CIFL depositors look to new Govt. for relief
Depositors of the failed Central Investment and Finance Ltd (CIFL) who say they didn’t get proper direction from the Central Bank are now taking their case to the present government for redress.
According to Wijeya Gunawardena, President, CIFLDA – the association representing the interest of depositors, the members who are mostly senior citizens are in serious trouble due to their inability to meet their medical bills. These depositors depended on the interest they received on their deposits from CIFL to pay medical bills.
Mr. Gunawardena told the Business Times that they have submitted the pertinent documents to President Maithripala Sirisena and are hoping to meet him. In the meantime, they have met Thilak Ranaviraja, Advisor to the President on Non-Banking Financial Intuitions and he has asked CIFLDA to meet him after two weeks.
CIFLDA also had the opportunity to meet Dr Harsha De Silva, Deputy Minister of Policy Planning and Economic Development and the latter has assured them that a committee would be appointed to look into the matters of all the failed financial institutions and ensure speedy solutions.
Mr. Gunawardena said that they would wait for about one month and if they do not get some tangible relief, they would commence their agitation campaign.