Home / Letters to the Editor/ Wijeyadasa and the privatisation of Insurance Corporation

Wijeyadasa and the privatisation of Insurance Corporation


Comments / {{hitsCtrl.values.hits}} Views / Wednesday, 23 August 2017 00:00


01Dear Editor,

I write with reference to my letter dated 16 August on the above subject attached.

I was able to download from the e-book on ‘Sri Lanka Insurance Corporation Privatisation’ by Nihal Amarasekera, the attached four letters dated 9 February 2005 and 11 April 2005 addressed by the Attorney General to Ernst & Young and PricewaterhouseCoopers, putting them on Notice that legal action would be taken for professional negligence and for wrongful conduct causing loss to the Government of Sri Lanka.

The above reveals that the Sri Lanka Insurance Corporation fraud had been investigated and discovered as far back as early 2005, long before the COPE report of 12 January 2007, where Wijeyadasa Rajapakshe is seeking to take credit for the above! What a shameless falsehood to mislead the public?

The question arises as to why the Secretary to the Treasury had not pursued with the above legal actions on behalf of the Government of Sri Lanka?

C. Ramachandra, FCA


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Bright star Imran Khan could well go the way of his predecessors

Saturday, 21 July 2018

Imran Khan, the Pakistani cricket star, anti-corruption crusader and politician, appears to be within reach of his cherished goal of winning the 25 July Pakistan National Assembly (NA) elections and becoming Prime Minister.


Top Cola brand crashing globally; lesson for Sri Lanka

Friday, 20 July 2018

We have heard the age old adage, if a brand is not in line to the trends of a customer, they will cease to exist over time.


Religion and politics: a tale of two hypocrisies

Friday, 20 July 2018

It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief,


Sri Lanka’s Trade Information Portal – Bringing local traders one step closer to the global market

Friday, 20 July 2018

Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry


Columnists More