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."
