Cabraal SL’s economic bugger all gambling with public funds- is worse than Sakvithi fraudster –Tissa
Wednesday 11 of July 2012
(Lanka-e-News-11.July.2012, 3.30PM) The UNP Gen . Secretary , Tissa Attanayake , speaking at a media discussion yesterday (10) said , defying the clear and stern opposition to it of the Auditor General, and violating all fiscal regulations the Govt.’s Central bank in its Greece fried dried fish investment lost a colossal Rs. 34000 lakhs !
This loss was revealed when questions were posed at the COPE committee meeting recently .Because the Greece economy collapsed first in the European financial crisis , the SL’s investment in 2011 was a total loss.
The Govt. auditor General had made it absolutely clear in his prior warnings against this investment as it is risky. Greece is a country that had during the past experienced continuous economic crises. When these were pointed out , the Central Bank Governor had admitted that our country had lost Rs. 3400 million.
The governor tried to defend himself by saying , the Central bank went into this investment because it desired to reap more profits. This is like Sakvithi ‘s investments or worse . This same Central Bank of Cabraal warns the public via notices against investing in Financial Institutions which are not registered and having problems. But this same bank that advises others has invested in Greece , a country which is well and widely known for its dire economic mess, because of the greed for profits ! How wonderful is this ? , he asked .
The Govt. says , it invested in this fried dried fish deal earlier and earned Rs. 1240 million for six years . But the Central Bank has lost Rs. 3400 million just in the Greece investment alone. What is this comic and magic in the reckless deals and investments of Cabraal and Govt.
Are these monies from the personal funds of Cabraal or President or any other of the Govt.? The fiscal responsibility belongs to the Parliament , yet the Govt. has played ducks and drakes with these public funds without Parliamentary approval. Mind you , these are foreign loans taken from the IMF .
Investments are made to augment our foreign assets But in this case our debts have increased. We frown upon the Central Bank’s frivolous attitude after this massive bungling. Cabraal should stop this gambling with people’s money which is worse than robbing. We will be taking action against this gambling Governor , Attanayake asserted.
Wednesday 11 of July 2012
(Lanka-e-News-11.July.2012, 3.30PM) The UNP Gen . Secretary , Tissa Attanayake , speaking at a media discussion yesterday (10) said , defying the clear and stern opposition to it of the Auditor General, and violating all fiscal regulations the Govt.’s Central bank in its Greece fried dried fish investment lost a colossal Rs. 34000 lakhs !This loss was revealed when questions were posed at the COPE committee meeting recently .Because the Greece economy collapsed first in the European financial crisis , the SL’s investment in 2011 was a total loss.
The Govt. auditor General had made it absolutely clear in his prior warnings against this investment as it is risky. Greece is a country that had during the past experienced continuous economic crises. When these were pointed out , the Central Bank Governor had admitted that our country had lost Rs. 3400 million.
The governor tried to defend himself by saying , the Central bank went into this investment because it desired to reap more profits. This is like Sakvithi ‘s investments or worse . This same Central Bank of Cabraal warns the public via notices against investing in Financial Institutions which are not registered and having problems. But this same bank that advises others has invested in Greece , a country which is well and widely known for its dire economic mess, because of the greed for profits ! How wonderful is this ? , he asked .
The Govt. says , it invested in this fried dried fish deal earlier and earned Rs. 1240 million for six years . But the Central Bank has lost Rs. 3400 million just in the Greece investment alone. What is this comic and magic in the reckless deals and investments of Cabraal and Govt.
Are these monies from the personal funds of Cabraal or President or any other of the Govt.? The fiscal responsibility belongs to the Parliament , yet the Govt. has played ducks and drakes with these public funds without Parliamentary approval. Mind you , these are foreign loans taken from the IMF .
Investments are made to augment our foreign assets But in this case our debts have increased. We frown upon the Central Bank’s frivolous attitude after this massive bungling. Cabraal should stop this gambling with people’s money which is worse than robbing. We will be taking action against this gambling Governor , Attanayake asserted.
