13 December, 2017

Blog

Bond Scam: Ranil Takes Refuge In Pre-2015 Bond Issue Practices

Prime Minister Ranil Wickremesinghe brushed aside involvement in the Central Bank Bond scam by detailing practices of the Central Bank prior to the Government assuming power in January 2015.

Making a special statement in Parliament today, Wickremesinghe said there are matters that he was forced to bring to light for the first time at the Presidential Commission of Inquiry, and proceeded to highlight the financial situation of the country at the time the Sirisena-Wickremesinghe government took over.

Having detailed the nature of public debt inherited by the Yahapalana Government, Wickremesinghe pointed out that the practices that had come to become ‘standard’ with respect to bond issues were in fact arbitrary.

He promised that and investigation into pre January 2015 bond issues will be launched once the Commission of Inquiry concludes its work.

To read his full statement click here

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Latest comments

  • 15
    3

    I am afraid that the Heading is misleading .In the realms of sensational news!

    • 8
      6

      Ranil, in effect, says “come on guys, don’t you know that I have a file on you too”. The sentence is different in tone where Old said “I have a file on you” and New said “I too have a file on you”. All what Ranil is telling that past fault is the problem of the CB procedure. Other than that Ajith Nivard Cabraal is still a nice guy like Emil.

      New King will not go 100% after Ranil. After all, there were meetings with New King by all UNP ministers. Those negotiations were not made public. Further after all explanation, still there are some Joint Comedy element’s influence is present in CB investigation. Ranil don’t want them to bother him as he has been really nice to them. He wants to finish this term. So he cannot set up an investigation as and when past problems identified. He saw crime three years ago, come out with it now. He will do that if the current investigation’s heat comes to near him. If it burn only the acolytes and/or his tails, Ajith Nivard Cabraal is safe. That is what his message is.

      Central Bank had problem that time raising immediate money as it was robbed badly. Ranil and Aloysius used private influence to make a hat collection. That would have been hailed by people if, 1) UNP did not turn that opportunity to further loot the Bank. 2). immediately put out to public the situation to people, 3).arrest past two CBG and sue them.

      How Old Royals government will be remembered for brutality in the Lankawe history, Ranil’s government will be remembered for impunity for the rest of the Lankawe history. Ranil’s Batalanda impunity is killing and torturing the people much more than Old Royal’s SinhaLE Brutality.

    • 17
      7

      Now the PM finds himself in the Cess pit , so he comes out with his excuses.
      Donkey leading the Donkeys PM??
      We are not Donkeys ,We elected you to do the Honourable job in which you failed Miserably.
      Are you trying to find the escape route for your failure??
      We expected you to punish the Buggers soon after you Took the reins along with Sirisena.
      Now you real Rascal , you covered up all the Past criminality by the past President and his family.
      Have you got a Back bone??
      Sick of your Sick Jokes of lies.
      Time for you to get lost.
      You should be tried under treason for Protecting state thieves who Bankrupted our nation.
      Not fit anymore to hold the Post of PM.
      You’re a LIAR . THE STATE LIAR.

    • 14
      2

      Can anyone Trust anyone in this Bauddha country of Srilanka.
      Very disappointed indeed.
      Not a single soul in the Honourable Parliament Past and Present are Honest to be Honourable.
      Who elected these Shits to rule us the people as Presidents, Primeministers !
      Members of Parliament and as the Leaders of he various services??
      Everything Stinks here !!
      This Present PM and the President are equally bad as the previous ones.
      They’re all from the same mouldy of INBRED.
      SRILANKA IS DOOMED.

    • 4
      0

      Exactly

    • 17
      4

      The real bond scams took place under the Rajapaksas regime as most intellectuals know so why did you wait so long to point this out!?

      Go after the criminals and stop using these issues as election propaganda if you keep your election promise and go after the Rajapaksas and their criminal network the UNP might be in power for the next 2 decades..

      But only if you do so…

    • 13
      1

      Also Mr Prime Minister Ranil Wickramesinghe what about the stock market manipulation that took place under the Rajapaksas government!?

      Why is there no legal action being taken against them in that area!?

