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)
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
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