The A9 highway has been reopened passing on peace dividends to the complete nation, linking the North and South. 5 buses decorated according to the Hindu cu…
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In Defense Of Arjuna Mahendran
By Sarath de Alwis –
Sarath De Alwis
“I am time, the destroyer of all I have come to consume the planet. That one particular is dear to me who runs not right after the pleasant or away from the painful, grieves not, lusts not, but lets things come and go as they happen.” The Gita
Funds markets need laws, guidelines and regulations. The integrity, competence and judgment of the Monetary Authority is what is at stake right now. Lee Kwan Yew in his memoirs describes how he set up the capital market in Singapore and dismissed critics who complained of overregulation. ‘In Hong Kong what is not expressly forbidden is permitted in Singapore what is not expressly not permitted is forbidden’.
To take up the assignment, Arjuna Mahendran gave up a lucrative profession in International Banking and his Singapore Citizenship. When he sought much more time, he was persuaded to take more than immediately and his nationality problem was resolved by quickly tracking the approach.
Had he waited till April to take more than, the bond fiasco would have been under the watch of an individual else or there would have been no fiasco at all.
The rocket science of bond trading is explained by a central banker in a paper presented in 2008. The Added Superintendent of Public Debt Department Central Bank of Sri Lanka Mr.C.P.J. Siriwardene explains the growth of the Bond Market place.
Treasury bonds are traded through competitive auctions carried out by the Central Bank on a standard basis. Primary dealers who have been involved in the government debt industry considering that 1992 have direct access to the major auctions. According to the present regulatory framework, principal dealers must subscribe the complete sale and single main dealer minimum investment level is set at 10 per cent of the volume of sale to stay away from any possibility of below subscription. The present auction method is on several price tag basis. Given that 2000, all auctions are performed electronically employing an on – line technique. Prior to each and every auction, the debt authority accesses the prospective investors by means of major dealers to make sure the availability of funds for the full subscriptions. Private placements of Treasury bonds also take place as a contingency to accommodate unexpected borrowings to keep away from market shocks by providing big volumes to the auctions and cancellation of planned bond auctions. Productive 21 bidders are informed on the identical day of the auction and the settlement is two days right after the auction (T+2 technique). Given that the establishment of the principal dealer method, the Central Bank continued its part as a debt manager to create the major dealer system. They incorporate streamlining of dealers (removing nonactive dealers, appointing new dealers, and so on.), introducing necessary regulatory framework for dealers and building up close connection among main dealers and the Central Bank.
Dr. Harsha De Silva the Deputy Minister of Preparing has announced that the committee of three lawyers will examine all issues and trace any irregularities up to 2012. His erudite posturing and justifying of three mediocre lawyers on a voyage of discovery tracing misdeeds up to 2012 amounts to bottom trawling for red herrings.
This writer did not know who Mr. Gamini Pitipana was till finding out that he was to be the chairman of the probe committee. These days Google does much much more than Dunn & Bradstreet. So the name was googled. What appeared was mind goggling. Royal College Class of ’72. Lawyer at Law. Apollo foods Private Ltd. In the absence of any further details from the usually expansive ,Dr.Harsha what should we make of the meagre details? That Mr.Pitipana is discovered in the law and could cook? Is that what is expected of an old Royalist buddy? Cook a report?
Let us get back to the planet of bond trading. A basis point is a hundredth of a percentage point. To make it easier, if a yield moves from 5.5% to 5%, it has moved 50 basis points.
Naturally Prime Minister Ranil Wickremesinghe thinks that the average quantum of gray matter which serves to process data in the brain of the typical Gamarala’ in Sri Lanka is far less than one basis point! But ‘Gamaralas’ are starting to run out of patience. Moving from bad governance to excellent governance the ‘Gamaralas are now experiencing a spell of ugly governance. Certainly really ugly governance at that.
