NSB Deal: Complaint To Bribery Commission

A complaint was lodged on Friday at the Commission to Investigate Allegations of Bribery and Corruption by the Voice Against Corruption against the use of public funds in an arbitrary manner, especially the recent controversial National Savings Bank (NSB) deal. JVP parliamentarian and member of Voice Against Corruption, Sunil Handunnetti said that public funds are being used for controversial stock purchases.
He cited the controversial stock purchase deal by state-owned NSB as an example.
Handunnetti said that he handed the complaint to the Bribery Commission calling for an inquiry into the alleged attempt to use NSB monies to purchase shares belonging to persons with connections to the government.
In a controversial transaction, the NSB recently spent Rs. 394 million to purchase shares of The Finance Company (TFC) at an inflated share price.
The JVP legislator said that public funds were being used in an arbitrary manner in the stock market according to the requirements of persons and racketeers affiliated to the government.  He noted that the government has attempted to swindle monies in the Employees Provident Fund (EPF) and the NSB.
According to Handunnetti, the Voice Against Corruption would continue to fight against such attempts by the government to swindle public funds. “We will keep a close watch on such issues and would reveal it to the public,” he said.