UNP to meet President on removal of PB, BOI, BOC directors

The United National Party (UNP) is to have an urgent meeting with President Maithripala Sirisena on his decision to remove the board of directors of the People’s Bank (PB), Bank of Ceylon (BOC) and the Board of Investment (BOI).

A UNP statement said that the meeting was called for as the three Government institutions operate under UNP Ministers.

President Maithripala Sirisena had yesterday decided to remove the board of directors of People’s Bank, Bank of Ceylon and the Board of Investment (BOI) from last night.

The UNP said that the People’s Bank and Bank of Ceylon operate under Minister Lakshman Kiriella while the BOI operates under Minister Malik Samarawickrama.

As a result the UNP had decided to meet the President and discuss the decision to remove the board of directors. (Colombo Gazette)


  1. Sign of internal conflicts in good governance. This we ordinary citizens feel as the first in the series of dramatic conflicts to come. All are goals but some are own goals . The best solution is to bring culprit Mahendran home. Ranil and Malik should know that Bond scam has destroyed them as well as the party. Some Bank Board members probably had an invincible role in the scam. The greatest white collar crime of the history. Peoples Bank and BOC are doing well and have built a brand for themselves except for some political dictates . Peoples Bank Chairman is none other than Chief of Staff of the President , a great achiever He is also inching towards the cut off point of 70 years. Of course there is a big issue a Super Normal staff salary increase this year. The top People in the Management of these Banks increasing salaries to themselves by 50% or more. How was it possible When the Government is asking to tighten the belts of the poor. A top man who retired recently is getting a pension well over Rs 450,000= the highest known to me in the country, in addition to large EPF and takeaway Luxury Vehicle . BOC Chairman had a conflict of interest. He was a Lawyer of a main trade Union in the Banking sector when he assumed duties. In future too he will be a Lawyer for that Union. It appears that some of his decisions were favourable to members of the union he represented . At the first instance he should have avoided taking Position in any Bank due to conflict of in the spirit of good governance.

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