It was a mistake-Govt

11 May 2012 11:44 am - 39 - {{hitsCtrl.values.hits}}

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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 - 39

Joseph Saturday, 12 May 2012 12:03 PM

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.

Wimal_Modawansa Saturday, 12 May 2012 03:44 AM

Machan Jayasundara.Employ a thief to catch another thief>

Wimal_Modawansa Saturday, 12 May 2012 03:47 AM

What is not legal in Sri Lanka?

lame Saturday, 12 May 2012 03:48 AM

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 :-)

Imran Hussein Saturday, 12 May 2012 03:51 AM

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

Yehiya Saturday, 12 May 2012 04:46 AM

PB having learn & lesson from the history. But statement never solve the problem.Need the culprit to book.

Manu Saturday, 12 May 2012 05:25 AM

every thing is a mistake... what about 125 bn debet from two banks ..

Renu Saturday, 12 May 2012 05:45 AM

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

Godaya Saturday, 12 May 2012 06:02 AM

Punish the culprits.Don,t get way by saying it was a mistake.

Ruwan Saturday, 12 May 2012 11:46 AM

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.

Jay Saturday, 12 May 2012 03:36 AM

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.

Dass Saturday, 12 May 2012 12:10 PM

you stab your mother to death and later say it is a mistake!

gunapala Saturday, 12 May 2012 12:51 PM

we have to clean all rouges start with mr cabbral these are the people should be behind bars not great general fonseka,

Dhammika Saturday, 12 May 2012 12:58 PM

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.

nipuna Saturday, 12 May 2012 01:37 PM

Will wait and see who and who will get punished or get promoted.........
NS

Ranjit Saturday, 12 May 2012 01:40 PM

The whole government is a mistake.

jaliya Saturday, 12 May 2012 02:23 PM

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

jayantha Saturday, 12 May 2012 03:37 PM

The things are getting worse, Sri lanka needs a change.

s.panabokke Saturday, 12 May 2012 04:19 PM

sack the board and punish them. This is the result when henchman are appointed.

Joseph Sunday, 13 May 2012 07:27 AM

Rs. 365 million is peanuts for NSB...

buffaloa citizen Friday, 11 May 2012 12:51 PM

"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.

Royalist Friday, 11 May 2012 11:57 AM

Ha, ha... we are laughing... what is 19 Rupees between friends... ha, ha, ha...

Gihan Friday, 11 May 2012 11:57 AM

Nothing will hapen
Whats the bet? End of the day we are the fools
banana republic

malkanthi Friday, 11 May 2012 12:00 PM

So a big baby is placed at the top position of NSB?? lol

Achari Friday, 11 May 2012 12:00 PM

The President and the Government should resign immediately.

FLY Friday, 11 May 2012 12:01 PM

crooked deals. cheaters. poor people suffers.

FLY Friday, 11 May 2012 12:05 PM

if caught its become a mistake.otherwise cheaters can earn for the generations just from a
single deal

Kondebandapucheena Friday, 11 May 2012 12:06 PM

So what is your Point are you going to reverse it or NOT ,I M WORRIED ABOUT MY Deposits in NSB

DCOL Friday, 11 May 2012 12:19 PM

Mis-take or Mis-fired?

Sam Friday, 11 May 2012 12:20 PM

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.

Achari Friday, 11 May 2012 11:54 AM

horungeth horu kamba horu

MR Friday, 11 May 2012 05:30 PM

FOGET IT .
IT IS SIMPLE MISTAKE.

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

He will enjoy his early retairment soon.

MagodisThuma Saturday, 12 May 2012 12:33 AM

Yes...It's just a simple mistake !

chris Saturday, 12 May 2012 01:04 AM

Are u serious... !!!!

Kudukaraya Saturday, 12 May 2012 01:16 AM

Dear Minister,

This is not a mistake, Simply day time robbery, Need punishment

Nodrog Saturday, 12 May 2012 01:16 AM

Some junior guy will be punished while the major offenders will live to strike again.

Gona Saturday, 12 May 2012 01:17 AM

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!"

Ranjith Saturday, 12 May 2012 01:31 AM

Mistake at our cost?

Calistus Jayatilleke Saturday, 12 May 2012 03:16 AM

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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It was a mistake-Govt

Comments - 39

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