EPF funds does not belong to CB to squander

Wednesday, 20 February 2013 00:19 - - {{hitsCtrl.values.hits}}

The Central Bank has taken great pains to justify their purchase into finance shares a bankrupt entity at the time of the purchase.

The Employee Provident Fund (EPF) is only expected to invest in viable entities and good companies that can give dividends.

The Central bank does not own the money of the EPF, they are owned by poor workers of this country.

The EPF is also accused for buying 30+ million shares of Laugh Gas at a price of Rs. 48 per share in 2011. The reason to pay a 20% premium, when the share was trading at less than Rs. 40 a couple of days earlier is uncertain.

Ceylon Grain Elevators too was bought paying a huge premium. Why? Can the Central Bank respond to these questions?

The legitimate Chief Justice was sacked for conduct unbecoming, of a public servant by not declaring her accounts and getting a discount for her sister.

The Central bank top man is accused of corruption and mismanagement. Where is justice and how long the contributors can watch their fund making losses in billions.

What is the media doing, is there money at the EPF as well?

Davinda Dissa

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