Not Genuine

Pramuka Depositors have protested to the Monetary Board that no genuine effort is being made to restructure the failed bank and demanded that immediate positive action be taken.
Depositors writing through their attorney said Central Bank is still not giving sufficient information to come up with a new restructuring proposal.rn

rn”I am instructed to state that the conduct of the Central Bank Governor and officials of the Central Bank in this regard clearly demonstrate the absence of a genuine and positive intention to canvass and facilitate a restructuring of PSDB, given that (obviously) no one would be expected to even express an intention without the essential information being made available,” the attorney for the depositors wrote.rn

rnDepositors also complained that their representative K C Vignarajah was not consulted, as was agreed with the Supreme Court and the deadline of September 10 given in a recent Central Bank advertisement was also too short.rn

rn”I am instructed to state that the af