Bank of Ceylon Chairman, Udayasiri Kariyawasam – much in the news these days over alleged corruption deals – says the bank is facing a conspiracy by a certain group with vested interests supported by ‘some unions’ at the bank. “At the time of my appointment, there was a decision to sell all Bank of Ceylon subsidiaries, but when I was appointed, I stopped this move,” he told The Sunday Times FT adding that potential buyers ‘may be orchestrating allegations’ against him, supported by some unions at the bank.

H. M Sugathadasa, an inventor from Anuradhapura had to mortgage his house to find money to develop his machine and was on the verge of bankruptcy. Sugathadasa’s invention was a wall scrapper which made the traditional work which required lot of manual labour and material such as scaffoldings a thing of the past. However finding an investor was not easy for him. When he came to the Inventions Commission he was desperately looking for an investor but the way he marketed his product from Anuradhapura didn’t attract any investors.

A top international accountant has called for the accountancy profession in Sri Lanka, throughout South Asia and around the world to foster an environment in which corruption cannot exist.