27 November, 2020

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An Anatomy Of Arrogance

By Sarath De Alwis

Sarath de Alwis

Sarath de Alwis

It is doubtful that our Prime Minister Mr. Ranil Wickremesinghe has read Leon Trotsky. However, I think the Constitutional Scholar and member of Parliament Mr. Jayampathy Wickramaratne PC has read Trotsky who famously said that the “depth and strength of human character are defined by its moral reserves”.

In those idyllic times of hope in January 2015, I remember calling Mr. Wickramaratne to express my utter alarm, dread, shock and consternation on learning that Mr. Arjun Mahendran was to be appointed Governor of the Central Bank. They were times when Mr. Wickramaratne answered the phone and was ready for a casual conversation with an old acquaintance from the days when we both frequented the Chithra Lane home of the late Hector Abhayavardhana.

He said he did not know about Mr. Arjun Mahendran. I told him that I did not know much about him either. But I said that he was the father in law of Arjun Aloysius the young heir of the House of Aloysius a pivotal player in the Central Bank firmament under Governor Ajith Nivard Cabraal. I thought that the appointment would compromise the new Presidency. Since the interim UNP administration was dependent more on the President, I felt that he could be persuaded to turn down the nomination. If my memory serves me right I implored him to brief the new President on the sensitive conflict of interests implicit in that nomination. It was an impulsive act prompted by my assumption that Mr. Wickaramaratne would have access to the new President through his active role in the movement for a just society headed by Venerable Maduluwawe Sobhitha Thero.

Since then Venerable Sobhitha thero has boarded the raft crossing Samsara and Mr.Wickramaratne has entered parliament on the UNP national list. Since then, we have also witnessed a colossal chronicle of distortions, half-truths and positively preposterous explanations on the Bond fiasco of the Central Bank.

According to published news reports the Auditor General has concluded that the Treasury had lost a cumulative Rs. 1.6 billion from two controversial Treasury Bond auctions and that Central Bank Governor Arjun Mahendran, handpicked by Prime Minister Ranil Wickremesinghe, ‘had failed to exercise “due professional care” that was demanded of his position.’

The term of Governor Mahendran ended on 30th June. The Prime Minster has again handpicked Mr. Charitha Ratwatte to succeed him. There has been no suggestion that the new nominee has been cleared by the National Coalition Cabinet. While the Minister of Finance has a say on the matter, the usually chatty Minster has not been forthcoming on the subject.

Charitha Ratwatte is not an economist. He is a Ranil Wickremesinghe loyalist. His claim of being a former Secretary of Treasury and hence his insight in to finance global and domestic is akin to former member of Parliament Mervyn Silva claiming to make a pretty smart Parliamentary Ombudsman.

By nominating Charitha Ratwatte to that position, the Prime Minister has told the President and the people of this republic that he is not bound by the laws and norms of accountability that binds ‘we the people.’

By virtue of his leadership of the UNP and hence of the largest group in Parliament, he has declared that his lordly status will settle for nothing less than obedience and compliance.

Mr. Wickremesinghe is not the first politician to rely on cronyism and patronage. That said he certainly can be singled out as a percipient practitioner of cronyism confined to a Brahmin class of his own definition. They stand out among the usual hoi polloi by their monstrous egos and flagrant sense of entitlement. It is a conviction that one has an inherent right to not only to hold an opinion but also a stubborn belief that such opinion is immune from challenge.

The culture of political entitlement is found in all political parties. On January 8th 2015, the people decided that such political entitlements should not create conditions for personal wealth accumulation or concentrate state power in the hands of an unaccountable authority.

Mahinda Rajapaksa’s greatest strength was that he understood the cumulative effects of the sense of entitlement of his party cadres. While his immediate family were focused on their individual sense of entitlements he encouraged and nurtured a collective sense of entitlement. That has made him the single political leader in possession of a nascent grassroots organization that can be mobilized on call. Mahinda’s strength was that he chose his camp followers on the promise of a shared future.

