24 April, 2024

Blog

Auditor General Confirms Country Lost Rs. 1.6 Billion Due To Bond Scam, COPE Report Out This Month

With the Committee on Public Enterprises (COPE) scheduled to submit its findings on the bond scam at Central Bank later this month, the Auditor General has confirmed that the country lost a staggering Rs. 1.6 billion due to the scam, highly placed sources said.

Auditor General Gamini Wijesinghe

Auditor General Gamini Wijesinghe

The Auditor General had reaffirmed his findings via a communication addressed to the COPE, which is currently finalizing the report on the Bond Scam, despite facing setbacks especially with several UNP members in the COPE attempting to derail the investigation, claiming that the Auditor General’s report is not ‘acceptable.’

Last months, Chairman of COPE Sunil Handunneththi assured Parliament that there was no move to sweep the bond scam under the carpet, in response to an allegation by Joint Opposition MP Bandula Gunawardane that the COPE was attempting to sweep the matter under the carpet due to pressure from certain groups within the government.

In June, the Colombo Telegraph reported that Auditor General implicated ex-Governor of Central Bank, Arjuna Mahendran in the bond scam in a 1200 report that was submitted to Speaker Karu Jayasuriya and COPE. No sooner the highly damaging report on Mahendran was issued, several UNP members kicked off a campaign to work in a manner aimed at jeopardizing the COPE investigation, in their efforts to safeguard Mahendran, who was appointed to the Central Bank Governor post by Prime Minister Ranil Wickremesinghe. Soon after the Auditor General’s report was released, several UNP MPs had criticized the report and said that it was not acceptable and therefore a report from an independent party was required.

In September, Perpetual Treasuries Limited, linked to Arjun Aloysius, son-in-law of Mahendran, recorded a profit of Rs. 5.1 billion for the year ending March 2016. The firm has seen a staggering increase in its profits of up to 430 percent in comparison to the previous year. During, Mahendran’s tenure as Governor, Perpetual Treasuries made the news after being allegedly involved in the bond scam. Reports claimed that Perpetual Treasuries was issued, directly and indirectly, with Rs. 5 billion worth in bonds at 12.5%.

Print Friendly, PDF & Email

Latest comments

  • 15
    8

    This is not a transaction that AG could easily find even if he possesses years of exp in accountancy and the very specific fields.

    Earlier those sums were hypothetical. Now they have become as if the sums were fully stolen:

    However, the ground realities of the scam issue to be revealed to the nation – not leaving them upset anymore.

    Truth about Arjuna M is – there are no publications issued against his frauds prior to join LANKEN CB. He had been named as one of the talented professional.

    • 14
      6

      As the former chairman of the BOI, Sri Lanka, he was a respondent in the Supreme Court case of privatising the Lanka Marine Service Limited (bunkering services to ships in the Colombo Port) to the John Keel´s Holdings. The SC annulled and reversed the transaction because the whole deal was corrupt. But Arjun Mahendran escaped the case by migrating to Singapore. These are facts. That time also Ranil Wikramasinghe is the Prime Minister (2001-2004). Thus, you can see this duo are the partners in crime with an indisputable history and track record.

      • 7
        9

        Please add the links, any simple simon can add the kind of fabrications.

        Ranil W has no desire to protect the kind of abusers.

        Ravi K was alleged to have a case with funds abuse, but that was heard – it was no means his fault. So then only RK was continued to be a the minister.
        All the hearsays being added by PROXY MR media cant live forever.

        Today, like the Gobbeltheory, if HIRU OR DERANA would spread them, that go viral, since buddhist monks are connected to them. Other is NethFM. But can they stand out wihtout Buddhistic issues ? Never…

        Rajaakshe also cant be a leader witout Monks backing.
        He had no guts to run a war but moral was made by LANKEN civil grouops and monks of the nation.
        That is how the kind of politicians surive in their all abusive politics in this country.

        • 0
          0

          And Ranil is selling and mortgaging the country to various American Consultancy firms that know JACK SHIT about Sri Lankah and who will use the political corruption that is rife in the country to rip off the people of Sri Lanka again.

          Meanwhile highly qualified professionals are ignored and there is a massive BRAIN DRAIN from the country continuing due to the massive corruption of the Ranil – Sira Jarapalanaya regime.

      • 5
        5

        among the academics, not many would believe that AM to have grabed billions. BASTA.

        But those who just believe anything in air – are caught as all the villagers have been caught by Rajaakshes mantra.

