Nearly 6000 investors who had deposited nearly 3.4 Billion Rupees in Central Investment and finance Ltd have fallen into utter helplessness due to the bankruptcy of the institution.
The CIFL company which had even halted their grant of interest to the depositors since last December, is a registered financial company in the Central Bank.
The CIFL depositors association says that one of the major reasons for the collapse of many financial institutions in Sri Lanka is the lack of proper supervision of the CB.
In an inquiry made regarding this, a spokesperson in the CB told BBC Sandeshaya that steps have being taken to bring perestroika to CIFL.
No withdrawals of CIFL deposits
Police to investigate on CIFL money fraud