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Please help update this article to reflect recent events or newly available information. ( October 2019 ) Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. [ 1 ]
The Central Bank of Sri Lanka (abbr. CBSL; Sinhala: ශ්රී ලංකා මහ බැංකුව, romanized: Sri Lanka Maha Bankuwa) is the monetary authority of Sri Lanka. It was established in 1950 under the Monetary Law Act No.58 of 1949 (MLA) and in terms of the Central Bank of Sri Lanka Act No. 16 of 2023, the CBSL is a body ...
Sri Lanka declared the country was suspending payment on most foreign debt from April 12, 2022, kindling the Indian Ocean island's first sovereign default event and ending an unblemished record of repaying external debt despite experiencing milder currency crises in the past.
In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel.
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Our reporters continue to cover sexual abuse allegations against IHOPKC’s founder Mike Bickle and the organization’s financial struggles, upheaval and investigations into wrongdoing.
US jury convicts Mozambique’s ex-finance minister Manuel Chang in ‘tuna bonds’ corruption case By JENNIFER PELTZ Associated Press NEW YORK (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a bribe conspiracy case that welled up from from his country's “ tuna bond ” scandal and swept into a U.S. court.
He was accused of financial misappropriation following investment in Greek sovereign bonds which resulted in a major loss to the government during his first term. [ 14 ] From December 2019 to August 2020, Cabraal was a senior advisor to the prime minister on economic affairs [ 15 ] and was appointed as a board member of the "Api Wenuwen Api ...