News

Heads to roll at leading Bank over large scale fraud

Published

11 months ago

June 13, 2024

nipuni

The Criminal Investigations Department has informed the Nugegoda Magistrate’s court yesterday (12 June) that more employees of a leading bank would be arrested in connection with a large scale fraud that is currently under investigation.

It is been conducted due to a complaint made by the head office of the related bank.

A suspect named Chathupama Ratnayake, who is working at the Bank’s Pitakotte branch, has been arrested in this regard and was ordered to be remanded till 26 June by the Nugegoda Magistrate court yesterday (12 June).

The suspect has allegedly used a fixed deposit of a bank customer as a lien to get loans for Rs. 6.3 Mn in total.

She has used her husband’s, mother’s and other close relatives’ names to prepare fake documents to commit this crime.

Editor’s note : Although the bank in question was mentioned as People’s Bank in the original article, it was later removed after the Bank later stated no such incident had taken place at their entity. We sincerely regret any inconvenience caused to any individual or entity in this regard.

News

CBSL presents Financial Statements and Operations Report 2024 to President

Published

1 hour ago

April 29, 2025

editor

The Governor of the Central Bank of Sri Lanka (CBSL) – Dr. Nandalal Weerasinghe, officially handed over the Financial Statements and Operations Report 2024 of the Central Bank of Sri Lanka to President Anura Kumara Disanayake at the Presidential Secretariat today (April 29).

A copy of the report was also presented to Secretary to the President Dr. Nandika Sanath Kumanayake.

Several senior officials from the Central Bank were present at the occasion.

(President’s Media Division)

News

30 injured in a bus accident in Beliatta

Published

2 hours ago

April 29, 2025

editor

30 persons have been injured in a head-on collision between a private bus and a SLTB bus near the Hettiarachchi bend in the Beliatta police division today (April 29).

Police said that the injured have been admitted to the Tangalle and Beliatta hospitals.

Further investigations are underway.

News

Millions lost due to Kompanna Veediya flyover construction delay

Published

2 hours ago

April 29, 2025

editor

Minister of Transport, Highways, Ports and Civil Aviation – Bimal Rathnayake yesterday (April 28) visited construction site of the flyover being built from Baladaksha Mawatha near the Kompanna Veediya Police Station to Chittampalam A. Gardiner Mawatha, in Colombo, to inquire about the cause of its delay.

He pointed out that the government has been compelled to pay over Rs.400 million to contractors as delay charges and a significant daily loss of Rs. 500,000 is being incurred.

The flyover has been planned to be built from Baladaksha Mawatha near the Slave Island Police Station to Chittampalam A. Gardiner Mawatha, in Colombo.

Accordingly, 06 police residential quarters had to be removed, and as a result, the project was delayed for about 02 years.

According to the Transport Ministry, it was informed during the inspection tour that steps will be taken to promptly remove the police residential quarters, which have caused the delay.

Stating that the matter must be resolved immediately, the minister has instructed the relevant officials to ensure that the construction of the flyover is completed by the end of this year under any circumstances.