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* Trade union requests Sri Lankan President to resume investigation into private sector retirement fund investments
Tue, Dec 17, 2013, 09:02 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 17, Colombo: A trade union in Sri Lanka has requested President Mahinda Rajapaksa in writing to order the resumption of the inquiry that was held into the investments made with monies from the Employees' Provident Fund (EPF), the private sector retirement instrument.

Co-Secretary of the Free Trade Zone and General Workers Trade Union, Anton Marcus in the letter sent to the President also requested for the inquiry committee to present an interim report on the findings so far.

He noted that the inquiry carried out by the Parliamentary Accounts Committee (PAC) headed by Deputy Finance Minister Dr. Sarath Amunugama in to the EPF monies and investments made by the Fund has been stalled for the Past 11 months.

Marcus pointed out that there are now doubts over the accuracy of the information available on the EPF, which is the largest fund of the private sector employees, since the Fund has not presented its annual accounts for several years.

The trade union has requested the President to intervene and ensure justice to the millions of contributors to the EPF.

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