Tigers to repay public debt

[TamilNet, Monday, 06 September 2004, 12:33 GMT]
The Finance Division of the Liberation Tigers announced Monday it would start repaying another part of the war loan it raised from the people of Jaffna, Mannar, Mullaithivu and Vavuniya next week from 17 September. Tigers' Finance Division has been paying back its huge public debt in Jaffna in stages since Colombo signed a truce with Kilinochchi in February 2002. LTTE Finance Division issued certified bonds to individuals from whom it borrowed money for the 'Fund to Liberate the Soil'.

Finance Division of the Tigers said in a statement to the public in the north this week that the certified bonds and identification papers should be produced for recovering the loans.

The Tigers' FD released the names of 2837 persons in Jaffna, 40 in Mannar, 82 in Mullaithivu and 41 in Vavuniya who would be repaid from 17 September.

The highest number of borrowings was in the Nallur Division of Jaffna - 386. Lowest wa in Pachchilaipalli - 19.


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