Sunday 18 December 2016

Sale of Seylan Bank shares by Sri Lanka state-run bank under scrutiny

ECONOMYNEXT - The sale of shares 13 million shares in Seylan Bank by state-run Bank of Ceylon is being probed by the government, a senior government source said.

The Seylan stock was 100 rupees, about 15 rupees higher than the market.

The government was looking into the matter to check whether proper board approval was obtained the source said.

The bank comes under state enterprises ministry.

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