Inquiry against BOC GM nears completion
View(s):Bank of Ceylon (BOC) General Manager D.M. Gunasekara resumed duties on Wednesday after being sent on compulsory leave on April 7 pending an inquiry over certain irregular dealings and decisions.
The directive to send him on compulsory leave has been withdrawn following demands made by BOC trade unions, official sources said.
Finance Ministry sources said there was an inquiry into Mr. Gunasekera’s alleged involvement in the setting up of a bank branch in the Seychelles without proper permission, making improper recruitment and in releasing money to Perpetual Treasuries for investment in the controversial Treasury bonds issue of the Central Bank.
The sources said 90 per cent of the investigations and the special audit by internal and external auditors at the BOC have been completed and so far there was no indication of abuse or misuse of power on the part of Mr. Gunasekera. The inquiry has revealed that decisions taken by Mr. Gunasekera as per allegations were based on board directives.
BOC Chairman Ronald C. Perera was not available for comment as he is abroad.