URGENT- Defiant Sri Lankan stock regulator chief stays on despite Govt. directive to quit

22 January 2015 - 726   - 0


Controversial Securities and Exchange Commission (SEC) Nalaka Godahewa is maintaining a defiant stand, refusing to step down despite an order by the Sri Lankan Government, official sources said a while ago.

"He is in the office even today (Thursday)," one official source said. This the first time under President Maithripala Sirisena's new administration where the head of a state agency has refused to quit after being ordered to.

On Wednesday night, Finance Minister Ravi Karunanayake told the Business Times that Godahewa had sent in his resignation on Tuesday, which the latter is denying. Former SEC chairman Thilak Karunaratne who quit under duress some years ago is expected to be recalled to the position.

The sources quoted Godahewa as telling some staff members that he hasn’t tendered his resignation because the SEC comes under the Ministry of Economic Development and not the Finance Ministry.

The SEC was placed under Prime Minister Ranil Wickremesinghe’s purview according to a list of subjects of ministries gazetted on Tuesday. - ENDS -


  Comments - 0

  • Leave a comment

Top Stories

Islamic organization leader arrested for abetting banned extremist groups

A leader of an Islamic organisation has been arrested today (Aug 25) for allegedly abetting three proscribed groups in the country. Police ...

25 August 2019 - Views : 23

Foreign countries should not be allowed to intervene in internal affairs: Cardinal

25 August 2019

Presidential hopeful Rajapaksa vows to set-up independent body to probe terrorist attacks

25 August 2019

Three-wheeler catches fire along Southern Expressway

25 August 2019



Features & Analysis

How concept bookstore 'Venpaa' in Jaffna is meeting a need for Tamil literature

'Venpaa' in Tamil refers to a branch of classical Tamil poetry. Bearing this classic Tamil name, a distinctiv...

In pictures : Groundbreaking ceremony for 'Fantasy Island' theme park at Battaramulla

Waters Edge, together with Melchers Project Management Ltd having announced plans to build a theme park overlook...

Bharatha Natyam Recital at the Swami Vivekananda Cultural Centre

A Bharatha Natyam Recital by Anuka King will take place at the Swami Vivekananda Cultural Centre (SVCC), Hi...

Discovery of exoplanets by Lankan Team

For the first time in the island’s history, a group of Sri Lankans has discovered a new extra-solar planetary s...