Resigned

Dec 01, 2011 (LBO) - Sri Lanka's Securities and Exchange Commission chief Indrani Sugathadasa has resigned, within weeks of the watchdog's director general being removed by the cabinet of ministers.









Sugathadasa is a retired public official who has been in many senior positions in government service.


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Sugathadasa said she had tendered her resignation "having considered the unfolding circumstances and upholding my principles."

Sugathadasa and former director general Malik Cader started a crackdown on widespread microcap fraud and insider dealing and came under pressure from powerful investors.

Cader was kicked upstairs to a position in the finance ministry and the post has now been re-advertised.