(LBO) – Sri Lanka People’s Merchant Finance, a subsidiary of People’s Bank of Sri Lanka said it removed the Chief Executive Officer and director of the company following a directive of Monetary Board.
The company said, that in term of section 25(1) (h) of the Finance Business Act, the Monetary Board has directed the company through a letter dated 4th June this year to remove Govindasamy Ramanan from the post of Director and the Chief Executive Officer of the company on the same day.
The company said, that in term of section 25(1) (h) of the Finance Business Act, the Monetary Board has directed the company through a letter dated 4th June this year to remove Govindasamy Ramanan from the post of Director and the Chief Executive Officer of the company on the same day.
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