May 09, 2017

Probe into EPF investment loss Featured

An investigation is underway into the Rs. 9.5 billion loss to the EPF through its investment in government securities in the secondary market, said CB governor Dr. Indrajit Coomaraswamy.

Speaking to the media today (09), he said the accused assistant governor and another bank official have been transferred.

They will be asked to explain too, said the governor.

Furthermore, a committee comprising a retired judge will be appointed to investigate the matter, he added.