It would be grossly unfair to accuse Governor Mahendran of withholding any data pertaining to his son in law. Sri Lanka is a small nation. The incestuous world of the money market place knew about the two Arjunas. Ranil Wickremesinghe decided to play Sri Krishna and persuaded the elder Arjuna to battle in the harsh world of greed.
Arjuna Mahendran is only a man. Energy is not of a man. Wright Mills the author of ‘Sociological Imagination’ the seminal study of twentieth century society identifies 5 problems we face right now in a cost-free marketplace economy alienation, moral insensibility, threat to the spirit of democracy, disregard to human freedom and most significantly the conflict in between bureaucratic rationality and human purpose.
The issues such the one that is discussed are commonplace.
“Wealth does not center in the particular person of the wealthy. Celebrity is not inherent in any character. To be celebrated, to be wealthy, and to have power demands access to main institutions.” What is nauseating with the governance style of the Prime Minister is that he reminds us of the commandant of Auschwitz who insisted “I never got complaints!”
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Case Against Airplane Withdrawn
The Colombo Crimes Division (CCD) nowadays informed Colombo Magistrate Nishantha Pieris that no offence had been committed in the incident where a little airplane was found in the shops belonging to CSN Television Channel at Narahenpitiya and that the case would be withdrawn.
Detectives said according to investigations the airplane was 1 built by Ray Wijewardene and not in flying situation and had been handed over to former President’s son Yoshitha Rajapaksa by film director and producer Chandiran Ratnam.
The CCD sought a Court order to return the airplane to the late Ray Wijewardene’s household and that the case would be withdrawn.
Counsel Niroshan Siriwardena appearing for CSN Television Channel and Mr. Rajapaksa said the plane was kept in the shop to be utilized as a show item.
Complete Story
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An Open Letter To Narendra Modi
By Rajeewa Jayaweera –
Rajeewa Jayaweera
Dear Mr Prime Minister,
I join my compatriots in extending a warm welcome to you to Sri Lanka. Almost 28 years have passed because Prime Minister Rajiv Gandhi (RG) visited this island. As you are effectively aware, his visit was shrouded with some very complicated and unpleasant issues for the duration of the periods quickly prior to, in the course of and after his go to. It is hoped your pay a visit to will be a prelude to a new connection based on friendship amongst equals and mutual respect.
The deterioration of relations amongst India and Sri Lanka commenced about 1980 when Indira Gandhi (IG) was elected Prime Minister for the second time. Sri Lankan President JR Jayewardene’s (JRJ) pro-western foreign policy antagonized India immensely, prompting IG to adopt a hostile attitude and embark on a mission to punish JRJ. A virtually purpose created issue was at hand in the separatist movement by some young males in Sri Lanka’s Tamil community. Relations deteriorated from 1980 when India below the direction of IG and assisted by its intelligence arm RAW and Tamil Nadu state government began destabilizing Sri Lanka by way of delivering a protected haven for separatist groups, instruction facilities, weapons instruction and funding for their activities and culminating with India repeatedly voting against Sri Lanka at the UNHRC in Geneva from 2010 departing from its preceding policy of not voting on country specific issues. Former President Mahinda Rajapaksa’s (MR) ‘Look East’ policy by forging closer economic and military ties with China who have extended unconditional support to Sri Lanka more than the years and the willingness by China and Pakistan to sell arms to GoSL when India was reluctant to give weapons need to be pointed out in this context.
