Speaking on the efficiency of the Maithripala-Ranil led government, Minister of Finance Ravi Karunanayake was quoted to have said that the Sri Lanka Insurance Corporation run by his recently appointed retired police sergeant brother in law T.M.R. Bangsa Jayah, has shown a significant growth of revenue as high as 35 percent since January this year.

Sri Lanka Insurance Corporation’s (SLIC) Managing Director Bangsa Jayah the former police sergeant and brother in law of the Finance Minister Karunanayake, was appointed to his post after the new government assumed power. “I have nothing to do with it” the minister was quoted.

The SLIC comes directly under the purview of the Ministry of Finance.

In a miraculous turn of events at SLIC, the Finance Minister was quoted to have told Lanka Business Online “it’s better to appoint a go getter rather than an inefficient professional. In insurance you have to appoint go getters rather than inefficient people and the revenues have increased 35 percent for the past four months.What more do you want? You should see how efficiently the Insurance Corporation runs now” the Finance Minister was quoted to have said.

Sri Lanka Insurance website says;

MR.T.M.R.BANGSA JAYAH APPOINTED AS THE MANAGING DIRECTOR OF SRI LANKA INSURANCE

Mr. T.M.R.Bangsa Jayah is a retired commissioned Police Officer, who has experience in the Police service for 29 years. During his career with the Police Department he worked as the Chief Security Officer for the Deputy Speaker and North- East Governor.

He is a product of St.Anne’s College, Kurunegala and has studied further in Aquinas College, Colombo. During his school period he has excelled in sports including Cricket and Soccer. He is a member of School Cadetting Team and has held rank of Company Sergeant Major. After his schooling he has completed his First In Laws at the Law Faculty, Colombo.

Mr.Bangsa Jayah has experience in construction industry for more than 15 years and he has been a principal partner in a well known piling company.