20 July, 2024

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Debt Relief, Reforms & Democracy

By Ameer Ali

Dr. Ameer Ali

“Don’t buy things you can’t afford with money you don’t have to impress people you don’t like”. This quote from Dave Ramsay which applies to individuals and families may as well apply to governments also. Why did Sri Lanka borrow so much, was there proper accounting of how it was spent, how many of the projects funded by borrowed money actually met the real needs of the country, and who really benefited, are all questions that still remain unanswered. No government that approved these borrowing ever provided a balance sheet to the public. Government budgets were all about the future and not about the past. No annual budget of government ever accounts for the progress or failure of the one preceded it. The cumulative effect of this parliamentary tradition is to shift the burden of settling debts accumulated by one generation to the next. Thus, the onus of settling the accumulated debt over decades has fallen well and truly on shoulders of the Aragalaya generation. But the tragedy is the ones who were responsible for this irresponsible accumulation and reckless profligacy are still in power continuing to influence government policies and advising the President. As long as they are there should the young generation accept that responsibility?      

Be that as it may, President Ranil Wickremesinghe may well go around the country and claim credit for the financial sector stability achieved under IMF tutelage, and for the “favourable” or “fair” $8 billion worth of relief from debt-restructuring negotiations. But the amount of belt tightening and sacrifice that ordinary Sri Lankans had to make to achieve that stability is another story. However, given the involvement of IMF, which has virtually taken control of Sri Lanka’s economic policy direction, the debt relief should not come as surprise to those familiar with IMF’s role in mediating between debtor nations and their creditors. The primary interest of IMF is to look after the global capitalist system. According to its ideology the moneyed class is the locomotive driving that system. Therefore, IMF primarily looks after the interests of the creditors while enabling the debtor to gain sufficient financial strength to settle the total debt in fu with whatever concessions offered by the debtor. There is no free lunch and the ball is now in Sri Lanka’s court.

There is also another factor worth reminding in this context. Sri Lanka is a strategic foothold to keep under control for American and Western interests in the ongoing Cold War in the Indian Ocean. Therefore, the little debt relief given to its government on the recommendation and supervision of IMF is more than an economic or financial gesture. IMF has done its part and will now wait and watch how RW is going to handle the little leverage he has gained in the post-debt-restructured environment.

At the end of the day all foreign debt has to be settled by producing a national surplus. Basically, there are two types of surpluses, trade surplus and budget surplus. To achieve the first the total value of exports has to exceed that of imports, and to achieve the second, total government revenue must exceed total expenditure. In both, Sri Lanka is experiencing chronic problems. In the IMF agenda the immediate focus is on reducing the fiscal deficit while expecting trade deficit to fall when economic growth resumes. So far IMF has not directly intervened in resourcing or incentivizing the domestic production sector, and RW’s two budgets were also more about fiscal consolidation than raising domestic production. The next budget too will be focusing primarily on cutting public expenditure and raising revenue, an exercise more stylistically phrased as “disciplined fiscal policy”. However, that exercise too like in previous years would be class biased. It is the citizenry at the middle and lower end of the income scale who would be asked to bear the cost of this exercise rather dis-proportionately. The so-called imputed rental income tax that is expected to be introduced in the name of a wealth tax for example is a camouflage to allow the top end of income earners to reduce its total tax liability. Economic distress for the majority is destined to prolong, and a few more rupees thrown into RW’s ‘Aswesuma’ bucket is not going to bring down the poverty rate, which is hovering around 26 percent. On the expenditure side of the ledger health and education would continue to suffer from inadequate resourcing. Public hospitals are hit by shortage of doctors, nurses and specialists while public schools are starved of trained teachers and teaching facilities. While patients find medicinal drugs at public hospitals unavailable and u affordable at private pharmacies, many families with school children find the cost of textbooks beyond their means.         

Thus, in the post debt-restructured environment, preparation of the next annual budget with “disciplined fiscal policy” is going to be a challenge. However, in between that challenge and debt relief stands democracy. It is time the interim president and the government in power seek fresh mandate from voters before proceeding with any reform program. It is therefore not the economy but politics that is gripping the nation at the moment and is being watched anxiously by IMF and its shareholders. To start with, the aragalaya generation has no confidence on the sitting 225, and RW is its No.1 enemy. The fear of defeat at the ballot box has therefore driven the ones in power to look for ways and means of avoiding the election itself. The search for loopholes in the constitution to postpone an election and expecting the judiciary to adjudicate favourably over it, attempts to build a popular consensus to allow the status quo to continue by exaggerating the danger of change and the imperative to continue with reforms, and a concerted attempt to portray RW as the best man for the job are strategies dominating the political arena.

But the real danger in allowing the status quo to continue is to give license to a system that had been instrumental in creating a poly-crisis. Those who are insisting that reforms should continue without political disruption are limiting themselves to fiscal discipline and creation of an economic environment to promote exports and foreign investment. But real reforms have to go much deeper and more encompassing. RW has no wish to get rid of the prevailing political culture with its administrative lax, financial corruption, economic mismanagement, organized violence and institutional discrimination. On the contrary, he is hoping to build an economic paradise on the foundation of a culture and system which changed governments periodically but without changing the philosophy and style of governance. As a result, the so-called free market economy which that system created and operated became an organized playground to amass private wealth for greedy politicians with their mafiosi partners. State owned enterprises fell into decay at the hands of a bunch of greedy individuals related to these politicians, and as a result those enterprises have become a burden on public purse. This is why IMF is insisting on privatizing these loss-making parastatals.  Hence, the case for a radical change in governance as demanded by the Aragalaya. The knife edge economic stability for which IMF is credited with cannot remain solid without transforming the pernicious culture of political governance. NPP’s call for a social revolution to change that culture has therefore started reverberating throughout the nation and particularly among its younger generation.  An election whether Presidential or General is therefore a democratic imperative. Trying to postpone or cancel it under any pretext would only provoke mass revolts and RW’s guardians of PTA and OSA will not be able to protect the saboteurs.               

*Dr. Ameer Ali, Business School, Murdoch University, W. Australia

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Latest comments

  • 9
    0

    The former Health Minister has been remanded and claims he was instructed to justify his mismanagement without any documentary proof. He asserts that all parties involved were aware of the poor-quality, substandard, and falsified medicines he purchased, highlighting a “blind spot” in health systems strengthening. His answer is due to immergency he pursed HE TOLd THEY TOLD and ALl TOLD after the peoplr start getting sick.
    Meanwhile, numerous other individuals involved in accumulation and reckless profligacy remain in power, continuing to influence government policies and advise the President. Given this situation, should the young generation accept the responsibility of leadership and accountability while such individuals remain in power?

  • 13
    0

    Dr. A.A, you are writing about a possible accounting process of borrowed money, specially from China a long time ago for the southern Hambantota port, Mattala airport and unused Stadium, when most of that money was stolen to build a non-working imaginary royal family for this nation, since the British captured the last king of Kandy in 1815, Sri Wickrama Raja Sinha. How does one account for money that’s stolen?

    • 12
      14

      DTG
      Do you know what’s even worse than stealing borrowed funds? It is conniving foreign powers to compromise the national security of the nation.
      Example: the hambanthota harbour project, was designed to fail right from the outset, paving the way for China to potentially seize ownership of this crucial asset.
      Mara allocated about 8,000 hectares of farmland to build the Hambanthota inland port—an inherently flawed and impractical idea.
      Typically, countries build ports on coastlines rather than inland.
      Inland ports are usually strategic for military purposes, such as hiding nuclear submarines.
      Given its location as the southernmost point in the Indian Ocean, Hambanthota is ideally positioned for accommodating Chinese submarines. It seems that the Hambanthota port was conceived with the expectation that it would eventually fall into Chinese hands, one way or another.
      Can you imagine how much money was given under the table to Mara by China for such an devious and unpatriotic act?

