Former banker Ranjit Fernando, a close associate of Prime Minister Ranil Wickremesinghe, has resigned from the post of chairman of the Urban Development Authority (UDA) with the reasons for the resignation unknown, official sources said on Wednesday.
Dr Jagath Munasinghe has assumed duties in the post of acting chairman last week, a senior official of the Ministry of Megapolis and Western Development revealed. Mr. Fernando is currently overseas and he is expected to return to Colombo, the official said adding that he cannot say as to when he is returning to the island.
Mr. Fernando is a veteran banker and a former Secretary of the Ministry of Industries and Constitutional Affairs. He has been a Director and the CEO of the National Development Bank, and a director of several public and private sector companies. Close associates said Mr. Fernando still continues his engagement with government agencies and the resignation may have been due to the institution requiring a lot of time and energy in the post of chairman which he was unable to do. (Bandula)
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