The Finance Houses Association of Sri Lanka (FHA) as the apex association of 41 registered licensed finance companies in Sri Lanka, condemned the alleged murder of the Chairman of the Lanka Self Employed Professional’s Three Wheel Association, Sunil Jayawardena on Wednesday, June 10.
The killing of Jayawardena is an example of unethical and unruly practices adopted by fraudulent organisations and the alleged finance institution Chanmil Investment (Pvt) Ltd is by no means associated with the 41 regulated and licensed finance institutions registered under the Central Bank of Sri Lanka and also not attached to the FHA Sri Lanka, a media release from the Association stated.
“The FHA denounces the actions of the said organisation and the uncalled for tragedy that accompanied their actions.”
FHA compromises of 41 licensed finance companies across Sri Lanka, with a long standing history in the industry, was formed with the aim of addressing the emerging problems in an unregulated environment that the deposit taking and lending companies operated. Which had given way for many fraudulent and unethical practices; adopted by certain institutions that claim to be finance institutions.
FHA further clarified that the 41 licensed finance companies attached to FHA have already offered debt moratorium as stipulated by the Government.
While complying to debt moratorium regulations the licensed finance companies have offered debt relief to approximately 500,000 customers across Sri Lanka.