Sri Lanka parliamentary probe on retirement fund halted mid-way: legislator

Feb 09, 2013 (LBO) – A probe by a parliamentary committee on investments made by a state controlled retirement fund of private sector workers had been halted mid-way, an opposition legislator has said. Harsha de Silva, an opposition member told parliament that proceedings at a parliamentary committee examining investments by the Employees Provident Fund managed by Sri Lanka’s Central Bank this week had come to an “abrupt halt”.

A meeting of the parliament’s committee on public accounts (COPA) was halted by its chairman, deputy finance minister Sarath Amunugama saying parliament staff had to leave

He said proceedings had been halted while the Governor of the Central Bank was being questioned about buying shares in a finance company that had lost billions of rupees.

“After heated discussions among members of the ruling party and opposition on numerous audit queries the meeting came to an abrupt end upon being ruled by the Chairman that Parliament staff needed to leave; even though the Parliament was still very much in session,” de Silva said.

“This happened while the Governor Central bank was being questioned on a serious query raised by the Auditor General as to why the EPF had purc