Home Business “I haven’t been informed that People’s Bank is blacklisted…” – Finance Min....

“I haven’t been informed that People’s Bank is blacklisted…” – Finance Min. (Video)

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Minister of Finance Basil Rajapaksa says that he in his capacity as Sri Lanka’s Minister of Finance has not been notified regarding the blacklisting of the People’s Bank.

Sri Lanka’s People’s Bank had honored an order issued by the Commercial High Court preventing them from processing the payment to Qingdao Seawin Biotech Group Co., Ltd. for a fertilizer shipment that did not meet local specifications,

The People’s Bank of Sri Lanka was then blacklisted by the Economic and Commercial Office of the Chinese Embassy in Sri Lanka for failing to make the payment according to the Letter of Credit and the contracts between the two parties.

Basil Rajapaksa speaking in Kandy said that he had received no information whatsoever regarding the blacklisting of the bank.

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