1 October, 2020

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Basil Denies Ownership Of Malwana Villa, Magistrate To Deliver Ruling Next Week

Pugoda Magistrate D A Ruwanpathirana yesterday announced that the future of the luxurious riverside villa built on a 16 acre land in Malwana will be decided next week.

Basil

Basil

He made this announcement after Former Minister of Economic Development Basil Rajapaksa denied any ownership of the villa. Rajapaksa’s lawyer, President’s Counsel Jayantha Weerasinghe informed the Pugoda Magistrate Court today that his client had absolutely no ownership over the house. In response to the claim by Rajapaksa’s lawyer, the Magistrate said that when the case is taken up again on October 14, an announcement will be made either ordering the state to confiscate the land or to sell it.

In September, the Colombo Telegraph reported how a very close associate of Rajapaksa betrayed him by dragging him in to yet another money laundering scandal. In a letter addressed to the Commissioner of Inland Revenue, Muditha Jayakody claimed that a large sum of money amounting to millions which was in his bank accounts was not his money and it belonged to someone else.

“That money is not earned by me, nor did it belong to me or my company. It belonged to another person, and based on his instructions, I purchased a land to build a house at 111/3, Mahawatta, Gangabada Road, Mapitigama, Malwana,” he said in the letter.

Jayakody went onto say in his letter that the money was given to him by another person who requested him to handle all the payments in relation to the construction of the house in Malwana.

Incidentally, Rajapaksa was alleged to have been the owner of the river side villa in Malwana which was reportedly built at a cost of at least Rs. 100 million with the architects of the project being Muditha Jayakody Associates, the same person who wrote the letter to the Inland Revenue Commissioner.

Related posts:

Government To Confiscate Houses, Office Owned By Basil Rajapaksa, And CSN Building

Front Man Betrays Basil, Wants Tax Revision From Inland Revenue

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Latest comments

  • 0
    0

    Why are the Mahinda Jarapassa brothers, sons and in laws NOT in JAIL?
    This family of uneducated corrupt criminals have looted Sri Lanka and the national wealth and stored it in off shore bank accounts in Dubai and Singapore. Now the Sri Lankan airlines run by Mahinda Jarapassa planter browther in law with is in debt for 3 billion USD is up for sale. Where is this clown Nishantha Wickramasinghe who looted Sri Lankan airllines and piled on the debt that we have to pay by more VAT taxes?

    Check out this form Forbes:

    Sri Lanka’s Mismanaged, Cash-Hemorrhaging Airline Is For Sale (And There Are Actually Takers)
    Sat, Oct 8, 2016, 07:47 am SL Time, ColomboPage News Desk, Sri Lanka.

    Oct 08 (Forbes) SriLankan Airlines used to make money. The national carrier was a profitable airline for the ten years that it was operated as a joint venture with the Dubai-based Emirates Airline.

    Then Emirates sold its share in 2008, and one year later the financial downward spiral for SriLankan began.

    Seven years later, SriLankan Airlines has racked up $3.25 billion in debt, and over the first three months of this year alone its losses have been in the ballpark of $112 million. In May, the Sri Lankan government announced that it would be selling four of its new Airbus A350s, and orders for four more were canceled, which resulted in a $170 million penalty.

    In March, it was announced that Sri Lanka was looking for foreign investors interested in taking over their their beleaguered, debt-laden national carrier. In July, the government began taking offers for a 49% share and management control of the airline. According to the government, this is part of a broader strategy to privatize state companies and reduce national debt, but it seems more like a Morse code operator feverishly ticking out S-O-S aboard a sinking ship.

    SriLankan Airlines has long been criticized for mismanagement since splitting from the joint venture. From appointing “unqualified political lackeys” to positions of power – which included then-president Mahinda Rajapaksa’s brother-in-law, who served as the airline’s chairman – to said former president using the airline as his personal charter service, to buying unneeded aircraft, to generally poor business decisions, Sri Lanka has struggled to profitably run the airline that bears its name.

    This issue was no better manifested than the government forcing the airline to operate a second hub at Mattala International Airport between 2013 and 2015. This was Sri Lanka’s second international airport, which was built next to an elephant preserve in remote Hambantota – the site of a large-scale, multi-faceted development endeavor that has yet to gain momentum. This world-class airport lacked nothing except passengers, and was mainly used as a transit hub. According to a government report, an average of just seven passengers per flight were being served at Mattala throughout 2014, and stories abound about how planes would touch down there to neither pick up nor drop off anyone. Needless to say, this second, reportedly unneeded, hub hemorrhaged cash for SriLankan Airlines, and today the government is also looking for foreign companies interested in taking the entire loss-generating airport off their hands.

