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Friday, 25 May 2018 - 18:05
Depositors charge Muthukaruppan Chettiar acquired using ETI money
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The depositors of ETI Finance charge that the ETI Director Board has acquired Muthukaruppan Chettiar using their deposits.
 
The ETI depositors say, however, that the ETI Director Board is trying to show it as a separate entity.
 
They pointed out that ETI Finance and Muthukaruppan Chettiar have the same Director Board which included Nalaka  Edirisinghe and Jeewaka Edirisinghe.
 
The depositors said that the ETI Director Board is responsible for their deposits.
 
They charge that the ETI Directors have acquired other institutions using their money.
 
The depositors urged the government to intervene to acquire Muthukaruppan Chettiar and settle their deposits.
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