PM tells Central Bank to take responsibility for collapse of financial institutions

Prime Minister Mahinda Rajapaksa today told the Central Bank to take the responsibility for the collapse of some financial institutions.

The Prime Minister’s Office said that Rajapaksa had noted that a number of financial institutions had collapsed over the past few years.

He had expressed these views when he had talks with officials of the Central Bank today on the collapse of The Finance Company PLC.

The Governor of the Central Bank of Sri Lanka, W. D. Lakshman and Government Ministers and officials attended the discussion.

The Prime Minister had noted that the collapse of some financial institutions had put the Government in a difficult situation and also resulted in the public losing confidence in financial institutions.

Rajapaksa also said that financial institutions operating under the Central Bank of Sri Lanka which deceive the public must be investigated. (Colombo Gazette)

3 COMMENTS

  1. PM please get CB to play ETI depositors as well in this difficult period if you want our support at the elections. Why only The Finance Depositors?

  2. This is the outcome of your ignorance, you never acknowledged talented Sri Lankans. Think about your current Parliamentary members’ educational standards. Then you will have an answer why Sri Lankan economically has collapsed, and has more debts, mosquitoes and stray dogs far more than in the 1970s, 1980s and 1950s?

  3. “Prime Minister Mahinda Rajapaksa today told the Central Bank to take the responsibility for the collapse of some financial institutions.”
    ‘Mr. Mahajara Jarapssa’,
    It’s not the Central Bank but you and your fraudulent government who is to be blamed and take the ‘soul’ responsibility for dragging the country to this economic downfall (it’s a cess-pit @ present), by ‘Pawning the Country’ to the cunning ‘Cheenas’ for you & your Medamoolana family’s well-fare.

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