Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය

Latest topics

» For Miss Sangeetha
by anges Today at 5:03 pm

» Tea prices up and up.Plantation shares down and down!
by fortuneteller Today at 1:16 pm

» coco.x share
by lakmal87 Fri Dec 15, 2017 10:45 pm

» නොමිළේම ඩොලර් (free $ 5 ) tokens
by cseguide Fri Dec 15, 2017 7:58 pm

» S&P upgrades DFCC Bank’s rating outlook from Negative to Stable
by TraderCSE Fri Dec 15, 2017 9:23 am

» CFVF will HIT. 40 BY Next. Thursday
by Yahapalanaya Thu Dec 14, 2017 10:50 pm

» Moody’s affirms ratings of three Sri Lankan banks; maintains negative outlook
by Miss-Sangeetha Thu Dec 14, 2017 8:39 pm

» best stocks to buy now
by Ryan Hudson Wed Dec 13, 2017 9:23 pm

» Current situation of the Adam group of companies
by anges Wed Dec 13, 2017 5:36 pm

» Avoid investing in Abans Group company shares
by fortuneteller Wed Dec 13, 2017 9:11 am

» People's Leasing Company
by prasa2004 Tue Dec 12, 2017 6:51 pm

» SDB - AN IMPRESSIVE PERFORMANCE
by prasa2004 Tue Dec 12, 2017 5:43 pm

» Beware of banking stocks
by prasa2004 Tue Dec 12, 2017 5:40 pm

» CEYLON COLD STORES PLC(CCS.N0000)
by Agape Tue Dec 12, 2017 2:49 pm

» Lanka Cement
by sureshot Tue Dec 12, 2017 11:09 am

» Roshan Egodage's Money Grabbing
by Investor1994 Mon Dec 11, 2017 7:10 pm

» CIFL ANY NEWS
by Gambino7 Mon Dec 11, 2017 12:13 pm

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Sun Dec 10, 2017 6:43 pm

» BFN .. ORIENT FINANCE PLC
by Teller Fri Dec 08, 2017 10:52 pm

» Sri Lanka Exports up 12.9-pct in Sept
by Teller Fri Dec 08, 2017 10:38 am

» DECEMBER DISCOUNT
by Teller Fri Dec 08, 2017 10:30 am

» LLMP - New Strategic Marketing >>> Boooom
by Teller Fri Dec 08, 2017 10:27 am

» Why LLUB.N0000 going down ?
by Teller Fri Dec 08, 2017 10:20 am

» LDEV rights
by Teller Fri Dec 08, 2017 10:16 am

» SAMP Rights Issue
by niru Thu Dec 07, 2017 8:04 pm

HashFlare

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » NDB chief financial officer suspended for whistle blowing Featured

NDB chief financial officer suspended for whistle blowing Featured

View previous topic View next topic Go down  Message [Page 1 of 1]

Quibit

avatar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
The Banking and Non Banking sector is reeling after the Secretively shocking suspension of the Chief Financial Officer Fizan Osman of NDB for exposing a racket of the bank’s conduct at the highest levels. 

It is over the sale of certain Bank stocks in collusion with a Chairman of a Bank, a key investor and a Chief Executive Officer. 
 
The Unions allege the Board is like a post box and don't know what is going on. Most Directors’ are cronies of the former regime helped on by the current regime. 
 
Union’s allege a bribe was paid by the bank to buy shares of another bank. The Chief Financial Officer has been suspended for blowing the whistle too late. 
 
Recently Ranil’s first cousin a Banker who had to leave Grindlay’s Bank in a hurry Mr. Athukorala was appointed Chairman of the Bank. A parachute according the Union and they accuse him of being totally ineffective, only interested in his perks and his car. 
 
The Bank slipped even below the Boutique Bank NDB in their performance. The former CEO of the Bank deserted the Bank with his key officials to Cargill’s bank. We are exposing this sorry story of white collar crime in the despositor's intrest. 



http://lankanewsweb.net/news/special-news/item/5909-ndb-chief-financial-officer-suspended-for-whistle-blowing

kovida

avatar
Senior Equity Analytic
Senior Equity Analytic
@Quibit wrote:The Banking and Non Banking sector is reeling after the Secretively shocking suspension of the Chief Financial Officer Fizan Osman of NDB for exposing a racket of the bank’s conduct at the highest levels. 

It is over the sale of certain Bank stocks in collusion with a Chairman of a Bank, a key investor and a Chief Executive Officer. 
 
The Unions allege the Board is like a post box and don't know what is going on. Most Directors’ are cronies of the former regime helped on by the current regime. 
 
Union’s allege a bribe was paid by the bank to buy shares of another bank. The Chief Financial Officer has been suspended for blowing the whistle too late. 
 
Recently Ranil’s first cousin a Banker who had to leave Grindlay’s Bank in a hurry Mr. Athukorala was appointed Chairman of the Bank. A parachute according the Union and they accuse him of being totally ineffective, only interested in his perks and his car. 
 
The Bank slipped even below the Boutique Bank NDB in their performance. The former CEO of the Bank deserted the Bank with his key officials to Cargill’s bank. We are exposing this sorry story of white collar crime in the despositor's intrest. 



http://lankanewsweb.net/news/special-news/item/5909-ndb-chief-financial-officer-suspended-for-whistle-blowing
Truth and Authticity of this sort of news items  are to be verified independantly. Has been extracted from pro JO web  and could be politically motivated. Even if true,it is  just a minor incident compared to last regimes malpractices and corrupt activities that had  taken place in the corporate sector.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
News highlighted in many web sites controlled by political parties do not produce the truth. If the news lie in reliable category there could be a positive reaction from local investors on coming trading day. 
No wonder that the rate at which malpractices have been incurring NDB event might be minor one.

kovida

avatar
Senior Equity Analytic
Senior Equity Analytic
@worthiness wrote:News highlighted in many web sites controlled by political parties do not produce the truth. If the news lie in reliable category there could be a positive reaction from local investors on coming trading day. 
No wonder that the rate at which malpractices have been incurring NDB event might be minor one.
Today NDB qty traded was 238,000 . Were the buyers not known if any negative news that was posted in the above web . ? . No that is not the case. Some so called senior figuers of this forum need to bring any kind of news item and show an unexpected bad  effect on them to the mkt . 

Be vigilant

View previous topic View next topic Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum