 600,000 rupees. The President emphasized that Justice should be meted out to other depositors even by taking over all properties belonging to the two companies. Governor of the Central Bank Professor W.D. Lakshman assured to provide solutions to the accusations and complaints of the public at the next Monetary Board meeting. He said that steps will be taken to solve problems that directly affect the public by rectifying shortcomings of the Central Bank, to protect the dignity of the institution and to ensure the responsibility. The President said that the depositors will be paid by taking over the properties of the ETI and The Finance companies.

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COVID-19 Situation Report
2020-Jul-03 | 05:07

Total Confirmed Cases - 2,066
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