The National Savings Bank (NSB), which last week took over the management of the failed Entrust Securities PLC on a directive of the Central Bank, said on Tuesday that it was in the process of ‘undertaking a financial due diligence (of the company)”.
In an announcement to the Colombo Stock Exchange since Entrust is a listed company, the state-owned bank said that an action plan to restructure the company will be prepared as the second step. NSB said it has been vested with taking ‘appropriate measures for recovery and restructuring’ of Entrust Securities which is said to have liabilities totalling Rs. 6 billion. – ENDS -
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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