Sri Lanka’s Central Bank has opened two new departments focussing on risk management and audit aimed at minimising some of the problems in the past during the tenure of former Central Bank Governor Ajith Nivard Cabraal, official sources said. Kusum Dassanayake, who was attached to the Governor’s Secretariat as the Director, has been re-assigned as Director of the Risk Management Department while an appointment to the department of audit is yet to be made. Haphazard investments by the Employees Provident Fund in loss-making listed stocks and other risky ventures are now under investigation by the regulator while the new risk management department will scrutinise all new investments henceforth. In the meantime, P. Samarasiri, Deputy Governor has been named the new Senior Deputy Governor. The earlier Senior Deputy Governor was P.N. Weerasinghe who remains Deputy Governor. The Senior Deputy Governor is the next most powerful officer after the Governor and acts for the latter when he is abroad. There have been many other changes too at the regulator, official sources said. -ENDS-
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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