CFA Institute considers professional sanctions against members over Bond Commission hearings

CFA Institute considers professional sanctions against members over Bond Commission hearings

CFA Institute considers professional sanctions against members over Bond Commission hearings

Written by Keshala Dias

19 Dec, 2017 | 9:04 pm

The Chartered Financial Analyst Institute is considering professional disciplinary sanctions against at least three of its Sri Lankan CFA charter holders.

The Ceylon Today newspaper, quoting a CFA source, says these members are those whose names were mentioned during the hearings of the Bond Commission.

According to the source quoted by Ceylon Today, the Disciplinary Review Committee of the CFA Institute has started investigations, depending on publicly-available information, against its three Sri Lankan charter holders including the Central Bank Employees Provident Fund’s former Chief Dealer B.H.I. Saman Kumara and Sri Lanka Insurance Corporation former Deputy General Manager – Investments, Dhanuka Liyanagamage.

Based on the Bond Commission’s recent revelations, the Central Bank has already interdicted Saman Kumara and two EPF Department Assistant Superintendents: Naveen Anuradha and T. Udayaseelan.

Meanwhile, Sri Lanka Insurance Corporation have temporarily suspended their Investments Head Dhanuka Liyanagamage.

The Ceylon Today says, Sri Lanka Insurance Corporation carried out an internal inquiry against Liyanagamage and temporarily suspended his services.

A forensic report on Communication Information Analysis prepared by the CID, found a large number of communication between Arjun Aloysius – the owner of the Perpetual Group and others including Saman Kumara and Dhanuka Liyanagamage.


Are you interested in advertising on our website or video channel
Please contact us at [email protected]