The controversial 390 million-rupee deal between some investors/directors at The Finance Co (TFC) and state-owned National Savings Bank (NSB) is set to be reversed this week, informed sources said.
The Board of Investment (BOI) signed an agreement with Kolkata-based ITC for a mixed development project opposite the Galle Face Green, while contrary to reports of the five star Sheraton hotel being established at this site, its building is now seen rising in the heart of Kollupitiya -- through a different party.