    • 2
      0

      Quite right Plato! Sri Lanka needs a policy of Zero Tolerance of Corruption today and must investigate money trails and get back looted funds, to pay off the national debt – rather than sell strategic assets like land and labour for cheap– as Ranil plans to do.
      All who are implicated in corruption need to be held accountable, investigated and put behind bars and their bank accounts frozen as the Saudi Prince did. Those named in the Panama Papers, as well as, Rajapaksa brothers and sons and Ranil’s and Ravi K’s Royal college corruption network all should be in Prison till they return stolen funds and lands.
      There is not foreign investment (FDI) going to Lanka because of Corruption.The Vision 2025 written by foreign Economic Hit men who say that Transport issues and land and labour are the reason for lack of FDI are lying so Ranil will sell assets cheap to US hedge funds. This is the reason for the Culture of impunity and immunity for corruption in Lanka today – global and local corruption networks that the IMF does not want to investigate because it legalizes financial corruption to benefit global 1 percent.

  • 11
    13

    Clicked. Scrolled down, there seems to be little new there.

    *

    Problem remains. How can these guys, who have been proved crooks, credibly investigate the doings of the earlier regime.

    *

    Time for these guys to hand over party to guys lkke Sajith, Buddhika Pathirana, Gayantha Karunatilleke, Ruwan Wijewardena, Harsha de Sila who are untouched by corruption. Maithri also is relatively clean.

    *

    The country is fed up with these guys. It is true many will vote for Mara, but may be the clean guys could put them away.

    • 13
      4

      Dear Sinhala Man,
      You too seem to take seriously the “Great Bank Robbery” theory that is being bandied about by everyone nowadays.
      Now, was there actually such a great scam? You must remember the Supreme Court ruled that there was no significant loss. Why is that ?
      The “loss” is due to the increase in interest from 10% to 12% (2 %)
      10 Billion @ 2% is not more than 200 million a year. If interest rates go up in future, this will be actually a profit, not a loss.
      It is true that PTL made 4 billion profit in a year, but this was by selling the bonds in the secondary market. Whatever PTL makes, it DOES NOT come out of our pockets.
      There is also such a thing as time value of money. I am sure you can remember that a loaf of bread was only 50 cents 30 years ago. So you can imagine how little 10 Billion will be worth when it is due in 30 years time.
      The crime was NOT in the profits made but in the insider trading by Aloyius and his father-in -law Mahendran.
      You are rather naive in taking Sajith P and Buddhika Pathirana to be “clean” . As Sarath De Alwis pointed out the other day, President Premadasa left a very large estate which is not consistent with his income as a politician. Both S.P and B.P are stridently promoted as “good” by the Sirasa media, which is why you personally have that impression. B.P was in fact a Sirasa employee.
      You see, dear S.M, there are many wheels within wheels, and one should not swallow the lines that are fed to us by interested parties. It is indeed the intention of these interested parties to “make the country fed up” as you say. Why do you think Sirasa goes to town on the Bond issue, while other channels are not that concerned?

      • 5
        3

        I agree with you Oldcodger. Sirasa is trying hard to make Sajith the next leader of the UNP.

      • 2
        1

        Senile OLd codger: If it was not a crime, why did they change hands BRIBES ?.

        • 4
          2

          Jimmy the dumb,
          They had to bribe Ravi to get the inside info. Bribery is a crime . Making profits is not a crime. Get it now???

      • 0
        1

        oldcodger

        First let us to reiterate our position. Lankawe Politics is not something for our interest. Our Justice, Our Rights, Our Land, Our Freedom; that is the sequential Order we talk. …….But…

        This is not insider deal in the classical sense. Insider dealing happens in a publicly traded company, where official, using a not published information to manipulate or take advantage of the price. Selling or buying both will be in that. CB looting took place in completely different circumstances. Central Bank was not able to raise a penny. Its bonds were not subscribed at all for. Neither China nor IMF was baling Ranil out. So a team was formed to turnaround the situation. It was Aloysius’ effort to make bond get over subscribed. And CB changed its loan needed amount only after seeing the bond oversubscribed. Further, it was not CB in-took unwanted amount, but tried to be maintaining austerity only because it had no hope raising the loans it wanted. These Sinhala Intellectual idiots even impeached Tamil Opposition Leader Amirthalingam. They don’t know what law is. They are twisting it because now Central Bank can function, not paralyzed like where Ajith Nivard Cabraal left. Here Aloysius was not the architect of master crime. He was the David shoveled the Jews to the shore. CB might have busted if he was not there. He was the Kathirgamar for Ranil. But the Sinhala Intellectual is doing the same thing what they did for Kathirgamar. Kathirgamar was shot after seeing he had tuned around the opinion existed in the world about Lankawe.

