29 November, 2022

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Massive Fraud At Sampath Bank: Millions Of Rupees Siphoned Off By Manager And Partners In Crime: Media Hushed Using “Advertising Power”

The scam appeared to have begun nearly one and a half years ago. The victims of the fraud say their cheques and the slips amounts were manipulated and balances were added as Over Drafts (ODs). The fraud came to light when their accounts were audited last year.

Criminal Investigation Department, on 15/01/2019, arrested the suspected bank manager and the other individual and presented them before the Kaduwela Magistrates’ Court. The Magistrate remanded the manager and the other individual for 14 days.

“The auditors had reportedly noticed the inconsistencies in the account, but initially could not figure out what the problem was. Following a thorough process, the auditors were able to identify suspicious transactions on their books and mismatches on their slips and cheques. The victims of this fraud are a group of businessmen in the area including a vehicle importer and an electrical contractor and an electrical shop owner,” a source familiar with the matter told Colombo Telegraph.

The bank manager has, with the help of a regional manager Sampath Bank and the present Manageress of the Thalahena Branch, have debited the account of a customer who is an Ayurvedic physician and made bank transfers to 21 persons who were completely unknown to the customer.

“This is the first time in the banking history that a bank has committed a fraud on a customer,” a banker told Colombo Telegraph. Our sources said there would be criminal liability on the directorate of Sampath Bank.

When the bank manager and another recipient of the cheated money were produced before the Kaduwela Magistrate, journalists from all main media stations have been present at the Magistrate’s Court premises covering the story. However, Sampath Bank, one of the biggest advertisers in the country, presurrized media into not running the story.

When the victims inquired from their bank branch in Thalahena about these fraudulent transactions on their accounts, the branch manager had described it as a “glitch” in the system. Moreover, he had assured them that it would be fixed soon.

The manager had apparently approved ODs for the complainant physician up to Rs 125 Million with no security and no proper application or evaluation of such application, and withdrawn cash. He had then transfered money to people chosen by him and later converted them into loans.

“There is evidence that some of these ODs were approved on bank holidays. Some ODs were approved for accounts opened under victims’ spouses with or without their knowledge. These staff members of the Sampath Bank have been operating a lucrative private bank within the bank, siphoning money off their customers. In order to entice the customers, they have approved overdrafs to such vulnerable customers with no security. In such dubious circumstances some of the customers have allowed the manager to withdraw further funds from their accounts,” our sources added.

A couple months ago, when the manager was transferred to another branch, the victims of the fraud had started receiving letters from the bank asking them to settle those dues, which they never obtained. When the victims complained to the bank, the bank officials had not taken their concerns into consideration. In fact, a senior official at the bank had informed one of the victims in writing that nothing illegal had happened as per their regulations.

It was at this point that the Physician had sought the assistance of the Criminal Investigation Department. After a prolonged investigation, the CID was able to uncover the extent of the fraud. During the period, some victims had even received threatening calls. During the investigation, it was revealed that the fraud was an organized crime.

The victims also claim that the Central Bank of Sri Lanka was in a deep slumber while Sampath Bank was siphoning off the customers’ money.

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Latest comments

  • 63
    27

    If anyone knows the history of the Sampath bank founder this is not a surprise
    The cancer is spreading from Parliment.Hospitals..Air Lines and no Banks.
    Mahavamsa fans love robbing but don’t know how to escape.

    • 32
      19

      Surely, Rajapakshes would send the message across making the current govt should be responsible for this crime too.
      :
      I wonder why the kind of crimes can easily be progress in this country. These men are shameless buggers. If the law would be that rigorous as is the case in SPORE, the levels of the theft would have been minimized.

      • 24
        3

        Why SRILANKAN people compare Srilanka to SINGAPORE.
        SINGAPORE is not a 3 rd world country.
        Why everyone from Sri. Lanka coming to Singapore for medical treatment?
        There are so many Hospitals & gr8 doctor there too, no?

