Moving into the private sector, he founded the Mercantile Group of Companies that included the Merc Bank Sri Lank, Sampath Bank, the former Mercantile Credit Ltd, National Enterprise Bank ( DFCC Vardhana Bank ), Mercantile Shipping and Mercantile Leasing.
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Mercantile Credit Ltd, a subsidiary of Mercantile Merchant Bank, founded by Moragoda was found to defaulted on loans of 4.7 Billion Rupees ( which had been obtained by providing false information ) while Moragoda was Minister for Economic Reform.
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4 Where a director put contracts of a company into a partnership he was fully accountable even if his partners were entitled to part of the profit and were ignorant of his breach of fiduciary duty ( " Imperial Mercantile Credit Association v Coleman " ( 1873 ) LR 6 HL 189 ).
How to say mercantile credit in Hindi and what is the meaning of mercantile credit in Hindi? mercantile credit Hindi meaning, translation, pronunciation, synonyms and example sentences are provided by Hindlish.com.
