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 Post subject: "Horungeth Horu" - 11 MINISTERS, WHO DID NOT PAY B
 Post Posted: Mon Jul 25, 2005 9:31 pm 
@ RAVAYA. Sunday Oct. 14, 2001

11 MINISTERS, WHO DID NOT PAY BACK LOANS, TO FACE LEGAL ACTION.

It is reported that People's Bank alone has filed legal action against 11 ministers and former MPs, who have defaulted loans they have taken from the bank, in order to recover them. An MP is entitled to a loan of Rs. 500,000/ or less without a mortgage.

Meanwhile EPDP leader DOUGLAS DEVANADA also must pay Rs. 35 million to People's Bank, which could not be reclaimed.

Close friend of the President Ronnie Peiris has also borrowed Pds. Sterling 650,000/ (Rs. 84.5 million) from the London branch of People's Bank, which he is not paying back.

The following are the other defaulters.

Dinesh Dodangoda. Loan taken on 24-11-97 Rs. 409,548.00 (outstanding)
U.A.E.Premaratne.09-05-98 Rs. 479,810.00(outstanding)
Pradeep Hapangama. 04-05-98 Rs. 970,625.00(outstanding)
R.M.B. Ratnayake 07-09-98 Rs. 489,125.00(outstanding)
P. Ashoka De Silva 07-04-99 Rs. 1.240,603.00(outstanding)
J.C. Alawathuwala 30-12-98 Rs. 251,125.00(outstanding)
M. Chandrakumara 06-11-98 Rs. 286,496.00(outstanding)
H. Thangavelu. 08-09-98 Rs. 233,302.00(outstanding)
S.A.R. Thondaman 04-08-98 Rs. 236,837.00(outstanding)
U.L.M. Farookh 16-06-98 Rs. 410, 175.00(outstanding)

An MP is entitled to a loan of Rs. 500,000/ or less without a mortgage


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