Tag: Finance Minister proposes to appoint an ombudsman for property auctions of banks

Prime Minister and Minister of Finance, Mahinda Rajapaksa emphasizes the need to appoint an authorized person to look into the process of property auctions carried out by the banks due to defaults. The Prime Minister pointed out that it is essential to look into the reason for the auction and the financial history of the borrower before the auction. The premier has pointed out the need […]