Dec 07, 2015 (LBO) – Sri Lanka’s Police Financial Crimes Investigation Division has arrested Former Chairman of Securities and Exchange Commission, Dr. Nalaka Godahewa on charges of financial fraud involving five million rupees.
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The Police said he was arrested after arriving at the FCID on Monday morning to provide a statement.
Two individuals including a Deputy Director General of the Securities and Exchange Commission have been arrested over the alleged irregularities occurred during the past years.
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FCID arrests Nalaka Godahewa over misuse of SEC funds
Dr Godahewa reminded me of the fate befallen on Rajat Gupta. Here is a well educated man, who held very senior positions in the industry. There was no need for him to bend rules to th whims and fancies of his political masters, that’s what he has done. Let Rajapakse robs public money. Why didn’t he resigned and go home, keeping his head high?
Same reason that Rajat refused to tell Raj to go and fly a kite…the sweet scent of money and the feel of the power it brings…delusions of course … but seductive ones…there are not many Warren Buffets around you see.