      • 0
        1

        Sinhala Intellectuals would not mind to murder Aloysius, the same way they did to Kathirgamar, to hide their involvement in that. After killing him they will present the case to Sinhala Jury as a job of Suicide Jacket man. Then, a Tamil boy or girl would know their fate of the crime being born in the Island as a Tamil and remaining there without exiting. All the Sinhala Intellectual who is hooting loud on CB case is real cabbages. These guys are stealing in the day light and in the night thinking Thirupathiyaan and Sabarimalaiyaan are dumber than Sampanthan Aiya and going there with thier cup of coffee. But for their and the Sinhala Modayas’ s advantage (or luck), even the Telgu Thirupathiyaan and Malaiyalee Sabarimalaiyaan feels satisfied with that coffee cup too.

        Ranil is using these loud noises to sell Hambantota, suppress IC inquiry, and keep the Northern army intact if power changed, give it back to Old King the Same way he recived…..

        Ranil has beaten Don Stephen, who created racist acts MMDA and Indian Pakistani Citizenship act, on the serpentine. On the end of his days, The Sinhala Intellectuals may replace Don’s statute with Ranil Statute, for inmemory of the jugglery he is playing for the benefit of them. Don bought GG with a cup of Office and proudly bragged about it. Ranil bought these Tamil Keenaiyals(Invalids) even without that. Now these Tamil Keenaiyals’ story is serving him as lifebuoys to keep his head above when he flooded with political power struggles flowing from dam broken by Joint Comedies.

      • 1
        0

        It is best to keep quiet if you don’t understand what has happened! A little knowledge is very dangerous!

        • 0
          0

          Which New News Company are you from Ruwan? (I cannot use the words News Media). You have your own laptop or you borrow it from the cliques who were award that by Old Royals? Are you the one put the papers in Attanayake folders and now he is out on UNP?
          Didn’t your Colombo Media write that iced bodies of Sinhalese were on the plane and started 1958? Of cause you head is overflowing the knowledge. Otherwise you won’t spread rumors to achieve those nasty objects.

          Can you tell me that, when was last time from the time of Mahavamsa, something truth was written in and read from Lankawe News Media? Can you tell me which last government tolerated news Media was, after freedom.
          UNP was keeping the Lakehouse and writing its own stories; Sirimavo killed it. Tamils had the Jaffna Library and UNP Richard P. burned it.

          Lankawe, the famous Lankawe is 174 out 179 on the New Media safety. With that huge record, certainly you have a lot to teach me.

          Everybody knows Aloysius is a friend of Old Royal and UNP. Once he was sucked out by both now he has been pushed to the road by both.

          All what you can do is prove the Brother Prince never did crime so the D.A. Rajapaksa memorial spending also a lie. Anyway that is 100 times better than his own “Zero” casualty game, bigger lie you tried prove at UNHRC and failed.
          I know what happened. By January 15th Yahapalanaya came to power. A new governor for Central Bank was found and appointed. Ranil did know Aloysius may do it through PT. Ranil told Aloysius to resign from PT. He refused. February 15th Bank was robbed. Are you convinced now?

          After destroying the country for 70 years……….you certainly know better.

      • 0
        0

        @oldcogger, What you have wrote is completely wrong. Either, You know nothing about bond business, interest rates, future value etc. or you are trying to mislead others by pretending you know everything.

        They robbed our money by lending our money back to us. They took money from our BOC and lended to our CB.
        You are talking about selling bonds in secondary market. They blocked EPF and bought bonds and sold same to EPF to make hefty profits; you say that is no crime. Very funny. We are not fools .

