The central Bank of Sri Lanka carried out a audit recently and have given a worse report in the history of 10 years.
The investors in the fund managed by Ironwood Investments who are the main shareholders have demanded Eran Himbuldeniya to exit this investment.
The investment was made at Rs 25 and the share has dropped to Rs 22.The Managing Director , Chief Financial Officer and Head of Risk and compliance also have resigned .
60% of the branches incurred losses after the Head of Branches was transferred .
The performance became even worse after Some of the female staff members were harassed by the Chief Operating offer.
Well respected Luxman Watawela also has resigned from Abans Electricals Board where the performance has dropped .
Investors are advised not to invest in Abans group shares.
Abans group which has been closely associated with the former regime has been provided with land in katunayake to build low cost housing by BOI but the land has been used to carryout assembly operations.
Colombo commercial company land was also given without following procedures and both deals are being investigated.
municipality garbage collection contract awards of Colombo and Sri Jayawardenapura kotte are also being investigated now.