        • 6
          2

          Suresh,
          .
          1. A valid question – may well, be SINGPORE is the only country being visited by SRILANKENS easily. It s population is not even to that of SL, but people compare it.
          Why I did so is connected with my knowledge on the singapore-law and order. They are rigorous as no others. Germans and european police react the same manner. However, lankens have lot more info about Singpore.
          .
          2. Yes, Spore is not in 3 rd world, but its standards are considered as top here (comparision on the scale).
          .
          3.Not everyone but few hundreds of rich lankens abusing statefunds or their own money, they get treatments by travelling to S pore.
          .
          Medical profession in our home country (SL) is now turned out to be the worst. GMOA dogs are the most obsequeous corrupted men to Rajapakshe Criminal net work.
          :
          Like the donkey took over the duties of the dogs (sinhala saying), leaving their duties, SO CALLED doctors who got their degrees thanks to lanken tax payers, abuse the patients today. This is VERY AGAINST the teachings of buddha. Repay is set on the top of characteristics of the buddhists in general, but GMOA dogs have turned out to be DIRTY pigs today.

        • 9
          2

          Suresh ! simply,
          Unfortunately , Due to wishful thinking of some of the Pseudo Srilankans who got ” RICH BY SWINDLING STATE WEALTH” they compare Singapore to Shithole SL.
          . They have ” STOLEN KUDOS ” from the poor people of SL , to spend in Singapore Hospitals because they don’t TRUST THE GrADE 8 Docs.
          SL do have GR 1 Private hospitals , yet the Docs and Nurses are
          GR 8 SRILANKANS ( majority)
          The ones who runs to Singapore Hospitals are from the above NEWLY RICH class , Like the Politicians , Nayake Theros , and the Business community in fear of being killed or life shortened by the GRDE 8 MEDICS in Apeh Aaanduwe!!
          This explains .

      • 7
        1

        LEELAGEMALLI
        Because Of INBREEDING / INCEST/ ALL RELATED TO ONE ANOTHER , BREEDING SLUGS , THIEVES , MURDERERS AND DRUG BARONS.
        YOU can see them all at a wedding , the ENEMIES HUGGING each other . That proves my point.
        There’s lot of inbreeding , so does the FRAUD , MURDERS, THIEVING is swept under the Carpets.
        If one opens the mouth to EXPOSE ONE, the power and murderous thuggery would be in Action.
        Do you think there’s a way out from this SHITHOLE FROM SHITTERS??? NO!

        • 1
          1

          Analyst@.
          .
          What is being lanken air – is what people follow, nothing else.
          :
          Meaning MEDIA mafia is the root cause for lanken people not to focus on the FACTs.
          :
          Stents and number of medical drugs and their prices have gone down during the last 4 years – as no times before. Tremondous progress is being made byHealth areas, but to hurt MINISTER of HEALTH (i am neither supporter of him nor any others), one of my friends had to face health difficulties. He di not know stents priices were today cheaper.
          Infos are being blocked by Rajakashe mechanims preventing them being passed to rural corners.
          .
          Lanken MEDIA MAFIA run by Pro-Rajapakshe media Mudalalis are even DANGEROUS than drug trafficking kin pins.:
          .
          Why not JVPrs take the lead against MEDIA mafia ?:
          :
          The reason behind is – the fears NOT being able to FACE MEDIA mafia, it has become the BIGGERST disaster in tis country today.

    • 3
      2

      cholan

      Link not robberies to our Mahawama.

      It has nothing to do with your jealousy, anger & stupidity.

      The world knows clearly about bank robbers & drug dealers to raise funds.