To reset relations, it is needed for each countries to produce an atmosphere of mutual trust. Notwithstanding the initiatives by the Sirisena government, there exists a huge trust deficit in our relations. The perception of double requirements on India’s part prevails even in these days. Your meeting with a TNA delegation in Delhi and National Security Advisor Ajith Doval meeting with Tamil leaders in Sri Lanka does not go down properly in the light of cancellation of talks with Pakistan at Foreign Secretary Level on the grounds of Pakistan’s High Commissioner in Delhi having discussions with Hurriyat leaders stating “talk to them or talk to us”. Getting involved in the Tamil situation in Sri Lanka and at the very same time insisting on the exclusion of Pakistan in the Kashmir issue is a case in point. In response to Prime Minister Ranil Wickremesinghe’s (RW) comment in the course of an interview final week that India ought to show the exact same magnanimity to Italian sailors at the moment held in India that they request for South Indian fishermen poaching in Sri Lankan waters, Indian Foreign Minister Ms Swaraj had supposedly informed RW that “these are two various problems. Concerns of fishermen are a humanitarian concern. It is an concern of livelihood”. What Ms Swaraj and India want to comprehend is that it is a livelihood situation for our Northern fishermen as properly. Further, India’s ‘humanitarian’ problem is for Sri Lanka a ‘humiliating’ problem. In a manner of speaking, it is a repetition of the 1987 episode – only this time not our airspace by IAF transporters and fighter jets but our maritime boundaries by South Indian fishermen.
It is in the interest of each Sri Lanka and India to reset our relations to a pre-1977 level when issues amongst the two countries had been settled amicably with mutual respect. The Sirisena government has taken some initiatives to address one of India’s primary concerns i.e. the Colombo Port City Project which has been temporarily suspended. Even if the suspension is lifted, re-negotiation of the clause giving portion ownership to the Chinese to a 99 year lease is in the cards. On the other hand, India is however to demonstrate with any tangible efforts, its desire to reset relations except by graciously getting Foreign Minister Mangala Samaraweera initially and then President Maithripala Sirisena in Delhi. The problem of South Indian fishermen poaching in Sri Lankan waters has received practically no interest from India.
Leaving politicians and the bureaucrats aside, it is relevant to take into account the emotions, sentiments, dignity and self-respect of the majority of the citizens in this country. While not condoning the act, one of Sri Lanka’s sons displayed his feelings with the butt finish of his rifle in 1987 for the duration of the guard of honour accorded to RG when he visited Colombo to sign the Indo – Sri Lanka accord. That accord to us Sri Lankans was a contemporary day surrender of our independence. Creating homes, rail roads etc. contribute towards enhancing relations only marginally. Such action is akin to providing a discomfort killer for a physique pain. It does not contribute towards treating the root cause. The reality is that the majority in this country nevertheless really feel strongly of the manner in which India violated this nation with impunity. At least some really feel India continue to do so covertly.
The Sirisena government has decided to accord you the honour of addressing our Parliament, an honour India did not see fit to accord to President Sirisena throughout his current check out to India. You will be the fourth Indian Prime Minister to do so after Jawaharlal Nehru in 1962, Indira Gandhi in 1973 and Moraji Desai in 1979. The Indian historian and author AG Noorani in a current essay in India’s Frontline magazine wrote “India’s relations with Sri Lanka will heal only if there is a sincere realisation of previous blunders and of the grave harm that India inflicted on a hapless neighbour too modest to retaliate”. This would be an ideal chance for you to set the record right. It would call for but 3 sentences of admission of errors of the previous, regret over them and an assurance of non-repetition. It can be appropriately worded preserving India’s dignity. Such an act would help millions in this nation to lastly bury the ugly previous and move on and also a great beginning for India to genuinely and constructively engage in resetting its relations with Sri Lanka and its folks.
Newsfirst.lk Sri Lanka’s Number 1 Video News Provider. Web site: www.newsfirst.lk Email: get in touch [email protected] Phone: +94114792700.
By Siritunga Jayasuriya –
Siritunga Jayasuriya
The coming state check out of India’s Prime Minister Narendra Modi to Sri Lanka, and the red carpet welcome accorded to him, such as the ceremonial speech to the Sri Lanka’s parliament, is certainly a undesirable omen for all the democratic minded, left and progressive forces of this nation.
