Former Air force officer files case against CBSL & Private bank over violation of COVID – 19 concession scheme

September 14, 2020 at 12:47 PM

A former Sri Lanka Air Force officer has filed a case at the Commercial High Court of Colombo against the Central Bank of Sri Lanka (CBSL), Attorney General, and a private Bank.

Nandana Dassanayake has cited the failure to properly implement the COVID-19 relief circular and FAQs, and charging of interest rates by the private Bank violating the published circular and CBSL explanatory guidelines.

The retired Air Force officer, who is currently employed at a private Airline in Vietnam, had faced difficulties in repaying the housing loan obtained from the private Bank due to the COVID-19 pandemic.

Dassanayake had thereafter obtained the CBSL loan concession introduced for those affected by the pandemic.

He pointed out that as per the CBSL guidelines, the private Bank was required to only charge interest rates and impose a fine as per the concession package introduced by the CSBL for the said period. H

However the private Bank had requested Dassanayake to pay the original interest rate and fine disregarding the CBSL circular.

Dassanayake further said as a result of this, he along with many others who had obtained the CBSL introduced COVID-19 concessions, have been forced to pay a large amount of money as interest rate and fine.

If the Covid19 relief scheme is continued it will be used as a gold mine for private banks, he added.

Nandana Dassanayake therefore, urged the CBSL to investigate and provide an explanation with regard to the matter. (NewsWire)