Controversial director at Sri Lanka’s Commercial Bank resigns

COLOMBO (EconomyNext) – Lakshman Hulugalle, a director of Commercial Bank appointed during the last regime in controversial circumstances, has resigned.

Hulugalle’s appointment was made with the ousting of a respected professional banker, Ranjith Fernando, raising concerns.

Under the current regime, similar concerns have been raised after Sunil Wijesinghe, a respected business leader was asked to resign from National Development Bank.

Unions of Commercial Bank have raised strong concerns at an alleged attempt to appoint a government nominee as Chairman of the board.

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