As International Socialists the United Socialist Party (CWI – Sri Lanka) stands for the best of co-operation, understanding and solidarity with the neighbouring nations peoples, specially with India with whom the Folks of Sri Lanka share a widespread heritage, history and a frequent struggle for the emancipation of our oppressed peoples. USP stands and follows the rich tradition of the BLPI which had a reverberating effect on the anti-Imperialist struggle in both countries in the course of the People’s Freedom Struggle against the British Imperialism in the sub-continent.
The USP has always stood steadfast and has separated itself from the forces of jingoism and appropriate-wing Nationalism from all the quarters, like the so called “Marxist” JVP and its later day variants. But as a political force which unflinchingly stands for Socialism and its victory in the complete world the USP has stood by the struggles of the men and women in both lands. Be it the recent anti-nuclear struggle in Kudankulam in Tamil Nadu, anti-capitalist globalisation struggle against POSCO business in Odisha or the heroinic struggle of Human rights defender Irom Sharmila Chanu of Manipur against the draconian Armed Forces Unique Powers Act (AFSPA) which terrorises the peoples of North East and Kashmir occupied by India.
The whole history of USP in Sri Lanka is marked by its uncompromising stand on its assistance to the Proper of Self-Determination of the Tamils of North and the East, which includes and up to separation. But several a occasions the USP has stood alone in the whole country to patiently explain our stand point each to Tamils as well as Sinhala masses. During the infamous IPKF period, when the correct wing reaction amongst the Sinhala population was represented by Deshapremi movement, which opposed the India’s intervention from a Sinhala communalist reactionary stand point.
We in the USP warned that “the army of India is no liberator of the Tamils, they will turn their guns very quickly against the oppressed Tamils, India is here since of its sub-Imperialist ambitions and they will not tolerate a radical government in the North of Srilanka on their southern borders which could influence the Tamil Nadu masses”, but our voice was isolated and even vehemently opposed not just by the Sinhala radicals but regrettably even the Tamil parties did not recognize our independent Socialist stand point.
Times have passed , but the history is repeating itself with a blatantly right variance, now the not only the Sinhala bourgeois and the petty-bourgeois but even the Tamil National Alliance is discovering typical cause in welcoming the utterly anti-minority, anti-muslim and one who stands firmly on the slogan of Hindu Rashtra, which is absolutely nothing but an aspiration of Indian Imperialism, which was hitherto latent.
If for some purpose the Tamil leadership of the North thinks that they have identified a saviour in Modi and would resolve the Tamil Nationality question for them, they are grossly mistaken. USP would like to warn the the misguided TNA and other forces, that Modi, the BJP or its consider tank doesn’t even contemplate Tamils in India as nationality, they categorically state that it is a Language only. Therefore to expect the Modi magic wand to intervene here is absolutely nothing tom foolery. Modi & BJP unmistakably stand for the supremacy of Indian nation, which is according to them is Hindu Nation.
For those amongst the Sinhala proper, who consider that Modi is their function model and therefore they can do enterprise with him are also fully mistaken, Modi apart from being the pivotal head of Hindutva nationalist forces, is also also the brutal face of Corporate interests of India. For the BBS varieties who eulogise Modi and RSS, they have to realise that Buddhism according to the RSS is offshoot of Hinduism and not extremely distinct, and therefore they would play down the fact that historically Buddhism was rebellion against the Bramhinical upper caste supremacy of Hindutva forces.
It is in the peoples interests of Sri Lanka, that we find a frequent platform to fight against the tyrants of the region including Modi and our own ilk. It in this endeavour that we need to be with the progressive and struggling forces in Tamil Nadu and the rest of India, who are putting up a valiant fight against the Hindu Proper represented by Modi, BJP & RSS.
It is pity that thouse sections who introduce themselves as lefts are maintaining mum on this go to. It has been stated in numerous corners that defeated Mahinda Rajapaksa has been using facist kind methods to suppress the opposition. In that context Modi has shown much more functions of that nature.
