More Probing

Investigations into accounting irregularities at Pramuka Bank are gathering pace with the Sri Lanka Accounting Standards Monitoring Board and the CID intensifying their activities.
SLAASMB and the CID visited the bank today and questioned senior officials.rn

rnSleuths are said to have gathered information about the so-called parallel ledger that was operated after balance sheet date to post transactions, which were allegedly used to window dress the accounts.rn

rnThe bribery commission is also looking into the loan account of a top official of the Public Trustee department who is alleged to have received incentives to deposit funds in the bank.rn

rnIn yet another twist, unconfirmed reports also say that authorities have uncovered a 9 mm unlicensed automatic, 2 magazines and 38 rounds of ammunition inside the bank following investigations into a reported break-in at the bank.rn

rnA judgement on the case filed by the depositors against the Central Bank decision to close Pramuka is due early next