Dec 02, 2021

Cabraal threatens to freeze bank accounts with illegal money!

Central Bank Governor Ajith Nivard Cabraal has said that Bank accounts of those who distribute and receive money through unlawful money transmission methods will be frozen with immediate effect.

In a message published on his Twitter account, the CB Governor urged all Sri Lankan Migrant Workers to use only legal channels to repatriate their earnings to Sri Lanka.

Ajith niwad

However, there is talk within the banking sector as to whether Cabraal's warning is a threat targeting the verbal notices made by a head of government to the Finance Ministry regarding accounts that have problems with sending foreign investment to several Sri Lankan projects.