Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's private sector retirement fund yet to publish accounts for 2011 - Opposition MP
Fri, Feb 28, 2014, 07:46 pm SL Time, ColomboPage News Desk, Sri Lanka.

Feb 28, Colombo: Parliamentarian of Sri Lanka's main opposition United National Party (UNP), economist Dr. Harsha de Silva says the private sector retirement fund, Employees' Provident Fund (EPF) is yet to publish its accounts for the year 2011.

Although the issue has been constantly raised in parliament, the EPF has failed to release its annual audit reports, Dr. de Silva says.

The lawmaker explained that after he had continuously raised the EPF's failure to present its annual reports to parliament, the Parliamentary Accounts Committee (PAC) had summoned the Fund in January this year.

However, the session the PAC had with the EPF had ended abruptly before the committee members were able to get answers to their questions from the Fund, Dr. de Silva noted.

He has added that the public had a right to know how the EPF had invested monies collected from the private sector workers in the country.

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.

ColomboPage - Recent 10 Stories
Sri Lanka Army begins post-flood recovery, clears obstructed waterways
-- [1 hour and 36 minutes ago]
CSE halts trading of Blue Diamonds over possible misappropriation of Rights Issue funds
-- [1 hour and 51 minutes ago]
Speaker wants unruly members of parliament to apologize if want to avoid disciplinary actions
-- [2 hours ago]
Sri Lanka tri-forces shun Eastern Province CM after outburst at a Navy officer
-- [3 hours ago]
Sri Lankan President arrives in Nagoya to attend G7 summit
-- [4 hours ago]
Sri Lanka's John Keels Holdings PBT for 2016 Rs. 19.2 billion, Recurring Profits up by 10 percent
Japan grants Rs. 318 million to Sri Lanka for human resources development
CID gets court order to probe financial records of three former security officers of former Sri Lankan President
Two Frontline Socialist Party members arrested for protesting over imprisoning party leader
Sri Lankan government sets up a new Office of Missing Persons

Copyright © 2000, 2014 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.