Bribery Commission takes former NSB Chief to Court

Published : 2:28 am  October 26, 2012 daily FT
The Commission to Investigate into Allegations of Bribery or Corruption filed report before the Colombo Chief Magistrate Court yesterday against former Chairman of the National Savings Bank (NSB) Pradeep Kariyawasam, accusing him of causing a monetary loss of Rs. 391 million to the Government by the unlawful purchases of shares of The Finance Company.
The complainant, U.L.A.D. Kithsiri Perera, an executive officer of NSB, had alleged that the former Chairman had made use of his official position to purchase the shares intentionally to cause monetary loss to the Government by purchasing 7,863,362 shares of The Finance Company.
The Commission in its report on complaint had stated that the former Chairman had committed an act punishable under Section 70 of the Bribery Commission Act.
Though this action looks commendable on the face of it, intentions as to why this has been delayed also raises questions of governance in a wider sense. Actions should not be used to influence people to do the wrong thing.
UNP MP Dr. Harsha de Silva, whilst welcoming the action against the former NSB Chairman, urged the Bribery Commission to catch the bigger fish who are equally responsible for the alleged white collar crime.

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About surenraj

“Views expressed are my own”
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