On five occasions, since 2015, the directors of the Hewagama Korale East Multipurpose Co-operative Society Ltd had invested Rs.507.59 million in Treasury Bills through a certain institution, which had been introduced as a primary dealer company registered with the Central Bank of Sri Lanka (CBSL).

However, it has been revealed that this company is not a primary dealer entity approved by the CBSL.

Hence, the proposal presented by the Minister of Internal Trade, Food Security and Consumer Welfare to appoint a committee consisting of representatives of relevant institutions to identify the parties responsible for this misappropriation and to recommend necessary measures in order to bring justice to the depositors was approved by the Cabinet of Ministers.