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Economic hit-men in Lanka: Harsha

30 July 2012 11:14 am - 6     - {{hitsCtrl.values.hits}}

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Economist and UNP parliamentarian Harsha de Silva charged that the real “economic hit-men” are those responsible for the transactions that resulted in an enormous loss of public funds

Dr. De Silva told the Daily Mirror those responsible for the losses in the derivatives, equities and the fixed income market were the very same individuals.

“The country funds were gambled in the derivatives market through the hedging deal resulting in a loss of 27 billion rupees, the EPF funds invested in the stock market have incurred a loss thus far of up to 12.2 billion rupees and the Greek Junk bond deal has resulted in a loss of close to eight million dollars,” he said.

Dr. De Silva said the individuals responsible for these transactions have to be held accountable.

“If you look at the people behind these deals they are one and the same. All of them have to be held accountable, it’s not their personal money that they are playing with but instead are plundering the wealth of the nation,” he said. ( Hafeel Farisz)
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  Comments - 6

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  • Daya Tuesday, 31 July 2012 09:20 AM

    Buz investments are always with risk. If this loss could have been avoided if the risk assessment and better investment opportunities available at the time of decision was made then he is right. If not he is just a politician with economic knowledge. :D

    senavi Monday, 30 July 2012 11:40 AM

    Sir, judging from the past nothing will happen to them if another government come into power

    Jayasekara Monday, 30 July 2012 01:58 PM

    Was there any similar situation where EPF funds were misuse by officials

    kalutaraboy Tuesday, 31 July 2012 01:53 PM

    This Dr is a Bu... Sh....er I have heard him lots of nonesence only what happend to the money Karu Rs 7billion,Mech Credite Milinda another 8 Billion and so and so......

    Ralph Anthony Kernr Tuesday, 31 July 2012 07:23 AM

    On totaling the figures it comes to around 54 billion Rupees innocent ratepayers being robbed by these rouges.

    Money talksz Wednesday, 01 August 2012 12:15 AM

    Must be an International conspiracy.

    they could have saved 27 billion rupees if they had kept the money in their pockets.


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