FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post
Poll

Can there be another Covid-19 wave in Sri Lanka?

 
 
 

View results

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer


Latest topics

» Price prediction on GRAN and TAFL
by Mr. X Today at 11:11 am

» DVP is unfair?
by niru Today at 10:59 am

» Delivery Versus Payment (DVP) on CSE!
by niru Today at 10:56 am

» ASSOCIATED MOTOR FINANCE COMPANY PLC (AMF.N0000)
by ForeigNer Today at 10:32 am

» EXPOLANKA HOLDINGS PLC (EXPO.N0000)
by DimuthuKW Today at 10:09 am

» RAIGAM WAYAMBA SALTERNS PLC (RWSL.N0000)
by shakthi1974 Today at 7:54 am

» ALLIANCE FINANCE COMPANY PLC (ALLI.N0000)
by Gaudente Yesterday at 11:55 pm

» Daily Foreign Transactions update
by Pradeep90 Yesterday at 11:08 pm

» LUCKY LANKA MILK PROCESSING COMPANY PLC (LLMP.N0000)
by Eranx Yesterday at 11:04 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by Zahara khan Yesterday at 10:40 pm

» Directors' Dealings 23/06/2021
by SAGA Yesterday at 10:07 pm

» SINH.N0000 (SINGHE HOSPITALS)
by SAGA Yesterday at 9:45 pm

» Top Foreign Trading today - 23/06/2021
by SAGA Yesterday at 9:05 pm

» Stock Market Entertainment
by samaritan Yesterday at 5:55 pm

» TOP 20 LISTED COMPANIES BY FINANCIAL CHRONICLE™
by Eranga87 Yesterday at 3:29 pm

» DVP යනු කුමක්ද? Explained
by samaritan Yesterday at 1:58 pm

» Money Printing Up Rs15.8B
by ResearchMan Yesterday at 11:58 am

» GLAS will be winner with Super Gain.
by ONTHEMONEY Yesterday at 7:16 am

» Top Foreign Trading today - 22/06/2021
by SAGA Tue Jun 22, 2021 8:50 pm

» RWSL for short term profits
by madukp Tue Jun 22, 2021 5:17 pm

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Arittha in Cartwheel on SEC

Arittha in Cartwheel on SEC

Go down  Message [Page 1 of 1]

1Arittha in Cartwheel on SEC Empty Arittha in Cartwheel on SEC Mon Oct 01, 2012 8:45 am

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics
Got this in my mail this morning. It's from Lanka E News, not the most reliable source of information around.

Sidath


Arittha in Cartwheel on SEC



(Lanka-e-News -27.Sep.2012, 4.00PM) Arittha Wickramanayake, ex DG-SEC was a loud critic of the mafia alleged to have manipulated the Stock Market. He even said in disgust that everyone should get out of it. He has now turned turtle by joining the mafia installed Chairman-SEC, Dr. Nalaka. DailyFT headline of 26th September says it all.

As DG-SEC, it was splashed in newspapers that Arittha did not get on with SEC Chairman, highly respected C.P. De Silva, who also condemned the manipulation of the Stock Market through pumping and dumping, and means of deception and perception.

Attached Letter written by a Director of Brokers, Forbes & Walker complaining to C. P. De Silva, Chairman SEC, blows the lid of his credibility.

Arittha’s law firm Nithya Partners were involved in the illegal hedging deals by Petroleum Corporation. This law firm were lawyers for Petroleum Corporation and not the Attorney General. Having been at the AG’s Department, Arittha would have known the correct practice.

When the controversy broke, Arittha stated that his firm had only dealt with the Master Agreement. The following part of the High Court Judgment in the Standard Chartered Bank case discloses that the firm had approved the transactions in the Schedules. The evidence recorded is revealing.

“330(Cool The Master Agreement, including the terms of its Schedule, was considered by and negotiated between SCB and CPC’s Chief Legal Officer (Geetha de Fonseka) and Nithya Partners, over a number of months.”

Should not the Petroleum Corporation and Government sue Arittha’s law firm for the losses incurred ?

Dr. Harsha de Silva, MP is the only person exposing the true facts. The public should be grateful to him. He should be supported.

On the other hand, the DailyFT alias the Foolish Times is leading for an Award – as the best News manipulator, supporting the manipulators and not reporting as a newspaper.

Arittha appears regularly on Derana TV of Dilith, as legal expert. Has Arittha’s cartwheel also been by dealer fixer Dilith, who played a lead role in the SEC fiasco ?

How did Foolish Times only get the news that 50 Letters had been sent out ? Did the Commission approve these Letters ? How were the parties selected ?



There are SEC investigations pending regarding Share dealings of Colombo Land & Development PLC of which Dr. Nalaka is Chairman. How could he when investigations are pending be appointed as Chairman SEC ? Foolish Times over to you !

Arittha is also legal advisor to Taprobane Securities which belongs to Ajith Devasurendra and is run by Dinal Wijemanne - both involved in the TFC – NSB deal.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum