Thilak Karunaratne will be assuming duties as Chairman of the Securities and Exchange Commission (SEC) tomorrow (Wednesday), SEC officials said. He replaces Nalaka Godahewa who was appointed by former President Mahinda Rajapaksa after an outcry by some powerful investors including Dilith Jayaweera saying strict rules by the SEC was dampening the market. The accusations were levelled at former chairpersons Indrani Sugathadasa and her successor Karunaratne who has been re-apppointed to the post under the new regime. Both these officials were highly respected but powerful business interests led to their resignation., one after the other. Both Godahewa and Jayaweera were business associates with the former serving as director and chairman in some of Jayaweera's companies prior to being appointed SEC chair. - Ends-
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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