        • 0
          0

          What is BOC is supposed to do direct with CB? What a dump writing? BOC is your Grandpa” bank? What you mean by our Bank. It is independent Corporation. It is nationalised private Commercial bank. People Bank transferred Million and Millions of pawned Jewelry of Tamills from North to South. Never paid compensation. Simply walked away from the 150,000 dead people properties too. Old King Sold to Japan 20,000 ton Gold is extra.

          Your money Your Money Money?

          All are looted money in 1958 or at Gintota, Last Month!

        • 0
          1

          Chinwi,
          If you or someone else can mathematically disprove what i calculated, please do so. It is NOT illegal to buy things using loans from banks . That is how people buy houses and cars. I can tell you that I have bought securities myself with loans from banks even 20 years ago, when TB rates were higher than bank rates . I write from PERSONAL experience, not what Sirasa tells you.
          Making profits is not a crime.
          I will not comment on your statement that you are not a fool.

        • 0
          1

          Chinwi,
          You say “they robbed our money”. It is not my job to educate you, but this is what happened:
          1 Aloysius borrows 10 billion from BOC (overdraft)
          2 He buys the bonds and sells them in the market
          3 He pays back the 10 billion PLUS INTEREST to BOC
          He would be a fool not to repay soon, because the OD rate is much higher than the Bond rate.
          How can this be a “robbery”???? BOC has the interest on 10 Billion!!!
          I am challenging you or anybody else to come up with some figures to prove your claims.

    • 2
      0

      Mr. Prime Minister: Why Sri lankan LAw enforcement is this dysfunctional. why they can not get rid of LAW MAKER THIEVES. They are typical Rats. Look in a mad rush. they steal in public.

    • 1
      0

      Dear old codger,

      Your calculation of the loss is quite right. I must concede that while my knowledge of the intricacies of Economics is not great, I went along with those who claimed that the knock on effect of the transaction could be more complex.

      *

      The delay in investigation and the stubborn refusal to replace Mahendran were also worrying, as also the refusal for all our politicians to ever retire. I named some younger people who could take over. Some have been talked about others not known outside their Districts. Pathirana of Akuressa in particular. I had not heard of him, but read, and did hear of his Sirasa interview of Ranil, and even an old article in CT by Indi Samarajeeva, when I wasn’t reading them.
      *
      I’m sorry if I’m adding to sleaze. Unintended, still hampered without electricity. Returning to normal.

      *

      Glad to hear Local Elections everywhere, early February. Are we optimistic, hoping for more intelligent discussion like yours?

      *

      Maithri particularly to blame for some National List nominations. Result of hurried opportunistic coalitions and REFUSAL TO RETIRE!

      • 2
        2

        S.M,
        Not everyone thinks deeper in the face of sensational headlines. But when these headlines emanate from one source, we must sit up and think. Economics is not as complicated as IT for example. An O level student would figure out bonds very fast.
        A little more info on how Aloysius made 4 billion in a few months:
        1 He buys the bonds for 10 billion
        2 The bonds will pay 1.2 billion interest p.a. over 30 years
        3 The notional profit therefore is 36 billion, but this takes 30 years.
        4 Aloysius sells the bonds for 14 billion to other people.
        5 These buyers will ,if they wait 11 years, cover their cost.
        6 Not a bad deal for the buyers ,and very good for Aloysius!

        Note that none of the above is a “loss” to the CBSL.

        • 0
          0

          Who pays the extra 2% interest to the holders of “Alosius “ bonds? Is it not CBSL?

          • 0
            0

            U.P
            Yes, it is the public. And that is the only credible loss, 200 million a year. Not trillions, as some people are claiming. But compare that to the 24% that was paid on Govt. bonds just 18 years ago. You have to put things in perspective.
            I am happy that some of you are taking interest in the true calculations.

