772/’19
Hon. Indika Anuruddha Herath,— To ask the Minister of Finance,—
(a) Will he inform this House —
(i) of the number of private Financial Institutions engaged in business activities actively in the country;
(ii) of the total capital owned by aforesaid institutions;
(iii) of the manner in which such capital was raised;
(iv) of the institution authorized to monitor the financial activities of aforesaid institutions; and
(v) whether the monitoring process is carried out satisfactorily?
(b) Will he also inform this House—
(i) whether the allocations have been made from the General treasury in 2016/2017 to compensate the shareholders of the ETI Finance, a private financial institution;
(ii) if so of aforesaid amount;
(iii) of the alternative methods that can be adopted in delivering justice to the clients who invested in Private financial institutions; and
(iv) whether he accepts the fact that it sets a wrong precedence when the clients who invested in private financial institutions are compensated using public funds?
(c) If not, why?
Asked Date
2019-07-23
Asked by
Hon. Indika Anuruddha Herath, M.P.
Ministry
Finance
Legislature
Eighth Parliament of the D.S.R. of Sri Lanka
Session
Third Session
The answer is given in sinhala language.
Answered Date
2019-07-23
Answered by
Hon. Eran Wickramaratne, M.P.
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