LRA’s rating abuse stopped

Tuesday, 14 July 2015 14:54 - - {{hitsCtrl.values.hits}}

Untitled-4 What a relief, sir. Has the SEC and the Central Bank prevented a local bank and finance company collapse by cancelling or blacklisting the license of the Lanka Rating Agency headed by accountant Preeti Jayawardena?

Jayawardena was a member of the previous Central Bank Governor’s harem and a member of Cabraal’s CHOGM junket to St Kitts – an extravaganza, a silly schoolboy-type “adventure” at the country’s expense, which had no relevance to monetary policy and which failed.

By the way who was on the Monetary Board then? Importers of milk and exporters of T-shirts? Now there are umpteen activists about bonds. They have all become James Bonds, but were mice in the drains with no voice then.

Where were the Chandra Jayaratnes then? Now let us see Chandra J’s fellow member in the chartered profession, LRA’s Preeti Jayewardene’s preposterous behaviour.

Anil Fernando