Heartless blood sucking parasitic Rajapakses halt pulse beat of People too – the People's Bank
(Lanka-e-News-17.Aug.2013, 10.30PM) The largest State bank in Sri Lanka , the People’s Bank is to be purchased by the Rajapakses, and towards this all underhand activities are being resorted to. The President Mahinda Rajapakse who is also the Finance Minister presented a Cabinet paper to the Cabinet when it met on the 15 th forenoon to privatize the largest Sate Bank in Sri Lanka , which the Cabinet too had approved .
Based on this proposal, since the bank is enmeshed in a financial debacle, (for which the Rajapakse regime itself is responsible ) citing building its asset base as a reason , opportunities are being offered to the private sector to invest via the share market . By an amendment to section 29 of the People’s bank Act 1961 , it is aimed purportedly to improve the bank’s asset base through private sector share investment.
Minister Keheliya Rambukwella , answering a question posed by a journalist at a media briefing held by the Minister on the 15 th , accepted this story as true. The legal draftsman’s department had been enlisted to prepare the draft amendment , and based on that draft amendment , the necessary steps to be taken will be made known thereafter, he explained ,.
There are several options open to the government : The government can retain 51% of the shares or it can transfer it to a private management or retain 100 % of its ownership with the government by opening the share issue in the stock broking market , he noted.
In any event , according to what has come to light, as always there is a an underhand deal in all these maneuvers , that is , a few days ago , the introduction of Namal equity value fund into the name list of the Colombo stock market .
The Colombo stock exchange announced that there is no bar to the transactions of the foreign investors ,adding that the number of shares the foreign investors can have in their funds is now unlimited.
The bottom line of all these unscrupulous and sordid manipulations of the Rajapakses is : through the spurious Rajapakse companies , purchase the People’s Bank via ‘Namal equity value fund’ .It is to achieve this fraudulent and dastardly objective , the number of shares of a fund which was limited is now abolished.
The sum total of all these diabolic manipulations is : the Rajapakes exploiting their despotic powers are seeking to own the People’s bank which was considered as the pulse of the people. Even before finishing with sucking the blood of the people , these avaricious Draculas and monsters have decided even to devour the bank that served as the pulse of the people. How can these monsters without hearts know the value of human pulse?
(Lanka-e-News-17.Aug.2013, 10.30PM) The largest State bank in Sri Lanka , the People’s Bank is to be purchased by the Rajapakses, and towards this all underhand activities are being resorted to. The President Mahinda Rajapakse who is also the Finance Minister presented a Cabinet paper to the Cabinet when it met on the 15 th forenoon to privatize the largest Sate Bank in Sri Lanka , which the Cabinet too had approved .Based on this proposal, since the bank is enmeshed in a financial debacle, (for which the Rajapakse regime itself is responsible ) citing building its asset base as a reason , opportunities are being offered to the private sector to invest via the share market . By an amendment to section 29 of the People’s bank Act 1961 , it is aimed purportedly to improve the bank’s asset base through private sector share investment.
Minister Keheliya Rambukwella , answering a question posed by a journalist at a media briefing held by the Minister on the 15 th , accepted this story as true. The legal draftsman’s department had been enlisted to prepare the draft amendment , and based on that draft amendment , the necessary steps to be taken will be made known thereafter, he explained ,.
There are several options open to the government : The government can retain 51% of the shares or it can transfer it to a private management or retain 100 % of its ownership with the government by opening the share issue in the stock broking market , he noted.
In any event , according to what has come to light, as always there is a an underhand deal in all these maneuvers , that is , a few days ago , the introduction of Namal equity value fund into the name list of the Colombo stock market .
The Colombo stock exchange announced that there is no bar to the transactions of the foreign investors ,adding that the number of shares the foreign investors can have in their funds is now unlimited.
The bottom line of all these unscrupulous and sordid manipulations of the Rajapakses is : through the spurious Rajapakse companies , purchase the People’s Bank via ‘Namal equity value fund’ .It is to achieve this fraudulent and dastardly objective , the number of shares of a fund which was limited is now abolished.
The sum total of all these diabolic manipulations is : the Rajapakes exploiting their despotic powers are seeking to own the People’s bank which was considered as the pulse of the people. Even before finishing with sucking the blood of the people , these avaricious Draculas and monsters have decided even to devour the bank that served as the pulse of the people. How can these monsters without hearts know the value of human pulse?
