Friday Nov 22, 2024
Monday, 3 February 2020 00:39 - - {{hitsCtrl.values.hits}}
I read with much interest the article on the bond scam in the FT. The FT is the only genuine business paper to read. We need other papers to create a public forum like in India. That is the only way we can get public servants to be more accountable to the people. Both Cabral and Mahendran should never have been appointed to the top job of the economy. Why is the EPF under the Central Bank? It should be managed by the worker representatives; it is their money. Only Sri Lanka or in Africa would public funds be used to buy stocks in unlisted companies. What was JVP doing all these years? Anura, your slip is showing. What about the other trade unions? Why are they so silent? The relationships of people connected with the two Governors were given. Is it ethical for Cabral to be Governor when his brother-in-law was NDB Chairman, sister Director of a commercial bank, cousins Directors of private banks, his sister-in law director of a private bank, his brother-in-law Director of DFCC and nieces Directors of private banks? He was giving a fit and proper assurance to all of his relatives as Governor. Mahendran was far worse. His son-in-law and family were doing big business with the Central Bank. Both those who appointed them should be questioned. A forensic audit must be done of the transactions of the EPF share-buying spree, to know who was dealing with the shares. This will tell us how some people became rich overnight. The latest bond report will certainly impact SLPP at the next election. Cabral and Mahendran are both big liabilities now to their respective political parties; they must be dealt with by the respective parties swiftly. This is not a political witch-hunt but rather a cleansing operation for the country. The President would do well if he cleaned up his stables. The question is, will he, and can he?
Ronald