        WHERE NO FACTS AND FINDINGS ARE AWAY; GOBBEL THEORIES CAN TAKE GROUND:
        HC has made their decisions, RM to have done nothing wrong, but entire world inlcuding Rajakashe men (most virulent) painted the picture in favours of them and burying their huge sums ranging to billions being questioned… on and on, now there is a belief that AM to have grabed funds fo rtheir own company, but this is far from truths,… truths will be heard soon in the next days.

    • 8
      1

      Mr Gamini Wijesinghe is a very eminent Chartered Accountant well versed in audit and finance. Judges have to make decisions on medical, financial engineering and many other technical matters without any specialized knowledge in any of these areas. Any body cannot find fault with judges. Auditor general has to do his job. If Auditor General is given proper powers like in US, India and other countries we do not need to have so many other commissions to investigate corruption. One cannot become a Chartered Accountant without a substantial knowledge of economics.

      • 3
        4

        Yes, but about bonds and the handlings are related to more hypothetical predictions – and it was said, that they had handled them without being subjected to auction – ….
        So, if there are no right evidences HC to decide about the bond scam, since these are grey areas of the job scope- how can you categorically accuse him being the person to be charged ?

        It is like a surgeon, who risked an operation, but not considering the life saving, since it was focused on saving the life falling on all or not -.. so except few professionals in the area itself, others should be away from making any kind of accusations, as I feel.

        If the met person had never done any kind of abuses before…

        If Singpaore or Saudi permamently endorse the guy to be genuine and an expert of the field; what more to be done to correct his reputation.

    • 6
      0

      Whoever it is, whatever there background, the law should work accordingly. Misuse of power should be treated as crime against humanity and the should be puished and their civil rights should be taken away. Misuse of power is much worse crime than even Terrorism.

      • 3
        0

        I have the feeling the particular Auditor General calculated few items together as JVPrs have been – and may be added them to the report. That is it. At the begining I also thought …. the frauds being louded by JVPers as high profile fund abuses, but none of them to have been proved sofar, – makes me very unhappy. With media enability to handle such iresponsble accusations – lead to everyone s disharmony sofar.

        Besides, Hypothetical sums that could have gone missing, cant be considered as real ones.
        Why the kind of handlings were not knowin in the highly abused previous CB governers tenure ?
        All in all, these are just stammered stories to win one party above the other.

        Except AM s son in law s company allow buying those bonds, nothing else as i see is wrong to have done by AM. His son s company was one of some companies that were ready for them.

    • 1
      0

      @CT,
      You reported “country lost a staggering Rs. 1.6 billion due to the scam” ..
      Is this yearly loss due to Bond Scam or cumulative loss after the bond period??

  • 9
    1

    Truth can never be told ,what can be told is never the truth ,

    Truth is like one stand an viewing the sea ,only a part of it comes to his or her view ,is is the truth.

    Peer Hazarat Inayat Khan

    ………..

    lets patiently wait till , the three side of the story is confirmed and also verification of the reputation of the so-called highly placed sources said.

    Everyone is innocent until proven guilty ,including the past regime accused memebers

  • 11
    2

    Ranil’s and Ravi K dogmatic “blinkers” on autistic thinking favouring Royalists and lawyers is detrimental to the country and and disastrous to the country!!
    Does this amount to financial fraud? Come on FCID and Dilrukshi, file a case! If you are transparent you don’t have to wa it for Ranil’s nod??!!! Go ahead. I dont know whether Arjun Mahendran being a Singaporean can be prosecuted unless he has dual citizenship!

    The only way you can show your honesty is this!!

  • 6
    6

    Where’s the ‘mada’ band wagon of yahapalanaya like Aseelavathie, Native Vedda, Simon, Sam F and loads of other dirty washers?

    By the way, who cares this day light robbery as an issue as long as the eelam map is clear under my3-cbk-ranil troika! Cholan the terrorist! Happy?

    • 5
      4

      Max and the company: we the folks will never be able to be clean as you know – with almost every 2nd has been proxy corruption/abuses.

      See, even if you could speak queens language, you seem to be no far from the mentalities of the crooks.

      Tell me one valid reason as to why we need to back MR clan further ?

      With day to another revealing all high profile crimes deliberatly carried out by them – not prior to War victory, but in the post war sessions.

      Are high crimes according to you need to be forgotten since MR s term put the end ot the relay race of fighting the war aginst LTTE terrorirst ?

      Are high profile money grabs – if Rajaakshes have done to be neglected ?

