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Message: <blockquote data-quote="warwickuni" data-source="post: 31339318" data-attributes="member: 101444">Mark my words! By the time culprits are convicted few will be dead or fled country. Our judicial system is too slow and AGs dept and police and CBSL are equally corrupt and inefficient and incompetent. So for such a complex prosecution will have many loopholes and lack of competency is another main issue in govt institutions. (In the video it stated that Forensic Accounting is done normally by SG Accountants but Police investigations and prosecutions are locals. There is a huge competency issue in Government Institutions as well as in Private sector . This may be due to many factors and one obvious one is Brain Drain after bankruptcy. But even before we had issues and most of these issues were in "suspense Account" under Corruption. Actual reason never highlighted . Hard truth is gross negligence and incompetence ! by senior govt and private sector personnel and lack of ethics.So it is safe to bet not even a partial recovery of money siphoned . Big wigs would have fled the country by this time as there is enough money to live abroad! Some will get loose after bail out and..... everything forgotten . Bank may absorb losses from this for the time being but ultimately will increase lending rates by few notches to cover this 14 billion in long run! This is how banks are run specially in Sri LankaConsumers are at receiving end! This is hard truth.Did any body informed Tax payers are still funding Pramuka and other bankrupt financial insituiotns such as Mercantile Credit , Castle Finance etc</blockquote>

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