[ad#200×200]The Central Bank has deemed that the following six organizations and individuals are engaged in fraudulent financial operations: Okanda Finance (Private) Ltd, Sakwithi Ranasinghe (House Construction Pvt. Ltd) , Piyadasa Ratnayake, Nadini Finance (Pvt.) Ltd, D.K Udayasiri and Sriyawi Homes and Lands Investments.
According to the Central Bank notice these individuals and institutions are not authorized to conduct finance business by accepting money from the public as deposits or in any other form and the lending of money on interest and/or the investment of money in any manner.
The announcement came in the wake of the massive cash swindle of the English tutor popularly known as Sakviti Ranasinghe who has now fled the county to India, according to reports.
The Central Bank has also named two individuals who are engaged in fraudulent financial activities among the six listed companies; Piyadasa Ratnayake of Hungama and D.K.Udayasiri of Kurunegala and Kiribathgoda.
Meanwhile investigation into the fraudulent finance institute run by ‘Sakvithi Ranasinghe’ has revealed that about 4100 people were registered on the list of this bogus financial institute, together with their deposits.
Quoting police sources local media reported that so far the police have received more than 500 complaints and the number is rising everyday at the rate of approximately 200 complaints daily.
-News.lk-