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.
Related ::
No withdrawals of CIFL deposits
Police to investigate on CIFL money fraud
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