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The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

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Government to probe billions of losses by NSB through share transactions EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

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3 posters

    Government to probe billions of losses by NSB through share transactions

    sashimaal
    sashimaal
    sashimaal
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    Posts : 5785
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    • Post n°1

    Government to probe billions of losses by NSB through share transactions Empty Government to probe billions of losses by NSB through share transactions

    Post by sashimaal Fri Apr 10, 2015 4:21 pm

    The government is to begin investigations into the loss of billions of rupees by the National Savings Bank (NSB) due to questionable share transactions since 2011, said Finance Minister Ravi Karunanayake at a media briefing at his Ministry today (10 April).

    According to the Minister, a certain organized group with the connivance of a share broking institution has dumped shares into the NSB of certain companies held by them in 2011. This has made the National Savings Bank suffer billions of rupees in losses since then.

    The dumped shares include those from companies like Browns, Access Group etc.


    http://www.adaderana.lk/bizenglish/breaking-news-government-to-probe-billions-of-losses-by-nsb-through-share-transactions/
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    dhanurrox
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    • Post n°2

    Government to probe billions of losses by NSB through share transactions Empty Re: Government to probe billions of losses by NSB through share transactions

    Post by dhanurrox Fri Apr 10, 2015 4:28 pm

    Doesn't have much working days left. Very Happy Very Happy We can forget these and be happy.
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    serene
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    serene
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    • Post n°3

    Government to probe billions of losses by NSB through share transactions Empty Re: Government to probe billions of losses by NSB through share transactions

    Post by serene Fri Apr 10, 2015 4:37 pm

    Thanks Sash..
    So many Allegations but ????
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