People’s Bank, BOC, BoI Director Boards dissolved

(FASTNEWS|COLOMBO) – The Boards of Directors of the People’s Bank, Bank of Ceylon (BOC) and Board of Investment (BoI) have been dissolved by President Maithripala Sirisena with effect from midnight Wednesday (17).

The decision has been taken after considering the irregularities that have allegedly taken place at these institutions.

Accordingly, separate investigations will commence over the alleged misappropriations that have taken place in these institutions.