Sack Cabraal and PBJ-UNP

9 February 2013 04:33 am - 17     - {{hitsCtrl.values.hits}}

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The United National Party (UNP) yesterday urged the government to sack Central Bank Governor Ajith Nivard Cabaral and Treasury Secretary P. B. Jayasundera over allegations that they were responsible for the ‘fraudulent deal’ between the EPF and The Finance Company.

UNP parliamentarian and Public Accounts Committee Member R. Yogarajan told a news conference the government should take action against Mr. Cabraal and Mr. Jayasundere as they had approved this deal which affected thousands of EPF contributors.

He said the decision to use the EPF to invest in The Finance Company had to be approved by both Mr. Cabral and Dr. Jayasundara as prominent members of the Central Bank Monetary Board which gives the final approval for the investments made by the EPF.

Mr. Yogarajan said the PAC had decided to question Mr. Cabraal and Mr. Jayasundere regarding this deal. He said the reports that the PAC had accepted the explanation given by EPF officials was totally false.

Mr. Yogarajan said all those responsible would be summoned by the PAC. He said labour ministry officials would also be summoned.
The EPF purchased shares in the loss making The Finance Company at Rs.50 a share when the actual price of a share was Rs.30.(Yohan Perera )
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  Comments - 17

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  • Jagath Leanage Saturday, 09 February 2013 06:00 PM

    Two failed officials.

    Mahinda raja Saturday, 09 February 2013 09:20 AM

    Mahinda Chintanayata Jayawewa.

    janaka Saturday, 09 February 2013 09:23 AM

    MR please have a committee formed to investigate and impeach both.

    ab Saturday, 09 February 2013 12:00 AM

    good idea. Our country needs patriotic economists. This is the need of the hour. via DM Android App

    weha Saturday, 09 February 2013 04:41 AM

    In this regime The number of frauds you commit is proportional to how qualified you are .

    Ranish Sunday, 10 February 2013 12:00 AM

    I know Nivard Cabral from my ICA study days. From that time to now what a change we see in him. he used to be one of those high ranked real professionals. But now he is a real joker. what a transformation. Now he is one of MR's faithful puppets. via DM Android App

    sl Saturday, 09 February 2013 12:00 AM

    They have done nothing for development of the country. Contry needs real persons for these prestigious posts. via DM Android App

    jane Saturday, 09 February 2013 05:20 AM

    Miracle of Asia

    Sujith Perera Monday, 11 February 2013 03:16 AM

    Yana yaka korahath bindagena yanannai yanne.

    Motta Rala Saturday, 09 February 2013 02:16 PM

    Hello Janaka...MR cannot do that, as then the truth and ''other t'ruth'' will also be exposed and HE also will be implicated..So How??

    PRASANNAJIT Saturday, 09 February 2013 07:24 AM

    This is not only the miracle of Asia but going to be the miracle of the world.

    Saliya Wickremasuriya Saturday, 09 February 2013 12:00 AM

    The entire nation knows that there are two humle laundry cleaners. via DM Android App

    Nalaka Saturday, 09 February 2013 03:19 PM

    Is there any Gold reserve or Foreign currency reserve left in the Centrsal Bank. Don't worry people are printing their own money in their homes.

    Gemini Saturday, 09 February 2013 03:31 PM

    Mun dennama loka horu with state protection.Nothing can be done.

    Ha Ha Ha Monday, 11 February 2013 04:10 AM

    Our Money Sir ?????????

    Ratna Saturday, 09 February 2013 03:44 PM

    I wonder from where Punchi Banda Jayasundara got his doctorate?

    John Saturday, 09 February 2013 04:36 PM

    University of Kelaniya.....?


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