Independent Bank Employees’ Union swindling money

Thursday, 11 October 2012 

The independent group of the Lanka Bank Employees’ Union is involved in a financial fraud amounting to Rs. 5 million, sources from the union said.

The independent group was defeated by the progressive group of the union that was elected to office at the union’s election for office bearers. The former office bearers of the union had immediately taken out Rs. 5 million in the union’s account soon after the election.

The progressive group that had won at the election had complained to the CID about the alleged financial fraud saying the monies had been taken out illegally. The independent group still occupies the union’s head office on Temple Lane in Punchi Borella although the progressive group had been elected to office. The progressive group had complained to the police about the matter. The police however have asked them to resolve the matter before court.

The Lanka Bank Employees’ Union at one time managed to win many benefits and rights to the bank employees. However, once the union split into two factions – independent and progressive – the situation changed. The independent group that earlier held power of the main union body worked in support of the government, which resulted in the bank employees losing various perks and benefits that were entitled to them.

Head of the independent group, Sha was appointed as the Chairman of