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Last Updated : 2024-05-19 08:43:00
2 July 2023 03:16 pm - 8 - {{hitsCtrl.values.hits}}
The government has given step-motherly treatment to the Employees Provident Fund (EPF) of the working people in its Domestic Debt Restructuring (DDR) programme, whereas cronies of the government including primary dealers and private bondholders have been exempted from the process, former NPP MP Sunil Hadunnetti said.
He told a news conference that the government has provided concessions to its cronies while the EPF of the working people was being looted in several stages.
He said the Central Bank Governor and the Finance Minister have misled the whole Cabinet and Parliament in the tactful looting of the EPF.
"Primary dealers such as Perpetual Treasuries Ltd., private bondholders and banks involved in the CB bond transaction have been left out from the debt restructuring process. According to the DDR, the EPF of the working people invested in Treasury Bonds are paid a 12 percent interest rate till 2025 and from 2026 to 2038, only a 9 percent fixed interest is paid. This does not apply to primary dealers and others,” he said.
He said MPs who voted to introduce the DDR programme should apologize to the working people, who had voted them to office, for the damage caused to the EPF.(Ajith Siriwardana)
Dee Sunday, 02 July 2023 09:17 PM
This guy is hitting on the ‘working class’ who will believe anything! And yet we claim a high literacy rate!
EPF is being ruined, while business owner with bonds thrive Sunday, 02 July 2023 09:57 PM
Where is the fairness. How can the government exempt the primary dealers such as Perpetual Treasuries Ltd., private bondholders and banks while only targeting the voiceless EPF, which has the most voters connected to it. Disappointed the SJB is staying mute about the unfairness, as probably they get much donations from the Primary dealers.
Mahila Monday, 03 July 2023 12:49 AM
When the whole country - all citizens were affected and suffering deprivation and starvation - due to DOLLAR crisis, the reason for DDR as the call for FDR, and clamour for IMF 'Extended Facility', which has atleast by eased the level of suffering of the 'masses', this "CLOWN" is coming up with claims, "Just Like The Other One", before for instance "The Millennium Challenge Corporation (MCC)" - by his ERSTWHILE COMRADE IN ARMS, "Weeraya Wimale", since disproved and OFFER terminated and MCC fund’s Grant OFFER (destined for SL), diverted (in 2020 unable convince successfully, ‘Stupefied SL’s politicians - Calibre of WW/Gommanpillai) to Afghanistan, same GRANT OFFER OF USD 550 MILLION in October 2022 to Afghanistan!!?? SL Loss was AFGHANISTANS' GAIN!!!??? Imagine outcome, IF ELECTED TO Govern in next GE!!?? NOTHING DIFFERENT – ‘GR2019, Buffoonery Bunch 2020’!!!???
Jayampathi Monday, 03 July 2023 02:39 AM
All present and former members of the Carlton Lodge are directly responsible for the grave situation.
Sivalingam Monday, 03 July 2023 03:47 AM
Organiser peaceful protests outside the houses of the leeches of Diyawannawa.
Quo vadis Monday, 03 July 2023 03:48 AM
What is the JVP doing about it ?
Sivalingam Monday, 03 July 2023 03:48 AM
Nandalal was the deputy of Arjuna Mahendran in 2015.
"Demo-cracksy" Tuesday, 29 August 2023 11:22 PM
The leader that the people chose has not held the Presidency, but everything goes under the US PLOT running the country, picking up a real PUPPET of Sri Lanka i.e. none other than Ranil Wickremasinghe.
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