Colombo Telegraph

Sampath Bank Issues Qualified Denial: Admits Culpability In Massive Fraud: Fails To Answer Pertinent Questions

In a qualified denial, Sampath Bank PLC stated that “some parts” of the story appeared in the media referring to a massive fraud at the bank were inaccurate and misleading.

However, the bank, which has come under great public scrutiny following our story, failed to say which part of the story was inaccurate.

“Due to ongoing investigations, the Bank is not in a position to disclose detailed information,” the statement by the bank said.

Admitting that there was a massive fraud at the bank, the statement said this incident occurred a few months back and the Bank had already taken appropriate measures to correct the situation and ensure no-recurrence.

“We wish to assure the public that we have taken steps to ensure that our customers will not be affected in anyway due to the incident reported,” it started.

The statement by Sampath Bank, curiously, has not made any specific reference to the Colombo Telegraph story which provided extensive details relating to the fraud. The same statement has also been sent to the Chief Operating Officer of the Colombo Stock Exchange.

Sampath Bank, however, has failed to respond to following questions sent to its Chief Legal Officer, Senaka Hewavitharana by Colombo Telegraph.

1. Which parts of the story appeared in Colombo Telegraph are factually incorrect?

2. Has the former Manager of Sampath Bank (Thalahena branch) Manoj Rodrigo been arrested by the CID in connection with a fraud committed on an Ayurvedic Physician a customer of the same Bank? Has he been remanded for 14 days by the Kaduwela Magistrate?

3. Are you in the process of investigating whether any other officials of the bank are involved in the fraud?

4. Did your internal audit initially look into the complaint and exonerate the official who is now under arrest?

5. Were there other officials the bank who were involved in the fraud, apart from the arrested official?

6. Have you by now at least apologized to your customer Ayurvedic Physician and reassured him that all the monies illegally obtained from him by your bank would be refunded with any loss incurred by him has further damages?

Related posts:

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

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