People’s Bank, BOC, BoI boards dissolved

The Boards of Directors of the People’s Bank, Bank of Ceylon (BOC) and Board of Investment (BoI) have been dissolved by President Maithripala Sirisena with effect from last night.

According to Presidential Media sources, the decision has been taken after considering the irregularities that have allegedly taken place at these institutions.

Sources said that separate investigations will begin over the alleged frauds that have taken place in these institutions.

 

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