Auditor KPMG is carrying out an audit on the beleaguered Entrust Securities Ltd, a primary dealer in the money markets, under the aegis of the Central Bank (CB), a top official said.
CB Governor Arjuna Mahendran said on Wednesday that the company has been quarantined (meaning operations isolated from other Entrust Group companies) and the audit will reveal the exact position, after which a restructuring plan will be set by the CB. "We will find out the exact position in about a months' time," he told Times Online. (Duruthu)
Former President Ranil Wickremesighe was remanded till August 26 by Fort Magistrate Nilupuli Lankapura a short while ago.
Former President Ranil Wickremesinghe was arrested by the CID this afternoon in connection with the misuse of public funds.
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