Breaking News: Sri Lankan government suspends General Manager of key state bank
Apr 06, Colombo: The government of Sri Lanka has suspended with immediate effect, the Bank of Ceylon (BoC) General Manager D.M. Gunasekera.
Finance Minister Ravi Karunanayake said the BoC General Manager was suspended for many reasons which include the allegation of misuse of power and corruptions.
The Bank of Ceylon in 2011 has reportedly opened up a branch in Seychelles without permission from the Central Bank of Sri Lanka. According to reports, the Central Bank was probing the reasons why a BoC branch was set up in the Seychelles when there were only about 64 Sri Lankans living in Seychelles.