News

$450 mln from Swiss Bank account holders deposited in local banks

13 November 2015 - 405   - 1

    Sri Lankan banks have received US$450 million in deposits from Sri Lankans and foreigners holding Swiss Bank account holders after the Government invited them to re-route their money here. In a media statement, Finance Minister Ravi Karunanayake said accountholders at Swiss banks were invited to deposit their money through the banking system in Sri Lanka, promising a return of 2- 3 per cent interest. The minister was quoted as saying that no questions will be asked from those who bring deposits into the country and further steps would be taken to ensure those deposits are legally safe in future. He has said there are some foreigners among the depositors including two Saudis and two from Qataris.  

  Comments - 1

  • Wilward Monday, 16 November 2015 08:52 AM

    So you legalize what previous regime did in secret. Why not you ask questions from them and why did they deposit this money elsewhere if they were earned here in SL legitimately. I am sure Ravi's money will also come back.

    Reply : 0       0

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