Ranil Wickremesinghe has opted to choose his camp followers on the basis of a shared past and a shared history. When he makes a choice he expects ‘we the people’ to regard his pick as beyond reproach and infallible.

So, Charitha will make a good governor of the Central Bank just as brother Suren has proven to be a stellar Chief Executive Officer of the loss making airline.

The most vital function of a central banker is to protect the stability of the country’s financial system. In today’s context it also needs the expertise required to insulate against global economic shocks. Given the autonomy implicit with that responsibility, the head of the central bank should personify good governance and integrity.

As the super regulator of the country’s financial sector, the governor of the Central Bank should not be intimidated or influenced by politicians, tycoons and trumpeters.

The nature of the job in the epicenter of the incestuous world of high finance and political muscle calls for fearless independence. Most importantly the Central Banker must possess what Amartya Sen credited Raghuram Rajan with – ‘skillful financial economic thinking.

Mr. Ranil Wickremesinghe is making a grave mistake. There awaits a new generation not quite ready to listen to his homilies delivered at school functions and others events where well behaved captive audiences doze off at his contrived Sinhala- ‘Ehemanag Api ..aaaaaaaaaaaaaa.’

Since I am in daily dialogue with at least four Grandchildren who will be voting at the next general election I can confidently inform Prime Minister Wickremesinghe that there is an ascending generation who do not care about the books he read or the friends he made in his old school. They are interested in tangible deliverables. I can assure the Prime Minster of their ability to distinguish scholars and achievers from charlatans and academic frauds.

What they hold in utter contempt are efforts to entice them with fables of the past that are deplorably divorced from present day realities.

With the insight in to the precocious curiosity of my own grandchildren, I can well understand the depth of the discontent of the youth who attempt to topple the barricades that deter their marches, braving the piercing pain of police water cannons.

Their sense of enough is enough is far more relevant to our time than the sense of entitlement of the backroom apparatchiks of the United National Party.

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Latest comments

  • 33
    3

    Bravo
    .What an Article.Should it be said anymore.
    Yes enough is enough of RW

    • 8
      3

      Sarath de Alwis

      RE: An Anatomy Of Arrogance

      “According to published news reports the Auditor General has concluded that the Treasury had lost a cumulative Rs. 1.6 billion from two controversial Treasury Bond auctions and that Central Bank Governor Arjun Mahendran, handpicked by Prime Minister Ranil Wickremesinghe, ‘had failed to exercise “due professional care” that was demanded of his position.’”

      Thank you. Expose, expose and expose!

      Is it An Anatomy Of Stupidity?

      Simply based on the various earlier reports, Amarasiri deduced that, Arjuna Mahendran has shown

      1. Lack of Intelligence and honesty.

      2. Lack of Transparency.

      3. Lack of Integrity and Ethics.

      Controversy

      In February 2015 CBSL advertised the sale of Rs. 1 billion in 30 year government bonds at an indicative rate of 9.5%.The sale was oversubscribed with 36 bids of totaling Rs. 20 billion. The majority of bidders, 26, bided for Rs. 100 million or less at a rate of 9.5%–10.5%. However, a few bidders, including Perpetual Treasuries Limited, wanted interest rates of 11%–12%. On 27 February 2015 the CBSL accepted Rs. 10 billion in bids at rates of 9.5%–12.5%.[The issuing of ten times the advertised bonds, and at a higher than expected rate, was alleged to cost the Sri Lankan government an additional Rs. 40–45 billion ($300–$340 million).Perpetual Treasuries was issued, directly and indirectly, with Rs. 5 billion in bonds at 12.5%. Perpetual Treasuries was one of the primary dealers in the sale and is owned by Mahendran’s son-in-law Arjun Aloysius. This situation became a controversial political issue in Sri Lanka as the newly elected Sri Lankan Government of President Maithreepala Sirisena came to power with a slogan of good governance in the country.[11] A three-member Committee of eminent lawyers was appointed to investigate the issue and the report produced by the committee claimed that there was no direct involvement by Mahendran in the deal.[23] The Supreme Court of Sri Lanka did not grant leave to proceed in a fundamental rights case that requested a separate inquiry into the bond issue, as no laws were broken.

