Chairman who tried to rescue NSB made to resign : Nalini is new chairman
(Lanka-e-News -04.June.2013,10.30PM) Mr.Sunil Sirisena , the chairman of the National savings Bank (NSB)has resigned from his post yesterday. The former general Manager of the Bank of Ceylon , Ms. W A Nalini is to appointed in his place , based on reports.
The reason for Sunil Sirisena who was appointed as chairman on 13th August 2012 to resign his post even before a year has elapsed is because he opposed the move of the government which is trying to make a sacrifice of the National savings bank for a loan of US $ 100 million or Rs. 10 billion. He had pointed out that the NSB cannot stand guarantee for such a loan , and the Bank’s liability will go over the limit. Outcome : he had to tender his resignation. Sirisena is a senior member of the administrative service. The new chairman Nalini on the contrary has been named as a corrupt individual by the highest court in SL , the supreme court itself . She had received her education with the Finance Ministry secretary , D.B Jayasundara.
Wednesday, 05 June 2013
Leader Publications Pvt Limited had taken a Rs. 26 million loan from Seylan Bank using the company’s land and building as collateral and the failure to properly pay the monthly payments has now resulted in the bank informing the company it would take over the land and building.
(Lanka-e-News -04.June.2013,10.30PM) Mr.Sunil Sirisena , the chairman of the National savings Bank (NSB)has resigned from his post yesterday. The former general Manager of the Bank of Ceylon , Ms. W A Nalini is to appointed in his place , based on reports.The reason for Sunil Sirisena who was appointed as chairman on 13th August 2012 to resign his post even before a year has elapsed is because he opposed the move of the government which is trying to make a sacrifice of the National savings bank for a loan of US $ 100 million or Rs. 10 billion. He had pointed out that the NSB cannot stand guarantee for such a loan , and the Bank’s liability will go over the limit. Outcome : he had to tender his resignation. Sirisena is a senior member of the administrative service. The new chairman Nalini on the contrary has been named as a corrupt individual by the highest court in SL , the supreme court itself . She had received her education with the Finance Ministry secretary , D.B Jayasundara.
Bank to take over Leader land and building
Wednesday, 05 June 2013 Leader Publications Pvt Limited had taken a Rs. 26 million loan from Seylan Bank using the company’s land and building as collateral and the failure to properly pay the monthly payments has now resulted in the bank informing the company it would take over the land and building.
Former Chairman of the Leader, Lal Wickrematunge had taken the Rs. 26 million loan from Seylan Bank. However, the bank is yet to be paid back a sum of Rs. 18 million. Lal Wickrematunge sold the company to businessman Asanga Seneviratne last September and the monthly installments of the loan have not yet been paid. Therefore, Seyaln Bank has informed that it would have to take over the assets.
Asanga Seneviratne’s Leader Holdings brought over Leader Publications with the promise of paying all the outstanding dues of Leader Publications. However, Leader Holdings has failed to pay the installments of the Seylan Bank loan.
Although Asanga Seneviratne had promised to pay Rs. 100 million personally to Lal Wickrematunge, he had so far paid only Rs. 50 million. Out of that Rs. 50 million, Lal Wickrematunge had to pay Rs. 5 million to former editor of The Sunday Leader newspaper, Fredrica Jans as brokerage for the deal.
Upon being informed of the red notice sent by Seyaln Bank, Asanga Seneviratne has asked whether he could sell the company. Seneviratne has said that he had to spend Rs. 3 million monthly for the operations of The Sunday Leader and Irudina newspapers.
“I have gotten myself into a real mess. Even after doing all this I get scolded,” he has said. However, informed sources say that out of the Rs. 200 million given to Seneviratne by the President as a loan from a state bank, only Rs. 50 million has been invested in the Leader Company. He is yet to invest monies that were promised by him to improve the company’s productivity.
Seneviratne has also said that he has no connection to the loan taken by the Leader Publications from Seylan Bank. The loan request was signed by Lal Wickrematunge and the then Finance Director.
According to Seneviratne, his obligations are to Leader Holdings and that the Leader Publications directors should look after the Seylan Bank loan.