      What kind of mentality you inherited Maxi moron….
      You attack Aseelavathie, Native Vedda, Simon, Sam F and loads of other dirty washers-
      and what have you been doing ?

      Dont you have better things to do for the sake of the torn nation ?

      • 3
        1

        This time something better from you Seela. (Since you’ve shown some civilized, I omit the letter “A” that I add in front of your name, for this comment).

        //Tell me one valid reason as to why we need to back MR clan further ?//

        Have I ever campaign for such a thing? No. What I do is high light the blunders, big lies, day light robberies, and specially the govt’s softness towards Tamil racism and giving ransom to separatists.

        For that very reason, you label me as a ‘racist’ but keep mum over the bloody racial stance of a terrorist like “Cholan”. I can understand people like Native who has different agenda. How come, Ven. Ganasara (yes he is) a racist and Fr Emmanuel or Mannar Bishop are not?

        I believe MR did a better job, compare to the current buggers but I simply cannot bring MR or anyone back to power. It is up to the SL voters. (Let me put a personal thing here for your info. I did vote against MR last time. But certainly not voted to the puppet MS too).

        You label people as clean or dirt as of his/her political siding. How many of thugs, crooks, rapists, thiefs are with the govt but, do you guys bother to criticize them at all? Nevertheless, you take no time to level various unproven allegations against MR. Even Yaha minister recently said MR is clean but others.

        Can you, in the right sense, accept what FCID is doing right now? I am not talking about the concept behind the FCID, but their actions. Isnt it a politically motivated arm of the govt? How on earth you give your nod when some ministers reveal ‘legal’ actions against opposition before the law enforcement do their job?

        I never want to put in the sand of time IF there are ‘crimes’, deliberately or otherwise carried out by them or anyone.

        //See, even if you could speak queens language, you seem to be no far from the mentalities of the crooks.//

        Do you belong to which era of history Seela? Your measurement of people is the queens language! How many English speaking thugs, rapists, racists, crooks are their not only in SL but the entire world? ්Anyone becomes an outcast is not depending on the language he/she speaks.

        I can go on. I accept your right be a unper or jvper or even ltter as long as you talk sense and not against the unitary stature of the country.

        May I urge you to do an important thing Seela? Be a Unper or whatever your preference. (In that case, I am a floating vote). But do not go by the bogus history of SL that has been spreading in various mediums by Tamil racists. Stand for the truth does not mean you become a racist. In Sri Lanka, everyone is equal. What do Sinhalese have and Tamils do not have? As once MR said, there are only two races here in Sri Lanka. Lovers of motherland and the haters of motherland. Be in the first lot, with right sense.

        • 3
          0

          Max,
          Thank you – being somewhat polite -even if your representatives like WIMAL WEERAWANSE IS REPORTED to have threaten SPEAKER OF THE PARLIAMENT yesterday – anyways, that happens easily when social scum was allowed to become people s representatives:

          QUOTE “What do Sinhalese have and Tamils do not have? As once MR said, there are only two races here in Sri Lanka. Lovers of motherland and the haters of motherland. Be in the first lot, with right sense.”

          1)what do Sinhalese have and Tamils dont have – Answer is SUPERIORITY COMPLEX THEM BEING MAJORITY FOLKS: THESE CAN BE EASIYL PROVABLE EVEN TODAY (please listen what Gonthadipila or Gewindu are saying these days – they are your representatives if my analysis is not wrong)

          2) As once MR said, there are only two races here in Sri Lanka. Lovers of motherland and the haters of motherland.

          -I WOULD NOT EVEN CITE ANYTHING WHAT MR TO HAVE UTTERED; THE VERY SAME MAN HAS LOUDED A LOT – STILL BELIEVE IT WAS NOT JUST HIS PRAGAMATISM AND HIS ENERGIES BUT COLLECTIVITY SUCCEEDED THE ELEMINIATION OF PHYSICAL TERROR WITHIN THE LANKEN BOUNDERIES, ATLEAST NOW HE SHOULD ADMIT IT basta.

