Letters

Baseless accusations The members of the Ceylon Bank Employees Union staged a protest campaign opposite a bank building last week to show their displeasure to the government regarding the new appointments to the three state banks. Being an ex-member of the CBEU who had obtained its membership in 1970, I wish to state very responsibly that after the 1972 Constitution all appointments to the state sector institutions (including state banks) were made on political ground. Although, on few occasions examinations were conducted by the Department of Examination on behalf of the state banks to...
Right of reply According to the article titled 'Cabraal the failed CB Governor' published on page 5 of the Daily News of July 2, 2015 by Piyadasa Guruge, even the Auditor General had not made disclosure of the transfer of Rs. 25,000 million to the Treasury to cover the budget deficit, in the audit of the financial statements of the Central Bank of Sri Lanka for 2013, despite the Central Bank of Sri Lanka incurring a massive loss of Rs. 35,761 million in the 2013. The position is erroneous. This matter was very clearly disclosed in the Report of the Auditor General on the financial statements...
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