Business

Controversial SEC Chairman Godahewa quits

10 January 2015 - 3187   - 0

 

 

 

 

Nalaka Godahewa, Chairman of Sri Lanka's Securities and Exchange Commission (SEC) who courted a lot of controversy, quit on Friday, informed sources said.

 

The move came after a new President, Maithripala Sirisena took office under a new administration that has vowed to eliminate corruption and act firmly against wrongdoers.

 

Godahewa was appointed SEC chairman in August 2012 under controversial circumstances after two of his predecessors, Indrani Sugathadasa and Thilak Karunaratne, resigned within 12 months following intense pressure from a group of influential investors, dubbed later as the ‘stock market mafia'.

 

The former SEC chair was also involved in a controversy surrounding the Krrish land deal.

 

 

 

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