Thursday, 14 April 2016 - 19:47
Only 3 accounts in the state bank established in Seychelles - reveals COPE Committee
It is has been revealed by COPE Committee, a state bank established in Seychelles comprises only 3 clients.
A member of the committee told our news team that a report has been requested from the board of Directors of the relevant state bank, with regard to the reasons why the state bank was established to cater to the three clients.
Meanwhile, an investigation conducted by the Finance Ministry has revealed that the relevant state bank was established in Seychelles in 2011, without adhering to the Central Bank regulations.
In addition the investigation revealed that the Central Bank had not consented to the establishment of this bank.
There are 64 Sri Lankans living in Seychelles holding Permanent Residency. This includes those attached to diplomatic service.
The ongoing investigation will look into the matter of misappropriation of local currency, through the establishment of this offshore bank.