Fmr CIFL chairman defrauded a sum of Rs.1.6bn – depositors allege (Watch Video)

Fmr CIFL chairman defrauded a sum of Rs.1.6bn – depositors allege (Watch Video)

Written by Staff Writer

17 Mar, 2015 | 9:37 pm

The CIFL Depositors’ Association says that a former chairman of CIFL had defrauded a sum of Rs.1.6 billion rupees from the deposits.

Wijaya Gunawardena, the President of the CIFL Depositors Association pointed out that this fraud had been committed with the assistance of the then governor of the Central Bank and other officials.

The depositors’ request that an immediate investigation be conducted and measures be taken to return their money. CIFL also known as Central Investments and Finance which was under the supervision of the Central Bank of Sri Lanka collapsed in 2013.

Since then the depositors made various attempts to obtain their hard earned money. However they have not been given any solution yet. The CIFL Depositors association noted that 4200 persons had deposited a sum of around 3.5 billion rupees in the company . A majority of the depositors are pensioners who had deposited their  gratuity payments.

The CIFL Depositors Association says that the chairman who is responsible for this fraud had fled the country. At present a case for violating mimigration and emigration laws is being taken up and the chairman in question is evading court.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]