USP unequivocally opposes the check out of Modi to Sri Lanka we get in touch with upon the oppressed masses Tamils, Muslims and Sinhala folks to voice their protest against the government of the day for providing such a welcome to an undeserving communal bigot who has the blood of the folks on his hands.
*Siritunga Jayasuriya – Basic Secretary of the United Socialist Party (Sri Lankan section of the Committee for a Workers’ International-[CWI])
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Judge Not, Lest You Be Judged
Colombo Telegraph Feb 12th, 2015
The exclusive Tv interview of former President Chandrika Bandaranaike Kumaratunga (CBK) by “SIRASA” Television couple of days ago can only be named vituperative and boastful in that, the total substance was Mahinda bashing and claiming credit in toto for the political maneuver in generating Maithripala Sirisena the President. We have not noticed Chandrika appearing in electronic media for some time and this was the 1st for many years. There doesn’t appear to be any modify in her demeanor that of aristocratic arrogance and pretense.
Mahinda Rajapaksa, the all potent President a little more than a month ago is now the whipping boy of all and sundry. True, he and his regime mismanaged the country to the extreme that folks got frustrated and fed up with him regardless of obtaining the chance of becoming the greatest post worldwar (11) Sri Lankan leader who brought prosperity and peace to his country. He was digging his own grave by poor governance. The writer is not attempting to white wash or extend any sympathetic consideration whatsoever for all the MR incorrect doings. As the saying goes, even the Devil must get it’s due. The Television anchor pointed out to CBK at the end of the interview, hadn’t there been any excellent accomplished by MR? According to CBK it’s nearly nothing at all !
According to CBK, seventy five percent of the war was won by her MR did only the balance twenty five %. So, she reluctantly gave a crumb of a credit to MR for finishing the war. The nation heard and saw on the 4th of February President Maithripala Sirisena in his address to the nation was gracious enough to credit the former President Rajapaksa and Common Fonseka for the war victory. The Prime Minister Ranil Wickremesinghe too was not reluctant to mention it was MR who ended the war, whilst addressing the media subsequent to taking oaths. It is now public information that Ranil has told MR when he met him at Temple Trees in the wee hours of 9th January that “we have to shield you for what you have completed for our nation”. That says everything.
What CBK knows but ignores in her favour is that 1 of the most ignominious defeats of the Sri Lankan forces happened throughout her leadership. While the Norwegians were purportedly attempting to work out a peace accord, in April 2000 the LTTE launched parallel attacks on the most fortified Sri Lankan Army camps in Elephant Pass and Ayakachchi and overran those overnight, killing over one particular hundred SL army guys. So much for CBK‘s claim for winning the war.
What CBK knows but ignores in her favour is that 1 of the most ignominious defeats of the Sri Lankan forces happened throughout her leadership. While the Norwegians were purportedly attempting to work out a peace accord, in April 2000 the LTTE launched parallel attacks on the most fortified Sri Lankan Army camps in Elephant Pass and Ayakachchi and overran those overnight, killing over one particular hundred SL army guys. So much for CBK‘s claim for winning the war.
She failed to mention at the interview about her wisdom of PTOMS and her offer you to hand over the rule of north and east to Prabhakaran for ten years. Probably it was hassle-free to ignore those subjects.
If it was not for Mahinda Rajapaksa’s single minded mission to defeat and eradicate terrorism from our land ,the democratic political alter that occurred in January 2015 would not have been possible. Nevertheless considerably efforts are taken by political rivals such as CBK to demean it ,this truth will be solidly embedded in the annals of Sri Lanka for the rest of it’s history.
Contemplating the axis of Chandrika-Ranil-Sampanthan now in operation, a reconciliation approach based on the implementation in complete,the 13th amendment is in the books. Be that as it might, R. Sampanthan and his TNA proxies of the LTTE diaspora including Suren Surandiran of the GTF who is leaving no stone unturned to bring Mahinda Rajapaksa prior to the war crimes tribunal in The Hague on charges of genocide, will not give up their mission to have a federal state in the north and the east which would be the stepping stone for cessation.
