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Published on Friday, 17 October 2014 17:44

CentralBankofSL 410px 14 07The operations of the EAP Group are to supervised by a management Board appointed by the Central Bank of Sri Lanka (CBSL), reports say.

The head of this Board is a retired CBSL official, reports add.

The CBSL intervention has reportedly taken place after the downfall of ETI finance company and the Swarnawahini television company, over concerns that the Group too might crash like the Ceylinco Group.

At the present, the Director Board of Swarnawahini has been reduced to nominal capacity, and many changes are said to be in store for the Group in accordance with the advice of the CBSL management Board.

Last Updated on Monday, 20 October 2014 12:30

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