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Rs.40 million fraud raises doubts on People’s Bank data system

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A retired principal who allegedly obtained an amount of Rs.42,055,000 from the People’s Bank fraudulently, has been arrested by the Public Complaints Investigation Department of the CID.

The suspect is said to have obtained loans from two bank branches located in Kandy and Gampola under the ‘Gurusetha’ loan scheme introduced by the People’s Bank.

The arrested suspect is a 69-year-old retired principal from Hindagala.

According to the CID, the principal has prepared fake documents and fraudulently obtained this amount from the two branches on 26 occasions.

However, with the disclosure of this fraud, it was reported that doubts have arisen in the banking sector whether there are shortcomings in identifying recurring errors in the People’s Bank’s internal data system.

Source – Lankadeepa

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This week’s Cabinet decisions

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A number of decisions have been taken at the Cabinet meeting held yesterday (Dec. 02).

The decisions taken by the Cabinet of Ministers are as follows :

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No change in Litro Gas prices for December

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The Litro Gas Company says that the prices of its domestic LP Gas cylinders will remain unchanged for the month of December 2024.

Chairman of Litro Gas – Channa Gunawardena stated that the company decided to keep the prices of LP gas cylinders unchanged despite the price hike in the global market, in order to provide relief to the consumers.

Accordingly, the prices of Litro LP gas domestic gas cylinders will remain unchanged as follows:

12.5kg – Rs. 3,690
05kg – Rs. 1,482
2.3kg – Rs. 694

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Tomorrow’s Parliamentary session to continue until 9.30 pm

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It has been decided during the party leaders’ meeting to conduct tomorrow’s (Dec. 04) parliamentary session until 09.30 pm.

Accordingly, the adjournment debate regarding the disaster situation caused by the recent adverse weather conditions will be held from 05.30 pm – 09.30 pm tomorrow.

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