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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Bribery Commission files case against former NSB Chairman

Bribery Commission files case against former NSB Chairman

+5
Kithsiri
K.Haputantri
wiki
Slstock
VISA
9 posters

Go down  Message [Page 1 of 1]

VISA


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Bribery Commission files case against former NSB Chairman

October 25, 2012 10:41 am
The Bribery and Corruption Commission has filed action at the Colombo Magistrate Court against former National Savings Bank Chairman Pradeep Kariyawasam for alleged corruption in The Finance Company (TFC) and NSB transactions.

The Commission to Investigate Allegations of Bribery and Corruption commenced investigations into the controversial share transaction between the National Savings Bank (NSB) and The Finance Company (TFC) last month.

Former NSB Chairman, Pradeep Kariyawasam was summoned by the Commission to record a statement on the NSB-TFC transaction, sources told Ada Derana.

The deal involves a 13 per cent stake of The Finance Company (TFC) being bought by the NSB on April 27 at around Rs. 50 a share. This was through four separate transactions involving two TFC directors and NSB Chairman Pradeep Kariyawasam, when the share market price was hovering around mere Rs 30-31 a share.

Org Link
http://www.adaderana.lk/news.php?nid=20212

Look like thing are getting ugly between Judiciary and Executive



Last edited by VISA on Thu Oct 25, 2012 11:38 am; edited 1 time in total

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Thanks for article but please make title

NON ALL CAPS

wiki


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@VISA wrote:
Look like thing are getting ugly between Judiciary and Executive

Be Cool this is SL

K.Haputantri

K.Haputantri
Co-Admin
?When are they sueing for Greek Bond & Piramid scheme scams.

Kithsiri

Kithsiri
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Waste of Tax payers money only. Very Happy

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
After the court case he might be the MP in the govt side. (Obviously he earned the basic qualification to be the post no?)

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics
@Redbulls wrote:After the court case he might be the MP in the govt side. (Obviously he earned the basic qualification to be the post no?)


so true. Any way this should be fun to watch, even though I expect nothing concrete to come out of it. After all the chief justice is his wife. Very Happy Very Happy Very Happy

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
MEWA AHALA PANA PALAYAN PEREDA

malanp


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

I think this is to blackmail chief justice, his wife.

she must have refused to support the goverment.

Balloth ekka laggama makkan ekka nagitinna we...

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