  • 10
    7

    Dear Ameer,
    .
    What we want/demand is a Presidential Election
    for which nominations must be called on the 17th of July, just nine days from now.
    .
    I’m so sure that AKD will win it that there is no need for me to imagine any other possible scenario. Ranil can do what he wants; he can contest that election, although I don’t think that he will. Sajith is likely to contest quite separately, and put his all into the campaign. Expect forty candidates, for our last such Presidential Election. The question arises, what if Ranil tries any more tricks? Let him! Old as I am, I will take to the streets, braving the bullets if I must!!
    .
    The UK elections help:
    .
    https://www.youtube.com/watch?v=YoBmtOd7RaQ
    .
    So do the French elections:
    .
    https://edition.cnn.com/world/live-news/france-election-runoff-results-07-07-24-intl/index.html
    .
    I’ve been listening to Samantha Vidyaratne, “The Uma Oya man“:
    .
    https://www.youtube.com/watch?v=L8ATTZZIv8U
    .
    All in Sinhala.
    .
    Panini Edirisinhe

    • 10
      7

      Anura Kumara has been in top form in Parliament today.
      .
      https://www.youtube.com/watch?v=ekGcTAbQiFw

      .
      AKD will know what to say, and what to do; our part must be to support him with perfect discipline, but fearlessly.
      .
      Let us hope that Ranil Wickremasinghe will not continue with the devilry that he has displayed for almost two years.

    • 4
      4

      Dear S-M: “…..nominations must be called on the 17th of July”. NO.

      The 17th of July is the date EC gets legal authority to hold the election and to decide on the dates for nomination and election.

      • 5
        2

        1/ 4
        .
        Thanks, Douglas, you are a treasure!
        .
        I wasn’t sure what that meant, really.

        .
        Therefore what we can expect, I guess, is a gazette notification, to be issued on the 17th, fixing a date about a week, or even two, after that when nominations are going to be accepted.
        .
        https://economynext.com/sri-lanka-presidential-election-date-can-be-told-after-july-17-commissioner-gen-170284/
        .
        To get this absolutely clear, nobody can apply to be President. Two other people, who are citizens of Sri Lanka, must turn up (together with the prospective candidate).

        One has to to make a statement that so and so, the candidate, is his nominee for President of The Democratic, etc, of Sri Lanka, and the other has to state that he (even a “she” is allowed – how do we reform the English language so that there is one word to denote a person of either sex?) seconds that nomination.
        .
        Douglas, one of the problems that we face may be that we don’t always realise that time is passing. I will submit two more comment, and then come back to this theme. “leelagemalli” knows many things, but he doesn’t understand how time passes!

      • 5
        2

        2 /4
        .
        The nomination and seconding has to be done by citizens of Sri Lanka
        (the production of the now notorious – in the pages of Colombo Telegraph, at least, NIC – number won’t do), and the nominee must also be a citizen of Lanka, but in addition must satisfy certain other criteria. Those criteria include having been a Member of Parliament, having been the President of Sri Lanka once (twice will mean disqualification) and such like.
        .
        Those limitations mean that not all 15 million voters can be candidates, although we’re possibly getting close to that by now!
        In 2005 there were 13 candidates, in 2010, there were 20 candidates, in 2015, there were 17 candidates, and in 2019 there were 35.
        .
        Those 35 included a guy living less than 2 miles from me:
        .
        https://en.wikipedia.org/wiki/Samaraweera_Weerawanni
        .
        He’s still living, aged 81. Will he contest again? He has been a member of Parliament, with Ranil Wickremasinghe. Ranil ought to dig up old records for him to realise just how old Ranil is.
        .
        Douglas, you and I are wiser in that respect!

        • 1
          7

          “Douglas, you and I are the wiser in that respect !”

          Isn’t this a subjective feeling?

          The house is on fire, you joke around.

          Read the story below which I feel is similar to your (2) stupid performance regarding AKD. That can perhaps amuse you.

          My colleague (47) has a Down syndrome male child (12 years old) who loves many things that boys her age hate and makes the home environment even more beautiful.

          Likewise, we can always enjoy reading your completely irrelevant comments, bragging about as person (AKD) whose practical political performance in a country with a large majority of politically illiterate on universal suffrage.

          Our good reviewer HT recently questioned AKD apologists on any bravery AKD has done in the last 30 years of his active political career – but you didn’t dare to give constructive reply. please tell us why !

          May you be blessed with brains !

      • 5
        3

        3/4
        .
        Since the number of candidates seems to increase each time
        (well 2015 seems to be the outlier) can we expect about 45 candidates this time? It’s only the first , second, and possibly the third who matter, but this is of practical significance. The more candidates, the greater the confusion for the voters, the longer the ballot paper, and the greater the cost.
        .
        Well, never mind the cost, we want the election held this year, and before the 16th of October 2024.
        .
        https://en.wikipedia.org/wiki/2024_Sri_Lankan_presidential_election

        .

        I’m pretty sure that not one of us can remember the batting of the greatest of them all – Don Bradman!
        .
        https://www.youtube.com/watch?v=z0-j5NJ5HUU
        .
        And this, in colour, but no sound:
        .
        https://www.youtube.com/watch?v=9UwwoZW8ubs
        .
        For once, “leelagemalli” will have to acknowledge that he doesn’t remember. How can he? Even the second (later) of these YouTubes was made when I was a two month old infant in a cot. No television in Bandarawela.
        .
        Cricket commenters not named!
        .
        Panini Edirisinhe

        • 1
          0

          We cannot have a man as old as Ranil Wickremasinghe telling us how the country can be run.
          .
          Please listen to an older and more experienced man like me! Four months older than Ranil!
          .
          See what happens to most people when they get old:
          .
          https://www.youtube.com/watch?v=zNXe7Ifa-j8
          .
          If you don’t believe what the Professor says, watch these five minutes:
          .
          https://www.youtube.com/watch?v=Z7_d3vIRAjs
          .
          Not everyone is helpless as they get to this sort of age:
          .
          https://www.youtube.com/watch?v=NXEbLs00bT0
          .
          Warning that’s over an hour!
          .
          Ninety-seven! He’s still living!!
          .
          https://en.wikipedia.org/wiki/Herbert_Blomstedt
          .
          Panini Edirisinhe (NIC 483111444V)

          • 1
            0

            Many thanks to the editors of Colombo Telegraph for letting the above comment in.
            .
            Thanks also to 84 year-old Dr Ameer Ali (no I don’t know his date of birth; my birth was more recent on 6/11/1948 – well I can’t really remember emerging into Bandarawela on that date!).
            .
            As for the Presidents of the USA and Sri Lanka (UN-elected here!), they must rethink whether they are up to their tasks. Both zombies want the people of their countries to vote them into office later this year!
            .
            Whom the gods wish to destroy, they first make mad!
            .
            I’d like to give below this the comment that I submitted to YouTube 15 minutes ago. I must respect the 200 word limit!

          • 1
            0

            Please look for the “Newest Comments” here:
            .
            https://www.youtube.com/watch?v=NXEbLs00bT0
            .

