Funny Money

Sept 26, 2008 (LBO) – Sri Lanka’s central bank has named six entities as illegally taking money from the public and engaging in lending or investment activities, including a recently collapsed firm. The central bank said Okanda Finance (Pvt) Ltd of Waidya Road, Dehiwela, Nadini Finance (Private) Limited of 17, Reality Plaza, Colombo Road, Ja- Ela. D K Udayasiri, of No. 412/2, Gala Junction, Kandy Road, Kiribathgoda and Wedisinghe Complex and Puttlam Road, Kurunegala, Sriyavi Homes, Lands & Investments at No.283, Negombo Road, Dandugama, Ja Ela Piyadasa Ratnayake alias ‘Daduwam Mudalali’ of Gurupokuna, Hungama were operating unauthorized finance businesses.

The notice also named Sakwithi House Constructions (Private) Limited of No. 8, Nawala Road, Nugegoda, whose owner has already fled the country.

The central bank had recently raided the firms to examine their books.