day light robbers in robes of yahapalanay

lost nation of sinhala moday

Replace one crook with a bigger one in-house

FYI – Courtesy of Dick

Shame! Disgusting!  Only Firing Squads will help clean the Augean stables of Sri Lanka. 

Who appointed this fellow? He should have been thoroughly checked out. This is a classic case of “insider trading”, punishable in the US with heavy fines and jail terms.

Team Sirisena will quickly lose all credibility by having such people run the country.  Damn it – I was so hopeful that change had finally come, and the poor and wretched of Sri Lanka could at last look for a better and brighter future.

 

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Subject: FW: Biggest Sri Lanka Rupee Bond Fraud

CABRARL APPEARS TO BE IN THE SHADE, IMAGINE ONLY WITHIN 50 ODD DAYS OF THE YAHAPALANAYA !!!!!!!

Subject: Biggest Sri Lanka Rupee Bond Fraud

Biggest Sri Lanka Rupee Bond Fraud

DetailsCreated On Wednesday, 04 March 2015 13:24  Category: General

The entire business community was shocked with the blatant abuse of power of the Central Bank Governor Arjuna Mahendren to help his infamous son in law Arjun Aloysius, known for his infamous EPF deals with the previous government, resulting in the fund losing over 2 billion Rupees.

To date the government has not investigated a single transaction and it will never happen under the current regime. To add to all this the  Central bank recently announced its 30 year bond and according to Central Bank expectations the rates were expected to be in the range of 9.5%. However, the rate went up to 12.5% on a directive of the new Governor Mahendran. His son in law however new about this well in advance and cashed in raking in a big profit.

The main bidder his son in law who bid at 12.5% obviously had inside information and as a result gained high profits where as the banks and the other financial institutions who made their bids according to the public information given by Central Bank lost out to the company owned by Mr. Mahemdren's son in law.

Also, during the last week several 5-10 year bonds at low rates were sold by CB Governors' Son in law Arjuna's company and reinvested in the 30 year bond , because he had inside information from the Central Bank that the rates would go up to 12.5%.

CB governor's son in law were involved in the previous regime's EPF dealings amounting to Billions as well, no action has been taken so far against his company Perpetual ltd. Now he has taken it to another level because he has the support of his Governor Father in law and the Prime Minister whom he refers to Uncle Ranil in conversations. God save mother Lanka , we have jumped from one frying pan to a bigger frying pan.

Good Governance Activist