The UNP has appointed a committee to study and make proposals on the Employees’ Provident Fund (EPF) monies that have been lost due to bad investments in the Colombo Stock Exchange (CSE). Opposition and UNP Leader Ranil Wickremasinghe has appointed a committee headed by party general secretary Tissa Attanayake including parliamentarians Ravi Karunanayaka and Dr. Harsha de Silva.
The committee is to report back with proposals including the legal action that could be taken with regard to the issue.
The EPF has lost billions of rupees due to the investing in stocks of loss making companies in violation of guidelines that state Fund monies could only be invested in government securities.
SLM