      • 4
        7

        We laugh about your fake ..comic book Mahavamsa.
        Do you know what is this founder of Sampath Bank did to a Colombo based British bank then and swallow it?
        Do you know the founders of Elephant House and Cylinco House were Burghers?
        Can you name one Sinhala owned business to succeed because of hard work?
        Where is Upali Group ..Dasa Group…? Maharaja organization is still flourishing.
        You need the brain and hard work, not political patronage
        What is that?
        Lion mate with a Princess so a baby born named Sinhabahu.
        He He He keep on believe this.
        There is a saying rob but never get caught you need the brain for this
        This is a popular advertisement of “Audemars Piaget “luxury watch.
        “To break the law you must master in this first.”
        Cheers

        • 2
          2

          Steal the bank first and Then the country. Greater the robbery lenient is the law. Go on…………………………………………..

        • 1
          0

          Oh honey, you are so racist and closed minded. well if you want I can give you a report full (including photos) of evidences how maharaja is bribing UNP ministers and what he has done and doing and will be doing. Do you really think that he succeeded only by his hard work? That is the biggest joke ever. all businesses have to work hard anyway to build the business regardless of political power. Including tamil, muslim, Sinhala.
          There are many national, international banks who robbed money of customers and this is not the first time and don’t make dramas out of it.
          Regarding the Mahavamsa story, your insult to this book says clearly who you are, what your religion taught you and how you are raised by your uneducated parents as well as how uneducated you are.
          If you know a little bit of history, educated Sinhala people rejected Mahavamsa because it was written by a person who supported bloody Indians group (same like LTTE) who tried to destroy the country. So if you meant that, yes it is a comic book written by stupid Indians like supporters of stupid LTTE.

      • 7
        1

        This comment was removed by a moderator because it didn’t abide by our Comment policy.For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2

        • 5
          2

          lankan

          “Cholan is a tamil bastard he has forgotten central bank was robbed by Arjuna Mahendiran Tamil bugger. “

          Please take your family disputes to your kitchen table and sort it out there.

          How did Arjuna Mahendiran Tamil bugger rob the central bank while you have a huge security apparatus guarding the entire country with extraordinary vigilance? Do you know the total value of the loot?

          By the way did Cholan bugger you for bugger means “a person who penetrates the anus of someone during sexual intercourse” or were you fantasizing about Cholan?

          I am sorry to bother you with my penetrating questions.

        • 1
          3

          Your Murderpakese entire family robbed this cursed country.
          We don’t care.
          In Seychelles, only 240 Sri Lankan people are living but a Bank of Ceylon branch was opened even without the knowledge of the Chairman of the bank.
          Do you or any Modayas know what exactly this Bank of Ceylon was doing?
          When Sinhala Gabraal rob we don’t care we only care when problem arises because of Non-Sihala managers.
          BTW are there any Tamils at Foreign Ministry?
          Cheers

        • 1
          2

          Lankan.
          Was it on behalf of the Sihalese? He was and is a Sinhalised Tamil.
          Not that there are no Tamil Rogues.

    • 9
      2

      What do you mean Mahavamsa fans love robbing? Are there no Tamil thieves? Do the names Mahendran, Savundranayagam……. mean anything to you?

      • 3
        8

        @ Taraki

        Do you know why others call your race Modayas.?
        Even in this 21st century you still believe the fake comic book Mahavamsa which has not an ounce of historical or scientific pieces of evidence

        Cheers.

        • 4
          2

          Cholan how can we be modayas when the Tamils have gained nothing since 1948? Not even real equality. So who are the modayas? You had passive resistance, strikes, terrorism, even a Tamil Eelam Airforce, still nothing. Oh but you defeated the fourth largest army in the World, didn’t you? Ha ha ha, Cheers Cholan .

          Tamils quote from the Mahvamsa about Tamil kingdoms when it suits them, but when it doesn’t suit them they call it fake. These arrogant bastards imagine their Tamil brain is superior. So at the end of the day, who are the Gon demalas?

      • 6
        4

        Taraki

        You forgot the highway robber Utuwankande Sura Saradiel, …………….. all of them later rebranded as being nationalists, patriots, smart patriots … including Mahindawamsa, …………

        • 2
          1

          Native Vd, I was giving examples of Tamil crooks, why would I mention Saradiel? Have I omitted you?

