The UNP Gen . Secretary , Tissa Attanayake , speaking at a media discussion yesterday (10) said , defying the clear and stern opposition to it of the Auditor General, and violating all fiscal regulations the Govt. s Central bank in its Greece fried dried fish investment lost a colossal Rs. 34000 lakhs !
This loss was revealed when questions were posed at the COPE committee meeting recently .Because the Greece economy collapsed first in the European financial crisis , the SL s investment in 2011 was a total loss.
The Govt. auditor General had made it absolutely clear in his prior warnings against this investment as it is risky. Greece is a country that had during the past experienced continuous economic crises. When these were pointed out , the Central Bank Governor had admitted that our country had lost Rs. 3400 million.
Seems to me CB does not count their loses. Only gains, that is why 7%.
The Govt. says , it invested in this fried dried fish deal earlier and earned Rs. 1240 million for six years . But the Central Bank has lost Rs. 3400 million just in the Greece investment alone. What is this comic and magic in the reckless deals and investments of Cabraal and Govt.
Are these monies from the personal funds of Cabraal or President or any other of the Govt.? The fiscal responsibility belongs to the Parliament , yet the Govt. has played ducks and drakes with these public funds without Parliamentary approval. Mind you , these are foreign loans taken from the IMF .
Edited By - charlie1965 - 11 Jul 2012 23:51:46 GMT