The licence issued to troubled Central Investment and Finance (CIFL) has been cancelled on an order by the Central Bank’s Monetary Board, the Colombo Stock Exchange was notified on Thursday.
The notice from the Central Bank's Non-Bank Supervision Department further said: “The company may tender objections in writing to the Board in which case the Board may consider the objections and further action may be determined.” The company has been in crisis-mode for several years with deposits not returned to investors and the Central Bank trying to find new investors to recurrect the company. (DE)
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
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