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* Blacklisted Sri Lankan financier to register with the Central Bank
Wednesday, October 1, 2008, 0:02 GMT, ColomboPage News Desk, Sri Lanka.

Oct 01, Colombo: D.K. Udayasiri, the businessman recently blacklisted by the Central Bank of Sri Lanka (CBSL) as an unauthorized person to accept deposits, reportedly have applied for a license to legalize his financial operations.

D.K. Udayasiri addressing the media today said that CBSL has already contacted him and was given all the necessary details of his depositors and the amount of money invested with him on a personal basis.

He also expects to receive the CBSL license within a period of a month and to continue accepting deposits.

With fraudster Sakvithi Ranasinghe leaving the country recently with an estimated 800 million rupees made from unauthorized investments, CBSL has now taken all steps to regularize the remaining four other institutions and the two individuals that were blacklisted by the Bank last month. The Bank has given 30 days for the entities which had accepted deposits promising high returns beyond what is generally offered in other commercial banks of Sri Lanka to register or face legal action.

Sri Lankan Daily News and Reports

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