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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Clean up muck!

Clean up muck!

2 posters

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1Clean up muck! Empty Clean up muck! Thu Oct 25, 2012 11:51 pm

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

...to attract more investments to Colombo bourse - Harsha
* UNP, PA government officials behind SLIC, LMS, Waters Edge deals should be brought before the law
* EPF investments bigger scandal than NSB-TFC deal


UNP Economic Spokesman Dr. Harsha De Silva said there were bigger fish that had to be caught for carrying out a series of fraudulent and illegal financial transactions, and urged authorities to clean up the ‘muck’ in the Colombo Stock Exchange so as to develop a vibrant, credible market.

"The bribery commission must not wilt under pressure but press charges against even bigger fish serving today at much higher positions, and also those white collar criminals at the centre of these scams who are masquerading as business giants. No one can clap with one hand," Dr. De Silva said.

"If it is possible to clean up the muck at the Colombo Stock Exchange then it would be possible to rebuild confidence in the market that will have a strong positive impact on the right kind of investments required to meet Sri Lanka’s post war challenges in development," he said.

The Island Financial Review asked Dr. De Silva whether or not the law should apply to those behind the privatisation of Sri Lanka Insurance Corporation, Lanka Marine Services Ltd (both during a UNP government) and the Waters Edge deal (during the PA government).

"Yes certainly the law must apply to previous deals as well," he said.

"And, the EPF deals must be investigated as well. I am certain the fraud committed there is far bigger than the recent TFC deal," the National List MP said.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=64551

2Clean up muck! Empty Re: Clean up muck! Fri Oct 26, 2012 7:08 am

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Dr Harsha sometime make statement against the market when there is a upward trend in stock market.
However what he has said to ISLAND is 100% correct
main man responsible for present situation(FROM 2010 to date) is one person
holding very important Post Not PBJ
Corruption ,mismanagement,good governance problems were there from 1980s.But these factors not effected stock market much
Govt should consider seriously on this

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