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* Sri Lanka parliamentary committee summons private sector retirement fund officials for questioning
Sat, Feb 2, 2013, 08:00 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 02, Colombo: Sri Lanka's parliamentary Committee on Public Accounts (COPE) has summoned officials from the private sector retirement instrument, Employees Provident Fund (EPF), to question on alleged financial irregularities in the Fund.

Main opposition United National Party (UNP) parliamentarian Dr. Harsha de Silva has said the EPF officials have been summoned before the committee on the 6th.

The Committee on Public Accounts had summoned the EPF officials following a long drawn struggle by opposition members in the committee to inquire in to alleged financial frauds at the Fund.

According to Dr. de Silva, the EPF officials would be questioned on the monies invested by the Fund in the stock market and on the various allegations of financial fraud involving the Fund's monies.

The Central Bank, which administers the country's largest private sector retirement fund, has asserted that t no fraudulent stock market transaction has ever been made by the EPF and that all transactions have been carried out with utmost care, diligence and professionalism.

** Related Story :: Sri Lanka retirement fund management hits back at MP\'s allegations of frauds involving the fund

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