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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » How Did Rajendra Theagarajah got the CEO seat at NDB

How Did Rajendra Theagarajah got the CEO seat at NDB

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Barren Wuffete


Stock Analytic
Stock Analytic
Do you wish to become a Banking Dealmaker in Sri Lanka by arranging Leverage Buyout Deals that earns you a CEO post when you loose a Job!

The Story. Read Below!

HNB is a leading Licensed Commercial Bank of Sri Lanka
Somewhere before 2008 as far back in 2007 their MD/CEO Rajendra Theagarajah led management offered a bigger loan as big as Rs.1.4 billion to an entrepreneur from Galle -Ashok Pathirage - to buy Asiri Hospital Holdings...

(HNB hadn't offered such big loans to anybody in history as per bankers...except for government of Sri Lanka. Also wheny you go to HNB it is very difficult to get a loan for people.Don't know how Pathirage's software company that time went for such a big loan.)

After that he started building a Platinum conglomerate with many hospitals,insurance company and a finance company,stock brokering company and a stake in a top Investment and a development bank - NDB - in the country while also helping a Malaysian Pastor -Vijay - the founder of Gold Quest to pull out Sri Lankan investments little by little.

Today when Theagarajah loose his job when he asked for 5 year extension from Ranee Jayamaha and when she refuses giving only 2 years extension Theagarajah quickly gives his resignation from HNB and Theagarajah gets a quick job at NDB Bank as its CEO.Thanks to Ashok Pathirage from Galle who owns a majority of NDB!

Is this our banking industry. Once Raj Rajaratnam told if he was in Sri Lanka he can easily invite the Judge for Dinner and give a Rs.50,000 cheque and withdraw the case by getting away away from Insider Trading.

Some say similarly in some banks in Sri Lanka if you offer a Bird to the CEO,or Chairman or offered some great gifts and couple of lunches,dinner at exclusive places you can easily get a loan without going for a background check on credit risk and exposure.

References Link for Softlogic IPO Prospectus -Page 6 -

http://www.softlogic.lk/ipo/ipo-docs/Softlogic%20Prospectus%20Final%20File.pdf

Content - Hatton National Bank PLC Rs.1,400 million (Rs.1.4 billion) Loan with AWPLR+1.5% to Softlogic
Holdings Ltd for the Acquisition of 153,362,050 Asiri Hospitals Holdings PLC Shares (Mandatory offer)



Last edited by Barren Wuffete on Tue Apr 09, 2013 4:22 am; edited 1 time in total

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
We don't need these type of gossip in the talk section.
Should be in the prison.

Barren Wuffete


Stock Analytic
Stock Analytic
@Redbulls wrote:We don't need these type of gossip in the talk section.
Should be in the prison.

This is not gossip..These are true facts so far what ever I have posted.It seems this forum is not the forum that used it to be anymore.

Gossip is what people talk without facts.Go find out talk to top CEOs,Chairman in the country and businessmen in the country.You will know what it is.

Dear Redbulls I do not know who you are but if you actually know who I am you will end up in a surprise!

But I am only another member for this forum.

I used to be a only a viewer in this forum since a long time ago.That is why only 10 posts so far.This forum revealed most of the best stories in the stock market long time ago when started.Such as Galadari Debt conversion,Janashakthi brothers buying Orient finance,CDIC selling Aviva,Asia Capital selling Asian Alliance even before news broke it.They were only facts that time nobody talked about those as gossip.

Even you were not there in this forum.Not even admins of this forum who come and post regularly.

I was there..only as a viewer! And I made lots of profit from this forum thanks to the topics that had exclusive content...unlike now.

Barren Wuffete


Stock Analytic
Stock Analytic
And redbulls and admins remember what is the stock market section is for

Home of the Forum Says

Stock Market Talk
Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Moderators: smallville, econ, slstock, Monster, Sstar, UKboy, sriranga, npp, K.Haputantri, Chinwi, tkc, Rajaraam


So even if some other member comes and post a 'A Real Gossip' you can't just move it to prison.Because the heading says it.First follow Principals of this forum.Just an humble request because I know there are almost many forums coming up grabbing the unsatisfied users here.Don't like to see this forum losing its original power and brand.