      Following the alleged bond scam, the 12 month Treasury yield of Sri Lanka rose 86bps WoW to 6.99% as at 6 March 2015. On 15 April 2015, during the April monetary policy review, the monetary board of the Central Bank of Sri Lanka reduced policy rates by 50bps resulting in overnight capital gains to the holders of bonds as of that time (with Arjun Aloysius being one).

      https://en.wikipedia.org/wiki/Arjuna_Mahendran

      • 10
        2

        Amarasiri,

        “Simply based on the various earlier reports, Amarasiri deduced that, Arjuna Mahendran has shown 1. Lack of Intelligence and honesty. 2. Lack of Transparency. 3. Lack of Integrity and Ethics.”

        I believe that you are correct except for his lack of intelligence. A man who has Masters from Oxford and became senior private banker in Singapore and Dubai despite being SL Tamil (unusual background) cannot be very stupid. He must have at least average IQ.

        As for the rest: only morons think that a private banker is a saint.

    • 16
      8

      “the House of Aloysius”

      There was a Dr Aloysius who was the primary moving force behind the establishment of Ragama Private Medical College. His motive was, he had a son who couldn’t get into Medicine. But even in the Ragama PMC he was a failure. I guess, some people are just not cut out to be quacks.

      The few months I worked in SL, I have met Charitha Ratwatte. I don’t think he is a crook but there weren’t many of us who thought that he could chew gum and walk at the same time.

      Hasn’t Ranil got absolutely no one else?

      • 8
        5

        nimal fernando

        “Hasn’t Ranil got absolutely no one else?”

        He has two balls, and a ball cannot be appointed as the Central Bank Governor, I guess.

        • 5
          0

          Two balls but not enough Testosterone to produce a child, the variety that determines his LG THE behavior.

          Soma

          • 3
            0

            somasssssss

            Do you think one needs testosterone alone to produce a child?

        • 0
          3

          The PM has two balls, you moron you have no balls.

          • 4
            0

            fredupurs

            “The PM has two balls, you moron you have no balls.”

            Do you mean somass has donated both to the national movement of smart ass patriots headed by Clan and the crooks?

            By the way, how do you know PM has two?

            Could you cite evidence.

            • 0
              0

              Cool.. I never thought you could raise the kind of …
              NV, you re becoming naughty.

              Greetings from Germany alles gute -ich mag trotzem Deine Kommentare

      • 17
        2

        nimal fernando ,

        “Hasn’t Ranil got absolutely no one else? “

        Ranil lives the whole day like a fool has Charitha Ratwatte.!.
        Presently liberal long term IMF loans not short term Chinese win-win carry the island.
        Christine Lagarde could stay on as head of the IMF, despite being charged with criminal negligence!.

        ….Jokerman dance to the nightingale tune,
        Bird fly high by the light of the moon,
        Oh, oh, oh, Jokerman.

        It’s a shadowy world, skies are slippery gray,
        A woman just give birth to a prince today and she’s dressed in scarlet.
        He’ll turn priests into pimps and make old men bark,
        Take a woman who could have been Joan-of-Arc and turn her into a harlot.
        Oh, Jokerman, you know what he wants,
        Oh, Jokerman, you don’t show any response.

        Jokerman dance to the nightingale tune,
        Bird fly high by the light of the moon,
        Oh, oh, oh, Jokerman.

  • 26
    3

    I agree with writer when he says that Ranil is making a great mistake here. It is time to caution UNP Parliamentarians, Party members and ardent supporters that for the second time in succession their leader Ranil, through his sheer arrogance may loose the opportunity to run his Government for the full term of 5 years shattering their dreams. They need not be reminded that Ranil’s 1st term under Chandrika’s Presidency ended in barely 3 years due to his inaction in curbing violations of the Ceasefire Agreement by the LTTE, though the larger majority in the country expected that from him. Due to this blunder he was mortally scared to contest for the Presidency fearing that people will reject him wholesale. Even Mahinda felt very comfortable expecting Ranil to contest and got panicked when Maithri’s name was announced. Ranil should frankly admit that if not for the efforts of the Civil Society Movements led by late Ven. Maduluwawe Sobhitha Thero, today we would be witnessing Cabral continuing as the Governor looking for more Greek Bonds to invest under President Mahinda Rajapaksha’s third term.
    Further Ranil should not forget the fact that there had been resentment and unhappiness among many youthful parliamentarians before Ranil got the opportunity to form a government with the support of Maithri backed by Civil Society. If he thinks he is the leader and not Maithri he will be sadly mistaken and true UNP’s are bound to suffer again due to an arrogant and not so clean leader. Sirimanne

