Swarnamahal PLC’s operations suspended: CBSL

Swarnamahal PLC’s operations suspended: CBSL

Swarnamahal PLC’s operations suspended: CBSL

Written by Staff Writer

13 Apr, 2021 | 9:58 pm

COLOMBO (News1st): The central bank has suspended the operations of Swarnamahal Financial Services PLC with effect from 5 pm yesterday.

The monetary authority noted that the decision had been made as the finance company had failed to identify an investor who could uplift the firm.

According to the central bank, compensation will be offered to depositors across all People’s Bank branches in due course.

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