The Bank of Ceylon Employees’ Association has issued a warning, stating that if the government continues with its decision to sell shares of state-owned banks, they will ignore ethics and rules. The association further threatens to publish the names of the individuals involved.
The association opposes the government’s decision to sell shares, arguing that it should withdraw the decision immediately. They suggest that instead of selling shares, the government should take steps to recover money from those responsible for the losses incurred by these banks.
Channa Dissanayake, the president of the association, emphasizes that the government has borrowed extensively from state-owned banks to fund various loss-making government institutions. However, the borrowed money has not been repaid, and he insists that the government should recover these debts from individuals and institutions.
Dissanayake warns that if the debts are not recovered, the association will publicly disclose information about these individuals and institutions, bypassing confidentiality rules. He points out that the recent report from the Central Bank Governor reveals that outstanding amounts from state banks amount to 916 billion, and the public’s money should be returned.
The association questions the fairness of using the profits of the bank, which should belong to the public, to cover the losses of individuals who have not repaid their loans.