          • 0
            0

            You can worry about the 2%. But the interest calculation and lending is the job of Finance PHDs with sophisticated milling power in Calculus and with some computers. You know the history of the housing loan in 2008 at Wall Street. Entire American banking system collapsed and passed the dominos all over the world. AIG, so massive, once thought cannot go bankrupt, went into zero assets. Credits and loans are further based on many assumptions and speculation and probability calculation. They say in Tamil “Palanaal thirudan Oru Naal Siraiyil”. (A thief robbed for many days get caught only one day and then end up in prison) I am not mentioning it here to relate it with any CB looting, but only to emphasize the chance of risk taking in loan lending. If only one client within the many fails, it can wipe out the principal and the ability of the lender of lend.
            A non-mathematical, but simple arithmetic calculation can explain the risk on this. Our assumption going to be is the lender always lends and “one time he makes profits, and another time loses even the principal. Say our lender has a deal with a bank to borrow in $100 units as much as he wants, at 5% interest. So, if he takes one unit from the bank, end of the year he pays back $105 to the bank. Say, further he sells his loans at 6%. His base is exactly 40 clients. So he would borrow $4000 from the bank and at the yearend he pays $4200 to the bank. But when we assume everything is good, he would collected from his clients $4240. So he made a net of $40(4240-4200). That is at 1% surcharge on his clients.

          • 0
            0

            As this is only an example, we assume the man can give up his job and stay in the lending business. But the problem is, always, one of his clients fails to remit even the principal because he/she go bankrupt. That is 1/40 chance and a very small probability. But it hurts a lot our lender. Because at year end he should have collected $4240 dollars; but he collects $4134 only. So, his yearly loss by charging 6% is $66. ($4200-4134). Say as the 1/40 too low and actual is 2 clients defraud the principal. In that case our lender has to charge his client’s 11% interest to cover up the 2 principals loss and to break even at $18 profit (38×111-4200=18). So if look back again, if he was lending to perfectly good clients and he charges only 1% additional but made $40 profit, but when risk became only 5%(1/20) chance, and he increased the interest to more than the double of his cost, that is 11%, and still he made only $18. Now our lender, after charging more than the double of his cost to his clients, he is starting to worry if he has to return back to his employment as he is not making enough on the lending Business. All the problems started in his business was because there is a small percentage of clients are failing. CB is not a reliable client. So the bond’s return has to be high to lend to CB. If CB borrows very high amounts, the interest charged has to increase exponentially, as risks will be growing and it cast heavier doubt on the principal too. Any time, by the CB is borrowing excessively, it can end up declaring that holders of the bond will be getting only 50% or 40% of the value they are holding.

          • 0
            0

            The interesting part, now, is Aloysius is no longer having the risk; it is with the bond holders. If you really think, the Colombo media made easy for Aloysius to get rid of the risky junk he was holding. After 30 years if the CB would be not able to fully honor the bonds, it would be the PT who is supposed to go wiped out. Just because of the jealous, the Sinhala Intellectual has been telling in the media that Aloysius has made good deal with CB. This made many 2nd buyers to be interested in getting those bonds. These are the same bonds CB was struggling to sell at the start of the Yahapalanaya government. Most part of the profits Aloysius got came from the frenzy of the 2nd hand buyers who were ready to buy it than it’s worth. Now if we look at it again, Aloysius, by borrowing $100 from BOC and paying it to CB, hoped it will pay after 30 years $460. Then the 2nd hand value of the bond would be somewhere around $ 430 (for a talk, between $400 to 460). So Aloysius sold the $460 face value to $430. (The buyer will not pay all $430 but will pay only the present value based on that and his assumed interest rate. It is going to be somewhere between $112 to 116 – not a real calculation). If he had sold to average $114, he has to return BOC 110 and he keeps the $4. If Central Bank incur any fund raising cost and borrow from BOC at 110, it might have gone to CB very easily above $120 total coast. But Aloysius charged only $112. So CB has saved $8 leaving Aloysius to incur the fund raising cost.