    • 0
      3

      There is a lot of truth in what Mr Sirimanne says.

    • 0
      1

      Pray for RAnil

  • 14
    2

    Charitha Ratewatte is a,lawyer but a diehard RW loyalist from school. He was always a political activist from behind the scenes. Tends to be arrogant and aloof but he’s very smart and capable. He was made NYSCA Chairman by Ranil Sir after UNP won by a landslide. Always a diehard unp man who benefited immensely. In his second political tenure he was Secretary to the treasury and homosexual political UNP (now MPs) were appointed as Agramaathya Upadeshakhas by him to please his close and personal friend. I remember those days at Central Bank, but he did very good work. He’s smart and has a great grasp of economic, world and local affairs. He is a blind loyalist like others in his clan who are unable to ever have an honest discussion on the Tamil pogrom of 1983 or all the murders of 1987 to 1990 period including Torture chambers. They are arrogant in their certainty that they’re always right. Typical of the radalayas.

  • 15
    1

    I think at this stage it’s all about maintaining one’s reputation and image…whatever that’s worth these days…for Mr. Wickremesinghe.

    He is smart enough to know Mahendrans reputation is worth zilch and is grasping at threads.

    He has trump cards to play vis a vis the President, who has plenty of f*ups of his own, trying to keep his bunch of crooks in line.

    So it’s about..my crooks are more honest than yours…Sri Lanka style.

  • 22
    2

    For the second time today I need to salute this man I do not know, but writes the very things that resonate within me, truly.

    The Hon Prime Minster will be well advised to heed what is written here, but as we know he wont, and we can start counting the days from now on, until his downfall.

    Sirisena will last, because he doesnt think he’s always right, but Ranil wont, because he thinks he is!

    Ego, you imposter, you could wrap good men around your finger and destroy them wheevern you wish, could you not?

    Sarath de Alwis I salute thee for your fearlessness in speaking out for the silent millions. Thank you.

    • 7
      2

      Justice & fairplay

      “The Hon Prime Minster will be well advised to heed what is written here, but as we know he won’t, and we can start counting the days from now on, until his downfall.”

      We have a situation of Stupidity and Ego interacting in funny ways.

      Does the Prime Minister believe that Stupidity is a Virtue? Or is it that Arjuna Mahendran knows something that will be damaging? Just curious!

      • 6
        1

        Amarasiri,

        “Or is it that Arjuna Mahendran knows something that will be damaging?”

        I have been thinking about this also. A man who was working in private banks in Dubai and Singapore must know all of how to hide money off shore. In Dubai he worked in the bank that apparently has SL money from the family and friends of MR. Some accounts have been found others not. Why?

        Was he providing Wealth Management and private banking especially for dirty money and politicians from SL?

      • 8
        2

        Obviously, Arjuna Mahendran does know something very damaging that he probably did on behalf of or at the request of Ranil. Hence, the all out effort to protect Mahendran at all costs to protect Ranil’s political life.

        What might that be? Would it be that the money that was siphoned from the Bond scam went towards the UNP coffers. Perhaps to pay for the last presidential election costs? Perhaps, the second Bond scam went towards paying for the cost of the general election?

        If Mahendran had an iota of self respect, he would have resigned. Just the fact that his son in law’s company was a bidder and that conflict of interest should be enough for him to tender his resignation. Its not happening because RW and his motley crew used Mahendran to make this money and are now forced to protect him

        • 2
          1

          Rajiv,

          “Would it be that the money that was siphoned from the Bond scam went towards the UNP coffers.”

