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Sri Lanka Sanasa Development Bank shares may be manipulated by media? - Media Analysts

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Mettasena

Mettasena
Stock Analytic
Stock Analytic

It is circulating among top media free cocktail circles that while Sri Lanka's stock market is headed for a crash suddenly come introductory shares of Sanasa Development Bank Ltd (SDBL) will be manipulated by a different set of individuals than stock brokers and well known stock market manipulators in island due to vested interests its chairperson has with the one time Freelance Journalist turned Anti-Non Governmental Organization Campaigner in Sri Lanka Mr.Malinda Seneviratne...

Malinda Seneviratne is a freelance journalist who is given access to all print media for his political stand on the war, anti-devolution and pro-Sinhala politics that over the years had been “anti NGO”, say some longstanding NGO activists.

SANASA is a longstanding, foreign funded NGO that works on livelihood and micro financing at community level and was earlier headed by (Dr.) P. A. Kiriwandeniya with his daughter as the deputy head of the organisation. Malinda married P.A. Kiriwandeniya's daughter Mrs. Muditha Samadani Kiriwandeniya Chairperson of SDBL-who has have 1,712 share or 0.0068% stake of SDBL.

Early this year Malinda Seneviratne who had nowhere and a blogger in the island nation tipped to be the Rivira Media Corporation's Chief Editor of The Nation Newspaper overtaking prominent business Journalist Mr.Gamini Abeywardena's seat.

It is now revealed that Mr. Malinda Seneviratne Spouse of Chairperson of SDBL in his personal capacity has 1,063 shares of SDBL or 0.0042% stake.

Sanasa Development Bank PLC is supposed to be traded at Rs.125 per share and some argue how much will it shoot up with these journalists being the key point makers to readers of the 20 million populace island.

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