Central Bank recommends impounding passports of Entrust directors including Chanuka Ratwatte

The Central Bank (CB) has urged the police to impound passports of former Entrust director Chanuka Ratwatte and other current directors in view of a current investigation in the company, CB Governor Arjuna Mahendran said on Wednesday.
Earlier some depositors had been informed by the authorities that these passports had been impounded.
However Mr. Mahendran told Times Online that the case pertaining to the failure of Entrust Securities Ltd, a primary dealer in the money markets, has been handed over to the Criminal Investigation Department (CID) with a recommendation that the passports of Mr. Ratwatte and other current directors be impounding pending the completion of the probe.
Mr. Ratwatte, a son of former Cabinet Minister, the late Anuruddha Ratwatte, is said to have been the power behind the company. He resigned from the board last October.
Last week Entrust was seized by the banking regulator after it was unable to show enough assets to settle liabilities. – (Duruthu)