It is no secret that the People's Bank, which was inaugurated by Mr. T. B. Ilangaratne under the Act No. 29 of 1961 healed the hearts of many people of Sri Lanka. But as of today, Mangala has made plans to bankrupt and privatize the People's Bank that pays dividends of Rs. 19.8 billion. Even UNP members who do not own a business through the Enterprise Sri Lanka Loan Scheme, People's Bank is currently offering loans at low interest rates, but these UNP loyalists have already been unable to repay the loan installments. The privatization plan of the People's Bank is being implemented under conditions of the International Monetary Fund under the guidance of UNP MPs and with the full supervision of Mangala.
As of now, Enterprise Sri Lanka is already struggling to recover the loan installments that have been provided to the UNP and UNP Ministers have urged the People's Bank managers not recover the loan installments that have been obtained. Because of the greed they have for votes for the elections, the Yahapalana government is planning to privatize the bankrupted People's Bank based on the American terms.
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