Last Updated : 03-09-2014 02:51

 

 
 

It was a mistake-Govt

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The government today admitted that the controversial share deal between the National Savings Bank and The Finance Company did not conform with laid down procedure of the Finance Ministry and as such Treasury Secretary P.B. Jayasundara had suspended the transaction.
 
Government spokesman and Minister Lakshman Yapa Abeywardene said Dr. Jayasundara was inquiring into the questionable purchase by the NSB of a 13 per cent stake in the TFC at about Rs.50 a share while the market value was nearly Rs.31.The Rs.390 million transaction had taken place on April 27.
 
“The government will not protect any one and strict action will be taken against those found to be guilty not taking into account their status or post they hold. Our view is that this transaction has not been done in conformity with the accepted procedure and therefore it can’t be considered a legal share market deal,” the minister said.( Sandun A. Jayasekera)

 
 

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Comments 

 
-0+109 # Achari 2012-05-11 17:24
horungeth horu kamba horu
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-1+28 # Wimal_Modawansa 2012-05-12 09:14
Machan Jayasundara.Employ a thief to catch another thief>
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-0+22 # Wimal_Modawansa 2012-05-12 09:17
What is not legal in Sri Lanka?
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-1+15 # Yehiya 2012-05-12 10:16
PB having learn & lesson from the history. But statement never solve the problem.Need the culprit to book.
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-2+3 # Joseph 2012-05-12 17:33
Mistake or not abide by the rules. Tell NSB to pay up as the stock market may have a free fall. Investigate after paying please. Rules are rules.
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-1+86 # Royalist 2012-05-11 17:27
Ha, ha... we are laughing... what is 19 Rupees between friends... ha, ha, ha...
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-0+108 # Gihan 2012-05-11 17:27
Nothing will hapen
Whats the bet? End of the day we are the fools
banana republic
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-0+26 # Nodrog 2012-05-12 06:46
Some junior guy will be punished while the major offenders will live to strike again.
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-1+78 # malkanthi 2012-05-11 17:30
So a big baby is placed at the top position of NSB?? lol
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-5+90 # Achari 2012-05-11 17:30
The President and the Government should resign immediately.
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-5+9 # chris 2012-05-12 06:34
Are u serious... !!!!
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-0+76 # FLY 2012-05-11 17:31
crooked deals. cheaters. poor people suffers.
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-0+74 # FLY 2012-05-11 17:35
if caught its become a mistake.otherwise cheaters can earn for the generations just from a
single deal
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-1+65 # Kondebandapucheena 2012-05-11 17:36
So what is your Point are you going to reverse it or NOT ,I M WORRIED ABOUT MY Deposits in NSB
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-2+0 # Joseph 2012-05-13 12:57
Rs. 365 million is peanuts for NSB...
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-1+67 # DCOL 2012-05-11 17:49
Mis-take or Mis-fired?
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-0+56 # Sam 2012-05-11 17:50
All those responsible for such 'mistakes' must be held accountable and criminal charges must be framed against the. Of course if it goes to Supreme Court the case will go on for the next 10 years.
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-4+78 # buffaloa citizen 2012-05-11 18:21
"strict action will be taken against those found to be guilty not taking into account their status or post they hold" itself lets the cat out of the bag. The same statement is made whenever Mervyn mucks up, and action. Minister, you are puppet made to read what the regime tell you and that is your utter shamelessness.
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-1+20 # MR 2012-05-11 23:00
FOGET IT .
IT IS SIMPLE MISTAKE.

"Treasury Secretary P.B. Jayasundara IS TOO MUCH SMART".

He will enjoy his early retairment soon.
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-1+7 # MagodisThuma 2012-05-12 06:03
Yes...It's just a simple mistake !
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-0+14 # Kudukaraya 2012-05-12 06:46
Dear Minister,

This is not a mistake, Simply day time robbery, Need punishment
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-0+21 # Gona 2012-05-12 06:47
Husband of the CJ is the chairman of NSB. now, I'm sure CJ will decide her husband is innocent. I love Sri Lanka. "Country like no other!"
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-0+11 # Ranjith 2012-05-12 07:01
Mistake at our cost?
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-0+16 # Calistus Jayatilleke 2012-05-12 08:46
It is a "mistake" because it was exposed by the Opposition: Otherwise, it will go down as just another shady deal under the carpet and the perpetrators would have become richer by a few billions. It is doubtful if the deal can be reversed and it is more doubtful if the culprits would ever be punished for their crime.
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-2+4 # Jay 2012-05-12 09:06
Be cool guys, it has been nothing much as the share to be taken by the wheel dealers only rs 50 m it seems.

so they have earened much more than this amount before, even the public not knowing about it.
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-1+11 # lame 2012-05-12 09:18
oh I made a mistake too by signing off on a deal to buy shares. in the TFC last week. I would like to cancel this transaction now please! Please grant me permission. Oh and also I made a bad investment in Vanik. Can you cancel that transaction also please? Thank you sir :-)
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-0+14 # Imran Hussein 2012-05-12 09:21
Its not a mistake, its a crime almost committed had it for the media and opps. You cannot just getaway saying its a mere mistake. We know the culprits behind this embezzlement
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-1+11 # Manu 2012-05-12 10:55
every thing is a mistake... what about 125 bn debet from two banks ..
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-1+10 # Renu 2012-05-12 11:15
Mistake No No deliberately done to get richer, law in their hands , legal action ??? who will sit on the bench, cultured & law abiding people like the CJ should resign on this issue, like in other countries to set an example as member of the family is involved
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-1+8 # Godaya 2012-05-12 11:32
Punish the culprits.Don,t get way by saying it was a mistake.
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-1+3 # Ruwan 2012-05-12 17:16
It was no mistake Mr. Minister it is pure and simple currency manipulation and Fraud. will the offenders be punished ? The people have their grave doubts.
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-0+5 # Dass 2012-05-12 17:40
you stab your mother to death and later say it is a mistake!
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-0+7 # gunapala 2012-05-12 18:21
we have to clean all rouges start with mr cabbral these are the people should be behind bars not great general fonseka,
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-1+7 # Dhammika 2012-05-12 18:28
NO , NO , NO the government doesnt make mistakes,

Its only the PEOPLE who make mistakes , electing goons like you all to run and ruin our simple lives.
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-1+3 # nipuna 2012-05-12 19:07
Will wait and see who and who will get punished or get promoted.........
NS
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-0+8 # Ranjit 2012-05-12 19:10
The whole government is a mistake.
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-0+8 # jaliya 2012-05-12 19:53
White van caught in the act in Kolonnawa!
Nidan kollaya caught in the act in Mahavilachchiya !
And now these frauds done in the scam exchange caught in the act!
But one thing is sure no one will accept responsibility!
Yes it was a mistake!
Better make good calculations before robbing public money next time
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-0+9 # jayantha 2012-05-12 21:07
The things are getting worse, Sri lanka needs a change.
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-0+7 # s.panabokke 2012-05-12 21:49
sack the board and punish them. This is the result when henchman are appointed.
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