US Federal Reserve assisting Lanka in probe on funds

The United States Federal Reserve is assisting Sri Lanka in the probe on large scale offshore accounts managed by key members of the former Government.

Cabinet spokesman Dr. Rajitha Senaratne said that the?Federal Reserve has informed Sri Lanka that it needs time to gather information related to the offshore accounts maintained by the former Government members.

“When a US Dollar is exchanged in any country it is registered at the US?Federal Reserve. They have told us they will submit all the required information but it will take some time,” he said.

Dr. Rajitha Senaratne said that once the information is obtained from the?US?Federal Reserve the Government will take the next step.

He says there are three major offshore accounts maintained by former Government members, including a member of the family of former President Mahinda Rajapaksa. (Colombo Gazette)