SLIC Managing Director and top managers to be removed
Unions at the Sri Lanka Insurance Corporation (SLIC) have been, for the second time in two weeks, assured that SLIC top management including the managing director would be removed due to alleged corruption and mismanagement.
This assurance was given by Treasury Secretary Dr. P.B. Jayasundera during a 90-minute meeting with the Sri Lanka Insurance Corporation (SLIC) Trade Union Alliance on Wednesday at the Finance Ministry.
Two weeks back, on October 10th too Dr. Jayasundera gave the same assurance to the unions protesting against the activities of some top management. However this time Finance Ministry sources said the services of MD/CEO Mohan de Alwis and five senior officials would be terminated with effect from 31st October and ministry officials will oversee the work until the vacancies are filled.
“An inquiry into allegations of corruption and malpractices of the CEO and other officials will be opened,” the ministry sources said.
Sarath Nandalal, Secretary of the SLIC Trade Union Alliance, told the Business Times immediately after they met Dr Jayasundera on Wednesday that these officials would be removed by the end of the month.
The unions have been agitating for some time to put the SLIC affairs in order following fears that the country’s insurance giant is in a crisis due to alleged corruption, fraud and mismanagement by some top management officials.
Please turn When persistent representations to the Government on these issues and various forms of agitation failed, the unions pulled out all the workers at the SLIC head office in Colombo numbering to around 1,700 workers and went on strike. At that time, the Treasury Secretary responded, saying new officials would be appointed.
Mr. Nandalal said that with this assurance of the Treasury Secretary the workers are determined to resurrect the SLIC to reclaim its lost glory. To achieve this end as a first step, the workers would clear the backlog of work piled up during their agitation period without claiming overtime or any extra payment.
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