Financial Fraud and Banking Violations
Posts reporting on the Central Bank's investigations into unauthorized financial activities and deposit-taking by unregistered companies. Coverage highlights regulatory enforcement actions and public financial sector oversight.
Nothing says "we definitely read the fine print" like discovering your investment company wasn't supposed to exist halfway through accepting everyone's life savings. The Finance Business Act really said "optional reading material," didn't it?
The Central Bank of Sri Lanka has determined that Singhe Capital Investment Limited accepted deposits from the public in violation of the Finance Business Act, No. 42 of 2011. Following an inquiry conducted by the Central Bank, the company and the individuals who served as its https://t.co/lTYAGAbRiG