Sri Lanka's 'Father of Insurance' Chandra Schaffter's Son - Prakash to 'Rob' Sri Lanka Cricket and Local Cricketers' Funds via Janashakthi Insurance Policies, International Cricket (ICC) to Investigate on the matter - Analysts

#‎Cricket‬ and ‪#‎Insurance‬ Analytical View for Sri Lankans Knowledge - Business of Politics- Prakash Schaffter and family owns Janashakthi Group which is Sri Lanka's 3rd largest Insurer for years, Cricketers' and any Sports related specially even Stadiums have large Insurance Policies, Janashakthi can get preference in Bidding for Million Dollars worth Cricketer Insurance Policies when Prakash is secretary (the person who handles docs,policies,strategies) in Interim Committee of Sri Lanka Cricket....Not only that Arjun Mahendran' Bond Deal with Arjun Aloysius upset the entire Bond Players in Country, and Prakash Schaffter's family owns First Capital Treasuries which is the largest Bond Player among Private Primary Dealers so it should ring bells among countrymen whether Prakash was appointed to Cricket Board as a 'Carrot' given by Ranil Wickremesinghe so that top Bond player is silent!

First Capital Holdings (CFVF) Director Board headed by Prakash Schaffter's Sister and Brother

Chairperson Mathews M. (Executive)
Managing Director Schaffter D.
Chief Executive Officer Wirasekara D.G.
Board of Directors
Rodrigo N.E.
Perera A.D.E.I.
Perera M.D.A.
Fernando W.N.I.C.
Chandana L. de Silva (Non-Executive Independent Director)


Top Shareholders of CFVF

1 Dunamis Capital PLC 45,626,756/ 45.06%
2 Seylan Bank PLC/ Dunamis Capital PLC 25,400,000/ 25.09%
3 Commercial Bank of Ceylon PLC/ Dunamis Capital PLC 4,891,692/ 4.83%

Dunamis Capital Board
BOARD OF DIRECTORS / KEY EXECUTIVES
Chairperson Mathews M. (Executive)
Managing Director Schaffter D.
Board of Directors
Rodrigo N.E.
Perera A.D.E.I.
De Silva C.L.
Wickramasuriya S.
De Mel N.C. (Non-Executive Independent Director)

Dunamis top shareholders

1 Pan Asia Banking Corporation PLC / Ms. M. Mathews 32,419,346/ 26.36%
2 First Capital Markets Limited/ Nextventures Limited 26,244,562/ 21.34%
3 Mr. D.Schaffter 20,274,918/ 16.48%
4 Janashakthi Limited 11,124,473/ 9.04%
5 Commercial Bank of Ceylon PLC / Janashakthi Limited 6,200,000/ 5.04%

Janashakthi Board

Chairman Ellawala W.T. (Non-Executive Non-Independent Director)
Managing Director Schaffter P.A. (Executive Non-Independent Director) = Prakash Schaffter
Director / Deputy Chief Executive Officer Fernando M.S.J.
Board of Directors
Coomaraswamy A. (Non-Executive Independent Director)
Schaffter R. (Executive Non-Independent Director)
Mathews M. (Non-Executive Non-Independent Director)
De Cabraal Wijetunge L.C.R. (Non-Executive Independent Director)
Perera A.D.E.I. (Non-Executive Non-Independent Director)

Janashakthi Top Shareholders

(1) Janashakthi Limited 257,707,872/ 70.99%
(2) Dunamis Capital PLC 11,500,000/ 3.17%
(3) Bank of Ceylon-No 2 A/C 11,052,216/ 3.04%
(4) Suktam Holdings (Pvt) Ltd 5,637,338/ 1.55%

ICC moves to investigate government interference at Sri Lanka Cricket

The ICC Board today considered the implications of the appointment of an Interim Committee of Sri Lanka Cricket (SLC) by the Government of Sri Lanka and whether this may be a breach of the ICC's constitution which requires free and fair elections for office-bearers within Member boards.

After considerable discussion, and without making a final decision on the matter, the ICC Board supported a recommendation of the ICC Governance Review Committee that it should write to the Sports Minister of Sri Lanka seeking a full and proper explanation of its intervention that prima facie puts SLC in breach of the ICC's constitution.

The Board further decided that, pending the satisfactory resolution of this matter, the next financial distribution due from the ICC to SLC will not be advanced to SLC and will, instead, be held in an escrow account.The Board further decided that, pending the satisfactory resolution of this matter, the next financial distribution due from the ICC to SLC will not be advanced to SLC and will, instead, be held in an escrow account.

Notwithstanding the Board's decision, Mr Nuski Mohamed — a nominee of the Interim Committee — was given the opportunity to provide information about the status of the Interim Committee, following which he was invited to attend the ICC Board meeting as an observer on behalf of the interests of cricket in Sri Lanka. Unfortunately, Mr Mohamed declined to attend the meeting on these terms and as a result there was no representative from Sri Lanka at the meeting.

The recent media comments of the Sri Lankan Sports Minister suggesting that the ICC was 'colluding' with former SLC officials were also noted and the ICC Board expressed its disappointment with the inaccurate nature of these comments. Moving forward the ICC hopes to progress this matter constructively with the Government of Sri Lanka for the good of all cricketing interests in Sri Lanka.

The ICC Board consists of the nominated representatives of each of the 10 Full Members plus three elected Associate Member representatives. The meeting is chaired by Mr Narayanaswami Srinivasan. Also present is the ICC Chief Executive.

ICC Chairman: Narayanaswami Srinivasan

ICC Chief Executive: David Richardson

Australia: Wally Edwards

Bangladesh: Nazmul Hassan

England: Giles Clarke

India: Narayanaswami Srinivasan

New Zealand: Greg Barclay

Pakistan: Shaharyar M. Khan

South Africa: Chris Nenzani

Sri Lanka: No attendee

West Indies: Dave Cameron

Zimbabwe: Wilson Manase

Associate Member Director (Bermuda): Neil Speight

Associate Member Director (Namibia): Francois Erasmus

Associate Member Director (Singapore): Imran Khawaja

http://www.islandcricket.lk/news/srilankacricket/422170416/icc-moves-to-investigate-government-interference-at-sri-lanka-cricket

Day light robbery by junior Shafters. Thank you stock guru for your contribution.
Another Arjuna Mahendra in the making.

Uncountable numbers of day light robberies. Few has come to surface. Thick blanket placed over robbers keep them in safe heaven.