The Monetary Board of the Central Bank of Sri Lanka (CB) has decided to extent by another three months from May 15, recent actions taken in connection with the troubled The Finance Company PLC (TFC).
Announcing this decision on Wednesday, the CB said it had initiated a number of regulatory actions, as temporary measures on TFC with effect from February 15, 2019, with a view to safeguard the interests of the depositors and other stakeholders of the company.
“Regulatory measures include suspension of accepting new deposits, withdrawal of deposits and disbursement of loans and advances to facilitate the restructuring process of TFC,” it said adding that the extension was given in order to consider the business restructuring proposal submitted by the company. Interest due on deposits will be paid continuously. - ENDS -
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.
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
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