Jan 04, 2015 (LBO) – Sri Lanka’s Central Bank is to take-over Entrust Securities Plc, primary dealer in government securities if the company fails to submit a viable restructuring plan today, Governor Arjuna Mahendran said.
If a re-structuring plan is not submitted by 6 p.m today the company will be taken-over to protect the government securities market and a state bank will be entrusted with the management, he said.
If there is fraud involved action will be taken against the management and other officials in the company.
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