Written by Lahiru Fernando
25 Jan, 2018 | 10:48 pm
Former chairman of the Securities and Exchange Commission says that there were no irregularities in the SEC under his tenure. Nalaka Godahewa said “As where SEC is concerned, for the last three years, wasn’t there a single noise about that?”
According to Godahewa, the problem with the SEC is that the ‘capital market’ which was there has been destroyed.
Though Godahewa says these things, his past tells another story. Nalaka Godahewa, the former Chairman of SEC was arrested on December 7, 2015 along with two others.
They were arrested in connection to their alleged involvement in conspiring to misappropriate five million rupees of funds of the SEC.
Charges levelled against the trio occurred at the SEC in 2013 and they were later released on bail by the Colombo High Court on January 21, 2016.The case will be taken up for consideration once again on the February 14, 2018.
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