Friday Jun 19, 2026
Friday Jun 19, 2026
Thursday, 18 June 2026 00:00 - - {{hitsCtrl.values.hits}}
The Central Bank of Sri Lanka (CBSL) has directed Singhe Capital Investment Ltd. and two of its directors to cease accepting deposits from the public after determining that the company had engaged in unauthorised deposit-taking activities in contravention of the Finance Business Act.
In a public notice issued under Section 42(10) of the Finance Business Act, No. 42 of 2011, the CBSL said an investigation conducted under the Act had found that Singhe Capital Investment Ltd. had accepted deposits by issuing promissory notes and/or commercial papers between February 2023 and October 2024 without the required authorisation.
The regulator said the company, which has its registered office at No. 150, Hirimbura Road, Galle, had violated provisions of the Finance Business Act governing the acceptance of public deposits.
Following the investigation, the CBSL determined that a number of individuals who served as Directors of the company during the relevant period were responsible for the contravention.
The Central Bank has specifically directed Singhe Capital Investment Ltd., K.G. Sugath Wasantha Kumara Rathnawardana and Chandika Yasnath Bandara Weerakoon to refrain from accepting deposits from the public.
According to the notice, Rathnawardana served as a director of the company from December 2023 to October 2024, while Weerakoon served as a director from September to October 2024.
The CBSL said the determination was made on 9 April 2026 following the conclusion of its investigation.