Some stock market experts and SEC regulators and leading people in the capital market industry says that once a small US Banker (who was shown and showcased as a leading fund manager in USA to Sri Lankans) who is a son of a Sri Lankan Popular Professor didn't want to accept the job as a Director General of SEC because the members of this forum started talking about him 'mentioning he is not suitable for the post. but you people may not know these facts in the industry!

I wish this forum a success!

Barren Wuffete


Stock Analytic
Stock Analytic
I know a person who made Rs.6 million profit within a day by following a tip on Blue Diamonds given in this forum by a member.

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Barren, keep posting brother.

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Good one.

In this way they can control a whole country. - Specially the downfalls to unrealistic levels (like we experienced last few months) create unexpected opportunities to the clever people to grab icons of a country.

Due to silly mistakes we do in these times we miss rare opportunities to step into higher positions in this field.

piyalpy


Manager - Equity Analytics
Manager - Equity Analytics
I don't think this post as a gossip. he has given logical facts with a reference. It is our duty to filter it out and absorb.

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
These type of posts should be tolerated in the forum provided it does not lead to defamation or slander of a person. There are many conspirational theories that we hear daily, but very few can be considered true.

I also realize that the Forum does not provide stock tips/gossip like what it used to carry before. I am not sure whether it is due to members not providing them or moderators not allowing them to be posted in the forum? Either way, I think it is time that both members and moderators give a little bit of thought to this aspect to retain the enthusiasm and the popularity of this forum as the Sri Lanka's leading stock market discussion platform.

Oracle797

Oracle797
Equity Analytic
Equity Analytic
Agreed with 'Barren Wuffete;..Coz we all need to accept that this forum is not generating that enthusiasm .. So its be good to talk about some good news and analysis based on their personal view. If you want accept it just accept ,otherwise just ignore. that's it.

I think some of our new comers might not know those news,So its better to give some directions to them to do their own analysis and come to a conclusion.

salt

salt
Vice President - Equity Analytics
Vice President - Equity Analytics
This is not something which is not known. Many people including myself suspected this. Now only the link was brought in, LKR 1.8 billion..... Yes, it is Sri Lanka, thing this are common.... Very common.... Rajaratnam may be correct. But, there are many ethical people, we should salute ....

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
GMNet wrote:These type of posts should be tolerated in the forum provided it does not lead to defamation or slander of a person. There are many conspirational theories that we hear daily, but very few can be considered true.

I also realize that the Forum does not provide stock tips/gossip like what it used to carry before. I am not sure whether it is due to members not providing them or moderators not allowing them to be posted in the forum? Either way, I think it is time that both members and moderators give a little bit of thought to this aspect to retain the enthusiasm and the popularity of this forum as the Sri Lanka's leading stock market discussion platform.

At last you realized it ?


Why should people give valuable hints, analysis or news they get when they get disgraced by self appointed controllers or nonexistent created by some guys ?

When someone publishes any comment, there is a bunch of real people or fake people jump in and give their verdict, give orders to do this and that, write this way that way.

Who asked them to control others ?

Normally, in the public forums, most of the fake accounts are run by some interested person linked to the forum to invoke momentum or guide the forum to the point they desired without disclosing their identity.

As you have given your own ideas, I do not think it is happening here.

I stopped publishing any hints , critical news / gossip, about stocks I collect many months ago.

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
@Chinwi wrote:
GMNet wrote:These type of posts should be tolerated in the forum provided it does not lead to defamation or slander of a person. There are many conspirational theories that we hear daily, but very few can be considered true.

I also realize that the Forum does not provide stock tips/gossip like what it used to carry before. I am not sure whether it is due to members not providing them or moderators not allowing them to be posted in the forum? Either way, I think it is time that both members and moderators give a little bit of thought to this aspect to retain the enthusiasm and the popularity of this forum as the Sri Lanka's leading stock market discussion platform.

At last you realized it ?


Why should people give valuable hints, analysis or news they get when they get disgraced by self appointed controllers or nonexistent created by some guys ?

When someone publishes any comment, there is a bunch of real people or fake people jump in and give their verdict, give orders to do this and that, write this way that way.

Who asked them to control others ?

Normally, in the public forums, most of the fake accounts are run by some interested person linked to the forum to invoke momentum or guide the forum to the point they desired without disclosing their identity.

As you have given your own ideas, I do not think it is happening here.

