The recent news report in the media quoting an opposition Parliamentarian to the effect that the People’s Bank is to be privatized is completely false and misleading, finance minister Mangala Samaraweera said in a statement.The statement; Certain political parties and the trade union affiliated to those parties had alleged the government is to privatize the People’s Bank citing financial difficulties to infuse capital. But there is no truth in these allegations and the government categorically dismisses this claim of privatization as false and misleading the people made with ulterior motives.