            I adore Beethoven, and the man whom we must pay tribute to is Beethoven.
            .
            However, having listened to this at 22:14 in Bandarawela, Sri Lanka, on 12/07/2024, I can hardly believe that Blomstedt is 97 years old!
            .
            I have actually looked at his Wikipedia entry to make sure that he’s still living! It is only yesterday that President Joseph Biden of the USA made an ass of himself in introducing President Zelensky of Ukraine.
            .
            I have known and loved this symphony for 60 years (I’m now 75), and for all that period I’ve marvelled at the fact that Ludwig van Beethoven never heard this music, when he conducted its premier in Vienna on 7 May 1824 (I’ve made a second visit to Wikipedia). However, finally, I don’t place even the achievement of Herbert Blomstedt ahead of that of Beethoven.
            .
            Thanks, dear Ludwig!

      • 4
        1

        This comment was removed by a moderator because it didn’t abide by our Comment policy. The key to maintaining the website as an inviting space is to focus on intelligent discussion of topics.

        For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2

        • 2
          17

          Hello Panini
          Out of the blues I received an email from you today
          I have not read the article nor the comments in depth
          I have replied your email and have given my WhatsApp contact details
          Please get in touch by phone
          I am fairly free in the mornings
          Not too early😂
          Take care
          Kind regards
          Nada
          Ratnam Nadarajah

          • 1
            1

            Done, my good friend.
            .
            But now, I’m really tired, and must get some sleep.
            .
            I have replied you, but you say “not too early”. And it must be early hours of the morning.
            .
            It’s 05:33 in Bandarawela.
            .
            Panini Edirisinhe

          • 0
            1

            This comment was removed by a moderator because it didn’t abide by our Comment policy. The key to maintaining the website as an inviting space is to focus on intelligent discussion of topics.

            For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2

            • 0
              0

              I’m resigned to this sort of thing!
              .
              I know that I’m old!
              .
              Panini Edirisinhe

              • 1
                5

                Sinhala Man,
                You tried so hard to get our attention by repeatedly saying that you are old. This is new to us.
                :
                I don’t think you have the kind of breakdown that incumbent US president Biden displayed a few days ago. Comments being added by you are equally idiosyncratic your mirror image.
                .
                Don’t forget, there are a few commenters among the CT readers who are old and not saying a word.
                Besides, That’s no excuse either.

                Wishing you a nice and relaxing weekend !

          • 1
            0

            Dear Nada,
            .
            Please go here:

            .
            https://www.colombotelegraph.com/index.php/the-choice-on-the-way-to-the-polling-booth-sajith-vs-anura/
            .
            to find out what I think will happen in the Elections, which I predict (not “know”) will be on the 5th of October 2024.
            .

  • 3
    19

    … who really benefited, are all questions that still remain unanswered.
    Ameer Ali, Are you sure that you do not know who really benefited!
    … the ones who were responsible for this reckless profligacy are still in power
    No. No. No. You know who they were. Only shy to point them out!

  • 6
    19

    There should be an independent citizens committee appointed by the Parliament to evaluate every expenditures of the government over a certain amount and report to the public.

    This will curtail waste.

    • 6
      19

      “There should be an independent citizens committee appointed by the Parliament”
      Who will appoint a committee to investigate Parliament?

    • 3
      0

      Buddhist1, it was not government expenditure for citizen’s benefit that is waste, but the greedy robbing of government assets by the robber family supported by the robbing majority of 225.

  • 12
    22

    It appears the current President Ranil Wickremasinghe is afraid to face the people.

    • 0
      0

      Ajith,
      .

      How many commenters have told you that you are one of the most intelligent, rational, and fair commenters on Colombo Telegraph? If the answer is zilch, let that be corrected forthwith.
      .
      I once had a student who was obsessed with sticking the names of the figures of speech to what they have observed. Where can one find a better example of litotes than the above sentence by you, about Ranil Wickremasinghe and you?
      .
      We now have a major problem with paying our bills for the Internet, or if you’re simply tired here’s a suggestion.. If, having been enthralled by the recording by Blomstedt, you just want to sit back, with eyes closed, listening to the music again, please click on this:
      .
      https://www.youtube.com/watch?v=iZGpfOcpO6E
      .
      Only the music to be heard, no film to watch.
      .
      Best wishes,
      .
      Panini

  • 2
    5

    Does anyone know what exactly is contained in the Agreements signed by the Bond Holders and other Lenders?

    I asked this question from the critiques as well as the singers of praise. The Parliament was summoned on July 2nd at the request of the PM for a debate on the “Agreements” and to seek approval. There was no “Debate” but only another harangue by the President with enough of “Jokes” and entertainment wasting money. However, it was disclosed by Dr. Harsha de Silva that the “Agreements” were not even submitted to the Finance Committee of the House and neither to the Cabinet. The President’s explanation for this lapse was: ” The parties to the Agreements wanted not to disclose any of the terms to the Public”.

    So in the absence of such disclosure, are we not groping in the dark? Are we to rely only on public speeches by the President and his henchmen? Everyone has forgotten to demand the actual DOCUMENTS to ascertain the facts, but continue to calculate the losses and gains. What a country we live in!

    • 11
      17

      Douglas,
      Here are the terms agreed with the private bond holders:
      https://www.brecorder.com/news/40311230#:~:text=COLOMBO%3A%20Sri%20Lanka's%20private%20creditors,condition%20of%20an%20IMF%20bailout.
      Nothing mysterious about it, if you understand the technical terms.

      • 2
        6

        OC. Thanks. Please read my comment again. I was referring to the “Official Agreement” signed by the Government and the Debtors. It is scheduled to be presented to Parliament shortly.

        If and when it is available we all can see what the “Conditions” and agreed “Terms” would be. Compare it with what you have published through that link. You will cut your hair.

        • 17
          10

          Douglas,

          If you want to know the dark side of the IMF, ask Iceland or Greece. Greece in particular is similar in terms of corruption to Sri Lanka. I invested in distressed Greek banks around 2010, following the likes of big investors such as Wilbur Ross. The investments didn’t turn out well.

          • 6
            12

            “I invested in distressed Greek banks around 2010, following the likes of big investors such as Wilbur Ross. The investments didn’t turn out well.”
            What brilliant idea??? The serious question is whether You followed the MAD Cabaal who invested Sovereign Lanka’s Money in Greek Bonds, which everybody “Under the Sun” Knew ‘Jolly well’ Bad Investment and lost is a MOOT POINT at this stage!!!?? IRRELEVANT!!! The only outcome we know is that, who belongs to that castigated block of Foolish to place good wealth after Bad!!??? At least be happy you are in the same league as the former Governor of CBSL!!?? At least, you have that consolation and not ALONE, left to “DRY-OUT”!!!??

            • 8
              12

              Mahila, people should check out the pictures in yesterday DM . Deceased underworld criminal Club Wasantha partying with 60 % parliamentarians ( who is who ). The one I liked most is with Mara. Apparently during the shoot out, Wasantha’s wife too had a unregistered gun in her possession. As the judge said Lanka is now ” Chicago of the yore “.

              • 8
                11

                Add this to the current circus. Lankan Low and Odor , intentionally released a video to media, showing a group of police officers questioning the alleged suspect, who confessed to the murder. Media Justice. In 2022, former IGP had strictly instructed to refrain from broadcasting statement given by suspects to media. But then, the current IGP him self is a human rights violator and a Mafia member. This shows , how politicians, police and Mafia commit and connive at the most appalling crimes / murders.

