A state bank is to grant massive loans to companies owned by five persons with political affiliations, including a member of the SLFP’s ‘group of 16’, on concessionary terms, according to lankanewsweek website.
The bank’s board on major loans has asked the chairman and the director board to submit a report of explanation about these loans that are unfair by the other customers of the bank.
Several UNP backbenchers are planning to raise this matter in parliament as well.
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