Addressing a business foum organised by Sri Lanka's division of the UK Chartered Institute of Management Accountants, the chair of Laugfs Holdings, criticised the on-going practice of expropriation by successive governments.
The chair, W.K.H. Wegapitiya said:
"We have done lot of blunders and it's still happening,"
"If you don’t protect Sri Lankan entrepreneurs and if you don’t act against these unethical and shortsighted acts there will be lot of accountants without businesses to run."
"We have to get together and change it."
Referring back to past decades, Wegapitiya criticised the government's clamp down on whom he described as 'Sri Lankan' entrepreneurs.
"They [government] crushed the capitally rich Sri Lankan entrepreneurs"
"There were 27 home grown enterprises that were nationalized by greedy and shortsighted politicians."
"There were very strong enterprising people living in our country. Today you don’t find many Sri Lankan entrepreneurs who have gone to the global arena when compared to India."
We need your support
Sri Lanka is one of the most dangerous places in the world to be a journalist. Tamil journalists are particularly at threat, with at least 41 media workers known to have been killed by the Sri Lankan state or its paramilitaries during and after the armed conflict.
Despite the risks, our team on the ground remain committed to providing detailed and accurate reporting of developments in the Tamil homeland, across the island and around the world, as well as providing expert analysis and insight from the Tamil point of view
We need your support in keeping our journalism going. Support our work today.
For more ways to donate visit https://donate.tamilguardian.com.
