The people of Sri Lanka clearly gave a
mandate for the new Govt. to immediately establish GOOD GOVERNANCE in order to
protect the Country from the Robber Barons in Business and Politics. NO
QUESTION ABOUT IT!
SO why is it so hard to do that?
People’s power rules OK. We also know that the same Robber Barons are at work
in this Govt. as it was in the last. We just have to be two steps ahead of the
Barons, as they are “ONLY deal makers to enhance their wealth”, make no bones about
it.
As if it not obvious to the observant
intelligentsia of which Sri Lanka is sadly lacking in number, the way the
profits of NDB has fallen has shocked even the department heads who are running
it. With it the share-price, and the Barons are ready to pounce, buy cheap and
take control despite Govt. rules to the contrary.
What is even sadder is that the Govt. is
acting in an impotent manner, and hence are not safeguarding the interests of the
public who own a third of the Bank, to say nothing about passive institutional
investors who are merely spectators, watching in shock horror at what has
happened to the share price.
Just look at investors who have
purchased shares in the last month to get a feel for who they might be, who in
concert with the rogues on the Board are about to take the bank to the cleaners
to maximize their return at the expense of the State.
Thanks to my previous blog the PM has
been notified of the threat, and as we all know he cannot be bought for all the
tea in China, is trying to prevent this daylight robbery. The problem is that a
senior minister in his Cabinet has been bought over by the Robber Barons and is
trying to kibosh the Govt. in its bid to take back control.
Let’s go back to basics. NDB must be a
Bank to help Sri Lankan entrepreneurs as a Development Bank. They should tie up
with international banks who are willing to help fund this exercise, invest,
take control throw the rogues out, put them in jail if found guilty of
inappropriate practices and be a lesson to the potential deal makers, that if
treachery is proved, where the assets of the people are stolen, they will have
to face the consequences, with NO MERCY, just because they are billionaires.
One or two examples is all it takes to clean up the mess, and we will take back
ownership of our destiny from a whole bunch of Robber Barons, only about 100
acting in concert to enhance their wealth at the expense of the people. Await
more scoops here to save the Country
The MD should be asked to repay his salary of Rs7M a month the highest ever paid to any MD in history! for a man who was fired from HNB. Who is responsible for such daylight robbery? It is only a matter of time when the whole stinking mess will get investigated and the perpetrators locked up.
ReplyDeleteHeads have to roll. WHen all other banks are making record profits for these people to purposely run this down is unforgivable and the sooner the fraud is exposed the better.
Where is the Bank supervision in the CB on all this? DO your job, find the culprits and book them without delay, before they have time to clear out the evidence.
Huge fraud to be carried out. To dilute Govt. shareholding, overpay for assets, and clean out NDB, using MRs illegal drug money returning to SL via Fund Managers.
ReplyDeleteBe aware and stop this and prosecute the 4 directors directly implicated in this crime collectively as one plot to defraud the Government and the Company.