A rejected SEC consultant now to be appointed as its chairman

A rejected SEC consultant now to be appointed as its chairman

As per the 2003 annual report page 37 ex commission member Ranel was entrusted to prepare a strategic plan for the SEC at a cost that was not properly procured according to the Auditor Generals Report of 2004 Annual Report of the SEC.

The SEC commission rejected his report and refused to pay the balance as the report lacked depth and not focused.

The SEC by this time had paid approximately Rs. 1.2 and the auditor General Mayadunne in his report qualified this expenditure and stated a fruitless expenditure made by the commission. 

Strangely the SEC website contains all annual reports from 2001 up to now except the 2004 Annual Report that has the Auditor General qualifying this particular payment. Very strange. 

This does not speak well for the yahapalana government and trust that the president will take corrective measures.

 

ranel 1

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