                • 6
                  11

                  Chiv,
                  People in our hell wanted ” club Wasanatha and Mahendra Rajapaksa or the like be popular as the powerful personalities. Prof Glp or the like too were with MaRa for some reasons 🤔 popularity was gained without proper reasons. Consequences are before the eyes of all.
                  People indifference levels are not comparable those days in sl [ I mean in 80ties and 90ties]

                • 5
                  11

                  Chiv,
                  It seems that the singer who attended the event had a husband who was formerly a popular bana-preaching monk. What an “achcharu” !

                  • 6
                    11

                    OC, good to know. That helps to complete the sorry / silly / stupid
                    vicious cycle . 60 % politicians – underworld – police – Monks

                    • 5
                      11

                      OC, SB. Lanka being labelled corrupt, then bankrupt is soon going to be known as Mafia nation. One sensible Thera Wanawasi Rahula too said Lanka is now become Chicago. Even funeral Parlor received threats from a foreign country over Wasantha’s remains. Two mafia / under world members were brought today from Dubai under heavy security. Reportedly the guy who ordered the the killing watched in real time, from Dubai on his mobile phone.More names are now being reported , involved in the murder. Look like most of them haven taken shelter in Dubai and other Gulf countries.

  • 15
    16

    Dear AA
    .
    Why did Sri Lanka borrow so much?
    So that the Mara government could start projects in order to take huge commissions from the contractors and at the same time deceive the gullible Sri Lankan people into thinking that Sri Lanka was developing fast under Mara leadership.
    .
    Was there proper accounting of how it was spent?
    Of course not, this is how the Mara clan was able to swindle the country.
    .
    How many of the projects funded by borrowed money actually met the real needs of the country? Very few, if not the projects would have financed the loan repayments instead of accumulating as debt.
    .
    Who really benefited?
    I think it is fairly obvious who benefitted. It was Mara clan and their cronies.

    • 5
      4

      Dear S-M: “…..nominations must be called on the 17th of July”. NO.

      The 17th of July is the date EC gets legal authority to hold the election and to decide on the dates for nomination and election.

      • 7
        19

        Douglas,
        at least you are guiding him well. THat is a good sign.
        He is somewhere lost by his heroworshiping on AKD round the clock. The kind of masses are stuck somewhere in our country. Despite the facts that Truths lie aside. Good luck to our nation !

    • 1
      6

      HT: National Audit reports point to the blatant accounting “Crimes” committed by the Financial Authorities. One such report pointed out that out of Rs. 12 billion spent on Projects, only Rs. 3 billion worth of assets were found. What happened to the balance of Rs. 9 billion?

      Then again the AG reported that “Closing balances” as of 31st December have not been properly brought forward as “Opening Balances” on 1st of January and that “Short Fall” amounts to Rs. 17 billion. Isn’t this called “Cooking Accounts”?

      When will we see the “Actual” Financial situation of the country? As of now all “Statistics” are lies and those are “Deliberate Lies” and “Crimes”.

      • 10
        18

        “One such report pointed out that out of Rs. 12 billion spent on Projects, only Rs. 3 billion worth of assets were found. What happened to the balance of Rs. 9 billion?”

        Please add supporting links for our testing so that the readership is not misled.

      • 12
        17

        Douglas
        .
        Fraud has been the bread and butter of the Rajapaksa Clan.
        It’s disgraceful that 69 lakh votes went to them, considering the atrocities they inflicted upon the people of Sri Lanka.
        Regrettably, there are still individuals among us, even on CT, who continue to regard and worship such traitors highly.

        • 2
          10

          “Fraud has been the bread and butter of the Rajapaksa clan.”

          However, this has been misinterpreted by abusive journalists as God’s gift to Sri Lanka. my foot !

          Tell you HT, few days ago, I compared MaRa with GoRa. It immediately became clear to me that Gota was not fake, but politically immature. However, MaRa is as fake as his color “hair”: take a closer look at the brothers and their hair.

          However, many people are also fraud and become victims of fraud and high crime constantly.
          . There is a huge gap between people’s ability to differentiate between good and bad. Things do not look good for those who grow up with fraud and lack of proper law and order. Be it school, university, wherever people roam everyday, people behave more pro-cheating than anti-cheating. Monks become lovers, convenient hirelings for crooked politicians, even as their freebies continue to be grabbed by their blind SB followers.
          People are not used to asking “why” before doing anything. Whether in the family or in the society, they behave as “pingonas”. Any public statement by the WEDABARI TARZONS is polarizing and easily makes them “heroes” to the Sinhalese. Tamils ​​and Muslims who grew up in Sri Lanka do more or less the same.

    • 14
      17

      HT,
      “How many of the projects funded by borrowed money actually met the real needs of the country? “
      In my opinion, not one. The much-touted highways are said to have made it easier for tourists to travel, but even in 1982, tourism was booming without even one highway. The tourist traffic in 1982 showed that there was a remarkable growth in the number of tourists, with 407,230 arrivals. 1983 put paid to all that. The highways also made it easier for provincial residents to flock to Colombo, creating congestion and traffic jams in the city.
      The ADB refused to grant money because it found the projects uneconomical, but the Rajapaksas borrowed from commercial lenders anyway. How else could they win elections?

      • 12
        16

        Dear OC
        .
        Thank you for your comment. As we all know, before embarking on any project, it’s crucial to conduct a thorough feasibility study covering aspects like viability, return on investment (ROI), and environmental impact assessments, so ADB must have been absolutely spot on not giving us the loans.
        .
        Let’s set aside discussions about highways for now and focus on the Matthala Airport and Hambantota Harbor projects as examples. Hambantota, despite failing to demonstrate its viability, was eventually leased to China for 200 years, while the airport remains largely unused.
        .
        This decision represents a serious injustice inflicted upon Sri Lanka by the president and his associates, who were fully aware of the likely outcomes. Such maneuvers, often orchestrated by powerful nations, come with significant stakes, likely involving substantial financial incentives to ensure their realization.
        .
        One can envision Hambantota becoming a pivotal outpost in the Indian Ocean should a conflict arise between China and another nation. It could potentially serve as a strategic base for nuclear submarine operations, with the airport functioning as a logistical and personnel transfer hub. Unfortunately, this scenario also implies the risk of Hambantota being targeted by intercontinental ballistic missiles (ICBMs) aimed at neutralizing its strategic significance.
        .
        I’m not intending to echo the views of a conspiracy theorist, this is unfortunately the stark reality of nuclear warfare.

        • 13
          8

          ” As we all know, before embarking on any project, it’s crucial to conduct a thorough feasibility study covering aspects like viability”

          This sounds just like ChatGPT. Crucial this, crucial that.

          “One can envision Hambantota becoming a pivotal outpost in the Indian Ocean should a conflict arise between China and another nation… significance.”

          This whole paragraph is copied from ChatGPT.

          You are accusing Mahinda of fraud, at least try to be original.

          Right, Hambantota Port has military significance. That’s the point. If there’s a war between India and China, you *don’t* want to be on India’s side.

          • 9
            13

            “Right, Hambantota Port has military significance. “
            Ooh, the jungle General speaks.
            There are still people who think Trinco is a place to park aircraft carriers. They forget that way back in 1942, the Japanese sank half the British fleet in and about Trinco.
            “You are accusing Mahinda of fraud, “
            What else? Rape? Child abuse?

            • 12
              8

              Lester –
              .
              This guy OC is paid to condemn Sri Lanka and its assests, natural and otherwise. NV does the same paid or not. Trincomalee is one of the largest natural harbours in the world and is a sought after asset by most leading world powers. He down plays its importance to mislead the Sri Lankan populace so that his beloved India could grab it for a pittance like they are trying to buy a USD 90 billion economy for a loan of mere USD 4 billion. Him along with NV should be tried for treachery.
              .
              Thanks to the work of Tamils, Tamil Diaspora, and Indian Intelligence, Modi I hear is now shaking. I hope he doesn’t pis or shit in his pants.
              .
              Meanwhile I hear he has been working for Softlogic ironically while being paid by the Indians, for them to soon acquire a Pizza Franchise under their Rastaurant business. What can I say except thank you! 🤣🤣🤣🤣
              .
              Pizza Hut, Sri Lanka will be sued for stealing my ideas and concepts to curate their menu and further attempts at extracting ideas from me in the guise of getting me to provide a feedback on one of the orders I placed with them.
              .

              • 12
                7

                Ruchira,

                He is clearly a clown, whoever hired him should be investigated for incompetence.
                Right, Trinco Harbor is the big prize. India would like to have it (to spy on China), China would like to have it (to spy on India and deter the US as part of the “String of Pearls Strategy”) and the US would like to have it, as this would deter Chinese expansion. SL has to decide between the US and China, at some point. Letting India have any part of it will strain relations with China. I am not fully on China’s side, but I respect the growing influence of China in the region. The US is investing a lot of time and energy to contain Chinese expansion, but it is not succeeding. China will have its day and that will come with the invasion of Taiwan (important for semiconductors).

              • 6
                11

                Ruchira,
                “On top of that I am not only related to the Royal family, but my father it appears is the actual heir to the British throne after Queen Elizebeth.”-Ruchira July 3rd.
                Out of respect for Your Majesty, I say no more.
                But I hope your padded cell in Angoda has gold-plated fittings in keeping with your Royal status.
                Say hello to your fellow inmate, King/Professor/ Chakravarti Lester….

                • 7
                  11

                  OC , Royal entertainment. LOL

                  • 4
                    11

                    OC, looks like Indian Govt, heard the Trinco rambling. India has suspended all fresh loans and line of credit projects. Instead they will focus on grant and connectivity projects. Initially agreed $ 60 million KKS port development is now converted to grant instead. Japan too has decided to suspend fresh loans and resume projects stalled due to economic crisis.

                • 4
                  9

                  Hello OC,
                  King George VI had 2 daughters Elizabeth and Margaret. Elizabeth being the oldest was first in line and then Margaret. As she had Charles before her father George died in 1952, Charles was next in line. So Charles is Ruchira’s father (or Margaret). Charles (born 1948) is a bit older than me so as my first daughter was born in 1974 Ruchira might have been born from about 1968 give or take a couple of years (making him mid fifties). Something doesn’t make sense.
                  Best regards

                  • 5
                    11

                    LS,
                    Let’s talk to Ramona to get the History Channel to make a documentary about Bonnie Prince Ruchira.

            • 3
              11

              Big ticket prize with no takers, like bankrupt SriLankan Airlines and that big blue rock, taken around the world for auctioning but later returned to museum for simple viewing.

          • 5
            0

            Lester

            So, are you implying that we should support China if there is a war between China & India? In my experience, I would trust the Chinese the least in business & from what I seen of the Chinese influence in SL, I would take my chances with the Indians if I have to make a choice. There is a Chinese hand in all troubled hotspots in the world, exploiting the natural resources of these poor countries, so I am sceptic of Chinese bearing gifts. Anyway, SL would have been a Chinese colony by now if the Rajapakses ruled the country, & maybe, you would all be driving around in Chinese electric vehicles, powered by Chinese built coal fired power plants on Chinese built highways ..

            • 11
              5

              Raj-UK,

              If you look at countries like Malaysia, Thailand, Vietnam, Indonesia, etc, the highest earners are Chinese. Singapore was created out of Malaya; again, another Chinese success story. I don’t want to make a whole thread about Chinese success. But China is much more successful than India. Take it from an Indian prof at a top US university: https://www.aspistrategist.org.au/why-india-unlike-china-wont-be-an-economic-superpower/.
              If we were to re-visit this thread in, say, 20 years, China would still be leagues ahead of India. India is simply too corrupt as well as mired in religious superstition.

        • 10
          12

          HT,
          It seems that Hambantota Port (still grandiloquently named “Magampura Mahinda Rajapaksa Port) is now profitable after a few years under Chinese management. I think one of our major problems is our inability to admit our own limitations, whether in Management, agriculture, railway maintenance, or whatever. We are still crippled by our 2500 year history.

          • 7
            0

            This comment was removed by a moderator because it didn’t abide by our Comment policy. The key to maintaining the website as an inviting space is to focus on intelligent discussion of topics.

            For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2

    • 14
      15

      Dear HT and all other rational thinkers,
      Whoever whatever lies being spread for their political gains, truths would not be suppressed forever. 2015-2019 govt took loans to cover RAJAPAKSHE huge loanS AND TO pay off the salary hikes in that 100 day program (Rajapakshe dogs had never increased the salaries for public sector). So not RANIL but people benefited from that. Our people are no grateful.
      Reports say, RANIL does not take his own salary for such a long time. However, it is not reported by the press in srilanka. Harin Fernando revealed that in a press conference lately.

      Stupid people filled SL (95%) is divided between MaRa clan and Anti Mara.MaRa’s politics was similar to sex business owner and his service personnel. Entire country is infected by it today, and it is so stinky. So full face lift would be the only solution to come out of the disaster.
      .
      In a civilized country MARA would have been stoned to death. Unfortunately, what is being practised in our hell is the the opposit yet in our hell filled with more slaves.

      Yet today, MaRa is held like a god in the southern corners no matter even if their lovely ones would have been raped and murdered on broad day light. The kind of brainwashing is akin to that of Mugabe toward his tribal folks.

      SRILANKA ‘s main stream media is complicit for this brainwashing. Unfortunately hells like srilanka have no laws against the kind of MEDIA whore houses.

  • 9
    2

    Dr Ali

    OK, so there is no such thing as a free lunch & the IMF is waiting for its pound of flesh but isn’t the NPP, although vocal at first, is now toeing the same line? Is there an alternative to IMF?

    I have been asking how the NPP intend to recover the economy & their sources of funding. Will the NPP able to invest in the export industry, health, education, social services, etc without taxing the average citizen (that applies to stealth taxes as well)?

    SL is in this situation because of blatant corruption, gross mismanagement & utter incompetence on one family (& their cronies) which controlled 70% of SL economy . Generous kickbacks were the reason for white elephant projects which provided no return. Borrowing at commercial rates were not only lucrative but no questions were asked & any amount was on the tap. We all knew this, yet, the same family was voted in by (9m) stupid voters. The new generation wants the old 225 out but doesn’t that include a handful of JVP parliamentarians as well? The NPP consists of the JVP old guard too, so what is the ‘new’ change you talk about?

    • 8
      16

      Raj-UK
      Your questions have been spot-on, offering a clear glimpse into the realities of Sri Lankan politics.
      Thank You.

  • 5
    20

    IF JANATHA VIMUTHI PERAMUNA(JVP)COMES TO POWER WITHIN 6-12 MONTHS PEOPLE WILL GET TO KNOW THAT THIS IS NOT JVP BUT IT IS REALLY JANATHA VICTIMIZING PERAMUNA AS THEY WILL NOT BE ABLE TO DELIVER THE GOODS AS THEY HAVE PROMISED.

    • 9
      18

      Paragon,
      How do you know for sure?
      Maybe they’ll come up with “Aladdin’s Wonder Lamp”.People dont yet cross question either.
      People are misled somehow. whole lot of People are also born donkeys in human disguise. Please contact Panini Edirisinha for more information. He is a specialist in AKDISM in CT.

  • 19
    13

    “Why did Sri Lanka borrow so much, was there proper accounting of how it was spent, how many of the projects funded by borrowed money actually met the real needs of the country, and who really benefited, are all questions that still remain unanswered.”

    I showed elsewhere that the Maitree/Ranil government was borrowing almost the same amount as Rajapakse on an annualized basis. Anyway, you have to borrow money to grow the economy. That’s how capitalism works. Allying with China is far better than allying with India. India is corrupt to the core. Let’s see if the US can increase its corporate productivity by a factor of 10x via AI to contain its national deficit. If not, the USD may fall by the side of the road and the yuan could emerge as the winner, making Mahinda look like a genius.

    https://static.news.bitcoin.com/wp-content/uploads/2019/10/6kjJRnXo-reservecurrency.jpg

    • 19
      18

      Lester
      You are attempting to whitewash Mara’s image a few years too late.
      By now, everyone is aware of the immense damage that family inflicted upon Sri Lanka. Everyone wishes him dead.
      Please spare yourself the trouble and refrain from continuing.
      Your racist and cussed character is evident, and CT readers find your insensitive views disturbing.

      • 12
        15

        Human Touch,

        MaRa saved the country at the exact moment when Norway was on the verge of dividing it.

        I don’t really care about your opinion. You’re just good at complaining. At least MaRa did something useful. The money he allegedly “stole” has been repaid back 10x in the form of higher GDP.

        Disturbing? Jokers like you can’t think logically, that’s what’s disturbing.

        • 6
          12

          “MaRa saved the country at the exact moment when Norway was on the verge of dividing it”.
          .
          War related Credit should go to CBK administration not to MaRa because late FM Kadirgamar got LTTE banned on any rich soils by 2005.
          .
          MaRa is fake so as his black hair. He acted his political role. Gota s grey hair is the proof.
          .
          MaRa the pimp is good at stealing but not talented to a good politician.
          .
          We know what happened to tsunami funds.The kind of scammers we never had in lanken politics, but lanken media whores are on his side.

        • 7
          0

          Hello Lester,
          Here is a recent Sattelite view of https://www.google.com/maps/place/Mattala+Rajapaksa+International+Airport/@6.2881347,81.1194991,858m/data=!3m1!1e3!4m6!3m5!1s0x3ae6a0ffd2f357c3:0x4f504dac455a700c!8m2!3d6.2913906!4d81.1213571!16s%2Fm%2F09ghjrr?entry=ttu
          I can see one plane (small turbo prop by the size), how many can you find? Did MARA pay off these debts for the Government?
          Best regards

        • 9
          0

          Lester

          ”The money he allegedly “stole” has been repaid back 10x in the form of higher GDP”
          That’s an interesting statement, care to elaborate? If that was the case, how come SL became bankrupt under their watch?
          I suppose when academics like Dr Ali make assumptions blindly, you can be excused for your blind faith of the Rajapakses. MR may have won the war but that doesn’t give him the right to plunder the country. Stealing is not only immoral but criminal as well & when it was against the best interest of the country, it can be called treason & ‘repaying’ with a ‘higher’ GDP, doesn’t absolve the crime.

          • 13
            10

            Raj-UK,

            Here is an interesting analogy for you. Sri Lanka defaulted on a total debt of around $51B USD in 2022. Apple Corps debt for the same year was $120B USD. Sri Lankan debt is relatively insignificant by international standards. The debt itself is just icing on the cake. The main issues are structural – corruption (lack of checks and balances + nepotism), brain drain, decaying institutions, terrorism, high borrowing costs (war) that drained forex reserves. 100% of these issues are related to the civil war. Mahinda’s clan did not begin that war, they ended it (expeditiously).
            Regarding bankruptcy, Sri Lanka ran out of foreign exchange reserves and defaulted on short-term debt obligations. One could argue, this would not have occurred had it not been for COVID-19. Refinancing options were either limited or non-existent for obvious reasons. It doesn’t matter if the Pope had been President of Sri Lanka at the time, the country would have gone bankrupt regardless. The only reason GR became President is because of the Easter Attacks, which put a severe strain on tourism.
            For the record, my argument does not imply that Rajapakses are model politicians. I am simply absolving them of larger responsibility for bankruptcy.

          • 11
            13

            Raj,
            “care to elaborate?”
            I think, by now you know better than to expect straight answers from this nutter.
            The guy is hung up on suicide bombers, Indian invasions, quantum mechanics and meditation, among other things. He’ll oblige you with a rambling “malle-pol” discourse on one of those.

            • 8
              12

              Raj,
              As predicted, a load of irrelevant rubbish from the master of irrelevance.
              In 2022, the ratio of national debt to gross domestic product (GDP) in Sri Lanka increased by 12.8 percentage points (+12.46 percent) since 2021. Therefore, the ratio in Sri Lanka reached a peak in 2022 with 115.54 percent.
              Sri Lanka earned less money than it owed
              Apple’s total net sales amounted to 383.29 billion U.S. dollars in their 2023 financial year, a decrease from the historical record of 394.33 billion U.S. dollars in financial year 2022.
              Apple earned EIGHT times what it owed.
              Who is this guy trying to fool?🤣🤣🤣🤣🤣

              • 11
                9

                Can’t fool ChatGPT (approximate IQ of 155).

                “Irrelevance of Comparison: Comparing a country’s debt-to-GDP ratio with a company’s net sales is fundamentally flawed. National debt and GDP are economic indicators for a country, while net sales represent a company’s revenue. They operate in entirely different contexts and scales, making such a comparison meaningless.”

                Meaningless, just like the three-wheeler that will be replaced by a robotaxi. 🤣🤣🤣🤣🤣

                • 8
                  11

                  “future hangman “Leela”, who wants to hang Mahinda by the “genitals” (his words, not mine”
                  In what way is that worse than accusing another commenter of marrying a prostitute simply because he refused to believe that the Sinhalese had 300 psi pumps in 500 AD?
                  What can be more ridiculous than holding forth about meditation and mind control while indulging in drunken public insults? 🤣🤣🤣🤣

                • 5
                  11

                  Lester,
                  “Irrelevance of Comparison: “
                  You are the one who first brought up Apple.
                  A glitch in your alleged IQ?

              • 6
                11

                OC, it must be green or red apple .

            • 12
              9

              Raj-UK,

              I suggest you ignore the deranged three-wheeler bugger, “Old Codger.” This guy claimed that insider trading is legal, doctors should monitor a patient’s heart via pulse instead of EKG, and Prabhakaran is a “genius.” He has the IQ of an amoeba, all he knows are the latest rumors from “Hiru Gossip.” He has teamed up with the plagiarist “Human Touch” (who is copying and pasting wholesale from ChatGPT) future hangman “Leela”, who wants to hang Mahinda by the “genitals” (his words, not mine) and the scholarship fraud who used his reservation status to get a fake medical license.

              • 8
                11

                “He has teamed up with…….”
                Is it my fault that Lester can’t find anyone to team up with except another escaped loony (also claiming to be of Royal descent) ?

                • 8
                  11

                  “I suggest you ignore the deranged three-wheeler bugger”
                  I really would love to be ignored by Lester. I don’t have much free time to discuss thermodynamics with him. The other three wheeler drivers might think I am some kind of pervert. But how can I ignore a self-important idiot without even a residual sense of humour? Such an easy target.😁😁😁

              • 10
                5

                Lester!
                .
                “I suggest you ignore the deranged three-wheeler bugger, “Old Codger.” This guy claimed that insider trading is legal, doctors should monitor a patient’s heart via pulse instead of EKG, and Prabhakaran is a “genius.” He has the IQ of an amoeba, all he knows are the latest rumors from “Hiru Gossip.” He has teamed up with the plagiarist “Human Touch” (who is copying and pasting wholesale from ChatGPT) future hangman “Leela”, who wants to hang Mahinda by the “genitals” (his words, not mine) and the scholarship fraud who used his reservation status to get a fake medical license.”
                .
                🤣🤣🤣🤣🤣
                .
                But don’t you ever get tired of this sorry lot!?

