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
Submit Post
Submit Post

Latest topics

» We Provider Verifiable BG,SBLC.MT103,MT760
by kimsungnyon02 Today at 10:34 pm

» Project finance/Bg,Sblc specifically for lease
by kimsungnyon02 Today at 9:58 pm

» Genuine bank instrument for lease/sale,such as BG, SBLC, MTN
by kimsungnyon02 Today at 9:53 pm

» BG / SBLC / LC / DLC / MTN ETC AVAILABLE FOR LEASE
by kimsungnyon02 Today at 9:51 pm

» We Currently Have Providers of BG/SBLC and Other Financial Instruments
by kimsungnyon02 Today at 9:49 pm

» Financial Offer/Business Funding Through Bank Instruments
by kimsungnyon02 Today at 9:47 pm

» CSE THIS WEEK
by ruwan326 Today at 9:03 pm

» Financial Reports Q-4 2018
by ruwan326 Today at 8:54 pm

» FOREIGN NEWS
by ruwan326 Today at 8:52 pm

» Daily Foreign Transactions
by ruwan326 Today at 8:51 pm

» Performance of the Market
by ruwan326 Today at 8:49 pm

» CROSSINGS TODAY
by ruwan326 Today at 8:21 pm

» Daily Stock Market Update
by Insights Equity Today at 5:29 pm

» Sri Lanka's EPF loses most from Laugfs, Dockyard, Carsons; gains from banks
by charithaa Today at 12:49 pm

» Sri Lanka's Anilana Hotels says to get more cash from Singapore’s SOMAP
by charithaa Today at 12:47 pm

» Tea industry’s performance in 2018 and prospects for 2019
by ruwan326 Today at 12:44 pm

» Marriet Hotel Going to Sell their 100% Stake Keep On Eye EAST
by NCC Today at 12:44 pm

» EAST EPF Deal Finalized Keep On Eye
by NCC Today at 10:32 am

» HOPL, TPL, KFP, TSML, MGT results analysis
by arjunaupendra Today at 6:03 am

» LOFC AND UBC WILL RUN FROM TOMORROW
by fireshelter Yesterday at 10:54 pm

» DIVIDEND ANNOUNCEMENTS- JAN/MARCH 2019
by ruwan326 Yesterday at 9:07 pm

» We are direct provider for BG/SBLC specifically for lease/sale
by rsileaseconsult Yesterday at 8:11 pm

» Plantation sector
by ruwan326 Yesterday at 7:12 pm

» LDEV - MADU - BALA - WATCH
by kalu351 Yesterday at 4:56 pm

» BFN WILL RUN AFTER WEDNESDAY ONLY IT WILL REMAIN AT 14/40 - 15 LEVELS THIS WEEK AND START THH RUN
by kalu351 Yesterday at 11:36 am

» කොහොමත් BFN 19-20 වෙනකම් යන එක ඉතින් ස්තිරයි
by kalu351 Yesterday at 11:36 am

» LDEV SAGA WITH MOUNTING SELLING PRESSURE
by kalu351 Yesterday at 11:30 am

» ##FUN TOONS###
by ruwan326 Yesterday at 11:28 am

» PLAYERS PICK OF THE DAY
by ruwan326 Yesterday at 10:53 am

» Fundermentels singnles STRONG BUY Without speculation there is no active stock market in the world Every thing is speculative You all will see next feww days how \ LDEV UBC BFN LOFC BIL RIL CFT ECL KOTA MAL X MAL N REEF Perform
by Harry82 Yesterday at 9:19 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka: Did Central Bank request Banks & Financial Institutions to control their Directors Behaviour at Board Meetings after Harry J's Daughter scold HNB CEO Jonathan Alles for rejecting Dinesh Weerakkody to Board? - Sources

Sri Lanka: Did Central Bank request Banks & Financial Institutions to control their Directors Behaviour at Board Meetings after Harry J's Daughter scold HNB CEO Jonathan Alles for rejecting Dinesh Weerakkody to Board? - Sources

Go down  Message [Page 1 of 1]

Mark Levin


Stock Analytic
Stock Analytic
Sources close to Sri Lanka's Financial Circles and Bankers note that a recent move by Harry Jayawardena to appoint Sri Lanka's Tourism Minister John Amaratunga's eldest Son-In-Law Dinesh Weerakkody had been a failure in March 2017 and as a result Harry J's Eldest Daughter Ms. Sanjivani Jayawardena had ended up openly shouting using 'Filth' to reputed banker Jonathan Alles at a Board meeting for not allowing Dinesh Stephen Weerakkody to become a Director of HNB, a bank that is largely controlled by and (over 17% ownership) via Sanjivani Jayawardena's father Harry Jayawardena's businesses including Milford Exports (Ceylon) Limited, Stassen Exports Limited and Distilleries Company of Sri Lanka. 

