New chairmen of these banks say financial regulations had been disregarded when granting loans to loyalists of the previous government.

Also, no steps had been taken to recover the loans given, no profits received from investments in the stock market made in an authoritarian manner.

Lankaputra Development Bank alone had given such loans amounting to more than Rs. 2,000 million, while the National Savings Bank and the Sri Lanka Savings Bank, formed on an order by Mahinda Rajapaksa, had released over Rs. 3,500 m and Rs. 1,000 m of loans respectively.