Clean the Augean stables

I am quite disturbed by recent media coverage of the stock market.

The people involved have got away without any problem. While the small fish get caught and prosecuted the big fish escape the net. This will only change when the people at the top realize that these people are destroying their reputation and good name. In the National Savings BankThe Finance Co deal that had to be reversed- the culprits are still at large.

The only action so far was that an errant broker was suspended and NSB Chairman Pradeep Kariyawasam forced to resign. Preethi Jayawardena, the TFC Chairman continues to function in many other listed companies and in the Monetary Board. As former Securities and Exchange Commission (SEC) Chairman Thilak Karunaratne pointed out people responsible for white collar crimes should be prevented from sitting on any boards for five years to drive home the message that the state means business and to bring credibility to the private sector. On the CPC dud oil - what is the outcome? Nobody has been prosecuted todate or even removed. What is the status of the 19 SEC investigations, no one has been charged yet? The rural people of this country we all know do not care what goes on in the city, but eventually when economic activity decreases due to poor governance all Sri Lankans will get affected. Then it will be a bit late to regain our credibility.