Politician owned group among 10 entities yet to settle 54 billion to state bank

May 26, 2022 at 11:35 AM

The People’s Bank of Sri Lanka has reported 10 non-performing loans worth Rs. 54 billion, Tamil National Alliance (TNA) MP Shanakiyan Rasamanickam revealed to the media.

The MP said that the non-performing loans include Daya Apparel which belongs to former Minister Daya Gamage and Mendis Distilleries which is owned by Arjun Aloysius who is embroiled in the Central Bank Bond Scam.

MP Shanakiyan said as per a report of the Committee on Public Enterprises (COPE) Daya Apparel has taken a loan of Rs. 3 billion, while W.M. Mendis Distilleries has obtained a loan of Rs. 3.242 billion.

The Batticaloa District MP said the People’s Bank has informed that the non-performing loans have not been written off and that it is looking at ways to legally recover the loan payments. (NewsWire)