          • 0
            0

            . But Aloysius is making a $4; this is coming from the risk takers; the 2nd buyers who are over stimulated by jealous of the Colombo Media. On the contrary if the Colombo Media had raised real doubt on the CB’s ability honoring the full value, then Aloysius’s buyers will not pay him even $112, so instead of Aloysius making a fortune might have made a loss last year. They would have paid much below $110 and Aloysius would have paid out of his hand the difference $110 for BOA. The Modaya Colombo Media, just by Jealous, helped to hike up the price and helped Aloysius make couple of bucks.
            In this gambling game, your 2% is nothing. Anytime with another client, Aloysius can get all earning wiped out. So how much interest he has to charge to CB is his private risk assessments. The court will never be able to dictate him on that. But planning to cheat a government agency is different crime. That part was not done by Aloysius. CB did not have any obligation to take from Aloysius. Emil was not the final authority to decide that. It was purely done by the UNP. That is why, here in CT, we had repeated asked Emil to tell the commission, COE and the court the truth. But this UNP acolyte decided the other way and saved the UNP crooks. Once racist Colombo Media noticed it was UNP’s over ruling on Emil, it is trying its best to put onus on Aloysius.

            • 0
              0

              Mallaiyuran,
              I think you have heard of the great Sri Lankan financier Sakvithi, who ran a similar operation?

            • 0
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              Mallaiyuran
              That is confusing explanation for some thing that is not. The housing bubble bust when the amount of the loan became a lot more than the value of the house. This resulted in defaults and the funds that were based on these loans crashed along with AIG which insured betting on these funds.
              The CB situation is that the bank is borrowing from the primary dealers as opposed to public borrowing from banks. There is no reason to believe that CB is going to default and so anyone that has bonds with high interest rates is going to make more money and bond holders with low interest rates are going to lose money instantly if they decide to sell. A 2% lower interest amounts about 20% loss in value.

  • 20
    5

    This is what you call transparency in a Democratic country. well done PM this was long over due.
    But you protecting the entire Rajapaksa family is not at all welcome by the entire 6.2million plus voters.

  • 9
    1

    PM what is happening to ID N0. 2222222222V.
    Is it because of the surname Wickremasinghe

  • 7
    0

    Sinhala Man.

    Day in Day out you are trying to whitewash EP.
    Sirasa has gone on silent mode for the past 3 days.
    Last 40 months Sirasa went on a blistering attack on the UNP top members, is it because Canagey started talking and is it because of Sujeewa’s outburst.

  • 14
    1

    The activities of the previous government prior to 2015 was rejected by the people.Hence you and Srisena were elected.. It is a shame on you take shelter behind the practices prior to 2015 . You should have take action against those malpractices but you seem to go along with all the misdeeds and justify them.

  • 14
    0

    Few days ago I listened to a discussion on Leadership in SLBC Welanda Sewaya. The resource person said “The honeymoon period of a new CEO is 90 days. During that period he/she can blame the previous CEO for things that are going wrong. But after that if the CEO keeps on blaming the former CEO, that shows his/her lack of leadership.” Based on this statement I leave the readers to pass the judgement on President and PM.

  • 9
    2

    Therefore what Mahendran/Aloysius/ RW/RK did is OK ?

    The true colors of the rascal is now known

  • 2
    1

    If he can bring back the money stolen by all thieves including the bond scam then its worth talking, better talk the walk!!!!

  • 7
    0

    What were you doing for last 3 years. Now that an election is round the corner you are trying to hoodwink voters again

  • 5
    0

    This PM is like a “TUBE LIGHT”. He waited till his own “Shit Bucket” hit the fan hanging over his head. Now he is making an effort to CLEAN the mess in telling the “Donkeys” (he has been always treating the people of this country as Donkeys) that there were much more bigger “Bond Scams” under the previous regime. Am I wrong in calling him a “TUBE LIGHT”? He, up to now did not know why the PEOPLE of this country kicked out that regime. Now suddenly his “Hidden Knowledge” has come to light and try to tell again his own rated “Donkeys” what has happened in the past. Mr. PM: You are a “Burnt Out Light” and that also very “Old Fashioned”. We are now in the “Led Light” era and the time has come to replace all those “TUBE LIGHTS” and replace those with, “Energy Efficient” and “Economically Beneficial” “LED LIGHT” bulbs giving those power with, perhaps “Nuclear Energy” . That is the ONLY way for this country can have any hope of RECOVERY. Please, Mr. PM for the sake of this country and the people, GIVE UP.

  • 7
    2

    Ranil… we hold you totally responsible for Aloysious rogue, stealing our EPF money…we will never pardon anyone who robbed our EPF MONEY…

  • 1
    1

    Defenders of human rights violators often say ” US does it. UK does it. So why penalise a small nation?”
    Ranil is resorting to the same childish argument – it was done pre-2015 so why this fuss post-2015?
    Yes Sir. We read your hint!

