ECONOMYNEXT – Sri Lanka’s Central Bank has barred Marlon Fernando International Forex Exchange Unit Pvt Ltd and Kurukulasooriya Firmie Marlon Fernando from taking new deposits, and repay all remaining deposit liabilities. After an investigation conducted under Section 42 of the Finance Business Act No. 42 of 2011, the central bank said it determined that the company and the individual have accepted deposits in contravention of the Act. Accordingly, the Central Bank of Sri Lanka has directed above mentioned company and the individual; (i) not to accept deposits from the public by issuing promissory notes or in any manner; and (ii)…
Sri Lanka regulator halts deposit taking by Marlon Fernando forex unit
Published in News
More from NewsMore posts in News »
- Restoration of Northern, Talaimannar railway lines begins
- Education reforms should suit the country, not the JVP: Namal
- Bride and groom among 8 killed in gas cylinder blast at Pakistan wedding
- Four arrested over alleged Grand Pass shooting plot
- Sri Lanka’s China-backed Hambantota Port eyes 2mn box capacity after 700-pct growth