The Hon. Shanakiyan Rajaputhiran Rasamanickam
Hon. Shanakiyan Rajaputhiran Rasamanickam asked the Minister of Finance about Privelth Global (Pvt.) Ltd., a financial institution operating in several Eastern Province areas, and alleged that its directors had defrauded 1,400 people of over Rs. 1,700 million. He sought details on action against the directors, who were reportedly deported from India and are now missing, measures to recover and return the funds, and steps to improve monitoring and credibility of such institutions.
Verbatim record (translated)
Machine-translated from Sinhala / Tamil / English¶ 01 Question 342/2024 to the Minister of Finance, Planning and Economic Development:
¶ 02 (a) Is he aware that: (i) a financial institution named Privelth Global (Pvt.) Ltd. had been in operation in the areas of Samanthurai, Kalmunai, Pottuvil, Eravur and Marudamunai as at 05.02.2014; (ii) Ahmed Shereem Muhammadu Shihab (Shihab Shereem) and Fatima Farsana Markar, who functioned as Directors of that financial institution, have swindled 1,400 persons out of over Rs. 1,700 million; and (iii) the above-named persons, who were deported from India to Sri Lanka on 26th December last year, are missing at present?
¶ 03 (b) Will he inform this House: (i) the action that will be taken against the two individuals referred to in (a)(ii) above; (ii) whether steps will be taken to return the money these individuals have swindled to its owners; (iii) the measures taken for it; and (iv) whether steps will be taken to ensure credibility by conducting proper monitoring over such institutions?
¶ 04 (c) If not, why?
Provenance
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- Hansard, Friday, 10 October 2025 ·No. 22640 ·English daily/uncorrected Hansard
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- not yet extracted — page/column anchors are not in the current dataset; the source PDF is the citable location.
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Cite as: The Hon. Shanakiyan Rajaputhiran Rasamanickam. 10th Parliament, Parliament of Sri Lanka. Hansard, 10 October 2025. No. 22640. Politick, https://staging.politick.io/lk/speeches/13857