Investors not interested in who’s SEC Chief - Cabraal

28 August 2012 10:07 am - 44     - {{hitsCtrl.values.hits}}

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Central Bank Governor Ajith Nivard Cabraal said investors were not interested as to who was the Securities and Exchange Commission Chairman when they invest in the stock market.

“There is an influx of Rs.29 billion in foreign exchange in the Colombo Stock Exchange (CSE) from foreign investors,” he said. “Sale of the shares is one of the several functions of the stock market.The shares available in our stock market are reliable and investors are aware of this. That is why they are investing in a large scale. They are not concerned about the individuals holding office in the SEC.”

Mr. Cabraal said some took minor issues seriously because shortcomings could be corrected if we looked at these issues with an open mind. (Shamila Perera)

  Comments - 44

  • usaguy Tuesday, 28 August 2012 01:54 PM

    Dutugamunu should be the next SEC boss...ha ha ha

    Padma Jayasinghe Tuesday, 28 August 2012 02:17 PM

    Surely Investors are not interested in who's SEC Chief, but only concerned about the fraudulent malpractices committed in SEC.

    pankaj Wednesday, 29 August 2012 03:30 AM

    wait and see, he will soon be appointed as the President of the ICASL

    Premalal Tuesday, 28 August 2012 04:14 PM

    Your decisions lost billions from the poor workers EPF funds. No wonder you don't fancy an honest regulator

    CITIZEN Wednesday, 29 August 2012 04:07 AM

    Of course, they are only interested "who is the fool who heads the country's Central Bank"!!!!!!!

    CHANDRAPALA Wednesday, 29 August 2012 04:08 AM

    Mr.Cabral, you have already show your performance to the country. Billions of public funds have lost to the country due to lack of your professionalism in the banking field. But still you are holding your position without any trouble because, you are a political appointee. Since you have only academic qualifications you have no moral right to make such statement about the SEC.

    mohan Tuesday, 28 August 2012 10:30 AM

    yep , inverters happy after cabraal took steps to nail exchange rate. t@ Rs125. :p

    Citizen Perera Tuesday, 28 August 2012 10:33 AM

    Birds of feather flock together.

    kingasanga Tuesday, 28 August 2012 10:35 AM

    yes, investors may not. BUT defiantly they interested comments made by ex-chairman

    Game Over Tuesday, 28 August 2012 10:17 AM

    Hmmm... yes. As long as there are other Stock markets to invest on..

    priya Tuesday, 28 August 2012 10:32 AM

    The best thing is to appoint the former Chairman of the National Savings bank as the Chairman of the SEC.

    Kondeybendapucheena Tuesday, 28 August 2012 10:22 AM

    Mr.Cabrall,When you people go around wondering who will come here to invest

    Wimal_Modawansa Tuesday, 28 August 2012 10:50 AM

    hoooooooo is SEC head?????

    shan Tuesday, 28 August 2012 10:42 AM

    Yes.Peoples are not care Who is the Coverner of the Central Bank.Is He a Gentleman or otherwise?

    MOHAMED Tuesday, 28 August 2012 11:08 AM

    CABRAAL IS THE BEST PERSON TO HEAD THE SEC TO BOOST THE MARKET TO 7000 LEVELS LIKE HE DID FOR USD

    Investor Tuesday, 28 August 2012 11:09 AM

    AS LONG AS IT IS NOT YOU!

    Dalu Banda Tuesday, 28 August 2012 11:09 AM

    Dear Mr Kabral, can you have an idea as the Governor of Central Bank of Sri Lnaka, of the persons involved illegal activities in the stock market.

    A Real Accountant Tuesday, 28 August 2012 05:44 PM

    This man, Cabraal is seriously undermining the entire accounting profession. I hope the ICASL throws this guy out of membership soon.

    willows Tuesday, 28 August 2012 11:10 AM

    accountants trying to be come ?????