According to current media reports, a decision has been taken to enable the public to see the Temple Trees to show the alleged luxury life the Rajapaksas’ were living at the expense of the public. It is also recommended that the governing party take a tiny work to clear the more than grown scrub on the left side of the Parliament complex so that it would bring to view a foundation of a Presidential palace laid for a lavish Rs.700 million CBK project, which was abandoned by MR after public outcry. Also just prior to retirement she attempted to gift herself a block of prime land near the parliament complex through a cabinet paper submitted by Minister Dinesh Gunawardena.
The lust for power is quite visible at the interview. President Sirisena would have had no opportunity in contesting the presidency had there not been a legal impediment for CBK in contesting. She was fined three million rupees by the Supreme Court for involvement in the sale of land at water’s edge. Her cronie Ronnie Peiris obtained for his business this 224 acre land for a song to make it a golf course. CBK was located guilty of abuse of energy by the supreme court. Men and women living in the Kotte and Kaduwela Municipality places are ever grateful for this court choice because the choice paved way for the MR government to completely resurrect the water retention network of canals and lakes in the region while creating recreation locations and stroll ways. One particular ought to bear in mind even the Parliament got flooded throughout heavy rains.
The bargains completed by Ronnie Peiris,the CBK crony, is far too a lot of to mention in detail. The Katunayake expressway project was previously awarded to Keangnam Ltd. throughout CBK presidency and it is alleged that the deal was manipulated by Ronnie Peries. The JHU and the JVP which are lambasting MR now for getting surrounded by deal makers ought to also look into regardless of whether CBK’s deal makers are back in organization.
One would remember the every day power cuts more than 3 hours the nation faced during the prior UNP regime. The church in Puttlam did almost everything to stop the construction of the proposed coal energy plant and as a outcome the country was facing dire consequences by not having sufficient electrical energy. Neither Chandrika nor Ranil had the back bone to counter these disruptive elements. It is MR who took the bold choice to go ahead in spite of the protests. Similarly upper Kotmale was also launched in spite of protests from the environmental lobby. Norachcholai coal energy plant could have had its initial teething difficulties but it now bears the significant component of the load of power needed by our nation.
Neither the Mattala Airport nor the Hambantota harbor were fancy projects of Mahinda Rajapaksa as claimed by his detractors. As per international air security guidelines, a nation like ours need to have a second air port in the occasion of closure of one particular air port. We knowledgeable this draw back for the duration of the war when Katunayaka had to be closed many times and planes diverted to Chennai or Maldives costing additional fuel to Aircraft. The notion did not originate from MR .He only implemented it and the present location was selected when numerous other places close to Colombo have been offered up on account of objections from men and women. A Character like Jayalalitha in Tamil Nadu could even prohibit Sri Lankan planes landing in Chennai in an emergency. There is no assurance that this would not happen in the future and it is no fantasy.
Similarly the port at Hambantota was a concept which prevailed for last 4 decades on account of the it’s best location, being close proximity and halfway in the busy east west shipping lanes. Singapore is possessing a virtual monopoly as a bunkering port. Annual targeted traffic on this route is about 36000 ships and 4600 tankers. The busy shipping lane is just 12 miles off Hambantota port. The Sri Lankan government initial offered the project to India but they have been sensible to decline because it would have affected Indian ports such as Mumbai and Chennai. What is now essential is a concerted work to industry the port by providing greater solutions than other ports such as Singapore and lure the ships to the port than seeking for scapegoats.
Hambantota is the one particular of most economically backward locations in the country. The work to create the region is worthy of credit. It was a hotbed of militancy in the previous due financial deprivation and social injustices as the cast system. MR becoming born in the district might have had a particular bond with the region in him but other regions of the nation too ,specially the war torn north saw immense advantages extended to the war weary population in raising their common of living.