          • 2
            2

            Taraki

            Like other Sinhala Speaking Demelas, I thought Saradiel, Puran Apu, Rajapaksas, Weerawansas ……………. too share Tamil DNA.

            Yes you have omitted me, because you never provide a list of honourable, principled, …. persons. Either you support the crooks, criminals, murderers or mention crooks, criminals, murderers because you cannot think right, think goodness of people, ………. there is something called humanity beyond your bigoted view of this island.

            You seem to express your concern for the upcountry hard working Tamils. What are you doing about their working condition, wages, quality of life, ……………. ? When you get a chance get rid of them. You need not to care once they are out of this island.

    • 3
      0

      The only way to avoid this kind of fraud is to keep an EYE on your statements by yourself.
      When one has multiple accounts in multiple Banks with Billions of Rs.. Face the consequences.
      Of course they have their own Accountants and Auditors.
      If the same Accontants and Auditors managing the fraudsters Accounts ? , Alarm Bells should Ring!. what will be the outcome of the Bank balance?? COOKED UP???
      CAN YOU TRUST THE ACCOUNTANTS AND AUDITORS TOO FROM THEIR FRAUDULANT ACCOUNTING??? . Double crossing???

    • 2
      0

      The founder was NUJ. He was the governor of Central Bank from where he started his activities it appears. Initially ‘Sampath’ was started as a Sinhala Buddhist Bank. Half way through they had difficulties,If I remember right and was re-structured there by escaping the wrath of the customers. Now Again…………
      There was another Bank by the name of PRAMUKA who closed faster than they opened leaving some customers at lurch. I am not sure of the position now. It was the Sharks that played out it appears.

    • 0
      3

      Cholan,

      These Sampath Bank criminals learned the art of stealing from Mahinda Rajapukse. …

      Mahinda Rajapukse siphoned $800 million of Tsunami funds in the same way from Helping Hambantota to his personal bank accounts.

      Willie Gamage and Mahinda Rajapukse invented this mysterious art for next generation of Sinhala Buddhists.

  • 9
    27

    I think the Sampath Bank went bankrupt even during the Mahinda Rajapakse govt’s time. So, may be the politician appointed their henchmen who is going to be a thief. Hob about SB DISSNAYAKE siphned off Rs 13 billion of from Samurdhi bank. Ranil kept as he doe snot know it. Now wimal Weerawansgha says I want the Samurdhi bank what ever the ministry that work in. Ranil TWUCW appointed his Management and directors to the Sri lankan air lines. He got a humongous SWISS BANK loan for them. Even then they do not know what to do. Plnaes stading aside in the hangers and they pay millions per month lease. Sri lankan airlines is losing RS 40 million a day to pay RS 500,000 Air hostesses and RS one million the upper management per month. Just the way, PENTH
    OU
    SE RAVI did Sri Lankan air lines also had an advertisement in a Magazine to say They are the best last year.

    • 32
      7

      JD – You are Just-a-Donkey. Try and improve your command of the English Language or get lost from these columns!

      • 25
        4

        @Mike, hahahaha fantastic comment my friend. This bugger JD is a mutt!!!

      • 1
        1

        True Mike, don’t you think that these columns should also know better than to publish these comments in cockeyed English of such donkey’s.

    • 0
      0

      When we criticize we should have a solution. What us yours…who is thebest personto run the airline? Dont say emirates coz no one praised them when tgey were RUNNING the airline?

    • 1
      3

      What else possible if management is given to Modayas.
      Go and learn from Singapore Airlines, no race-related appointments there.
      Even once bankrupted AirAsia is in top today how?
      Wrong people in the right place.
      Even a foreign Tamil pilot was attacked by Sinhala pilots in Your Modaya managed Sri Lankan Airlines.
      There are 100s of Non-Sinhalese Airline professional but no place for them by these racist governments.
      Cheers

      • 0
        0

        How has the Estate labour been cheated once again?

