VAC reveals 365% interest plunder – Central Bank, IGP silent
More than 40 illegal companies have been established and operated to provide loans under the online system, and the Voice Against Corruption organization accuses the Central Bank of Sri Lanka and the Inspector General of Police of not taking action regarding these companies, which rob the customers with a ravaging interest rate of 365% per annum.
The organization revealed this in a press conference held today (23). The convener of the VAC organization, Wasantha Samarasinghe, and the representatives of the organization, as well as several victims of online robbery, also participated in the event.
The VAC convener Wasantha Samarasinghe, who gave further information, questioned why the Governor of the Central Bank and the Finance Board remained silent, allowing such illegal institutions to function.
He also revealed that although the victims had complained directly to the IGP and police stations in different parts of the country about the threats made by the thugs of these financial racketeering organizations, the law has not been implemented so far. He also revealed that even the Chinese have set up several financial racketeering organizations.