Wednesday, 19 November 2008
ImageThe Central Bank has taken steps to seize the funds held by the Tamil Rehabilitation Organization (TRO), widely known as a fund-raising arm of the LTTE and banned for this reason in several countries.
The Bank said a sum of 71 million rupees of TRO money has been thus forfeited by the state.
The Central Bank of Sri Lanka has commenced special inquiries on another twenty illegal financial institutes currently running in the country.
The Sri Lankan froze the assets of TRO in August 2006 under the Financial Transactions Reporting Act and the Convention on the Suppression of Terrorist Financing Act.
The government charged that the money received by TRO from various donors for "humanitarian projects" were, according to intelligence reports, mainly used to finance terrorist activities.
The Central Bank warns the general public not to get involved in any kind of financial donations or transactions with this organization.
Investigations are in progress to trace and forfeit any further funds and assets belonging to the TRO.
Source/More.........
ImageThe Central Bank has taken steps to seize the funds held by the Tamil Rehabilitation Organization (TRO), widely known as a fund-raising arm of the LTTE and banned for this reason in several countries.
The Bank said a sum of 71 million rupees of TRO money has been thus forfeited by the state.
The Central Bank of Sri Lanka has commenced special inquiries on another twenty illegal financial institutes currently running in the country.
The Sri Lankan froze the assets of TRO in August 2006 under the Financial Transactions Reporting Act and the Convention on the Suppression of Terrorist Financing Act.
The government charged that the money received by TRO from various donors for "humanitarian projects" were, according to intelligence reports, mainly used to finance terrorist activities.
The Central Bank warns the general public not to get involved in any kind of financial donations or transactions with this organization.
Investigations are in progress to trace and forfeit any further funds and assets belonging to the TRO.
Source/More.........