                • 4
                  10

                  So, Ruchira, when are you assuming the English Throne?
                  Make sure there aren’t any Goigamas lurking under it, not to mention Muslims .

                • 0
                  10

                  You have said enough and more, even a guy with fake license can tell your chief complaint history of presenting illness, past history, substance history, personal and family history, current mental status , DIAGNOSIS, and prognosis.

                • 10
                  6

                  Ruchira,

                  “But don’t you ever get tired of this sorry lot!?”

                  They will get tired of themselves eventually and self-destruct, “Mission Impossible” style. What you said before; a bunch of them are probably ex-LTTE conducting spy ops. I would not be surprised if “Leela” and “Rohan” (these are just code names) took part in battles (or planning) such as Elephant Pass. The level of brainwashing exceeds what is possible for normal individuals. Leela speaks good Sinhala; he/she must have been in the intelligence wing of the LTTE. After the war, escaped to Germany.
                  The most dangerous one is the “Scot.” It could be Pottu Amman himself. SLA never recovered that bugger’s body. The “Kandy” story is just a cover. Never believe what people write on the anonymous web, without doing due diligence. There are men hiding as women, adults posing as children, JASI’s posing as Europeans, etc. A digital shootfest. I advise you to be careful on this website as well as others.

                  • 6
                    11

                    Sure , be very careful because paranoia is catching up or is it just trying to reinforce some one else delusions. Next thing will be T.V and radio giving messages or broadcasting own thoughts. There are sick people and then there are scums, taking advantage of them.

                  • 4
                    11

                    Lester
                    “There are men hiding as women, adults posing as children, JASI’s posing as Europeans, etc. A digital shootfest. I advise you to be careful on this website as well as others.”
                    What about refugees expelled from the US , now living alone in a jungle in Sri Lanka, but claiming to “live in UK”? You may be able to fool other nutters like Queen Ruchira, but nobody else. At least I have a steady income with my tuk tuk. What WAS the use of that expensive private “education ” you had? At least invent a new AI fly trap.

              • 2
                11

                What the B____s is EKG????

                • 0
                  11

                  Mahila EKG is American way of saying ECG.

        • 15
          7

          Lester
          You pretend to be wise by commenting on diverse issues, but the long and short of it is that you are simply a foolish old man who doesn’t use rational thinking to analyse issues, rather you are a Sinhala chuvonist who has a one track mind that is closed off.
          Anyone who speaks the truth about Mara is illogical according to you.
          Let me ask you a simple question, if Mara saved us from destruction then why did he steal? Why did he put his entire family and friend into high government positions? Why did he encourage corruption?
          To me that looks like a very selfish self serving acts that negate his war efforts, besides it was Sarath Fonseka who led the war not Mara..
          His intention was always to enrich himself and his family. He is a traitor who will sell his mother for a penny. That greedy bastard.

          • 6
            9

            HT,

            Many that supported SLPP have turned to JVPrs. How come. That prove people are real modayas.They don’t seem care anything but act by their emotions. No matter the consequences would be trying get by next “Rallata ahuwenawa”. We need more work shops guiding how to use how they could use their 🧠 brain. Main stream Media should act for common good, they instead seem to be busy with ” club wasantha murder” or how underworld work etc. 🤔

            • 8
              11

              “All politicians and corporations lie and steal,”
              But all countries are not bankrupt.
              Some facts:
              Tamilnadu is more corrupt than Sri Lanka
              Tamilnadu also was locked down due to Covid
              Tamilnadu is not bankrupt
              Sri Lanka is bankrupt.
              Sri Lanka has a 2500 year old irrigation system.
              Tamilnadu doesn’t, and has much less rain.
              But Tamilnadu sent food relief to Sri Lanka.
              What’s the difference?
              Rajapaksa, Rajapaksa, Rajapaksa, Rajapaksa, and Cabral vs MK Stalin
              .
              “but a company like Apple spends $100M on just share buybacks. This lets them pump the share price artificially (MC/OS). They then cash in the stock options for millions at a time.” Malle pol malle pol malle pol. Malle pol Malle pol malle pol malle pol. Malle pol.

          • 12
            12

            “if Mara saved us from destruction then why did he steal?”

            You live in a bubble. All politicians and corporations lie and steal, to a certain extent. More than 50% of US politicians are millionaires. They have at least 200 days off work. Health insurance for life. Lifetime pension. Approximately 25% to 30% of UK politicians are estimated to be millionaires. It’s actually far worse in corporations. Big banks, politicians, and insiders work together to manipulate stock prices. I don’t want to spend too much time explaining to a bankrupt coconut farmer, but a company like Apple spends $100M on just share buybacks. This lets them pump the share price artificially (MC/OS). They then cash in the stock options for millions at a time.

            “Why did he encourage corruption?”

            Where is your proof? Did he tell you personally?

            ” it was Sarath Fonseka who led the war not Mara.”

            Fonseka is a good general, nevertheless he had to get permission from MaRa on certain matters and coordinate with GR.

            • 7
              11

              ONE DOESN’T NEED A new RECORD BOOK, TO BECOME ‘UNTARNISHED’!!!??? Ananda College and Thurstan College, stand as sentinels to Prove what happens, when by Parental Intervention, “ROGUE MYNAH OR SHOWING THE MYNAH”, is given A COVER and “New student Record” at Issipathana College!!?? The same game continues in a “NEW MYRIAD”, NOTHING ELSE!!!??? NOTHING SINISTER AS SEEN BY THOSE CLOSEBY IN NEW SCENARIO, BECAUSE ‘NEW RECORD BOOK’, has replaced the OLD!!!??? That’s about the “flagging of the Mynah” in 3 leading schools (Definitely WASN’T tolerated by upright PDS Kularatne, WHO INITIATED ‘THE PARADE’) but with DIMINISHING STATURE of School Head thereafter, who is forced to relent and accommodates the ‘Nonsense of KID’, parented by a Legislator of the 1956 government of Pancha Maha Balavegaya!!??
              Then we have the Tsunami of 12/2004!!!??? What happened to 90+ Million donations for Victims’ relief!!!??? Went into ones’ Personal account at Nawala Bank!!!??? Information leaked out (No, “Henchaiyas”, hangers-on, prevent the leak like in 2010 – 2015)!? Well, not outdone, as his saviour was to hear his version, otherwise than in Judicious manner (2005), ACQUITTED HIM of Felony/Misdeeds, enabling contest PE 17/11/05!! NIDHAS!!?? REST IS HISTORY!!??
              Why Wonder, then, “WORLD doesn’t accept SL Jurisprudence”!!!???

            • 4
              0

              Lester

              Did MR save us from destruction? I believe he was instrumental in causing it. If you are convinced MR & family did not benefit financially while in office, then, they are a bunch of extremely stupid yobs who had no clue in governing a country & should never have been voted into Parliament by people like you. If the Inland Revenue Services is given the power to investigate, & under a dedicated team, there will be enough proof to lock them up for unaccounted wealth.

              America may have its millionaire politicians & some may be opportunists like Trump but there were also decent people like Obama & McCain, who, unfortunately, didn’t have a second chance for Presidency.

