$1,000
is all it takes
Despite the government's professed commitment to eradicating corruption,
old habits die hard, even at the island's premier investment agency.
A prospective investor in a technology-based venture recently found
to his dismay that the approvals process was stalled abruptly.
Inquiries revealed
that the delay was deliberate and that for $1,000 he could get the
required approvals.
Dashing
coconuts
Pramuka Bank depositors are expected to gather at the Kaali Amma
Hindu Kovil, Mutwal today to dash coconuts in a symbolic gesture
to invoke the wrath of the gods on, and curse those responsible
for, the bank's collapse. Some 15,000 depositors have been affected
by the crisis.
Palitha Gamage,
President, Pramuka Bank Depositors' Association, said investors
are unlikely to try reviving the failed bank unless the Central
Bank announces that Pramuka will not be liquidated. He expressed
disgust and surprise at the long silence of the Central Bank, since
they submitted their Pramuka restructuring proposal on September
17. |