20 October, 2020

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Folk Tales & Fairy Tales

By Sarath de Alwis

Sarath de Alwis

Sarath de Alwis

Anniversaries are important. They help us recall events of history associated with experiences that hold some resonance and meaning for us. Anniversaries subject us to merciless, unforgiving scrutiny of hindsight. Hindsight is good at pointing to where we erred. It helps us to learn the truth about what we thought we knew. Yet, it does not tell us where we should go. So, these are meandering thoughts. Power can be good. Stupidity is harmless. Together it is a catastrophic.

Living with pipedreams, unheeding events unfolding in a surprisingly different manner and pace not anticipated has a crippling cost. On 8th January 2017, two years after the event, we arrive at the terrible discovery that what was bad before has become worse. Readers should forgive the folksy approach in identifying the main characters of this narrative.

This is the second anniversary of dislodging autocratic ‘Appachchi’ and entrusting the care of our land to a soft spoken ‘Gamarala and an all knowing Mahadena Muththa.’ Early in the business, Mahadenamuttha assured us that his word was as good as a sovereign bond.

We live in a new age of folk tales. Readers should forgive the folksy approach in identifying the main characters of this narrative. We hear tales of Volkswagens, ‘Senocking’ at the door of progress, promising plenty.

The pumpkin carriage carrying vestal virgins of good governance to the grand ball of Mr.Clean will have wheels made in Horana by the phantom owner of the Mariette hotel. Apparently its courtyard accommodates an oil well that pumps Dollars. The earlier story was that the Dollars of the illusive phantom were those stashed away by Appachchi and his clan. Now we know better. BOI stands for Bogus Offshoring of Investments.

The original Mahadenamuththa had five ‘Golayas’ henchmen. Indikatu Pacha was needle shaped. Pol be Moona had a face that resembled a half coconut. Kotu Kithaiya was thin as a stick.  Puwakbadilla was Areca-nut had a brain the size of an Areca-nut. Rabboda Aiya was fat and was the matured of them all.

At this point it is necessary to assert the ‘all persons are fictitious disclaimer’. All characters referred to herein are imagined by this writer who according to his shrink is nearly bonkers, overtaken by remorse for voting for the common candidate on 8th January 2015. In today’s reality, at the age of seventy four, going insane is the wise option. So, any similarity to actual persons or events is purely and absolutely coincidental.

Let us survey the world of contemporary Mahadenamuththa. Needle sharp Charitha is the trusted ideologue. Pasky   the fixer sporting the grin of a half coconut is good at scraping. Stick like stickler is calling cops to prevent arrests. A one stop super shop for milking is buddy badilla’s dream. Rabboda aiya squats on standing orders, ever willing to defend the indefensible.

This is a conversation about sanity and madness. It is about our politics and governance gone mad. What is crucial in this conversation are the values and judgements of people whom we entrusted with governance in January and August 2015. For the purpose of the rest of this essay, sanity is presumed to be normality and madness is identified with abnormality. Something abnormal has happened with the reorientation exercise of the national airline.

In July 2016, a wholly owned subsidiary of the National Savings bank – The NSB Fund Management Co., Ltd solicited expressions of interest from parties to reorient the national carrier Sri Lankan airlines. It is best to be precise. The circulated document informed prospective bidders interested in reorienting the airline [whatever it meant] as follows.

“We request interested parties to respond with their Expressions of Interest (‘EOI’) via e -mail by 4pm Sri Lankan time on August, 24th , 2016 to the below contact. A hard copy of the EOI, is also to be couriered to the below address thereafter. NSBFMC will contact shortlisted parties who have expressed an interest in the Transaction to discuss the process further.”

The dead line was subsequently extended by a few more weeks. The EOI further informed the bidders the following. “To ensure that the Transaction is executed in a timely and efficient manner, NSBFMC has appointed a team of advisors. BNP Paribas (“BNPP”) and KPMG (“KPMG”) have been appointed as the Financial and Transaction Advisors, while FJ&G de Saram (“FJGS”) and Milbank, Tweed, Hadley & McCloy LLP (“Milbank”) have been appointed as the Legal Advisors. KPMG has retained Centre for Asia Pacific Aviation (“CAPA”) as technical and market specialist for this Transaction. The Attorney General’s office will overlook the interest of NSBFMC and GOSL in relation to this Transaction. For any enquiries on this Invitation for EOI and the process, please direct your questions via email to the NSBFMC contact below, who will then contact you directly or arrange for one of the advisors to contact you.”

On the same day 23rd July 2016 Minister Kabir Hashim explained the logic of the invitation for bids to reorient the national carrier. The Sri Lankan tax payers had paid out 80 million dollars (about 11.7 billion Sri Lanka rupees) to bailout state carrier Sri Lankan Airlines which has been making losses since ex-President Mahindra Rajapaksa reversed a privatization, he said. The 80 million dollar subsidy had only managed to   cover “oil and old bills”.

The Deputy State Enterprises Minister Eran Wickremeratne said though it was considered a nice thing to have the Sri Lanka flag flying through a national carrier ordinary citizens who never travelled by air were paying for it every time they went to the shop (kadamandiyata yanakota) to buy goods through sales taxes.

