Parliament’s attention was drawn today towards banks and financial institutions that do not execute directives issued by the Central Bank of Sri Lanka pertaining to granting concessions to consumers affected by the coronavirus pandemic.
Leader of the Opposition Sajith Premadasa said reports have emerged of the grace periods declared by the government being disregarded and forced recoveries of loan installments taking place from small and medium scale businessmen through various means of intimidation.
MP Premadasa said leasing companies are meanwhile imposing high interest rates when acquiring the overdue installment.
MP Premadasa said such issues are intensifying, adding that the matter must be addressed considering it of national importance.
He charged that CBSL concessions are not being enforced, the Moratorium extension till the 31st of December this year has been disregarded and questioned how many businessmen and citizens have received this concession.
Meanwhile MP Premadasa said during settlements of vehicles, vague financial regulations are being tabled that inconveniences the public while during auctions, vehicle prices are being underestimated.
He also claimed that vehicles that have not settled premiums are being seized through intimidation.
State Minister Shehan Semasinghe responding to the charges said details on the matter will be tabled in Parliament in future adding that the Minister of Finance will provide favourable solutions through the upcoming 2022 Budget.