Sri Lanka receives USD 450 M deposits from Swiss Bank account holders
Posted by Editor on November 12, 2015 - 2:43 pm
Minister of Finance Mr. Ravi Karunanayake said that since the government invited the Swiss Bank account holders to deposit their money here, Sri Lankan banks have received 450 million US dollars.
Accountholders at Swiss banks were invited to deposit their money through the banking system in Sri Lanka, promising a return of 2- 3 percent interest.
Finance Minister had said that no questions will be asked from those who bring deposits into the country and further steps would be taken to ensure those deposits legally safe in future.
Explaining the details the Minister said there are some foreigners among the depositors including two Saudis and two Qataris
(Government News Portal)
Latest Headlines in Sri Lanka
- PUCSL warns CEB: Submit tariff plan by December 6, 2024 or face action November 25, 2024
- ADB approves $200 million to modernize Sri Lanka’s power sector November 25, 2024
- Over 120,000 tourists arrive in Sri Lanka in first 20 days of November 2024 November 25, 2024
- Court orders release of Sujeewa Senasinghe’s SUV on Rs. 100 million bond November 25, 2024
- IMF backs Sri Lanka’s plan to boost revenue with vehicle imports November 25, 2024
Very suspicious? Whose money is this?
these are deposits and $450 million means a lot of money and most likely these are on call or term deposits and if the rates were to go up (which is unlikely) ravi stands to make a lot of money however if they are o n call the whole exercise is a dead loss,
The commercial bank lending rates are much higher than the monies raised through individual transfers and on that count the Minister ought to be congratulated considering economic crisis that we are faced with!
This is another baseless lie.
They are still making false statements.
There wont be any money inflows to the country as that BIG.
Only fools will listen to what this minister says.
It sounds like international drug dealers, tax evaders, money launderers and terrorist fund managers have found a new place to deposit and legitimize their wealth. Otherwise, except for words, what data, indexes in Sri Lanka are better than what is offered in Swiss Bank accounts? Only the stupids voted for you will swallow that. May be CIA sent $450m via Swiss accounts to see whether they can still rescue the government they installed.
This money will help pay interest for the bond scam by Ra*i, Ran*l and their co-horts.