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)
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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.
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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