SEC Chief Tilak Karunaratne is reportedly under pressure to call it quits.
Some said it was on account of his recent remarks which have put President and Finance Minister Mahinda Rajapaksa in an embarassing spot, hence he was told to quit. It was alleged he had overstepped his mandate of capital market regulator.
Others maintained Karunaratne is calling it quits on his own volition as he doesn't find the environment conducive to function independently.
He has received both
criticism and bouquets from different market participants as the head of SEC.