  • 19
    8

    Confused customers.com
    What else the fraudsters are in big places with the backing of the bigfish.com
    This is an incurable disease called ” fraud” in every walks of life in Apeh Aanduwe.
    Never mind , go and give a “Dane” to the other go getters in yellow robes?
    Everything will be pardoned!!
    Donkeys of Srilanka.

    • 28
      16

      Kill on Friday , Rob on Saturday , SIL on Sunday to the fat Mahanayakes.
      Sadhu! Sadhu! Sadhu! Blessed by the vultures in yellow , Hi Presto the door to heaven is opened to the SINNERS.
      IDIOTSSsssss.

  • 17
    6

    When ruler of law is gone.
    All gone now.
    No respect to judiciary .
    Now all pay the price .
    Sri Lanka soon will be another bankrupt country .
    If not middle remittance it would have been already

  • 22
    4

    If the President past and present can do it why not every one else?

    • 3
      1

      Rajash

      It appears your prime minister Theresa May is struggling with her backstop. You should invite Dayan Jayatilleka to find political as well as practical solutions to the Brexit dilemma.

      He is the only one who is capable of dealing with problems, which need to be exacerbated, …. in case if the Brits need a religious war in Northern Ireland.

  • 1
    0

    Dont get upset guys. This is the natural process of evolution of Sri lanka. Only we are 71 years since suddhas left more to come. Be patient.

  • 24
    24

    Sampath bank as how I know is a racist bank. All letters, correspondences and notices are in only Sinhala. (But other banks correspond in all three languages.)

    • 4
      4

      They have a Sinhala Buddhist hire only policy too. Shame on them.

    • 6
      1

      Not correct; I correspond with the bank in English, and they respond in English…please check your data prior to casting accusations;
      This is no defense for the fraudsters as alleged in the article, but regarding correction of this statement alleging the bank corresponds only in Sinhala.
      As to the Bank being racist, I say that All / Each of us have these biases within, so it becomes necessary to become aware and make a disciplined stand against our biases (whether racism or otherwise) when it becomes identifiable.
      Thank you.

    • 3
      1

      Blabla,
      This is wrong. They respond in the language of your preference.

    • 2
      1

      Tamil liar.

    • 0
      4

      But shareholders money from Tamils is accepted.
      Why the hell this bxxxxxd bank allowed to operate in North East?
      Cheers

      • 3
        1

        Cholan, That’s right. Tamils need somewhere to deposit their loot. North East is part of Sri Lanka, you really must stop smoking those funny cigarettes.

  • 38
    10

    Story looks a bit exaggerated. This is not the first time such a fraud has happened in a bank. Such frauds happen all the time in all banks. The Police records will show.Banks have insurance cover to cover them. Considering Sampath banks capital resources the amount appear negligible.

    • 3
      0

      A source familiar with the matter told Colombo Telegraph”.I wonder can we rely on such kind of information from so called “familiar sources” when a case is in progress related to the scam. 

      Its just boosting an incident with out obtaining accurate information from reliable sources. Think media must be more responsible when reporting incidents with figures or the public will be left to decide that this is also a paid advertisement.    

    • 1
      0

      “Such frauds happen all the time in all banks”

      So you say its a normal thing.

      I too have a friend who sees every thing as normal. But when he is the victim then he says things are not normal.

  • 0
    0

    Very alarming to see this. It’s an eye opener to banning industry.

    Tighten controls and appoint quality people to positions. Clients put money in a bank to safeguard it and promote the economy.

  • 0
    0

    Any Bank should have strict systems, procedures and controls. Any fraud would come to light in the shortest possible time. If few people decides to defraud they can do it but they will be caught in the minimum of time. This acts as a deterrent to anyone planning to defraud. How come these checks and balances were not in place. These type of people should be given the maximum penalty and they should be asked to pay back with interest from their personal assets.