          3)Be in the first lot, with right sense – WHAT A MORON YOU SHOULD BE – WHY YOU SEE THIS AS ONE IS AWARE ONLY TWO COLOUDRS -BLACK AND WHITE : THERE ARE VARIOIUS KIND OF CUPLRITS IN THIS COUNTRY: MOST OF THEM ARE BORN RACIAL – THEY ABUSE OTHERS FOR THEIR SURVIVIAL- THEY JUST MAKE EVERY EFFORTS TO LIVE THEIR RACIAL FANTASIES BUT TELLING SOMETHING ELSE- YOU SHOULD KNOW WHO THEY ARE:

          A) DO YOU THINK THOSE SENIOR LEFTISTS WTHIN UPFA ARE GENUINE ?
          I mean WASIDEWA, Gunawardhana and the like elderly people ? THEY JUST SPEND THEIR LATER DAY LIFE BEING PART OF MR FRACTION – THEY SIMPLY DONT NOTHING – JUST BORN PARASITES:

          B) NFF man – is he a patriot ? NOT HAVING EVEN AVERAGE EDUCATION BUT INSTEAD THE TALENT OF FOOLING/ MANUPULATING THE POOR (Gulliable, Naive masses)- MR to stay in power, he has to fool masses as have been sofar.. else anyone with a head would trust the man by this hour.

          C) Gonmanpila- Who is he ? Please read about him more than you have done sofar – he is one another man not different to Dayan Jayathilaka th emost abusive senior Diplomat/self proclaimed researecher/lecturerr/Big man but with a racial content – known to us. But most of them wearing the same cloth – PRETENDING LOVE TO MOTHER LANKA

          (We perfectly know who really love this country- just the minority folks that woudl not harm to anyone – but have been fighting for basic rights for all -srilankens – cosidering we are all srilankens- regardless of race, religion or whatever)- not utopy but possibly achieved as is the case in some countries of the world today.

          D) If MR IS THE KIND TO LOVE THE MOTHERLAND predominantely filled with far poor people (not even having the cheapest food item -water to drink) why on the earth he failed to manage the little sums this country had for giving them a better life ?

          (WE PERFECTLY KNOW HE HIMSELF ALLOWED HIS MEN TO LOOT THE STATE FUNDS – TODAY – HE IS SPEECHLESS – BUT HIS PREVARICATION NATURE CONTINUES WHEN HE IS BEING QUESTIONED)

          YOU MAX ET AL WOULD STAY TUNED TO THE SAME MODE- SIMPLY BEING FOOLED BY LANKEN RACISTS; BUT NOT MANY WOULD BELIEVE YOUR THEORIES ANY MORE:THAT IS CERTAIN:

          • 2
            0

            You may be right.

            MR should have slept over the years while letting others to loot the state funds.

            Tomorrow we will know more about the likd billions of loss and how they vanished …

            Let the kind of racism promotors calling them selves as LOVERS OF MOTHERLAND…..

            who as anyone born to a country would not love the motherland ?

            We all srilankens love mother land… but telling that do something else, has driven us to the levels.

            Like Germans fo the day would not allow NPD-Nazists to come up again, we must not allow SINHALA or DEMALA racists to rise up. basta.

          • 0
            1

            Seela, you have an inborn issue. You cant think of anything out of the box. Just repeat what you know and what you love to hear. Following’s the best example.

            1)what do Sinhalese have and Tamils dont have – Answer is SUPERIORITY COMPLEX THEM BEING MAJORITY FOLKS: THESE CAN BE EASIYL PROVABLE EVEN TODAY (please listen what Gonthadipila or Gewindu are saying these days – they are your representatives if my analysis is not wrong)

            Are you to suggest all Tamils be renamed as Sinhalese and vise versa? What I can do for your inability to understand a simple thing and lack of knowledge about all most everything?

            The following is nicely capsulate who Seelavathie J is.

            When asked from Morgan Freeman (not Nelson Mandela) “how are we going to get rid of racism?”, he answered in his god-voice “by not talking about it”. People use racism senselessly and often as a weapon to silence others with different views, therefore has lost its real power. Calling somebody a racist is the easiest way to silence them. If you don’t like what the other person is saying and you know you can’t disprove them with facts, just call him or her a racist, you instantly win the argument. From petty Facebook feuds to parliamentary debates it’s an overly used tactic. While you are at it, you may also add words like sexist, xenophobic, homophobic and Islamophobic. You don’t need to know what they actually mean. Just go for the kill.

            All what you know is attacking at those who have other opinions with whatever that is coming to your hand.

            Enjoy being naked. No objections.

            • 1
              0

              max moron

              “what do Sinhalese have and Tamils dont have – Answer “

              The Sinhala/Buddhists have frequent Paranoia attacks and cause others (Sinhala, Tamil, Muslims, Hindus, Buddhists, Christians, …) immense pain and suffering.

