Dileepa wrote:
It is pathetic to see how people get blind by money.
I do not know what Mr Karaunaraththna has done.
But remember, regulators are not there to push the market up.
They are there to regulate the market as the name implies.
It is not the regulators job to push up the market for you to take a profit.
I think regulators are doing their job OK.
It is up to the government to take measures to stabilize the economy and improve investors confident.
Do you honestly believe such an engaged person like DJ/NP will do the job of the regulator
without considering personnel benefits. We know what this duo have done in the past.
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In 2000, against the advice of the Monetary Board of the Central Bank
Samurdhi Authority purchased 14.89% shares of Pan Asia Bank at a cost of Rs. 119,625,000/=
buying 8,250,000 shares at a premium of Rs. 2 each when there was no market value for Pan Asia Bank.
At the time bank had incurred loss of Rs. 234,000,000 in the year 2000.
Bribery and Corruption Commission filed allegations to Minister S. B. Dissanayake
of depositing Rs. 200 million belonging to Samurdhi Authority in Pan Asia Bank illegally.
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Quoted below from his own words for your reference:
N Perera wrote:I was instrumental in acquiring a major stake in Pan Asia Bank by Samurdhi. I was very close to Minister S B Dissanayake.
I moved to Pan Asia Bank as a marketing person. I met Dhammika through a mutual friend as he was interested in taking a stake in Pan Asia Bank.
With that kind of "management skills and business knowledge and practical experience", ha ha the market will be sky rocketed
I don't think the President is stupid enough to do this change.
If Mr Karaunaraththna steps down as Mrs Indrani Sugathadasa did,
I'm pretty sure the market will fall down further more.