          Part of the necessary investigation should be to find the money and recover it if possible. In addition the culprits should be punished.

          I have read claims that the “bond money” is in Singapore. To my best knowledge transferring money out from Sri Lanka is only possible with authorization from the Central Bank.

          All the transactions must have been recorded by the various banks and should be investigated.

  • 6
    5

    I agree with Mr Sarath De Alwis on most of what he has said. It is unlikely the opening line about Ranil W’s reading habits is correct. He is probably far better versed in the works of Trotsky than Sarath De Alwis is, being something close to a savant in his ability to absorb and recollect large amounts of data. However, such a skill is of of little use in the seat of prime minister because it has not helped him see beyond his own arrogance and tolerance of cronyism, which has ruined him in the past and will continue to do so in future.

  • 8
    2

    RW makes a excellent white collar crim and MR makes an excellent war crim with all their crappy “followers” in between.So blessed is Lanka with career politicians.

    RW will not change same as MR will not.

    UNP’ers were surprised how RW entered via back door but,are not at all surprised with his inefficient and inept government.
    RW and clique think donning a suit every morning does the trick.
    And his Deputy Minister for Suicide Mr. Thevarapperuma takes the cake.Maybe he could be Governor.

  • 8
    2

    It is not for nothing that RW the man who lost so many times got hold of M.S.
    to contest the election. He does not deserve to be prez. Thank God M.R. was there during the War as otherwise by now we will be under P.

  • 10
    0

    Ranil mr Clean? I do not think so.Looks more like mr Sh. t.

  • 9
    0

    Arrogance is always followed with “Manipulations”. RW is a master operative in that process. Towards achieving his goals, RW will not hesitate in doing whatever “unholy”, if that is the way it must be. Perhaps, it is timely and appropriate to turn back to the events that were upbeat inside and outside Srikotha, during the Leadership struggle of the UNP. He even got the “assistance” of the then President MR to curb the protests outside the UNP headquarters. That was when MR ordered the carpeting the roadway in front of Srikotha on the same day and closed the road, thus preventing protest march. Everyone knew it was an unscheduled road repair; but purely to assist RW in his campaign to gain control of UNP. In like manner RW has got the President to await the arrival of the Finance Minister to make a decision on the appointment of CB Governor. Interestingly does anyone know under whose control the Central Bank operates? All this while, we knew it was under PM. So why await the Finance Minister’s arrival? It is nothing but “Arrogance” coupled with “Manipulations”. MR will have the last laugh.

  • 15
    0

    I dont have anything more to add. Simply say I am ashamed to have voted him in and having voted him in all elections. I WILL NEVER AGAIN VOTE FOR RANIL.

  • 12
    1

    What arrogance ? He is not even a proper man! A real man will not be a hunched , slightly pot-bellied namby-pamby preferring the company of young men like Sagala, Akila etc. A real man would have not got played out by Chandrika in 2004, a real man would have taken on Prabakaran on the battle field.A real man would have chased the Chinese from the Port City and stood by his decision ! What arrogance for a man like this!

    In 1994 when Wijetunga was president and Gamini Dissanayake who had left the UNP and campaigned against the UNP returned to the party , the UNP rank and file immediately dropped Ranil and embraced Gamini. Would that have happened to a real leader ?

    Clever Ranil ? Have you read anything written by him? Only a ordinary ( no sales at all) book on Buddhism. As a Minister, Prime Minister very mediocre only good at sissy performance.The country is in crisis now.

    Ranil is like this only because he cannot be normal with people. If he associates with them as equal they will soon find out he is sick man with average brains.

    Hope at least this time the people and the few die-hard UNP elite group realize what a eternal failure this “guy” is

  • 7
    2

    Sarath de Alwis,

    Thank you. Excellent article.

  • 8
    6

    I can’t believe that President Sirisen’s decision for new governor was toppled over. It’s a very scary thing indeed!

  • 8
    0

    “I don’t have anything more to add. Simply say I am ashamed to have voted him in and having voted him in all elections. I WILL NEVER AGAIN VOTE FOR RANIL.”

