Sanasa Depositors Issue
Sanasa Depositors
Depositors of the Gampaha District SANASA Bank staged a protest today in Colombo alleging the bank administration has committed fraud to the tune of Rs. 750 Million.
Gamapaha District Sanasa Society former Deputy General Manager and five former Directors were arrested in connection with an alleged misappropriation of over Rs.708 million belonging to the Society, Police said.
The former officials were arrested in connection with a decision to grant loans amounting to over Rs. 708 million belonging to the Gampaha District Sanasa Society to a private company between 2011 and 2016, the Police said.
Around 765 depositors took part in the protest and one of them said deposits were made at the bank so they can use the money for emergency situations. The depositors were given an opportunity to meet with an officer from the President’s Office and following an appointment being fixed for another meeting, the protest was called off.
The arrest was made following the investigations carried out by the Financial Crimes Investigations Department (FCID) of the Crime Investigations Division (CID) in Minuwangoda, Gampaha, Kotugoda, Wattala, Badalgama, Kotadeniyawa areas on July,10.
The suspects were aged 55, 62, 65, 75, 81 and residents of aforesaid areas. They were remanded till July 14 after being produced before the Gampaha Magistrate’s Court.