The regular of the net operate of the roads was raised to unprecedented levels in the course of MR regime.Lowering the distance among individuals, markets, services and information – or basically ‘getting men and women connected’ – is a great component of what economic development is all about.
Although virtual connectivity has turn out to be increasingly essential nowadays with the emergence of new communication avenues, a very good and reliable transport network remains vital. There is a very sturdy constructive correlation in between a country’s economic development and the quality of its road network. The criticism that this is not a priority in Sri Lanka is coming from these who have no vision or else they just demand MR vilified claiming these road projects are grandiose.The alleged corruption on these road projects are not a explanation to vilify the vision. Those allegations are required to be investigated and proved. Let’s not throw away the infant with bath water. The Colombo Jaffna and Colombo Kandy highways need to be provided priority in the economic plan of the new government. Who gets the contract for the projects is immaterial. The reconstruction of the rail road to Jaffna is a project accomplished by MR with foresight.
It was reported in the media that this government has the intention of probing the human rights violations that occurred in this nation in the course of the final phase of the war by way of an internal probe as an alternative to the UNHCR probe. It is the most welcome issue to do rather than enabling UNHCR to do it. Nevertheless, investigations need to not be restricted to the brief period of final phase of the war only. This is a trap laid by the Diaspora and the so known as international neighborhood. The probe ought to cover the entire period of the war against terrorism.
The prevention of Terrorism act implemented in 1983 throughout the JR regime led to unbridled torture of citizens not only in the north but in the south as properly. Nearly thirty thousand Sri Lankans in the prime of their youth perished following capture by Sri Lankan forces. Most of them found dumped on the road sides tortured and killed. There are big number of folks specially parents and wives nonetheless searching for justice for what occurred to their dear ones under the JR regime. The infamous Batalanda torture chambers come to a single’s mind. It was the “Abu Ghraib” of Sri Lanka. The commission which investigated the problem was really specific that RW was aware of the chambers existence. The report states “Wickremesinghe and the SSP Nalin Delgoda, are indirectly responsible for the upkeep of areas of unlawful detention and torture chambers in homes at the Batalanda Housing Scheme”. The commission strongly suggested to government of CBK to bring the wrong doers to book. It was strongly believed Douglas Peiris the Policeman who was in charge of the torture chambers have been given amnesty for his testimony against RW. The irony is that MR who is now getting accused of human rights violation in the course of his rule was a human rights campaigner who went to Geneva, to location just before the UNHCR the predicament in Sri Lanka at that time.
To mention just one particular of the many scams completed by RW regime in the two year period they were in energy 2001/02 Yasasiri Kasturiarachchci the powerful UNPer and businessman who obtained a loan of four.1 Billion from the Individuals’s bank was provided a crooked bail out formula by then RW adviser and renowned fixer Paskaralingam through DR. Wickrama Weerasooriya an additional RW fixer to declare that the outstanding amount is not Rs.four.1 billion but one hundred million and Kasthuriarachchi to spend an amount of Rs.10 million from this outstanding amount and provided beneath is what CBK the President at that time had to say the Chairman of Peoples’ Bank Lal Nanyakkara.
“It is extremely unfair for a State Bank to extend privileges to an person, however politically strong he may be which are denied to other folks, much less influential.
I take into account such patronage to be a travesty of justice. I categorically state that the privileges not extended to others need to in no way be extended to Yasodha Group and any violation of this practice will be investigated into.
I also learn that your Board is taking into consideration reaching a settlement on the basis of the suggestions by this third party investigator”.
As the Head of State, I severely warn you to desist from any unjustifiable settlement and any methods taken by the Bank, which lacks transparency, will be subject to a unique inquiry and dealt with severely.
It is in your best interest to strictly adhere to legal process via the Court of Law.” (Day-to-day News – February 2, 2004)
Prime Minister RW‘s attempt to send Navy Commander Karannagoda for a two weeks foreign trip so that two LTTE ships bringing arms for the LTTE deliver the goods safely was thwarted by CBK throughout the time the CFA was in operation.
