(March 23, Colombo, Sri Lanka Guardian) The Central Bank is responsible and legally bound for the monies of depositors of private finance companies and to pay it back, the Supreme Court ruled today.The Supreme Court made the order granting leave to proceed on 22 fundamental rights petitions filed by Golden Key depositors.
The petitions had requested the Supreme Court to declare that the Central Bank has a responsibility to pay back the monies of depositors of the Golden Key Finance Company.
The petitions had cited the Central Bank, Finance Minister, the Golden Key Finance Company and 17 others as respondents. -Sri Lanka Guardian
Home Unlabelled CB has a responsibility to pay depositors -SC
CB has a responsibility to pay depositors -SC
By Sri Lanka Guardian • March 23, 2009 • • Comments : 0
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