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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Rs. 2,000 m in loans defaulted to Lankaputhra

Rs. 2,000 m in loans defaulted to Lankaputhra

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Teller

Teller
Moderator
Moderator
typing errorhe Financial Crimes Investigation Department (FCID) of the Police have commenced investigating into the failure of 15 business tycoons to pay back loans to the tune of Rs. 2,000 million obtained from Lanka Putra Development Bank.

Lanka Putra Development Bank sources claim that among these 15 business tycoons there are those who have drawn loans to the tune of Rs. 75 million and Rs. 100 million but had not paid even a single installment.

Police FCID has drawn its attention specifically to find out whether some of those businessmen who had taken loans stating 'for projects related to fisheries industries' had utilised the money for illegal activities.

With the FCID commencing investigations into the activities of high ranking businessmen, this will help put aside the allegation that the FCID was targeting only politicians.

Police investigations will try to find out whether any official of the Financial Ministry had issued directives to the Lanka Putra Development Bank to grant the said loans.

The government has decided to take stern action against those who failed or neglected to pay back loans in a big way from state banks.

"We are taking all steps to collect loans, every cent due to the Bank, because this is state money, money of the land," an official of the Lanka Putra Development bank said.



Last edited by Teller on Tue Jun 09, 2015 1:38 am; edited 1 time in total (Reason for editing : typing error)

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@Teller wrote:Jayasiri Munasinghe
The Financial Crimes Investigation Department (FCID) of the Police have commenced investigating into the failure of 15 business tycoons to pay back loans to the tune of Rs. 2,000 million obtained from Lanka Putra Development Bank.

Lanka Putra Development Bank sources claim that among these 15 business tycoons there are those who have drawn loans to the tune of Rs. 75 million and Rs. 100 million but had not paid even a single installment.

Police FCID has drawn its attention specifically to find out whether some of those businessmen who had taken loans stating 'for projects related to fisheries industries' had utilised the money for illegal activities.

With the FCID commencing investigations into the activities of high ranking businessmen, this will help put aside the allegation that the FCID was targeting only politicians.

Police investigations will try to find out whether any official of the Financial Ministry had issued directives to the Lanka Putra Development Bank to grant the said loans.

The government has decided to take stern action against those who failed or neglected to pay back loans in a big way from state banks.

"We are taking all steps to collect loans, every cent due to the Bank, because this is state money, money of the land," an official of the Lanka Putra Development bank said. 
Teller,

Is there any clue who those business tycoons
It will help forum members cation related to their business in CSE.
confused confused confused

Teller

Teller
Moderator
Moderator
@Yahapalanaya, I think quibit can answer your question.


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Teller said is said..

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