Yet another astonishing point that baffles several men and women is that an important portfolio, if not the most crucial, Minister of Finance is held by a person indicted by the Supreme Court for funds laundering of Rs. 390 million. Whilst it is appropriate that a single is not guilty unless verified, a person with such allegations ought to have been kept out from any responsibility till the verdict is offered. In addition to, Ravi Karunanayake’s past record as the trade minister does not warrant a larger responsibility to be given to him. He has grow to be popular for unmaking of institutions such as SATHOSA. It baffles me why a person like Dr. Harsha De Silva was not considered for this all important post. He is young and fresh blood devoid of dark clouds hanging over him. For that matter, Eran Wickramaratne would also have been a choice.
RW ought to really have accomplished an MR by dumping the out dated senile seniors such as John Amaratunga, Joseph Michael Perera, Jayawicrama Perera Et Al. as senior ministers.
John Amaratunga need to resign before the no confidence motion, if the governement is severe about god governance.
These are random thoughts which come to 1’s thoughts when politicians in power speak of great governance. Seeing on Tv news the other day, CBK receiving a courtesy kiss from her childhood buddy RW one particular can’t but conclude to what brazen levels our politicians go to gain power.
These are the custodians of “good governance”.
The Police are investigating into a van laden with explosives. The Crime Monitoring Division in Dematagoda is probing the incident. Expressing views to ITN, …
Video Rating: five / five
CHEC Port City Colombo (Pvt) Ltd – the Chinese business handling the constructions of the project has expressed their agreement to completely corporate with the government of Sri Lanka whilst announcing they have suspended the operations as per the instructions of the government.
Issuing an official statement concerning the suspension of the Port City project operate, CHEC has noted that they have received an official communique from the Secretary to the Ministry of Ports and Aviation, that has informed the business of the Cabinet selection produced to suspend the ongoing perform of the project.
The firm has also noted that as instructed in the Ministry communique, they would also take immediate methods to submit valid permits and approval troubles by the relevant government authorities with regard to the project.
“We will be taking all necessary methods to give these requested documents as instructed by the Ministry of Ports, Buying and Aviation to abide by the notification received without prejudice to the legal rights of the organization beneath the agreements entered into with the government of Sri Lanka on September 16, 2014,” they have stated.
In addition, the organization has mentioned that they would fully cooperate with the GoSL and continue to adhere to the procedures and situations stipulated in the mentioned agreement such as the commitments contained in the authorized environmental impact assessment study.
The business has also noted that it would continue to comply with the law and adhere to the needed guidelines issued by the government for a mega development project of this nature.
The government yesterday cleared the names of Rakna Arakshaka Lanka and Avant Garde Maritime Solutions. Parliament was told that the setting up of the firms concerned, recruitment of personnel and the payment of taxes and other dues had been done correctly.
Leader of the Residence Lakshman Kiriella, reading out responses to a series of inquiries raised by JVP leader Anura Kumara Dissanayake on Rakna Arakshaka Lanka and Avant Garde Maritime Solutions the earlier week, said that the Ministry of Defence had given permission to Rakna Arakshaka Lanka to deploy sea marshals. The organisation came below the purview of the Ministry of Defence. The organisation had recruited retired military officers. As the threat of sea pirates was escalating, the organisation had commenced deploying of sea marshals and it had accomplished so in accordance with the provisions and requirements stipulated by the International Maritime Organisation of the UN in the Circular MSC1/Circ/1443.
Rakna Arakshaka Lanka had been paying taxes due to the government regularly. It had paid more than Rs. 535 million to the government because 2011. In addition it had paid dividends to the Treasury. The amount of dividends paid by Rakna Arakshaka Lanka to the Treasury because 2011 exceeded Rs. 94 million, Minister Kiriella stated.
Supply