Evidence of wrongdoings in EPF accounts: Disciplinary action to be taken against CBSL officials

Evidence of wrongdoings in EPF accounts: Disciplinary action to be taken against CBSL officials

Evidence of wrongdoings in EPF accounts: Disciplinary action to be taken against CBSL officials

Written by Bella Dalima

28 Mar, 2017 | 3:50 pm

The Monetary Board of the Central Bank has decided to take disciplinary action against any official of the Central Bank where there is evidence of wrongdoings reported while managing the EPF account.

Issuing a communique, the Central Bank stated that the Monetary Board has held discussions with regard to the report on the examination of EPF transactions in government securities.

The Monetary Board has held the discussion with the aim of taking suitable action in respect to the findings on the report.

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