              A CEO is responsible for providing a good return for the shareholders but insider trading is illegal & the Securities Commision keeps an eagle eye on ‘pumping & dumping’. In comparison, millionaire SL businessmen do just that & able to launder money by investing in the stock market with no questions asked, enabling them even to make hostile takeovers of blue chip companies.
              Cont.

              • 4
                0

                Cont.
                As for UK politicians, many Tories are from privileged backgrounds & had successful careers before entering politics. Even Labour & Lib. Dem Politicians who have come from humble backgrounds are well educated with clean track records. They all took up politics for the prestige & honour, not for the money, unlike the majority of SL politicians. UK MP’s don’t have special privileges, nor vehicles or bodyguards, & all pay tax & contribute to the pension scheme, just like normal citizens.

                The head of state is responsible for the strategy & leadership of any armed conflict, therefore, the buck stops with the President but SF was responsible for maintaining discipline within the Armed forces & he hasn’t done a good job.

                • 10
                  6

                  Hello Raj-UK,

                  This is my point. There is corruption everywhere (ask Nancy Pelosi or Raj Rajaratnam) but the impact is much greater in a developing country like SL because it doesn’t have much of a middle class. Locking up Rajapakse will not solve the fundamental problem, which (in my opinion) is the brain drain. The percentage of millionaires is much greater in the USA compared to Europe as a whole. There is this enterprise called “Silicon Valley” which is able to generate massive boosts in productivity for the US economy as a whole. Silicon Valley is facilitated by the best minds (high IQ) from all over the world. Sri Lanka needs smart people who can generate revenue. Locking up Rajapakse is not a move in that direction.

              • 4
                11

                Raj,
                Here is a an undeniable and fully documented case of Rajapaksa corruption:
                https://www.colombotelegraph.com/index.php/rajapaksa-sons-among-top-15-shareholders-of-ascot-holdings/
                How did two schoolboys make that much money? I am sure Lester will say they are very clever businessmen.

              • 10
                4

                Raj UK,

                “Did MR save us from destruction?”

                Yes. You cannot fight a war indefinitely. Had CBK remained as “President” for another 5-10 years, something would have broke in the system. At that point, you would have had anarchy (much worse than bankruptcy) in the South, and some kind of foreign intervention, followed by division along ethnic lines. Look at Iraq, Syria, Yemen, Korea, and Yugoslavia. That is the direction Sri Lanka was headed in. A Tamil ethnostate in the North, ruled by thugs, separated from the South by some kind of DMZ structure and monitored by UN Peacekeepers. Remember, CBK was already crying to the Indians for help when the LTTE was on the verge of capturing Jaffna in 1995.

          • 10
            11

            HT,
            “Let me ask you a simple question, if MaRa saved us from destruction, then why did he steal?
            Why did he put his entire family and friend into high government positions?
            Why did he encourage corruption?”
            BECAUSE, end of the war was the BEST OPPORTUNITY OFFERED AND AVAILABLE for him to do the Ulterior DEED, as the people would be ROUSED OF ANY SUSPICION!!!??? RIDING THE CREST OF POPULARITY AS SAVIOUR!!!??? NONE WOULD SUSPECT – EVEN IF BILLIONS WERE SEEN GOING INTO HIS ACCOUT OR TILL!!???
            HOW COULD ANYONE SEE OR SEEN HIS BAD DEEDS??? ALL HIGH POSITIONS WERE OCCUPIED BY HIS KITH, KIN, ‘Hangers-on’, and followers!!!??? Made sure NO LEAKS, anywhere visible!!!???
            People who cooperate in stealing, would hardly ever “dob” the leader??? Would they!!!??? So, he gave to all, AND GOT ALL those HANDS too tainted, for his benefit AND ESCAPE!!!??? “ENSURE NO LEAKS AMONGST THE ROGUES”!!!??

    • 12
      11

      Lester,
      “Making Mahinda looks like a genius.”!!??
      Undoubtedly, he is outstanding in all spheres, including showing the Mynah, and was upbraided from when he was 6 or 7 and also sent home from 2 predominant schools almost 70+ years ago!!!??? He is unique without Doubt, NONE OTHER COULD EVER MATCH!!?? HOORAY!!!???

  • 8
    20

    “ RW as the best man for the job are strategies dominating the political arena.”
    Those who are living comfortably at present do not want any change to the way they live and operate. They are afraid of change that will be brought in by JVP-NPP. Those who are affected by the Economic (&all other) CrIses wants an END to current and past RULERS.
    The suffering lot can only place their HOPES on AKD ( NPP). Our 2015 hopes were dashed by RW + MS.
    Victims of State Terrorism over the 7.5 decades too need to be compensated as well.

    • 11
      15

      Naman
      Can you honestly name five positive contributions AKD and the JVP have made to Sri Lanka’s progress? Despite holding significant government positions for years, I haven’t witnessed any exceptional achievements from them.
      Their forte seems to lie solely in criticizing others, which isn’t a practical skill they’ve put to any constructive use.

      • 5
        15

        HT,

        “Can you honestly name five positive contributions AKD and the JVP have made to Sri Lanka’s progress? “
        I repeat the same Can you honestly name five positive contributions RW and Rajapaksa Family, the UNP/SLPP have made to Sri Lanka’s progress from a healthy economy to bankrupt economy after 70 years of experience?

        • 5
          13

          Ajith,
          .
          Were u perhaps in a dementia ward since July 2022 until present?
          .
          Why u guys can’t attack the Rajapakses alone ? 😤.
          .
          So long u the ilk fail to differentiate it, how can ever dream of a “real change ” ?

          • 1
            12

            Leela,
            I may have to see you in a dementia ward where you have admitted for selective dementia. Ranil Rajapaksa is also in the same ward.

        • 2
          0

          Ajith

          I agree that the Rajapakses & their cronies made a dog’s dinner of the economy but I can count 2 recent contributions by the UNP & Ranil. The first is the free ambulance service which the UNP, as a party, instigated, for which there was much opposition, particularly, from the GMOA . Did the JVP, the champion of the downtrodden, support the govt. on this valuable service? The second is the current state of the economy, which may not be all that good, but certainly an improvement from the shortages & queues for essential items. In the absence of anyone else coming forward with a better plan, I think RW deserves some credit. What do you think the plan of AKD & NPP/JVP if Ranil did not step in for better or worse? Can AKD/JVP claim any positive contribution so far in politics?

      • 5
        0

        Human Touch

        Agree with you.

        Dr Ali has been playing the same song with different words. In my understanding, it is just wishful thinking of better times ahead under NPP based on assumptions because there is no critical analysis of NPP objectives & strategy. We want the politicians who have been sucking the blood of the country held accountable but what is the much hyped ‘system change’? Aragalaya demanded all current politicians out but that would include the handful of JVP MPs who are in the NPP as well. Labour in UK campaigned on ‘change’, from conservative policies to labour policies, so, is the NPP ‘system’ change from liberal to Marxism?

        Listening to the NPP womens’ front leader some time back put me off the NPP completely because it had no substance & if that is the case with the rest of the 20 or so coalition groups of the NPP, may god save SL if the NPP comes to power.

        • 1
          0

          Raj,
          .
          “it is just wishful thinking of better times ahead under NPP based on assumptions because there is no critical analysis of NPP objectives & strategy”.
          .
          JvP led NPP would be good to rule this nation in a decade or so.
          I expected main stream media would clear it to NPP.. Unfortunately nothing seems to be moving in that line yet. Usual allegations at others by AKD continue…..😁😁😁

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