SEC Chairman resigns

17 August 2012 10:27 am - 19     - {{hitsCtrl.values.hits}}

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SEC Chairman Thilak Karunarathne tendered his resignation a short while ago, SEC officials said

Karunarathne ended a week of speculation about his resignation, tendering his resignation to the Ministry of Finance, sources said.

Meanwhile Sri Lanka's Finance Ministry said today it has still not decided on a replacement for the Securities and Exchange Commission chief as his resignation has not been accepted by President Mahinda Rajapaksa, Reuters reported. (I.S)

  Comments - 19

  • peeda mossa Friday, 17 August 2012 04:53 PM

    Dr. Tilak should have battled on until he was fired. Then the public would have had the chance of witnessing whether these manipulators are really powerful enough to force the hand of even the president. Had he done so, it would have been an inestimable service to our nation.

    K.V.Wajira Hemantha Friday, 17 August 2012 10:40 AM

    A gentleman leaves like a gentleman !!1 Good luck for your Future,,,,,,

    willows Friday, 17 August 2012 10:38 AM

    honorable people cannot last long in this political wilderness??

    Ken Friday, 17 August 2012 10:43 AM

    A Victim of Politicised Business

    Nodrog Friday, 17 August 2012 10:52 AM

    Proves that there is no place for honest people or anyone who is not a yes-man

    Roger Friday, 17 August 2012 10:36 AM

    You have taken the most Honorable Decision in sake of the Future of SL

    Calistus Jayatilleke Saturday, 18 August 2012 06:03 AM

    Rather than a question of honesty or dishonesty of an incumbent, this resignation is an indication of the general breakdown of law and order in the country. The Regulator is obviously captured by the Mafia who are well protected and safeguarded by the powers that be just like they protect the rapists and murderers among them. This resignation will now pave the way for the appointment of a member of the Mafia itself to fill the vacancy. And then they will all live happily ever after!

    weha Friday, 17 August 2012 11:07 AM

    When people start getting old they get the urge that they should make good with their creator. think this is also one instance of that. that will also explain to you why some people do a few good things just before they retire after all the bad stuff they have done.

    Dunya Saturday, 18 August 2012 06:23 AM

    Thilak is honourable Gentleman and a respectable Sinhala Budhist.Good that he resigned with self-respect intact.

    Realist Friday, 17 August 2012 11:17 AM

    He is a buddhist and there is no creator in buddhism. Christians of course may have grouses against him when considering his activities in SU and JHU.

    oscar kenneth Saturday, 18 August 2012 06:48 AM

    he would have done this long time back

    Sudubanda Friday, 17 August 2012 01:28 PM

    If you are honest... difficult to survive in this country.

    Jagath Leanage Saturday, 18 August 2012 08:41 AM

    Nobody can rescue share market.

    Lunudehi Saturday, 18 August 2012 08:55 AM

    You can’t sore like an eagle when you have to slog with goose!

    kumaraya Saturday, 18 August 2012 09:14 AM

    Never mind the honour or dishonour; what is going to happen to the Stock market, its investors and the image of Sri Lanka?

    Game Kolla Saturday, 18 August 2012 09:45 AM

    Are these roughs in stock market above the law? Why can't our finance minister to take strong action against this BUSINESS CROOKS?


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