  • 5
    0

    Analyst…. Anyone can trust a bauddha Country ? YES, but NOT an Anglican convert opportunists..

    • 1
      1

      Thondamannay
      Did the Anglican Jesus Christ told these converts to Lie Lie And Lie until you fall into the Cesspit or until you’re pushed into the Cess Pitt??
      This disgraceful Liar had been caught with the Pants down.
      These shameless Politicicians goes round the World ( Only to Creepy countries with ample human rights violations) saying here I’m the PM of SL or Prez of SL or even the deposed Past saying “Here I am ” the Past Crook President of SL . Treat me well , give me money!!!
      Are they NAKED??
      Shamelessly Naked??

  • 2
    0

    Sri lanka Is unbelievably corrupt country because it is politicians who run every thing in the country. I read, DISGRACED former FINANCE MINISTER GALLE ON RAVI got approved a new bill in the parliament, i think to make his money laundering legal. the new law is sri lankans can invest in foreign countries upto $ 200,000. so, the ministers are going behind commis and they that is invested in a foreign country mostly in otherss names. Another thing is Rajitha Senarathne hired all his voters to the SL pharmaceutical corporation. Now, he is asking them to demonstrate in front of the Treasury and ask for more money saying SLPC is profitable this year. I heard RANIL THE RAT has one SPECIAL FRIEND in some where called WELIPILLA. IT IS NOT A WOMAN.

  • 4
    1

    PM, We take pity on you, the best available thing for you is retiring from politics & going to far away place until people forget you. CBK’s attempt to rescue will never be successful.

  • 2
    2

    Ranil, ranil….we understand. Yet, that you have placed Lankan debts on caning-and-hanging structured S’pore and terroristic Tamil Nadu is an abomination (and sneakily behind the back of the democratic masses too, thus breaking the essential democratic code)! Withdraw all the money from the triangle (never mind the penalty costs). Place it on another alliance eg. Bric that Rajapaksa did, or the US-army base (or whatever you decide with the Am’s). All might be forgiven.

  • 1
    0

    All that talk is neither here nor there, in the light of the recent Bond Scam. As the leader of the UNP, it has now become his obligation to prove that this ill gotten money is not to fill the coffers of the UNP. Otherwise, the public will have to assume that whole exercise was to fill the depleted coffers of the UNP, taking the talk of the town as true.

  • 3
    0

    Ranil is saying that Mahinda Rajapakse was stealing since 2008 until 2014. Ranil also did the same. In other words, Ranil was stealing and was trying to be Mahinda Rajapakse and got caught. Ranil finds those things only now, once he got caught. what a way to escape. Little children’s excuses.

  • 1
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    A friend of mine, an ex Central Bank [CB] confided in me, that the place that he worked for over 30 years and that made him what he is today has gone out of the track. He still remembers the words of good old Jansz, who retired as the Deputy Governor many moons ago and the Secretary at the time he joined. According to Jansz CB was a unique place. According to him it was adorned at the top by gentlemen of high intellect, character, integrity and above all honest.There was John Exter, Sir Arthur Ranasinha, D W Rajapathirana, William Tennakoon, H E Tennekoon, and Dr. Neville Karunatilleke who functioned as Governors, My friend did want to talk about other Governors as there was nothing to tell about them. All these were gentlemen of the highest calibre. They lived simple lives but adorned the place. The worst according to him was Ajit Nivard Cabraal and unsuitable to be even a peon in the CB let alone the Governor.In the long history of the CB it was during Cabraal’s time that the CB Balance Sheet showed a loss. GREAT. The loss of several billions in the so called Greek Bond investment, the Commonwealth Games fiasco in which more than US$ 8 million was busted. It is still talked about in the Parliament as it would appear after the full was settled by CB funds there had been an account with over Rs.7 mn where all the monies collected from several institutions had been withdrawn. [my friend’s personal opinion is this regard is that money never went to Greece either it was a truce adopted by the Rajapakas to siphon the money to their oversea accounts]. A double game.