Upon hearing this Non-Corporate Ja-Ela Thug 'John Bass' culture behaviour of Harry J's eldest daughter at country's second largest private bank - HNB and its CEO Jonathan Alles, Sri Lanka's Banking Regulator that has over 65 years old Central Banker - World's Oldest Central Banker (World's Largest Stock Market Manipulator, US Jailed Raj Rajaratnam's former Galleon Research Head) -Indrajit Coomaraswamy managed Central bank of Sri Lanka had warned all Bankers in the country and the entire banking Sector Director boards to control the behaviour of Directors of all banks and finacial institutions.

Sources close to Harry J also notes that switching of Finance Minister Ravi Karunanayake has shattered the Dream of Harry Jayawardena's motive of reversing Sri Lanka's Banking Act to take the control of key Sri Lankan Commercial Banks such as DFCC and Commercial Bank of Ceylon under his family control and ownership since Ravi's suggestion to reverse the private ownership of Licensed Commercial Banks to over 20%; is now seems not a plan under this government. 

One time during 1994-2005 Chandrika Bandaranaike Regime of Sri Lanka Harry Jayawardena started controlling country's entire private sector commercial banks and Sri Lanka's largest insurance company - SLIC - since he was favoured by then Lady President Chandrika as Harry J largely financed her Presidential Political Campaign with over Rs. 50 million in 1994 Presidential Elections.

Sources also note that Harry J has political stooges appointed to his companies especially from Sri Lanka's Tourism Minister's family including another Son-In-Law of 'Ja-Ela Thug John Bass' to Harry J's Heritance Hotel group where the other Son-In-Law holds key managerial position. 

In Mid March 2017, Hatton National Bank said that a scheduled Extra-Ordinary General Meeting (EGM) for March 27, will not be held.

The EGM was called in order to adopt a resolution to appoint Dinesh Stephen Weerakkody (Eldest Son-In-Law of Tourism Minister John Amaratunga) as a director of the bank.

“Hatton National Bank PLC (the “Bank”) on March 7, 2017, called for an Extra-Ordinary General Meeting (EGM) on 27th March 2017, pursuant to a requisition made under section 134 of the Companies Act No 7 of 2007, by the Distilleries Company of Sri Lanka PLC, Stassen Export Limited and Milford Export (Private) Limited (“the Requisitioning Shareholders”),” the bank said in a stock exchange filling.

“Subsequently, the bank has received a letter dated March 15, 2017 from the requisitioning shareholders, withdrawing the above-mentioned resolution.”

*Pursuant to the provisions of the Banking Act Directions No. 1 of 2007, the total collective voting rights in the HNB Bank, of Milford Exports (Ceylon) Limited, Stassen Exports Limited and Distilleries Company of Sri Lanka (who collectively hold 17.90% of the voting shares of the Bank) are limited to 10% of the total voting rights of the Bank with effect from 15th March 2012 as the voting rights in excess of such percentage is deemed invalid from that date.

reyaz

reyaz
Manager - Equity Analytics
Manager - Equity Analytics
Adding to this, since I also am an insider I can tell you how dirty and cunning Cabraal is. One wedding I was also in vited to, Cabraal and Mr. Lalith Kotalawala was also invited. It was in 2007 Somewhere around August, Kotalawala was talking to Cabraal and all of a sudden the face of Cabraal changed. Kotalawala was getting intimidated by the look of his face. It was a sillent war if you will, but it was just after that seylan bank got into liquidity crisis

reyaz

reyaz
Manager - Equity Analytics
Manager - Equity Analytics
Seylan went down after golden key credit card company.

Back to top  Message [Page 1 of 1]

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