Pradeep Kariyawasam

Prior to his appointment as Chairman of the National Savings Bank he had served as a manager at Unimo Enterprise, United Motors Lanka (Ltd), Browns Group of Companies and Ceylinco Ltd.[2][3] In June 2009 the Supreme Court issued as order to the Treasury Secretary to appoint a board of directors for the Sri Lanka Insurance Corporation (SLIC) after the governmental takeover.

[4] During his tenure at SLIC chairman (2009–2010) Kariyawasam ran into a dispute with the board of directors over alleged violation of procedures.

At that point two old buddies Ajith Devasurendra and Ishara Nanayakkara got Pradeep Kariywasam to write to the parties concerned that SLIC has agreed to allocate 7% of these shares to LOLC, something that came as a surprise to all.

[6] Had not the other Directors objected, LOLC would have made a windfall from the special price SLIC managed to negotiate for this parcel of NDB shares.

Hence, the other directors decided to bring this issue to notice of higher authorities which resulted in the removal Kariywasam from his position at SLIC.

This resulted in the intervention of the Ministry of Finance which in turn stopped the deal in the larger interest the public which had invested in state owned banks.

[13] Dr. De Silva called for his resignation and said authorities should be allowed to carry out an impartial inquiry and punish any offenders without fear and favor just because kariyawasam is the husband of Sri Lanka's chief justice.

[15] It alleged that the husband of the Chief Justice of Sri Lanka, Pradeep Kariyawasam, who continued to enjoy the power and position as chairman of the NSB among several other plum postings offered by the Rajapaksa Government in a glaring example of conflict of interest.

Kariyawasam was found guilty over the incident of purchasing shares of The Finance Company using NSB funds while being fully aware of the loss entailed to the government due to the decision.