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    RW got just the man to investigate the previous bond scam very eminent and highly accomplish bond scammer himself one Arajuna Mahendran and he will be aptly supported by one honorable mega looter Anthony Aloysius.

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    Mr. PM, Please forget the past regime. What is urgent now is the present. Enough is enough about the past regime. Sri Lankans are not scavengers to continue to devour the rotten past. It has not done any good to them; not at all.
    Find out a way to recover the ill-gotten money (1 trillion rupees?) from CB scam. Then you and your UNP will at least get a presidential pardon (not from Prez Sirisena, but from the general public). If not, no body will be able to stop the public revenge at the upcoming elections from local bodies to parliamentary and presidential until you and your UNP’s royal circle disappear from Sri Lanka’s political radar. You don’t have to beg God Thirupathy or PM Modi to fix the problem; you created it and the answer should also come from you!

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    After all these years in government, RW makes a statement in parliament ( under privileges) about the “practices of the CSBL prior to this government assuming power”in Jan-2015.

    Dear RW,

    YOU may hide under the Hyde of the Parliamentary privileges , but you are answerable to the 6+ Million voters who elected the UNP into the Government in the General election of 2015.

    This mandate given to you with all our efforts is being violated bluntly by:
    1. RW as the Head of the UNP still not taking any stern action against the culprits if the SEC Bond Scam

    2. You as the PM still tolerating the actions of Sujeewa Senasinghe, Deputy Minister who has a real foul mouth , and acting as an unleashed “dog”

    3. Tolerating the comments of Ajith Mannaperuma, when he addressed Prabakaran, as “Mr Prbakaran”, and went on to defend his stance.

    Ranil should surely know that all these factors ( any many more) are leading to a create a negative image of the UNP thus making the future Ground Level Election so “worse” for the UNP.

    I used to advocate RW as the future statesman who could drive this country forward , but alas, RW has failed in all his KPIs as the PM.

    On the Other hand, Mythree is still on a batting wicket, ( given his options but I am not sure if he’d select the best way-forward plan for him.

    Maithree is bound by his own articulates and does not want to explore beyond his “boundaries”

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    This is just to cover up the UNP & Alloysius Bond scam. We have seen the RAVI K saga 180 Mn in cash. COPE members Sujeewa etc 100 telepehone calls with Alloysius. PM appointing Mahendran knowing very well connection to Alloysius. PM pre-arranged hearing with PcoL only written answers.
    The UNP Bond robbing is clearly proven.
    Ranil came to power to investigate MR scams. Not a single has been investigated

    Who are you fooling. DEAL man

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    K Anage comment……..
    Why is that UNP Ranil Wicks after 36 months has passed doing nothing to restore development for Center-Stage of Sri Lankan economy which after defeated MR and alliance in 2015 January 8th?
    UNP leadership that decades of failure of development plans of Island time being unsuccessful by preforming country economy reforms has not yet reached to point where we want developing of Nation Economy has not met.

    Under the UNP regime Growth and development has not yet seen domestic policy changes and its policies seem to be have made very poor start . The nation catastrophe is by threatening political, economic and social of last 36 months of collapse since2015 January 8th.
    We are nearing ruin of political- economy increasing speed. All developing projects are standstill ,there is not foreign direct investment FDI in country. Some of stock market has collapse. Rupees has devalued compare US $ dollars over 30% to 35% . Growth rate has down from 7.8% to 4..1% . The vision of 2025 by double that increased of GDP in US$ Billions are Political tricks and gimmicks of UNP leader and President of Republic. All that UNP political and govt. are advocating masse lies before public and large in World leaders. The wide spread corrupts has involved by all Members of ruling alliances, Minister, Primer and President in overall management of State of governances bureaucratically lifeless institutions .
    Hopelessly by control of state institutions depend on Premier Ranil Wicks . and President of Mathripala Sirisena.
    Which do not present govt. moving currently that absolutely nothing happing even in the natural disasters and manmade disasters cannot do anything in the by UNP Government in power last 36 months. Majority people in protests in various issues Jobs Unemployment, and retrench works from companies and state organization that been not address by UNP leader, while result of that masses are in the street every day all over the country.

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