Ceylon Today

Date: Monday, 20 May 2013

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"Nothing to lament about" -- Cabraal

Even as prices of several essential items saw monumental increases last week, Central Bank Governor Ajith Nevaard Cabraal assures the country that inflation is at an all time low, foreign reserves are adequate and the Sri Lankan economy is sounder than ever.

2012-05-11 16:27:00 Hits: (631) Comments (1)

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Dinuk Date: Wednesday, May 16,2012 5:32 pm

Nivard Cabraal likes to paint rosy pictures about the economy in 5 star hotel podiums, meanwhile on the streets and across homes in the country poverty and inequality are growing as the ruppess loses value and purchasing power. I hope the Ceylon Today investigative reporters will exposes Cabraal's lies and investigate the Commonwelath Games Bid scam which is a clear cut case of financial crime and negligence. Cabraal at the Central bank, who unlike his boss MR does not have Presidential immunity, must be held accountable for negligence and waste of public funds for the Hambantota Commonwelath Games Bid scam where billions were spent on the project which would have bankrupt the country if the bid had won since Lanka would have had to build a white elephant games village in Hambantota – a town of 300,000 people which does not need such infrastructure. India had and built its commonwealth games village in New Delhi a city of 15 million where the infrastructure is now use. The media must expose this case of the Commonwealth Games Bid scam by the governor of the Central Bank who is also responsible for the crashing rupee and encouraging state banks to take unnecessary risk by issuing bonds to pay back Govt borrowings. Cabraals profligacy has put the entire banking sector at risk and he must be held accountable before it is too late. The former President was recently found guilty of economic crime and financial negligence for the crash of the banking sector in Iceland , setting precedent of economic crime trials and investigations all over the world
If Kariyawasam does not resign the NSB Unions should take legal action and file a case. of course his wife is the Chief Justice and this will require that she resign too.

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