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Sri Lanka: State Owned - Bank of Ceylon US $ 2 million fraud at NRFC Department?

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Business Basil


Manager - Equity Analytics
Manager - Equity Analytics

Insiders from State owned Bank of Ceylon (BOC) notes that the bank's Foreign Remittances Department's NRFC Department is carrying out an investigation on a US $ 2 million or over Rs.270 million fraud that has happened inside the bank recently.

Committee on Public Enterprises (COPE) of Parliament will also take up the issue since the fraud has happened during the Yahapalana Regime of Ranil-Maithripala-Ravi-Arjuna Mahendran Fame, and since lots of Political Stooges of Finance Minister Ravi Karunanayake is appointed to the Board including Ranel T Wijesinha and Ravi Karunanayake's family connected Global Group Chief Financial Officer Brian J. Sinniah is appointed to the Bank of Ceylon Board with few more political stooges.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Any party who favorably appoint & protect such stooges will be the losers in next election. Nowadays voters are vigilant ever than before & latest trend is not sticking to colored & vociferous parties. 

Vested with more understanding power voters do reject all kinds of political goons in the future. This is a good sign of future trend in the country.

Recicash

Recicash
Manager - Equity Analytics
Manager - Equity Analytics

Business Basil wrote:Insiders from State owned Bank of Ceylon (BOC) notes that the bank's Foreign Remittances Department's NRFC Department is carrying out an investigation on a US $ 2 million or over Rs.270 million fraud that has happened inside the bank recently.

Committee on Public Enterprises (COPE) of Parliament will also take up the issue since the fraud has happened during the Yahapalana Regime of Ranil-Maithripala-Ravi-Arjuna Mahendran Fame, and since lots of Political Stooges of Finance Minister Ravi Karunanayake is appointed to the Board including Ranel T Wijesinha and Ravi Karunanayake's family connected Global Group Chief Financial Officer Brian J. Sinniah is appointed to the Bank of Ceylon Board with few more political stooges.
When the fraud occur? Date of transaction is main. COPE???

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