Written by Staff Writer
18 May, 2015 | 7:01 am
The Securities and Exchange Commission has recommenced broad investigations into alleged irregularities that occurred in the Colombo Stock Exchange.
Thushara Jayaratne, External Relations Director at the SEC, said investigations are underway into 16 incidents.
He added that certain files relating to the matter, have already been referred to the Attorney General.
Speaking in Parliament recently, Prime Minister Ranil Wickremesinghe said those who had committed fraud in the CSE, had destroyed the nation’s economy.
Prime Minister noted that he had ordered the Securities and Exchange Commission to conduct further investigations and will create legal provisions for these investigations.
Several weeks after the Prime Minister’s statement, the Police Financial Crimes Investigation Division, questioned businessman Dilith Jayaweera, who was mentioned by the Prime Minister, in connection to a transaction at the Colombo Stock Exchange. The FCID had grilled Jayaweera for about six hours.
According a report published on the Sunday Times newspaper, the FCID had questioned Dilith Jayaweera on irregularities in the sale of Lanka Hospitals shares to an Indian Company. The Sunday Times reports that most of the questioning was centered on how the shares of the hospital valued at 28 rupees a share, quickly rose to 64 rupees a share.
The Business Times also reported that one-time powerful stock market investor Dilith Jayaweera had been questioned by the FCID. The Business Times reported that such an interrogation was inconceivable a few months ago.
This is for the attention of the FCID…
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