EPF IN NSB TYPE SCANDAL OVER ‘THE FINANCE’
Stealthy move madelast year under wraps
Reliable sources revealed to LAKBIMAnEWS that the Bank of Ceylon (BoC), the Peoples’ Bank (PB) and the Employees Provident Fund (EPF) have acted in cahoots to purchase shares worth Rs 344 million from crumbling entity, The Finance Company (TFC) last year. This comes in the wake of the National Savings Bank scandal involving TFC shares which resulted in the entire NSB board resigning last week.