Tamil Tigers pay of public debt

Chief Regulatory Officer at CSE Renuke Wijayawardhane presenting the listing certificate to Executive Chairperson at Renuka Hotels Shibani Thambiayah

Tamil Tigers said Monday that they were repaying part of funds raised via public to fund their Ealam struggle. Tamil Tigers said Monday that they were repaying part of funds raised via public to fund their Ealam struggle. The LTTE’s Finance Division did not disclose how much of public debt they had borrowed from people of Jaffna, Mannar, Mullaithivu and Vavuniya.

Starting Sept. 17, the Tigers will pay off debt in Jaffna in stages since Colombo signed a truce with Kilinochchi in February 2002.

LTTE Finance Division issued certified bonds to individuals from whom it borrowed money for the ‘Fund to Liberate the Soil’, the pro-LTTE website TamilNet reported.

Finance Division of the Tigers says the public should produce the certified bonds and identification papers in order to recover the funds.

The Tigers’ also released the names of 2,837 persons in Jaffna, 40 in Mannar, 82 in Mullaithivu and 41 in Vavuniya who would be repaid from next week.

The highest number of borrowings was in the Nallur Division of Jaffna – 386. Lowest was in Pachchilaipalli – 19.

The Central Bank of Sri Lanka has denied on several occasions the existence of Tiger banks nor debt paper.