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.