Tuesday 28 April 2015

BoC GM reinstated after compulsory leave

General manager of the Bank of Ceylon D.M. Gunasekara was reinstated yesterday (27) after being sent on compulsory leave.

His suspension has been annulled after the BoC employees union threatened to strike, alleging it was an authoritarian decision to suspend him.

Gunasekara has been accused of opening of a BoC branch in Seychelles without proper permission, making improper recruitment and over the releasing of money to Perpetual Treasuries for investment in the controversial treasury bonds issue of the Central Bank.

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