    I would extend the last sentence to say: “I WILL NEVER EVER VOTE FOR RANIL OR A PARTY/COALITION LED BY MY3 AND/OR RANIL”. That’s it and that’s all.

    I spoke to my cousin who voted for Yahapalanya last night and he said there is unrest everywhere in the country; no vegetable is available below Rs 200 and people are really struggling to survive! My3+Ranil duo shows they are dragging the country to an economic tsunami. Central Bank bond-scam is just the tip of the iceberg!
    My3 got gold medals from G7 leaders in Japan a weeks ago, and many Sri Lankans thought those powerful friends would act impartially at UNHRC? 12 countries including US, Britain, and France criticized SL and also cunningly used newly created countries (out of the old Soviet block)as cat’s paw to level heavy criticism at SL? What would Sri Lankans think about this ‘dubious’ relations between US, Britain, or France and Sri Lanka? Is Sri Lanka just a friend to be used like Albania, Lithuania, and Montenegro? It is sad to see what powerful friends do at world organizations against Sri Lanka and it will definitely backfire at upcoming elections against My3 and Ranil!

  • 0
    1

    fOR YOU yes, but he will stay patient a candidate being chosen to please both sides equally. Notjust the qualifications can make it here.

  • 8
    0

    why doesn’t the President kick the as…… PM out and make a SLFP government. This arrogant chap should be kicked out of office before he ruins the country

  • 2
    1

    The people who read politics of Trotskyism are out of reality that not correctly handle by law of dialectics in every sphere of life.

    That is which including discretionary fiscal policy of UNP, and the GOVERNING RULE OF DISCRETIONARY INCOME AND DUTY. The needless to say UNP policies and their leaders from very inceptions are without dilution of skill in politics , economic and socially are similar applications since 1977 under JRJ.

    Is that Ranil.W.. of Christian democracies and their school of thought is not only rigid, their principle and policies base on counter-revolutionary nature politics ideology of metaphysis; denied the conditions of democratic changes and a democratic revolution.

    UNP -Ranil.W… have to purposely shut their eyes not see how before your very eyes of political conservatism is growing in Sri Lankan under the very similar conditions.

    The crux of matter our challenge today is the existing openness sustainable and consistent with broader national goals of capitalism.
    This social forces demand by decisive shifting in the focus multilateral capital negotiations.

    When UNP leaders being to helm of state power they shut down talk about expanding the manoeuvring room emerging countries like China rather than narrowing in further cuts need of capital by Ranil W…

    The very UNP policy makers and leaders did NOT create the domestic space of prevailing social programs, regulations ,renew domestic needed to protects social contracts by last regime and pursue locally tailored growth policies.

    What UNP have do be barraging about policy space rather than market access. Such reorientations would be benefits developing nation like us. UNP has lost that vision due to their pro-western and pro-Indian policies narrow of an objectives.

    UNP leaders did not realized expanding policy of sustainable space of capitalism that to accommodated domestic objectives does NOT negate an open overall development of economic it is a preconditions for it.

    The UNP misrule of expanding policies in key area of Central Bank puts domestic entrepreneur economy into difficulty. Development of economic in an Island being engrossing by mismanaging of UNP leadership of narrow vision.

  • 3
    0

    Mr. Samuel Jayaweera!
    What have you got to say about this comment by Harryhatton?
    “In 1994 when Wijetunga was president and Gamini Dissanayake who had left the UNP and campaigned against the UNP returned to the party , the UNP rank and file immediately dropped Ranil and embraced Gamini. Would that have happened to a real leader ? Clever Ranil ? Have you read anything written by him? Only a ordinary ( no sales at all) book on Buddhism. As a Minister, Prime Minister very mediocre only good at sissy performance.The country is in crisis now. Ranil is like this only because he cannot be normal with people. If he associates with them as equal they will soon find out he is sick man with average brains. Hope at least this time the people and the few die-hard UNP elite group realize what a eternal failure this “guy” is.
    I’m just curious!!!!