              • 0
                1

                NV the stuipd,

                Like your silent warrior VP, went rampage and hacked to death dollar farm, kent farm, kebithigollewa etc., etc., or like Chelva and other Tamils racists did goons attacks on Sinhalas in Jaffna in 50s? or late as 70s?

                • 0
                  0

                  Our sinhalese have been abused by the kind of MAXI MORONS and Gonthadipilas, THat is our problem of the day. They just ignore real alarming issues, instead focusing any minor issues to attack the Yahapalanya.

                  Hope all forces will converge to stand against all these culprits and the harm being continued by them:

                • 0
                  0

                  Prabakaran may have done all harm to all folks, but your Guru to end up with all the diverse kind of crimes and abuses – is beyond my average comphrehension – what kind of response you would be giving ot this a clear to us. YOu always behave like a mad person who knows nothing but following the foot steps of the repsentatives like Buruwanse, GOnthadipila and the like men.

                  Please visit your Guru in Medamulana, they surely have got lot more issues that only MAXI MORONs; SUMANYAs; JIM SOFTYs the like of this stupid population can fulfil for them.

                  This is really shameless nature of SINHALAYAS of your kind.

                  Oh, I forget to add that watti amma from R pura -Pawithra the apawithra.. whose mouth piece is like a bed pan of the day.

              • 0
                0

                I have met the tamil srilankens in Peradeniya and then in Europe before moved ot EUROPE:

                *****
                What I feel having spoken to them is they are very hard working unlike our sinhalayas. That prove alone the way most of first generations how they run retail businesses in europe regardless of the place they are.

                *****
                Then most of them work for a common goal than our sinhalayas have been – meaning easy to work with them than with culprit minded sinhalayas

                ******
                They aare not just show off people, but are determined to do what they are assigned to do

                *******
                But our ballige puthas like Wimal Weerawanse, Gonthadipila and few others hang on with their hatreds regardless of what it is…

                May be all these are useful to you MORONs.

                We are all the same Maximoron, but we can learn something from Tamils srilankens than from you the like CULPRIT MAINDED curseful men of the nation

            • 0
              0

              Max,

              you know nothing but just add your thoughts.

              Most of the tamils in EUrope have achieved a lot compared to sinhalese. Be it in the UK, Germany, France or any other smaller countries in Europe – they have guided their second generations well. Perhaps better than average parents pairs in the country most of them in Germany, France and other countries have done the job well. You may find at least few tamil doctors, engineers or other like academics scattered almost in every provinces of the mentioned countries. This is not the case with sinahalese, since they become infected easily to western cutlures immediately they put the feet on here. THat is actually the big difference. No all these tamil srilankens living in Germany, france, switzerland or anywhere are pro-LTTrs as you feel. Most of them are now happy the way that there is no civil war nt he country. I have met most of them travel back to home country fo rtheir annual vacatioons.

              Even if JO accuses of TDiasphora to have joined hand with western coutnries to go agains thte island issues, that is just an another slogan to misguide easy targets inthe country – by JO – for their political survival. Except few politicians inthe west, many would not allow srilanken to suffer by war related issues again.
              Not forgetting the cream of the message – there are only few politicians like Milbrand focus on such migrant communities when nearing their elections – that is again to win the eleciton by hundred to few hundreds of votes. Most refugees with the time, become citizens of each countriy owning the vote eligibility.

        • 2
          0

          Like teaching to granny how to make an omlett.
          Anyways, – Maximoron, we wish you all the best with your racial accumations.
          Awareness programs of the day could turn you guys normal as the govt turned the LTTE rebells into normal ones in the post war sessions.

          Else, we can move on a circle with the thoughts, not achieving the final goal- peace for all srilankens and world. Basta

    • 3
      1

      You should be put in a KOVA to turn you a good man. My elders taught me you would nt be able to straighten the dogs tail – so as we cant see any changes in you to good – nevertheless think of the masses AND their sake.

      Why you go against Seelawathie or others when they come with facts ? Is that because you can t have any constructive arguments to prove as to why you leech with MR clan further ? My elders taught me, birds of feather flock together… I truly believe you should be coming from criminal backgrounds as your masters are familiar with. If not today, you will learn it tomorrow, gone were the days of our darkest ever history. With main actors of that drama have still be scot free – we have been waitingto see justice sooner thanlater.

      Please aadd some valuable inputs.

      • 1
        2

        You good boy Sam. The following crap you have put up loudly says who you are : “I truly believe you should be coming from criminal backgrounds as your masters are familiar with. “

        All I can do is send you a big LOL!

