Those who deposited money in bogus financial companies would not be refunded

The Chairman of the Securities and Exchange Commission Udaya Sri Kariyawasam points out that those who deposited money in illegal financial companies will not be refunded.He expressed these views addressing the opening ceremony of the certificate course on financial reporting held in BMICH yesterday (16).
Mr. Kariyawam pointed out that these depositors had not paid taxes to the state and there was no possibility of refunding them with the taxpayers’ money with the mediation of the Central Bank or the government. He also said that the judiciary would also not be able to help them.He said that there were around 2000 bogus financial companies in Sri Lanka and the public needed to be vigilant on them. (Lankaenews)