For months on end UNP Parliamentarian Dr Harsha de Silva has been ‘screaming at the top of his voice’ about EPF investments in dud shares. Now with the market virtually down to the ground many of those shares have very little value to say the least. The workers will have to bear the brunt of [...]

The Sundaytimes Sri Lanka

Public wrath growing against wrongdoing

Greek bond culprits should be charged
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For months on end UNP Parliamentarian Dr Harsha de Silva has been ‘screaming at the top of his voice’ about EPF investments in dud shares. Now with the market virtually down to the ground many of those shares have very little value to say the least. The workers will have to bear the brunt of it.

The next shock that stunned the financial services sector and the country was when an opposition law maker raised a hornets’ nest when he revealed that Sri Lanka had lost Rs 1.5 billion by buying dud Greek bonds. The media should expose the culprits of that transaction. The COPE findings suggested that three senior officials of the Central Bank had signed giving approval to purchase the bonds.

This is a serious offence, if true. Who are these officials?  What is the government and the opposition doing to bring the alleged offenders to justice? The way public funds are squandered it won’t be very long before the public forces the government to act like in the recent incident where a court was stoned. The media has an obligation to expose these frauds and has been doing a tremendous service by keeping the public informed.

R. Fernando
Colombo




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