An academic Institution called IBS-Nugegoda (No; 156 / D, High Level Road, Nugegoda) and its 3 branches (Kiribathgoda/Gampaha/Kurunegala) has continuously misled external management students of the country.
- Owner of IBS; Ajith Kumanayaka has not hold any valid single degree or any professional qualification.He was a card marker at IMS few years ago. But teaches Management subject at 1st year of external degree program. He has been in the Kalutara prison on the last year too.
- He has told everybody that, Prof. Sampath Amaratunga, Mrs.Kalyani at Business Admin department and Assistant Registrar at external degree division of University of Sri Jayewardenepura all have been gifted Rs, 50,000 /= per month as the return to their backup for IBS activities.
- IBS has not given proper time table and quality study materials for the students and they have been misled due to low monthly fees.
- Ajith Kumanayaka has misled all the external degree students at IBS, that he has been a Senior Lecturer at kelaniya University and member of Bank of Ceylon interview panel. Especially the parents of the innocent students believe him.
- IBS publish and distribute leaflets and letters under the heading and seal of Senior Assistant Registrar of the University without any approval.
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