Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2009
Temporary regulatory suspension over solvency concern
The Insurance Board of Sri Lanka briefly suspended Janashakthi over a solvency concern. The regulator’s action was criticised for being hasty in contemporary accounts.
Ownership concentration dispute involving National Development Bank
Janashakthi became involved in a dispute with National Development Bank over shareholding concentration and statutory restrictions. A court rejected an interim injunction against the company, and the matter was later resolved after regulatory pressure to reduce its holding.