News

CBSL issues prohibition order on man over pyramid scheme

Published

2 years ago

October 26, 2022

editor

The Central Bank of Sri Lanka (CBSL) has issued a prohibition order on a resident of Polonnaruwa named Hettiarachchilage Sahan Akalanka for accepting cash deposits from the people without any CBSL approval.

Sahan Akalanka, the Director of Athens International Education Center (Pvt.) Ltd., residing at No. 45/5 A, Second Cross Street, New Town, Polonnaruwa, has accepted cash deposits from the public without the approval of the Central Bank, an investigation conducted under Section 42 of the Finance Business Act, No. 42 of 2011 has revealed.

Accordingly, the Monetary Board of the CBSL has ordered the concerned company and the individual not to continue accepting deposits and carrying out monetary transactions through the issuance of memorandums of understanding or in any other way.

The CBSL has already prohibited this company and individual from receiving deposits or money, granting loans, making new investments, selling or transferring assets, and conducting all transactions related to any account, property or investment.

Information revealed that Sahan Akalanka has accepted more than Rs.3,000 million as deposits from over 1,000 people all over the country.

Many aggrieved people have held protests outside his office in Polonnaruwa and in several other cities due to his unauthorized money acceptance process which has been carried out in the form of a pyramid scheme.

The suspect has accepted deposits from people claiming to give interest of up to 90 per cent, and the depositors have complained to the Criminal Investigation Department (CID) regarding non-repayment of the money or interest.

He had also paid several TV channels to get programmes broadcast in order to promote his unauthorized financial institution.

News

Complaint filed alleging assets being misused for President’s political activities

Published

4 hours ago

April 26, 2024

editor

Today (26) the Socialist Youth Union (SYU) filed a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) calling for a probe into the alleged misuse of assets owned by the National Youth Services Council (NYSC) for the political activities of current President Ranil Wickremesinghe.
The SYU submitted a formal complaint to the CIABOC today (26) afternoon.

The complaint is filed against Minister of Youth Affairs and Sports – Harin Fernando, Ministry Secretary – Dr. Kanapathipillai Mahesan, and Chairman of the NYSC – Pasindu Gunaratne.

Speaking before the media, Eranga Gunasekara, the national organizer of the SYU said, NYSC vehicles bearing the numbers NA 9099, NB 1389, NB 3384, NB 3383 had been misused for the UNP rally held in Kuliyapitiya on March 10.

He has also said a dance troupe of the NYSC, used for the rally, is yet to be paid.

News

Tiran makes revelation on Maithripala’s statement

Published

4 hours ago

April 26, 2024

editor

During the inquiry over former President Maithripala Sirisena’s recent statement that he was aware of the real culprits behind the Easter Sunday bomb attacks, he has not mentioned the names of anyone in Sri Lanka, Public Security Minister Tiran Alles said.

The lawmaker made this remark while speaking during today’s parliamentary session.

News

High Posts committee approves 4 appointments

Published

4 hours ago

April 26, 2024

editor

Committee on High Posts approves appointments of a new ambassador, a secretary to a ministry, and 02 chairpersons of institutions

The Committee on High Posts which met recently in Parliament has given its approval for the appointments of a new ambassador, a ministry secretary and two institution chairpersons.

Accordingly, the Committee on High Posts has approved the appointment of Mr. S.A Rodrigo as the new Sri Lankan Ambassador to the Italian Republic.

In addition to that, the appointment of Mr. A.C.M. Nafeel as the new secretary of the Ministry of Water Supply and Estate Infrastructure Development was also approved by the Committee on High Posts.

Furthermore, the Committee on High Posts approved the appointments of Mr. W.A.D.S Gunasinghe as the new chairman of the Regional Development Bank and Mr. N.K.S. Jayasekara as the new chairman of the Sri Lanka Atomic Energy Regulatory Council.

Ministers Dr. Ramesh Pathirana and Vidura Wickramanayake, Member of Parliament Rishad Bathiudeen participated in the Committee on High Posts which met under the chairmanship of Speaker Mahinda Yapa Abeywardena.