The statement made by United People’s Freedom Alliance (UPFA) MP Niroshan Premaratne on 8th February in Parliament clearly states that he obtained a loan of Rs 80 million from Bank of Ceylon (BOC) by using a land transferred by one of his friends for a period of five years.
A land can be transferred for a period of five years through a conditional transfer; however, no bank officer can issue a loan for a conditional transfer. Or it should be a lease bond for a period of five years. But a bank cannot issue this type of a loan in that context either.
MP Niroshan Premaratne seems to be misleading the entire Parliament. As a matter of fact, although many MPs have attorney-at-law titles, their knowledge of the law is slight.
Therefore, you, as the Chairman of the BOC, should launch an investigation with this regard. If Niroshan Premaratne’s statement is true, the manager of the BOC branch at Parliament has committed a serious offence, he had allegedly issued a loan of Rs 80 million to Niroshan Premaratne without acceptable collateral.
He didn’t give his personal money, but savings of the public. Risking their money is not a minor offence. If Niroshan’s statement is true, then the manager must be arrested and prosecuted.
Issuing loans based on political powers is unacceptable, because in the event loans are not repaid, it is the public have to pay for it. Yasasiri Kasthuriarachchi’s incident is a lesson. As the Chairman of the BOC, it is your responsibility to ensure that such indents don’t reoccur.
We request you to conduct a proper investigation with this regard, and take legal action against those responsible.