Peace for the World

Peace for the World
First democratic leader of Justice the Godfather of the Sri Lankan Tamil Struggle: Honourable Samuel James Veluppillai Chelvanayakam

Saturday, February 11, 2012

Will resign if pressurized – Chairman of Securities and Exchange Commission

Saturday, 11 February 2012 

Head of the Securities and Exchange Commission, Thilak Karunaratne has informed the Presidential Secretary that he would resign from the post if he was placed under political pressure.
Karunaratne has made this statement referring to requests being made by the racketeers in the stock market from MP Namal Rajapaksa to appoint a youngster named Epasinghe, who had lived in the US for some time, as the director general of the Securities and Exchange Commission.
Karunaratne has explained that he has now understood that the Presidential Secretary’s wife, Indrani Sugathadasa was forced to resign from the Commission due to undue pressure from the mafia in the stock market headed by Nimal Perera, Dilith Jayaweera, Varuni Amunugama and her husband Rohan Fernando.
According to Karunaratne, he had closely looked into the reports and recommendations made about the four individuals in an investigation carried out by the Commission and that it was evident that they are responsible for the fall in the stock market.
Karunaratne has informed Lalith Weeratunge that although applications had been called to appoint a director general to the Commission that fell vacant after the transfer given to Malik Cader, the Commission had not identified any suitable candidates for the post.
Karunaratne has observed that investors were weary to enter the Colombo Stock market due to the irregularities that took place in the stock exchange in the recent months and that it was the likes of Nimal Perera and Dilith Jayaweera who defrauded billions of rupees using political influence in the stock market who are responsible for the situation.