Jan 14, 2017

Bank of Ceylon security tender scam Featured

Serious concerns have been raised regarding the transparency of the tender awarded for the provision of security to the bank, according to internal sources.

According to information received, the tender called on August 16, 2016 has been accorded to three private security firms consisting of 800 security personnel and this is said to be costing the bank losses of over 1 million per month.

Based on these factors it raises concerns of whether an underhand deal has been reached and further intensifying the suspicion, Security Company representatives of five provinces have been put together in one company, as never done before in the bank’s history.

Danger of disrepute

Accordingly, the sources pointed out that the highest number of security personnel anticipated was from the Central Province (170), North (115), North Central (110), Sabaragamuwa (115), Wayamba (120) was accorded to Gajashakthi Security Service and the Uva (90) and Western Province (80) tenders only were accorded to Iron Arms Security Service and Crown Royal Security Service respectively, raising great suspicion.

The highest number of security personnel requirement province security is currently handled by Iron Arms Security Service and Crown Royal Security Service and the Bank of Ceylon officials should at least look into this matter before allowing greater corruption to take place which will invariably tarnish the reputation of the Bank of Ceylon as well.

In order to clarify this situation although we made several attempts to contact the Chairman of Bank of Ceylon, our attempts proved futile.