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Suspended

Dec 28, 2010 (LBO) - The Merchant Bank of Sri Lanka (MBSL) has suspended its chief executive officer for alleged misconduct, the bank said in a stock exchange filing.
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MBSL shares were trading at 47.40 rupees each, up 1.10, in mid-morning trade. MBSL's board of directors had decided to suspend the services of its chief executive A P G Karunathilake with effect from December 21, 2010, it said.
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The suspension was "pending an inquiry into certain acts of alleged misconduct," the statement said without elaborating.

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