20 Jan 2017
On 19th January, 2017 , the Inter Company Employees Union held a giant Protest in Colombo, the Capital city of Sri Lanka, against the Ranil- Mithree bourgeois government for putting the Employees Provident Fund, the largest Social Security Fund in Sri Lanka, to danger and allowing the culprits to loot the money from the Fund. The Central Bank of Sri Lanka is the Trustee of this Fund but it has neglected its duty to protect the Money belong to People.
During last several months, the Central Bank of Sri Lanka has directed to buy treasury bonds from third party and the lost made by this irrational investment was nearly Rs. 15 000 millions. The EPF money had used to buy Treasury Bonds from the secondary market even there are provisions to buy bonds directly from the Central Bank.
The Union urged the government to take immediate steps to recover the lost from the culprits.
The World Federation of Trade Unions, representing 92 million workers, supports the struggles for the protection of the right of Social Security and the safeguarding of the Employees Provident Fund in order to be utilized in favor of the workers.