    That said, half a dozen firms have submitted offers to take the Sri Lankan government up on their offer. Namely, the private equity firm TPG and BlackRock have shown interest in taking over SriLankan. The “winner” will be selected within a couple of months, according to a senior finance ministry official.

    Apparently, SriLankan Airlines still has promise and may be salvageable. It has a fleet of 21 leased Airbus planes, attractive routes to India, and is based out of a country that is becoming a prime international tourist destination.

    But Sri Lanka’s fiscal problems with its national carrier are indicative of a broader national financial crisis. The attempt to revitalize the economy via large-scale infrastructure projects has backfired and buried the country in so much debt that not even the government knows how much it owes. It has been reported that 95.4% of all government revenue is going towards debt repayment, which has resulted in a $1.5 billion IMF bailout.

    Sri Lanka looking for a foreign partner to buy out and manage their national airline is also in step with a larger pattern of the country looking for foreign enterprises or governments to keep its projects and companies afloat. As mentioned above, Sri Lanka is also looking for a private partner to take over Mattala International Airport, the Hambantota deep sea port is ceding more and more control to Chinese shipping companies, as yet unrequited debt-for-equity swaps have been offered to some of the country’s biggest international financiers, the nation’s biggest and most promising infrastructure project is Chinese FDI, and 15,000 acres of land may soon be handed over to China to build an industrial zone. Sri Lanka is starting to resemble something between a going out of business sale and a salvage lot.

    Read More:: Forbes (Source)

  • 13
    1

    Why are the Mahinda Jarapassa brothers, sons, and in-laws NOT in JAIL?

    This family of uneducated, corrupt, criminals have looted Sri Lanka and the national wealth and stored it in off shore bank accounts in Dubai and Singapore.

    Now Sri Lankan airlines run and looted by Mahinda Jarapassa’s planter, brother-in-law with is in debt for 3 billion USD is up for sale. Where is this clown Nishantha Wickramasinghe who looted Sri Lankan airllines and piled on the debt that the poor people of have to pay for – by more VAT taxes?

    Check out this form Forbes:

    Sri Lanka’s Mismanaged, Cash-Hemorrhaging Airline Is For Sale (And There Are Actually Takers)
    Sat, Oct 8, 2016, 07:47 am SL Time, ColomboPage News Desk, Sri Lanka.

    Oct 08 (Forbes) SriLankan Airlines used to make money. The national carrier was a profitable airline for the ten years that it was operated as a joint venture with the Dubai-based Emirates Airline.

    Then Emirates sold its share in 2008, and one year later the financial downward spiral for SriLankan began.

    Seven years later, SriLankan Airlines has racked up $3.25 billion in debt, and over the first three months of this year alone its losses have been in the ballpark of $112 million. In May, the Sri Lankan government announced that it would be selling four of its new Airbus A350s, and orders for four more were canceled, which resulted in a $170 million penalty.

    In March, it was announced that Sri Lanka was looking for foreign investors interested in taking over their their beleaguered, debt-laden national carrier. In July, the government began taking offers for a 49% share and management control of the airline. According to the government, this is part of a broader strategy to privatize state companies and reduce national debt, but it seems more like a Morse code operator feverishly ticking out S-O-S aboard a sinking ship.

    SriLankan Airlines has long been criticized for mismanagement since splitting from the joint venture. From appointing “unqualified political lackeys” to positions of power – which included then-president Mahinda Rajapaksa’s brother-in-law, who served as the airline’s chairman – to said former president using the airline as his personal charter service, to buying unneeded aircraft, to generally poor business decisions, Sri Lanka has struggled to profitably run the airline that bears its name.

    This issue was no better manifested than the government forcing the airline to operate a second hub at Mattala International Airport between 2013 and 2015. This was Sri Lanka’s second international airport, which was built next to an elephant preserve in remote Hambantota – the site of a large-scale, multi-faceted development endeavor that has yet to gain momentum. This world-class airport lacked nothing except passengers, and was mainly used as a transit hub. According to a government report, an average of just seven passengers per flight were being served at Mattala throughout 2014, and stories abound about how planes would touch down there to neither pick up nor drop off anyone. Needless to say, this second, reportedly unneeded, hub hemorrhaged cash for SriLankan Airlines, and today the government is also looking for foreign companies interested in taking the entire loss-generating airport off their hands.

    That said, half a dozen firms have submitted offers to take the Sri Lankan government up on their offer. Namely, the private equity firm TPG and BlackRock have shown interest in taking over SriLankan. The “winner” will be selected within a couple of months, according to a senior finance ministry official.

    Apparently, SriLankan Airlines still has promise and may be salvageable. It has a fleet of 21 leased Airbus planes, attractive routes to India, and is based out of a country that is becoming a prime international tourist destination.