  • 1
    0

    OMG – thanx CT for bringing this fraud to light, I draw the attention of Chairmen & Top Management of the 3 State Banks namely BoC, PB & NSB to this article especially the – para below – sends jittery sparks thru’ the spines of state Bank customers, me included.

    “A couple months ago, when the manager was transferred to another branch, the victims of the fraud had started receiving letters from the bank asking them to settle those dues, which they never obtained. When the victims complained to the bank, the bank officials had not taken their concerns into consideration. In fact, a senior official at the bank had informed one of the victims in writing that nothing illegal had happened as per their regulations.”
    ++++++++++++
    “with the present day trickery & criminal deception, the fraudsters can manipulate matters”, so those employees in the state Banks may also be tempted to copy same.
    ++++++++++++
    There is already a kind of “insider trade” mal-practice(s) taking place in the state Banks in connection with “Jewelry Auctions” as organized Mafia (businessmen) groups grabbing every piece of jewelry auctioned in the state Banks – of course, this takes place with the connivance of dishonest Bank officials from within, to the dismay of humble bidders who return unable to buy even a ring – how this happens has been brought to the attention of the top Chiefs of the concerned Banks, they’ve assured corrective measures.

  • 7
    0

    This stroy is completely false to mention the bank at fault, there were suspicions on the so-called auyrvedic doctor as well. This ayurvedic doctor had summoned all big media, but they declined to publish the story to discredit a reputed bank to see that there were no substantil proof that the doctor can produce to confirm a fraud has happened. How can anyone stay without getting alerted while 125 million is stolen from his account for 1 1/2 years, they get bank statements every month, and on top of that all SMS alerts are there. Even for a single credit card transaction of 100 rupees, cusotmers can complain to bank. It is heard that the two peple responsible (the previous manager and the one arreseted) are invloved in this scam together with the so-called ayurvedic doctor. Probably we will be able to see how the tables will turn in the near future….

  • 2
    0

    Await
    The next exposure would be of a leading mobile service provider. Everyday we used to read in fb about cheatings of the ones who claims to be the FUTURE TODAY

  • 0
    0

    Efforts to audit the on Monthly basis , protect state’s rights, and getting our nation back on track.
    efforts to audit the Fed, protect state’s rights, and getting our nation back on track.
    audit one moth basis or every 3 months basis these tools are not used to make a loop hole for fraud , to create and control the money used, daily audit trail on every transaction. and instant error recovery.
    instead of every year.

  • 5
    0

    Better not let the racial remarks overshadow the true nature of the fraud which is very serious. Whether the fraud involves in a rupee or millions it will challenge the credibility of the bank. This kind of situation could put the entire banking sector in jeopardy and return it will affect the stability of Sri Lanka. Therefore mind your words and be cautious until the police and the judiciary to do their role meticulously.

  • 1
    0

    Exactly. It has become a trend to critisize and call everyone rogues?

  • 2
    2

    Take this article with a handful of salt. It has “smear campaign” written all over it. And for all the “racist” comments, and claiming that the bank only communicates in Sinhalese is utter rubbish. I’m a customer and I get my correspondence in English. People with at least an ounce of brain can understand who the racists here are.

  • 3
    0

    The banf that presents the future has flouted the fundermemtals of checks and controls.

  • 2
    0

    Even I was played out at Sampath bank sum of 7million

    • 1
      0

      I hope that two things are true, Jayantha.
      .
      1. That this is your own “real” name.
      .
      2. That you have formally reported this to “the authorities.

  • 1
    0

    The Growing Force in Sri Lankan Financial Services they say ,
    Stealing money of their customers they never say.

    The visionary chairman should take care about his own frauds instead of talking about AI and BI at interviews. And media was hiding this for a long time.

