Sri Lanka: Union warns CB Governor

( January 20, 2017, Colombo, Sri Lanka Guardian) An agitation protesting against the Governor of Central Bank and its Monetary Board stating they had taken steps to plunder money from Employees Provident Fund (EPF) was held by Inter Company Employees’ Union opposite the Central Bank yesterday (19th).

Thousands of employees from the private sector participated in the agitation. A protest march that began at Fort Railway Station marched to the Central Bank. The protestors complained that more than Rs. 15000 million from EPF has been plundered under the present yahapalana government through Central Bank bonds and the present Governor of the Central Bank had not taken any steps against the theft.

The President of Inter Company Employees Union Wasantha Samarasinghe speaking to the media said, “Ranil – Maithri alliance government is playing games with the money from EPF owned by 2.5 million employees of the private sector of this country. We have been telling authorities not to plunder our money. The previous Mahinda Rajapaksa regime plundered money from the EPF through the share market. This government is plundering the money through Central Bank bonds. Former Governor Arjun Mahendran’s son-in-law’s company gets a profit of Rs.12,000 million to Rs.13,000 million within the past 21 months. Finance companies, banks and media institutions are bought with the money that has been plundered. Not a word is spoken when we ask legal action to be taken against plundering working people’s money.

We wrote to the present Governor of Central Bank asking him to take action against plundering from the EPF. There hasn’t been any response to our letters. That’s why we commenced protest campaigns demanding the Governor of Central Bank to take action. If there is no positive response we are prepared to encircle the Central Bank with 2.5 million private sector employees and continue the struggle until action is taken against the plunder of money from EPF,” said eh President of Inter Company Employees Union.
During the agitation a discussion with the Governor of Central Bank was given and the Governor promised to respond to letters by Inter Company Employees Union within a week. The President of Inter Company Employees Union Wasaantha Samarasinghe told the Governor they would take future actions on the letters of the Governor
A large number of private sector employees serving throughout the country and trade union leaders participated in the agitation.

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