Probe into Lankaputra bank disbursements under political pressures during Rajapakse era concluded; whopping Rs. 2000 million misused !

(Lanka-e-News -07.Jan.2016, 11.30PM)  The highly politicized Lankaputra development bank under the Rajapakse regime which released payments  owing to pressures exerted by various politicians was the focus of investigation  of  the FCID. The investigations into the disbursements  amounting to a whopping Rs. 2000 million has been concluded by the FCID , and the report thereof has been forwarded to the Attorney General’s (AG) department. 

The investigations have revealed that this huge amount of Rs. 2000 million approximately had been released without following any methodology to 14 parties which include individuals and establishments, and copious  information on how these monies have been misused has been unearthed. 

A State bank releasing monies owing to the pressures exerted by politicians is a very grave crime .Specially these monies have been granted as loans and there is cogent evidence that they  have been used for the political activities of the politicos. When probing whether these monies were genuinely used for the purposes they were granted , it has come to light although most of them were taken as loans , those loans have been used for political purposes. 

In the circumstances , cases are to be filed against the borrowers who misused the loans  , and the officers who granted the loans . Misuse of State funds is a non bailable offence.

The FCID has recorded evidence of Bank officers , borrowers and a number of parties . The investigation has also been focused on the illegal lending of bank funds  by its officers 

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by     (2016-02-07 20:39:51)