    But Sri Lanka’s fiscal problems with its national carrier are indicative of a broader national financial crisis. The attempt to revitalize the economy via large-scale infrastructure projects has backfired and buried the country in so much debt that not even the government knows how much it owes. It has been reported that 95.4% of all government revenue is going towards debt repayment, which has resulted in a $1.5 billion IMF bailout.

    Sri Lanka looking for a foreign partner to buy out and manage their national airline is also in step with a larger pattern of the country looking for foreign enterprises or governments to keep its projects and companies afloat. As mentioned above, Sri Lanka is also looking for a private partner to take over Mattala International Airport, the Hambantota deep sea port is ceding more and more control to Chinese shipping companies, as yet unrequited debt-for-equity swaps have been offered to some of the country’s biggest international financiers, the nation’s biggest and most promising infrastructure project is Chinese FDI, and 15,000 acres of land may soon be handed over to China to build an industrial zone. Sri Lanka is starting to resemble something between a going out of business sale and a salvage lot.

    Read More:: Forbes (Source)

    • 9
      1

      This highly abusive creature of alltime should be observed by lanken intelligence also seeking the assistance of his assets claimed in the US.

      How a developing nation politician should collect the billions of assetss within his tenure should be investigated not just going thorugh one asset but all one behind the other.
      Each time, they may surely make every efforts bringin their excuses, but lanken authorities should work rigorously as they can revealing the truth to the nation. Nation is ( masses make up from all poor educated people – that have the vulnerability to get caught by the kind of abusive men)gulliable, gawky and easily manipulative by them.
      Latter should be avoided giving them better life at least in the future weeks, months, years decades.

    • 2
      1

      Don Stanley

      “Why are the Mahinda Jarapassa brothers, sons, and in-laws NOT in JAIL?”

      Because they are Para-Sinhala “Buddhists” in the Land of Native Veddah Aethho, and the President and Prime Miniister are using that as leverage.

  • 8
    1

    Each time come up with prevarications cant help anyone, but the man should be subjected to all screenings not even giving freedom anymore.

    This man has done a greater harm to the nation and now making to break away the parties for his own survivial.

    Each time, when arrested to be end up in hospital wards but when freed to go and rabble rouse the people fo rtheir polical stability – should be punished finally.

    People wake up.. we are not that fools as appeared to be.

  • 12
    1

    This Jarapassa family looted and raped the country like no other and our Judiciary is incapable of doing justice by the people.

    The whole purpose of bringing the new government into power has been dealt a severe blow by the lackadaisical attitude of the govt to bring these Ace Rogues and Criminals to justice.

    The worst part is, still the 4.2 M idiots go behind these Sataka Rogues and Criminals.

    Welcome to the land of No Return.

    • 0
      5

      Most of them are allegations yet to be proved. some dumb people have swaollowed the bait and are regretting this. , but it is too late to rectify the mistake.. SL. Only dream and are in a continous slumber.

      • 1
        0

        You may be blood related to that Pawitha who seems to have nothing brain but intoxicated as any average rural uneducated would do.

        Please never ever allow the kind of people to abuse our gulliable poor folks

        Poor folks fo this natons are double hit.

        By their poverty standards and MR led politicians.

        Like in Hindi films, these poor folks are brought to PARADISE but in the same time, abusing them as no others.

        Now with one another house complex in Gampaha has added to NOT TO THEIR LIST, according to Basil… but before long who will be owner of that will becom clear.

        How many moredays Rajaakshes can make the stupid but innocient folks fo rtheir political survivial ?

    • 0
      0

      Ansar

      “and our Judiciary is incapable of doing justice by the people.”

      Because the judiciary is another corrupt Institution and they all have accepted huge bribes from the Rajapakse as handsome gifts and never had the nobility to return it.

      Sri Lankan judiciary and judges will never bring justice and that is why Tamils want International judges and rightfully so. If these judges cannot find to whom this large property belongs to even after having a deed in front of them how can they have the brains to decide whether the gun was fired by the suspect which certainly he will deny.

      How can Muditha Jayakody claim no knowledge who gave him the large amount of money? then why did he accept it. Was he drunk? Then if court accepts his statement then it will certainly cause a bad precedence when any thief or murderer can claim no knowledge. Jayakody is now responsible and he should be locked up for possessing stolen property or he should reveal the person to whom it really belongs.

  • 11
    0

    The Government needs solid whistle blowers as the former regime are master crooks.

  • 5
    0

    Basil is trying to get away with it, using crafty lawyers, having committed a serious fraud and criminal act pretending nothing to do with it. There was a former owner, a former legal deed, and the police has to start from there. Get the former owner to account for the change. Who were the principals that met him, who paid him money to buy it off him, who were the lawyers that handled it, where did he put his money after gaining it, who signed for the transfers, who at the land registration handled the documentation. Track the trail from there forward and backwards. All these culprits that claim no knowledge, but handled stolen government funds, should be arrested, interrogated and severely dealt with.

