(UTV | COLOMBO) – The government says it will continue to monitor the activities of leasing companies on the implementation of concessions that were provided to those who have purchased vehicles on lease.
The President’s Media Division said under the package of concessions offered to the public affected by COVID -19, recovery of leasing instalments from three-wheeler owners was suspended for 6 months.
However, a number of companies have reportedly disregarded the directive issued by the government. Yesterday, President Gotabaya Rajapaksa instructed the Police to ensure vehicles of persons who have defaulted on their monthly premiums, should not be seized, as is the current method by leasing companies.
Acting Inspector General of Police Chandana Wickramaratne has also informed all Police Stations to inquire into complaints against leasing firms, pertaining to seizing vehicles that have defaulted on monthly premiums and whether they have been seized during the government declared grace period, prior to recording complaints.
Accordingly, the PMD said activities of leasing companies will be monitored continuously.