The Central Bank on Tuesday announced a list of firms that were mobilizing public funds without Monetary Boards consent.
Naming these institutions is part of the banks efforts to warn depositors not to part with their funds in un-regulated institutions.rn
rnThe warning list includes: Common Investment Finance Co; D J Finance Co; Economic & Rural Resource Development Foundation & Bank Services; Help Green (Pvt) Ltd; Hiru Investment & Financial Services (also known as Hiru Investment Corp. Ltd); Human Develop Investment & Financial Service (HDI Bank Service); Janahitha Business Promoters & Investments (Pvt) Ltd.; Jana-Shri Financial Corp; Kaido Leasing Corp; Lanka Capital Development Corp.; National Inland Resources Development Trust Fund (also known as Savings & Development Services); Panadura Finance & Enterprise Ltd.; Resource Enhancement & Nation Development Company; Sedant Financial Services; Srilak Development & Investment; Society of Rural Enterprise Development (also called Rural Investment & C