Former President, Polonnaruwa District MP Maithripala Sirisena today exposed in Parliament an organized fraudulent scheme to employ government analysts and employ insurance companies at higher salaries after retirement and to avoid paying insurance premiums to insurers.
Mr. Maithripala Sirisena further revealed the facts with examples.
“The banking companies, the finance companies, the insurance companies, the leasing companies in this country are in a situation where they are looting the property of the people today. In all these matters, the government has enacted laws to strengthen these institutions in the last few decades. How ever we have falied to ammend laws to protect their custommers,the public. The consequence is creating a very deplorable situation.
One of the things I found out yesterday about these insurance companies is, that most of the officers in the Government Analyst’s department are paid big salaries by the insurance companies when they retire. Also, some people who work for insurance companies pay higher wages when they work for the government . Among those in key positions in insurance companies are those who worked in the Government Analyst’s Department. If a building catches fire, a homicide, a crime, a robbery, or a car accident, the forensic report is taken. If the analyst’s report is taken out and insured, compensation will be paid based on that report.
But this is like asking the thief’s mother for a fortune now. Analysts are in the insurance companies. Then they prepare these reports together.
In this situation of serious mortgage of property, crisis due to inability to repay loans, under these circumstances there are a number of suicides in this country every year. If you ask the Police Department about leasing issues, how many suicides are due to not being able to repay the mortgage, there is a certain number of suicides every year in these situations. In view of the above, I would like to point out, Hon. Speaker, that this is a businessman, I do not name the insurance company . The businessman has insured Rs. 1 billion of his assets, a business nemed Olive in peradeniya rroad Kandy . The Olive Company caught on fire this year. Although he insured the property for 1 Billion rupees he was not been paid a Rupee so far.
Police investigations and all other investigations have clearly shown that this happened during the fire. But the insurance company says it is not clear what caused the fire and therefore we can not pay. Indika Thushara is the businessman.
I mean, this is the great robbery that these insurance companies are committing, the persecution that is being perpetrated, the poverty of this country, the business collapse, which is having a very serious impact on these matters. The other is that we have some things to focus on on these other issues, this is not a problem I say today is yesterday. There are many things that Central Bank officials have been hiding for a long time. When making laws about banks, when making laws on insurance, when making laws on financial institutions, in all these cases the Central Bank officials are the ones who make these rules. That’s something we all know. In these circumstances, it is said that in the case of those who have done certain transactions in the mainstream business sector, the banks’ irregular rate hikes, the non-regulation of bank service charges by all governments, and the empowerment of financial institutions by unfavorable banking regulations The seriousness of the matter is illustrated by the harmful and unfavorable nature of this Act, as stated by the Bar Association of Sri Lanka, the United Nations Human Rights Council, an international financial adviser, and the Supreme Court judgments.
