People’s Bank responds to allegations of fraud over Rs.700mn Project

People’s Bank responds to allegations of fraud over Rs.700mn Project

People’s Bank responds to allegations of fraud over Rs.700mn Project

Written by Staff Writer

06 Sep, 2016 | 8:13 pm

The People’s Bank has responded to allegations of a fraud that had allegedly taken place at the bank, in relation to digitisation process adopted by the bank.

Details of an alleged fraud said to have taken place at the People’s Bank was reported by the Ceylon Today newspaper on Monday. An IT project valued at Rs.700 million is at the centre of the alleged scandal.

The Ceylon Today newspaper report states that the issue was brought to the attention of the prime minister by two members of the People’s Bank board of directors.

However, in a letter to the Mawbima Newspaper, the People’s Bank rejects the statements that any details pertaining to the IT project, and its tender procedure, were brought to the attention of the prime minister by two members of the bank’s board of directors.

The People’s Bank in its letter, reiterates that the necessary tender procedures were followed, and rejects claims that attempts were being made to provide preferential treatment to a single vendor.

The letter, published in the Mawbima newspaper further notes that such media reports, are an attempt to sabotage the digitalisation process being adopted by the bank.

Meanwhile, News Editor of Ceylon Today, Gagani Weerakoon stated that once investigations had begun they started to receive written evidence.

She added that they are going ahead with the stories based on the evidence, and that it is up to the People’s Bank to deny it , or defend themselves.

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