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Dr Godahewa who was always smiling and and approachable to anyone in the industry anytime was the friendliest and most humble regulator SL ever had. He not only turned around the market but also strengthened survelance and investigation units. Though he didn't make a media show on investigations like his predecessors who didn't understand market sentiments during Godahewas golden era market was stable and manipulations attempts were prevented early rather than late action. Thats why even media couldn't find anything wrong in the market for two years.
Godahewa no only managed the market well but initiated a lot of things to developed it. He wanted industry to grow 4 times by 2020. Target USD 100 Bn. That means investor today should be a much richer and hapier guy by then.
He made plans to introduce products where investors can make money when market moves either way. All these plans are well documented in SEC website.
UNP never liked Godahewa because under him stock market performed and Harsha and them couldn't complain any more.
But what we hear from insiders is after election many UNP businessmen wanted Nalaka to stay and thats why his resignation was not initially not accepted unofficially. But Tilak karunaratne canvassed heavily for the job. Everyday calling SEC and threatening staff and pleading with likes of Rajitha and Ranil.
Tilak cannot be appointed as long as Godahewa stays. So they had to play dirty to get him to resign.
So sunday times as usual started its mud slinging at him going to very very cheap levels. Its a know fact that Duruthu Edirimuni and editor Felzal Samtha of Sunday times are trying to get him out now for two years.
Finally last week Godahewa has decided enough is enough and informed SEC staff that he doesn't want to stay any longer though industry badly wanted him to stay.
Now GOD only can help stock market. No more vision. No more development. Back to media show of an old politician who knows nothing else than police job.
Godahewa no only managed the market well but initiated a lot of things to developed it. He wanted industry to grow 4 times by 2020. Target USD 100 Bn. That means investor today should be a much richer and hapier guy by then.
He made plans to introduce products where investors can make money when market moves either way. All these plans are well documented in SEC website.
UNP never liked Godahewa because under him stock market performed and Harsha and them couldn't complain any more.
But what we hear from insiders is after election many UNP businessmen wanted Nalaka to stay and thats why his resignation was not initially not accepted unofficially. But Tilak karunaratne canvassed heavily for the job. Everyday calling SEC and threatening staff and pleading with likes of Rajitha and Ranil.
Tilak cannot be appointed as long as Godahewa stays. So they had to play dirty to get him to resign.
So sunday times as usual started its mud slinging at him going to very very cheap levels. Its a know fact that Duruthu Edirimuni and editor Felzal Samtha of Sunday times are trying to get him out now for two years.
Finally last week Godahewa has decided enough is enough and informed SEC staff that he doesn't want to stay any longer though industry badly wanted him to stay.
Now GOD only can help stock market. No more vision. No more development. Back to media show of an old politician who knows nothing else than police job.
