Wijeyadasa and the privatisation of Insurance Corporation

Wednesday, 23 August 2017 00:00 - - {{hitsCtrl.values.hits}}

Dear Editor,

I write with reference to my letter dated 16 August on the above subject attached.

I was able to download from the e-book on ‘Sri Lanka Insurance Corporation Privatisation’ by Nihal Amarasekera, the attached four letters dated 9 February 2005 and 11 April 2005 addressed by the Attorney General to Ernst & Young and PricewaterhouseCoopers, putting them on Notice that legal action would be taken for professional negligence and for wrongful conduct causing loss to the Government of Sri Lanka.

The above reveals that the Sri Lanka Insurance Corporation fraud had been investigated and discovered as far back as early 2005, long before the COPE report of 12 January 2007, where Wijeyadasa Rajapakshe is seeking to take credit for the above! What a shameless falsehood to mislead the public?

The question arises as to why the Secretary to the Treasury had not pursued with the above legal actions on behalf of the Government of Sri Lanka?

C. Ramachandra, FCA