Namal gets SEC to give millions to Tharunyata Hetak
- Wednesday, 16 October 2013
President Mahinda Rajapaksa’s son, MP Namal Rajapaksa has got the Securities and Exchange Commission (SEC) to provide millions of rupees to his Tharunyata Hetak movement.
It has been revealed that the SEC had given monies close to Rs. 5 million to Tharunyata Hetak for “awareness creation regarding capital markets.”
Director General of the SEC Dhammika Perera has told the media that the funds were provided to Tharunyata Hetak due to the “penetration the movement has in the country.”
“The funds were provided to cover the costs for the organisation and for it to conduct awareness programmes on capital markets,” he has said.
However, Tharunyata Hetak has received funding from businessmen and many government institutions on Namal’s directive.
The SEC, which is the regulator of the Colombo Stock Exchange, has been marred by controversy with the resignation of its Chairpersons Mrs. Indrani Sugathadasa and Tilak Karunarathne.
Sugathadasa resigned stating she could not carry out her duties with a clear conscience.
Karunarathne when handing his resignation alleged that the stock market was controlled by a mafia but stopped short of naming the individuals behind the mafia before his resignation.
- Wednesday, 16 October 2013
President Mahinda Rajapaksa’s son, MP Namal Rajapaksa has got the Securities and Exchange Commission (SEC) to provide millions of rupees to his Tharunyata Hetak movement.The SEC, which is the regulator of the Colombo Stock Exchange, has been marred by controversy with the resignation of its Chairpersons Mrs. Indrani Sugathadasa and Tilak Karunarathne.
