April 10th, 2015
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.
