23 September, 2017

No Proper Probe On Suspect EPF Investments: Harsha De Silva

The United National Party said yesterday that the Parliamentary Accounts Committee (PAC) has failed to resume inquiries into the controversial investments of workers’ savings in the Employees Provident Fund (EPF) for the last 11 months, raising serious questions about financial irregularities, the Daily Mirror Newspaper reports.

Harsha

Harsha

The newspaper quotes UNP MP Dr Harsha De Silva as saying that the PAC abruptly ended inquiries into such investments of EPF savings in the Colombo   Stock Exchange on February 6, and since then nothing had moved on in this regard.

He said the PAC would not meet again for this year and therefore it would be a serious question for those interested in knowing   the predicament of their savings in the EPF, the largest fund in South Asia with savings running to the tune of one trillion rupees.  Also, the UNP MP charged EPF had not submitted its audited account reports to Parliament due for even 2011.

“We are now at the end of 2013. But, we are yet to receive the 2011 accounts report. I do not know why there is such a delay,” the newspaper quoted him as saying.

Dr. de Silva who is also a PAC member representing the opposition, said EPF savings had been invested in companies such as Hotel Galadari and Laugfs Gas. Deputy Finance Minister Dr. Sarath Amunugama is the current Chairman of the PAC.

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  • 3
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    Please wait… this large sum of money and they need more time to fabricate the accounts….

    • 2
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      Brilliant Harsha De Silva. Keep it up! Corruption and stealing of Sri Lanka’s wealth is so frequent, widespread & unprecedented. Thievs have lost track of their own crimes. Just a matter of time, before everything will be exposed to the whole world. Remember despotic ex-President of Tunisia ran away in a plane, when Arab Spring started. Aircrafft was loaded with looted national gold. Cheers!

  • 0
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    [Edited out] This comment was removed by a moderator because it didn’t abide by our Comment policy.For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2/

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    This comment was removed by a moderator because it didn’t abide by our Comment policy.For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2/

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    This comment was removed by a moderator because it didn’t abide by our Comment policy.For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2/

    • 2
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      benyamn don’t be stubborn, abide by the rules of the CT if you want us to hear your wholesome views.

  • 2
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    There will be thousands of similar issues collected in the head of time.
    This has now become taking for granted by them. Recently, having CLOSELY listend to what one of the MPs argued why Basil Rajapakshe should OFTEN work above the law – PARTICULAR MP ´s response was ” He is a powerful minister, why cant he do so”. So the mentality of average parliamentarians should dramatially be changed, if we see a greater change in system. Now, it has become to the level of metastasized cancer in progession stage. So, now the Rajapakshes have already made their audience in parliment very so credulous so that they can continue with all low level skullduggery.

  • 2
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    EPF money given to Cabrral to manage is like giving fox chickens to look after.

  • 1
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    The Buddhist monk lover is talking nonsense as usual.

    • 0
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      but you are NOT, Fu_k-u-shima !

  • 2
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    Not only EPF money all public funds are robbed by rajavassas and its close associates.

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    Ministers or Deputy Ministers should not be in the Committee which should be really independent of the government. Of course govt paarty parliamentarians should be there but should be impartial in their pronouncements.

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    If any society weakens or renders meaningless its process of Parliamentary accountability of its public income and expenditure affairs that society cannot call itself a genuine democracy. We
    have seen, far too often in recent times, Ministers either misleading
    the House, refusing by other means to provide data asked for by the Opposition and in many such ways subverting the checks and balances process. The present PM DM Jayaratne is in record of audaciously
    stating in Parliament the Govt does not have to provide nor the Opposition entitled to demand expenditure of about a billion rupees in respect of building additions to the Parliamentary Complex. In any other country, where the Parliamentary system is functional, he would have been shown the door and forced to resign in disgrace. But here????

    That is only one example of the irresponsibility of one senior Minister. Almost all of them in the present Cabinet have skeletons of this nature in their ample cupboards.

    R. Varathan

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