I stopped publishing any hints , critical news / gossip, about stocks I collect many months ago.


At this juncture I can only say double standard existing here.
Barren Wuffete please continue your valuable service to our forum.

K.Haputantri

K.Haputantri
Co-Admin
Guys, I have difficulty in openning page 6 of SHL Prospectus using the link given. Can open upto page 5 and the moment I click to open page 6 the screen goes blank. ?Can any one explain this issue.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Valuable information given by Barren Wuffete

Can somebody tell who is Barren ?

hunter

hunter
Moderator
Moderator
Well...
I rate this post as eye opening.
Now only It shows me the true meaning of a lesson our primary school teachers preached those days.
'Child, be like a bright lotus coming out of muddy water'.

It seems only very few people have fully understood the true meaning between the lines. Now They are like shining lotus and their Roots are in deep rotten mud.

Slstock

Slstock
Director - Equity Analytics
Director - Equity Analytics
Firstly, I think this post is okay as some info is given in a presentable way. The key to understand an intention of a writer is to see how one presents him/her self.

Is it mudslinging, it is personal promotion , is it personal agenda are is one sharing of info/gossip?

This post is bit of a gossip as far as I can see and according to some facts presented there maybe some partial truth as these things can happen in business world.

I rarely take action unless I have to as we try to tolerate many ideas as possible which does not cause harm to forum health. Sometimes we watch over year before an action is taken.

Time to time people appear in the forum to mudsling or promote politics, drag topics out of focus or create disharmony amongst members.


This post is okay and this is personal opinion.

seek


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Chinwi wrote:
GMNet wrote:These type of posts should be tolerated in the forum provided it does not lead to defamation or slander of a person. There are many conspirational theories that we hear daily, but very few can be considered true.

I also realize that the Forum does not provide stock tips/gossip like what it used to carry before. I am not sure whether it is due to members not providing them or moderators not allowing them to be posted in the forum? Either way, I think it is time that both members and moderators give a little bit of thought to this aspect to retain the enthusiasm and the popularity of this forum as the Sri Lanka's leading stock market discussion platform.

At last you realized it ?


Why should people give valuable hints, analysis or news they get when they get disgraced by self appointed controllers or nonexistent created by some guys ?

When someone publishes any comment, there is a bunch of real people or fake people jump in and give their verdict, give orders to do this and that, write this way that way.

Who asked them to control others ?

Normally, in the public forums, most of the fake accounts are run by some interested person linked to the forum to invoke momentum or guide the forum to the point they desired without disclosing their identity.

As you have given your own ideas, I do not think it is happening here.

I stopped publishing any hints , critical news / gossip, about stocks I collect many months ago.


Agreed with Chinwi,

There was a person, who told the PMB run early in the morning and if I am not mistaken he gave the hint for PAP also. There were many genuine guys to disclose some hints to the market but now only handful of people exists in the forum.
I think Gaja gave the hint for SOY correctly.

We should encourage such things at the same time protecting new comers from unethical promotion.

By the way, Chinwi you can PM some hints to me (if you don’t mind). I will send you a nice smile if I can earn some bucks. That is only I can do. Cool


Deva


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
GMNet, Chiwi, seek etc, Totally agree with you. We don't see contributions from many people who provided hints, tips and the knowledge of their expertise.
There are several categories of investors profiting from this forum. We as part time players like to hear from the expertise who are involved full time.

There are too many people trying to add unwanted comments/ controls which discourage the free flow of ideas. It's fair to control promotional comments without any facts, purely with the idea of manipulation.
Happy trading. Smile



Last edited by Deva on Tue Apr 09, 2013 11:29 am; edited 1 time in total

K.Haputantri

K.Haputantri
Co-Admin
@K.Haputantri wrote:Guys, I have difficulty in openning page 6 of SHL Prospectus using the link given. Can open upto page 5 and the moment I click to open page 6 the screen goes blank. ?Can any one explain this issue.
Checked the page 6 of the prospectus through CSE web. Barren, your facts are correct. Hence, your post is OK by me as long as you take the responsibility for the insinuations made on the recent appointment based on that fact.

As for the tips, all what I can say is they should be supported by hard facts and analyses, not gossip. This is because there are so many novices as well as old members who might get mislead by un-substantiated tips. Happy trading!

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