  • 3
    0

    “We must steel ourselves against utopias and be content with a slightly better state.” 
    ― Will Durant
    Perhaps better than the CB run by Nivard Cabral?

  • 4
    0

    Sri Lanka has an abundance of talented financiers but with no political clout.
    I feel the best way to appoint the CB governor is to choose from a list of known
    names in the financial circle and shortlist to elect the best. After all, who ever is chosen will be a Sri Lankan.
    A CB governor must not be allowed to make independent decisions and must head a panel of board members who will approve the decisions etc..
    There are many Sri Lankan “brains” who are consultants as economists and financiers in the related global market. I hope we should be lucky to rope in
    a dedicated Sri Lankan to become the CB governor. But then…..why these chaps keep away is due to political fingering.

  • 4
    2

    Should not any public officer, whose action/inaction caused a loss of Rs 1.6 Billion to the Treasury, for the benefit of his son-in-law, be in prison, even if he is a foreign national?
    If not, what will prevent his successor(s) from doing same?

    • 0
      1

      justice,

      “Should not any public officer, whose action/inaction caused a loss of Rs 1.6 Billion to the Treasury, for the benefit of his son-in-law, be in prison, even if he is a foreign national?”

      Of course but only if she or he is found guilty by a judge. In this case the son-in-law and others also should be charged.

      Unfortunately this case has not been investigated properly so that nobody has been charged. The alleged culprits continue their lives and Mahendran might even continue as the CB governor.

      “If not, what will prevent his successor(s) from doing same?”

      Absolutely nothing.

      I hope that we keep this case in the media so that the politicians responsible are voted out.

      I also hope that our foreign backers like the IMF demand that the CB and other institutions are cleaned up in the name of good governance. Some foreign money comes with conditions.

  • 1
    0

    By nominating Charitha Ratwatte to that position, the Prime Minister has told the President and the people of this republic that he is not bound by the laws and norms of accountability that binds ‘we the people.’

    Above statement says how responsible Ranil wickramsinghe as the prime minister and how accountable will be his next CB – governor.

    Ranil Wickramsinghe has a history of appointing UNP supporters or his schoolmates without checking out whether they are capable of doing it or whether they are decent people and not criminals or thieves.

  • 1
    1

    Arjun Mahendren is only a graduate and he has no post graduate qualification as such. He is only a graduate from Oxford and that does not make him fit for the job. He does not seem to be an intelligent person either. His only qualification to the Central Bank job is his Obedience and being in partnership with RW to stop to the lowest level. Whether Ranil was in partnership with Mahendren in defrauding the bond sales is something the time will tell.

  • 2
    1

    I have a major complaint about Mr. De Alwis: he doesn’t give us the pleasure of reading what he has to say often enough!
    Come on, Sarath, “More, more, more!”

    Even if we can’t change these idiots who are well on the way to having their friends (MR and co.) returned to power, maybe some of the criticism will enable the emergence of the “third force” that we so desperately need.

  • 0
    2

    I wonder what the new Governor’s nationality is?
    He can’t be having a SL passport after living almost all his life abroad.
    He only came back to SriLanka, after he retired or was made redundant.
    How come no one seems to care about that?

    • 1
      1

      Check with the Commonwealth Secretariat because they issued him the diplomatic visa 1990-2008 again in 2010 when Galleon became hot stuff.
      RR was built of insider stuff.- like the colombo7club.
      bureaucrat family knew the ropes. sis runs behind ambulances like DJ till Ranil got back.

    • 4
      0

      Sobana

      Buddha came to this country did he have a passport? Vijaya and his goons sought refuge in this island did they have passports?

      Cholas, Pandyas, Maha, Portuguese, Dutch, Brits and notably your ancestors came to this island did they have passports?

  • 0
    0

    Emil,
    Grateful for the good things you said. Now I write only in desperation. Besides, I have a grand son getting ready for his O levels. Keeping track of him is a full time occupation!

  • 0
    0

    What BULL SHIT ! People who write utter rubbish like this should be made to eat their words with BULLSHIT for sauce !

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