Fri, 03 Dec 2021 Today's Paper

Securities regulator arrested for funds misuse

7 December 2015 02:59 am - 0     - {{hitsCtrl.values.hits}}


REUTERS:  A top securities regulator was arrested on Friday in Sri Lanka on suspicion of financial misappropriation, a police spokesman said.

Dhammika Perera, the Deputy Director General of the Sri Lankan Securities and Exchange Commission, is now under compulsory leave.

He was arrested by the Financial Crime Investigation Department, police spokesman Ruwan Gunasekera said, after a seven-month investigation of a suspected Rs. 5 million (US$34,940) misappropriation that occurred in 2013.

The money was given to a youth organisation, Tharuyata Hetak or “Better Tomorrow for Youth”, headed by Namal Rajapaksa, a parliamentarian and the eldest son of former president Mahinda Rajapaksa, police said. Perera headed the SEC investigation unit in Rajapaksa’s government.

Prime Minister Ranil Wickremesinghe, addressing a function at the Colombo Stock Exchange on Wednesday said the country needs an efficient and transparent stock market and want Colombo Stock Exchange to grow and become the center for 
South Asia.
“It also requires complete confidence in the stock exchange so it’s best you address these issues for yourself,” Wickremesinghe said at a ceremony in Colombo to mark 30 years of the foundation of the Colombo Stock Exchange on Wednesday.

Sri Lanka’s stock market index plummeted over 36 percent after reaching a record high of 7,863.74 points on February 15, 2011.

  Comments - 0

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

A Sri Lankan giving dignified burials to unclaimed bodies for five decades

After their death, most people are memorialized at a service, surrounded by g

Focus on Laggala Gem mining big shots bigger than the law

The truth is now being uncovered regarding an illegal mining racket in state

How and why the TNA was formed twenty years ago

The Tamil National Alliance (TNA) is now twenty years of age. The premier pol

India lays emphasis on culture diplomacy with Sri Lanka

Indian Prime Minister Narendra Modi wanted to inaugurate the Kushinagar Inter