Correction of Article titled “Wickremesinghe Loses Face

We request that this rebuttal to the baseless allegations levelled by Verite Research be provided the same prominence as the original article.

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It is essential for the country’s economic stability and recovery that false statements such as those made by Verite Research are rebuked in it’s entirety.

Debunking Verite Research Claims on EPF losses “The analysis in the FactCheck on losses to the EPF due to the Domestic Debt Optimisation is flawed for the following reasons;

• 1. EPF’s Annual Report confirms that the EPF did not suffer a loss due to the DDO bond exchange

When a FactCheck is assessing whether an entity made a gain or a loss, the logical first step in the process would be to examine the financial statements or annual reports of the entity in question. In this case the entity is the Employees Provident Fund (EPF) and the FactCheck is assessing whether the EPF made a loss due to the bond exchange associated with the Domestic Debt Optimisation (DDO) in September 2023.