    Sammy Tuesday, 28 August 2012 05:37 PM

    Do not try to sweep issues under the carpet. Obviously Cabraal is a lackey of the government and the President and is bound to say such things. It is not about who is the chief of the SEC but about crisis in integrity, when people of good caliber resign, twice over.

    Milanka Tuesday, 28 August 2012 10:54 AM

    You are correct, 99% of investors are not interested, only 1%, but who can influence (probably) over 50% of the transactions. (percentages are merely my assumptions)

    mr. gamarala Tuesday, 28 August 2012 05:59 PM

    "Mr. Cabraal said some took minor issues seriously because shortcomings could be corrected if we looked at these issues with an open mind. "

    Issue is stealing/pump and dump/money laundering
    Open mind = willing to take a bribe or look the other way

    Anto Jay Tuesday, 28 August 2012 11:15 AM

    This joker is only an accountant and not an economist to head the Central Bank of Ceylon.

    Heshan Tuesday, 28 August 2012 10:55 AM

    what an idiot!!! how the hell did he become CB governor??? surely when you have a corrupt stock market this will not attract any investments.

    ling Tuesday, 28 August 2012 05:44 PM

    He is just a mouth piece. We know who said that.

    Francis Wednesday, 29 August 2012 06:29 AM

    Just like Central Bank does not need an economist to be the Governor an accountant would do . He is another idi.....

    John Wednesday, 29 August 2012 06:19 AM

    Mr Cabraal, you suffer from Foot & Mouth disease - every time you open your mouth, you put your foot in, whether as CB chief or as plain "accountant Cabraal", You have overseen mass malpractices during your tenure and scared off involvement from qualified professionals too?

    Lobo Tuesday, 28 August 2012 11:20 AM

    Those interested in money laundering only will come here to invest.

    Cynic Wednesday, 29 August 2012 06:52 AM

    Nivata Cabraal has put his foot in his mouth once again.

    reaper Tuesday, 28 August 2012 11:22 AM

    I second it. If Book Keeping Accountants runs the country - expect more worse!

    Palitha Galapitiya Tuesday, 28 August 2012 11:30 AM

    Then Why did you`ll appointed him.You could have run that without a head.....????

    saradiyal Tuesday, 28 August 2012 11:54 AM

    If this was an independent institution as it is supposed to be, investors will not care who the head is. But when a person who has done the right thing is forced to leave it affects the credibility of the institution and the whole country.

    patana Tuesday, 28 August 2012 11:34 AM

    Of course. Nobody can deny finance ministry the right to appoint any old corrupt stooge so that the mafia can freely loot the investing public.

    truth Tuesday, 28 August 2012 11:46 AM

    You have no credibility left Mr Cabral. you are just a spineless puppet for rulers.

    Palitha Galapitiya Tuesday, 28 August 2012 11:49 AM

    Taking-up a Central Bank Post also a Daylight Robbery.....

    Fayad Tuesday, 28 August 2012 12:03 PM

    Very True Mr Cab but they are worried what is taking place at CSE Don't behave like a politician. .

    Siripala Tuesday, 28 August 2012 12:07 PM

    I really do have a good laugh at the same old garbage Cabraal always put out , not so much the rose tinted glasses more like heads in the sand, and I often wonder what planet he is on.
    How this man that deny the reality of a situation can remain in the position he hold is a constant mystery to me.

    ANURA Wednesday, 29 August 2012 08:06 AM

    But the investors are worried about you as the Central bank boss.

    Dollar Boy Tuesday, 28 August 2012 12:34 PM

    Hi Cabral
    You a another joker like Wimal

    Sam Tuesday, 28 August 2012 12:26 PM

    but we interest who is in charge of central bank

    Bingo Tuesday, 28 August 2012 12:28 PM

    Ok ..then appoint a Dummy Chairman...How about mad Silva's?? (Dr. & Kudda)

    Kolitha Wednesday, 29 August 2012 09:10 AM

    Kata Ariyoth Iwarai.......

    navi Tuesday, 28 August 2012 01:30 PM

    yes true, that is when the country has a central bank govener


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