  • 2
    0

    Well as a matter of fact my sister Inlaw aged 70 too faced this is at National Savings Bank Galle. She had never ever checked this old account thus the victimization when she received a letter to call over at the bank where she was informed that she HAD NOT settled her loan sum of which had been exact amount of her lilttle savings over the years. On informing she had Not taken loan she was put to the MANAGER who confirmed she had taken a loan!!!
    This was in 1918. Just last year.
    She left the bank and met An Ex Senior Officet who informed that there is a Fraud going on and helped her sort her account with his intervention.
    Sri Lankans GO Check your old Savings accounts please. Be ready for surprises too.
    Blessings.

  • 3
    0

    Believe that, Sampath bank management will take proper steps to correct any wrong doings done by the culprits, without causing any losses to their impacted customers and will use the law to recover the money too.

    For sure this will be dealt seriously by the Sampath bank as well by law suits than the the Central Bank Bond Scam, since only ordinary thieves are involved in this. (Unlike VVIP thieves in Bond Scam)

  • 3
    0

    Agreed wirh Upali, seems like.some.people.with racist mind set trying to turn this in to deferant side. Fraud is.nothing new it hppen all sectors evey single day. Also imagine this customer has not checked his bank statement till OD reach 125 million, something is not right ??

  • 0
    0

    Please add me

  • 0
    2

    Many Tamils living in overseas send money here for safekeeping and never use these accounts ..but when these bank rogues noted this they transfer huge sums with a forged signature to their friends and relatives.
    One bank with the name of a Chinese province is a master in this.
    Beware Tamils ..keep the money at banks where you live.
    Cheers

    • 1
      0

      Genius Tamils using their special Tamil brains again Cholan, only to lose once more.

  • 1
    0

    First document the transaction model and do an algorithmic search of all transactions in all banks. Then list and sort all accounts involved by geo spatial distribution, owners age, gender, prifessiin and institutional affiliation…a pattern will emerge and the criminal network uprooted

  • 2
    0

    Sri Lanka & Sri Lankans are a pathetic nation and a pathetic group of people.
    All that Sri Lankans want is everything free and if it cannot be obtained free then the norm is to steal, cheat or rob.
    It was never in the first twenty years after independence because there was discipline in every facet of life but after that things began to gradually erode due to the crude and vulgar effects of politics on everything and every way of life. Will it ever stop ?????????? Maybe or maybe not. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    In another twenty five years time the country will turn out to be the most lawless, unrefined, crude, vulgar, godless, land in Asia ruled by the most ugly and vulgar politicians and people the world has ever seen.
    Even when one walks on the roads of the country one can physically see the ugliness, vulgarity and corruptness on the faces of the population.
    Gone are the days when Sri Lankans were good natured, kind, educated, hardworking, refined, honest and religious people. Today religions are a means to cheat, rob and plunder than a act of worship.
    The next rulers of the land will be out and out Yakkos of every kind and compatability.
    There is only one solution to solve all ills and that is for the hand of God to come down in vengeance and unforgiveness upon the whole country and terrible suffering to follow for at least minimum of five years.

    May God relent and forgive if he intends to do so.

  • 1
    1

    The fraud reported here in a Lankan bank is ominous.
    It is worse because we have had successive GoSL by elites, for elites and to elites. The elites will be OK.
    Money is needed for the coming elections. LayLankans will be the obvious targets. Beware.

  • 1
    0

    The amount siphoned amount may be petty cash for Dhammika Perera, the richest man in Srilanka,who more or less owns the Bank,but I am sure that he has found others who are smart as well!

  • 0
    0

    recently I participated the special meeting of Share holders of SAMPATH Bank . In that meeting there were lot of allegations against high management for not distributing reasonable profit shares to the share holders. at the same time they were alleged that bank is engaged with huge non banking projects spending banks profit which can be distributed among share holders.I write this to point out how the superiors of this bank is working because they should concentrate their business of banking rather than other businesses. If the bank is caring out proper audit functions day to day and monthly and system audits through information technology as well they could have easily caught ,opening new a/C and granting ODs must check Amount basis and periodical audits.This is an total fault of the higher officials and now they have to make apologies to the customers and share holders immediately and explain the situation.

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