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Fri, 25 April 2014 03:02:23
Sri Lanka central bank names illegal financiers
26 Sep, 2008 08:42:11
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.

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READER COMMENT(S)
4. Lakshman Dalpadado Oct 14
Well said Nathan!
....And how many suckers are there?

Well.. count the number of people streaming out of Temples, Churches, Mosques and Devales... add together and you have a rough idea!

3. God Oct 04
Scammers are always one step ahead of the regulators. The individuals who work at the regulatory authorities are incompetent intellectuals who couldn't find good job else where. At most times, they are lethargic or clueless of what's going on.

It is no wonder that the general public gets scxxxxx all the time !

2. Nathan Sep 28
There is a saying "a sucker is born every minute"! In sri lanka, suckers are born every second and fraudsters know this and prosper. Though central bank was warned earlier by COPE, it failed to act - until this Sakviti Scam.
1. KPM Sep 26
Would anybody in their right minds ever invest money with a man known as 'Daduwam Mudalali'? (direct translation to English - punishment trader)

It's the kind of name you could associate with a chap who owns a shop in the dodgy part of Amsterdam.

But jokes aside, its a good thing the Central Bank has published this. All this time I thought Okanda Finance was legitimate!