He used to pump and dump useless shares such as PCH some times back.
NP is a prominent business personality and the chairman of PABC. He is also acting as Director of many PLCs in Sri Lanka.
How do the general public be confident on our stock market when a trusted personality like NP acting in this way. He makes massive profit at the expense of poor investors. He buys cheap and creates demand for the share and dump it to poor investors. Eg: He entered RCL around 80 and pumped it till 106 and disposed his stake at 106. Then the price dropped to 99. He is also one of the directors of RCL.
Doesn't SEC have to investigate into this? How many people trapped into RCL because of NP. There should be a minimum period of holding say 6 months for the directors of the company to protect the poor investors from people like NP.