        When you are fedup with cleaning the dirt of ‘yahapalanaya’, go through what I have written above.

        • 0
          0

          All you need is a better brand of Punnaku.

          This we can provide you from EU countries.

          Please dont support rabbelrousers, your children will curse you as the current generations are cursed by their youth.

  • 5
    5

    RW must pay this back to the Treasury because it was his Royal College mate the Principal rogue behind this. I wonder what is his cut ….. was it paid into a NZ Bank? Let us have some answers!

    • 4
      0

      bo you think big trip to NZ is to check out bank accounts?

      • 3
        0

        yeah …. Angela is a great excuse!

  • 3
    1

    if Perpetual Treasuries Limited made a 5.1 Billion profit the country would have lost much more than this! It does not add up Mr AG. its a 30 year bond where the government is obliged to pay the high yield for 30 long years!

  • 4
    0

    Don’t fret countries lost is Aloysius gain. Arajuna Mahendran every crooked son-in-law’s dream father in law & RW generous Santa Uncle.

  • 1
    0

    Truth is like one stand an viewing the sea ,only a part of it comes to his or her view ,is is the truth. Peer Hazarat Inayat Khan

    Correction :

    Truth is like one standing and viewing the sea , only a part of it comes to his or her view ,So it is with the truth ,(always only part of it is the truth ,Although everyone claims to be saying the truth)

  • 2
    1

    auditor general also seems to be succumbing to pressure from ranil.how come his figure is 1.6 billion when these perpetual rascals have made 5 billion.

    also will those same profit figures continue for the next 29 years over the life of the bond?if so we will be losing 5 billion multiplied by 30 won’t we?

    • 0
      0

      Oh come on! Please try to acquire some knowledge before commenting on it. Apart from seemingly crooked way the SIL got away with 50% of bonds the rest regarding profit made is highly speculative where 10 financial experts could interpret in 10 different figures. They made an upfront profit when they purchased the same bonds at a lower price than the rest of the bidders. That’s all the profit. But opportunity gains to Perpetual and cost to the government is highly debatable and subjective.

      • 0
        0

        eru

        still you don’t explain to us with all your knowledge how come there is a discrepancy of 3.4 billion between the auditor genral’s figures and the perpertual trustees figures.Prbably they may have been audited by ernst young or better auditors than our government ones.

  • 4
    0

    It is high time that Arjuna Mahendran is indicted in a court of law for a massive white collar crime, along with the persons – public servants – who actually conducted the particular Bond Auction, against prevailing rules and traditions, knowing well that they were giving undue advantage to a particular bidder.

    Those who refuse to accept the AG’s report are traitors to the nation.

  • 0
    0

    Batalanada Ranil said that our inhabitants will be on par with Swiss citizens, after the ETCA kicks in,,

    This Auditor General can’t be one of those selected and appointed by Batalanada’s Yahapalana Independent Commissions, like the one which picked that lady Bribery General..

    Is this dude trying to cook the books to make Mahendran and SIL look like bad dudes.

    When Singapore Mahendran is chaperoning Batalanada Ranil to the Land of the Lamb and Hindustan to get more money to make us to be on par with the Swiss..

  • 2
    0

    Ranil’s plan to make SL a financial hub is for high profile white collar crooks to make easy money quickly like what AM did. How much of this money will be used for the development of the economy?
    Singapore and Hong-Kong have very small land space but are strategically placed in terms of shipping routes. Their strengths are in trading and finance which they rightly identified and capitalized on.
    SL on the other hand has a history and culture of agriculture and trading and have developed a manufacturing and industry capability recently. SL can never be a financial hub as these white collar crooks and dreamers think and want only short term financial windfalls for themselves.
    We have to improve our agriculture and industries as HE the president believes for long term benefits to the country. Ranil does not believe in this.

  • 0
    0

    the problem here i see is, its a insider deal between fil & sil. normally even a small raffel ticket cannot be bought by interested parties, even if they win its not allowed. as it doesnt seem right, as insider party has info others dont have.
    fine and thirty years in jail for both crooks.

  • 2
    0

    probe the Greek bond affair too when nivard cabraal was governor CB

Leave A Comment

Comments should not exceed 200 words. Embedding external links and writing in capital letters are discouraged. Commenting is automatically disabled after 5 days and approval may take up to 24 hours. Please read our Comments Policy for further details. Your email address will not be published.