Rs. 68 mn worth loans obtained from SMIB using forged documents
The COPE committee observed that in 2017, 47 people were involved in preparing fake documents and submitting fake information and obtained Rs. 68 million worth loans from the State Mortgage & Investment Bank.
This was taken into discussion during the Committee meeting held yesterday (23) on Public Enterprises (COPE) chaired by Prof. Charitha Herath to examine the Auditor General’s reports and current performance of the State Mortgage and Investment Bank for the financial years 2017 and 2018.
The officials present said that cases have been filed against the persons identified as debtors and that the CID is still investigating the matter. Disciplinary inquiries against the staff in particular to this matter is in process and disciplinary action against those whose investigations have been completed has already been taken, the officials further said.
The officials also stated that two external parties related to the said matter have been arrested by the CID and one of them has passed away. It was also stated that prompt action has been taken to obtain these loans, especially after the appointment of the new Chairman and the Board of Directors.