    Basil is no god but a pansu-pisaachaya. He has been misusing national assets, committed a serious crime and now hoping that the government will confiscate his property and that would be the end of it story, leaving him to go free of any stain. The criminal must end up in jail and made to account for all the crimes he has committed when in the former government.

  • 5
    0

    Is the FCID so dumb, not to question Muditha, whose money he was holding in his account and who gave him instructions to buy. If the land was not his, then why he put his name on the deed. The Land Registration Staff and the lawyers that dealt with the deed must also be arrested and dealt with for fraudulent and criminal activities. Muditha should also be jailed for handling stolen assets and struck off from professional registers as he seems to be a crooked wheeler dealer.

  • 4
    0

    What is this commotion over a land and a house? Isn’t it simple to find out (1) the “Owner” of the land from the Land Registry; (2) Who applied for the approval of the building plan from the Local Govt. Authority; (3) Who paid for the construction costs; (4) Who entrusted the construction work and to whom; (4) Has the Construction Co. entered into an agreement and with whom to build the house; (5) Has the Construction Co. received any money and who paid that cost. Answers to these simple questions and perhaps other matters would reveal the “True Owner” and “How” the money was received and from “whom” by the Construction Co. Why can’t the Courts address these issues first without going into making a decision on confiscation of the property? To “Simple Simons” like us, no one can build a house or even a hut in a land that does not have ownership and without “Legal Approval” from the Local Govt. Authority of the area. So are the Courts in Sri Lanka merely there to “confiscate” and “forget” the REST relating to this “Land & House”. Hm… at the rate things are happening in Sri Lanka political circles, this too can be yet another “DEAL”.

    • 4
      0

      I agree with you Douglas, the courts/ judges, minister for justice, Ranil and even the President may be in a conspiracy with the criminal rogues to confiscate the property and forget the rest. If an average citizen did this same type of crime, he would have got 20-years in jail. This case AND the CNN issue involving Yoshitha, i.e. another recent confiscation, prove beyond doubt that there is no law and order in Sri Lanka when it comes to influential people. Unfortunately for the country’s welfare, even the present day top leaders are involved in this kind of deals with criminals, I suppose, because they themselves may have some major skeletons in their cupboards. Definitely they do not have backbones and strength of character, that is for sure, and fears that if MR came into power again they would end up 6-ft under the ground for even a simple mistake like pilfering some office stationery. Exercising the law as it should be is not a revenge; the rulers have to exercise it for the well being of the country, to act as a deterrent, and to show that crime does not pay.

  • 1
    0

    If there’s no owner the courts must sell it and invest in a genuine infrastructure project or pay for medical procedures like by pass of people who can’t afford.

  • 4
    0

    Big Deal underway. When a person under whose name a property is registered tells the courts the property does not belong to him and then there is proof who laid the foundation stone and supervised the construction, the courts order to acquire the property and the case ends there. Are the judges and the police so dumb as not to get the name of the person who truly purchased and constructed the property from the registered owner? Is this the Big Deals the Yahapalana Govt spoke during the election. It appears that the Big Deal of the Yahapalana Govt to save the Rajapakses’ seem to be the Biggest Ever Deal in Sri Lankan history. Whom are they cheating? If the courts and the police cannot find the culprits who truly own these properties and put them in jail, its better for the judges and the senior police officers to resign and allow some one else to do the job.

  • 1
    0

    Basil Rajapakse was one of the many Co-ordinating Secretaries of former Minister Gamini Dissanayake in the old days.He seems to have outdone Gamini when it comes to sleaze!
    Whenever,he is taken to court he has a grin.Very interesting!

  • 0
    0

    for a guy who has billions, these houses are pittance. confisticate all assets from the whole family. give them the gallows

  • 0
    0

    what are his assets, in Bengal, that he gave dowry to his indian – son – in lae ?

  • 1
    0

    Does Basil go to the Temple and repeat ‘Musavada Veramani Sikkha….’ and ‘Adinnadana Veramani Sikkha….’ when He gets the Pirithnool tied.?

    Is This what ‘Sinhala Buddhism’ has become?

  • 1
    0

    If Sri Lankan sleuths cannot trace or identify the owner of a 16 acre plot of land with a palatial house built on it within the last 5 years, then they should all die of shame!

  • 0
    0

    Guys, Basil is absolutely right. That palace belongs to me, thank you very much, and is now on the market for sale to the highest bidder (please, only white, and nicely laundered money will be accepted). Of course I will be paid taxes on the profit I will be making on the sale….. :)

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