10th Parliament· 154 sittings on record · 30,475 speeches · latest 10 June 2026

The Hon. Shanakiyan Rajaputhiran Rasamanickam

Illankai Tamil Arasu Kadchi· Batticaloa· 5 May 2026 ·Oral question: Oral Question Q.2 (361/2024): The Finance Company - Liquidation and Compensation to Depositors

Public FinanceJustice & Human RightsSecurity & Defence
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Hon. Shanakiyan Rajaputhiran Rasamanickam raised concerns about unregistered entities, including purported plantation schemes, collecting public deposits by promising high interest without Central Bank approval. Referring to the reported theft of USD 2.5 million from the Central Bank and unsatisfactory responses before the Committee on Public Finance, he asked who would be responsible for future safeguards and what measures the Finance Ministry would propose. He specifically sought clarification on internal audit, IT audit and risk assessment mechanisms within the Central Bank, and on government systems to identify and act against unregistered deposit-taking entities to protect the public.

Verbatim record (translated)

Machine-translated from Sinhala / Tamil / English

¶ 01 My second supplementary is this: Many entities—so-called “plantations” and others—are operating promising high interest to the public, including in my Eastern Province, collecting money without Central Bank approval. Given current public concern toward the Central Bank and the Finance Ministry—especially after a hacker stole USD 2.5 million from the Central Bank—future safeguards are essential. When the Finance Ministry Secretary appeared before the Committee on Public Finance, many answers were unsatisfactory. Who will take responsibility going forward? As a State Minister in the Finance Ministry, what proposals do you have? Are there internal audit, IT audit and risk assessment mechanisms in line with international standards within the Central Bank, or plans to create or strengthen them? Recently we saw people in places like Kurunegala protest to retrieve their deposits. What audit mechanisms does the Government have to swiftly identify and act against unregistered entities and protect the public’s money?

Provenance

Source
Hansard, Tuesday, 5 May 2026 ·No. 23546 ·English daily/uncorrected Hansard
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Permalink
/lk/speeches/19701

Cite as: The Hon. Shanakiyan Rajaputhiran Rasamanickam. 10th Parliament, Parliament of Sri Lanka. Hansard, 5 May 2026. No. 23546. Politick, https://staging.politick.io/lk/speeches/19701