We do not know how many serious proposals were received by the NSB fund management handling the transaction. No doubt with the help and assistance of the team of advisors consisting of BNP Paribas, KPMG, FJ&G de Saram and Milbank, Tweed, Hadley & McCloy LLP together with the Centre for Asia Pacific Aviation the lead manager would have evaluated all bids and shortlisted the final three bidders who were to meet a cabinet subcommittee.

Who are the three finalists vying to manage our national airline? The Sunday Times of 4th December 2016 provides the information.

The Sunday Times reported that the shortlisted parties will be spoken to by a committee appointed by the Cabinet. Depending on the outcome of the meetings, a recommendation will be sent to the Cabinet Committee on Economic Management (CCEM). The parties short listed are Super Group Partners, Peace Air and Texas Pacific Group or TPG.”

Earlier on, I warned readers that this is a conversation about sanity and madness. One of the three shortlisted bidders is Peace Air owned by a Sri Lankan businessman Gamini Weththasinghe. His airline ‘Peace air’ has no Air Operators Certificate from the local civil aviation authority. Wikipedia lists Peace Air of Sri Lanka as one of Asia’s defunct airlines.

Peace Air Sri Lanka is one of three finalists shortlisted by this government that excels in good governance. His bid document contains an introduction by the Late Governor of the Western Province Alavi Moulana who describes Mr.Wettasinghe as the son in law of the daughter of the late William Gopallawa former Governor General and later President. Credentials that may have surely impressed the professional consultants hired by NSB fund management. There follows a synopsis of the offer – titled ‘The offer at a glance. Dear reader, you are again reminded of my earlier warning. In a world gone made the sane run the risk of being branded as insane.

Please read on Page VI of the first bid document:

“Srilankan Airlines engaged Nyras, a British Aviation Consultancy company, which recommended to create a New Zero Debt Balance Sheet. This is accepted by us. We will pay the Full Amount of US $ 1000 Million towards this Debt to the Government of Sri Lanka GOSL to create a debt free Srilankan Airlines and Mihin Lanka Airlines.

Willing to Buy up to 70% of Shares in Srilankan and even 90% of Shares in Mihin Lanka Airlines and buy 100 % of Shares in Srilankan Catering Facility. We Offer a further sum of US$ 250 Million for both Airlines and Catering Facility.”

The Bid offers to increase the Fleet up to and in excess of 50 Air Craft. The new destinations it hopes to add will include 5 destinations in Africa, 5 destinations in Australia, 5 destinations in China, 10 destinations in India, 5 destinations in Europe and 6 destinations in Asia/ Far East. These Flight Operations will create the Desired Hub and Sri Lanka will become a Mass Tourism Destination. The bid document suggests that ‘Lufthansa Consulting’ and ‘PrivatAir’ will Corporate with PeaceAir in this venture.

The pièce de résistance of the whole business appears on page 172 of 179 pages of pure unadulterated balderdash.

“Our Funds are available to be remitted immediately. To do so we need the Award Letter given to us. The Award Letter is then sent to Bank of Ireland, with written instructions. Then, the Bank of Ireland will immediately release Funds as per the written instructions given to them by PeaceAir.

We have also been told that we will be given an opportunity to negotiate with the Government of Sri Lanka to come up with the Final Terms and Conditions to Close the Transactions. Shares and Debentures will be issued when payment is made to the Government of Sri Lanka.” Here is a man who declares to have parked a billion dollars in the bank of Ireland awaiting his instructions.

I am mad. Since I am mad, it occurs to me that any mad man would have asked from where he found his loot of a billion dollars. Sane people don’t ask such stupid questions. This government has very sane people who shortlisted the bid of a grandson in law of a Governor General and Former President. Claiming kinship with a Kandyan potentate seems a good substitute to a reference from Forbes or Bloomberg. Or, is there another link?

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Latest comments

  • 1
    1

    Looks severe madness. Are we citizens of Sri lanka being treated as jokers?

    • 0
      2

      More like Pumpkins mate..

      • 2
        2

        Good one Sarath! Thanks!

        The aquatic and marine resources of Sri Lanka are being sold to China for a song by the corrupt Ranil-Sira jarapalanaya govt. today, and will have deadly and lasting consequences of loss of livelihood and destruction of fisheries communities if it is not stopped.
        Ranil’s economic team is lazy and brainless and should have developed a mechanism to develop the Hamabantota port themselves.

        Now with a 99 year lease, Chinese fishing trawlers will soon be operating from Hambantota port causing worse damage than the Indian bottom Trawlers to the livelihoods of eastern and southern fishers.

        The fisheries communities must OPPOSE the sale of Sri Lanka’s marine resources and fish stocks to China. This will destroy the livelihoods of the fisheries communities for good.

        The story of the Hambantota Chinese debt trap that was started by Mahinda Jarapassa and exacerbated by Ranil-Sira Jarapalanay exemplifies the bi-partisan corruption of UNP and SLFP politician that have collaborated to enrich themselves at the expense of the increasingly beggared and impoverished common people of Sri Lanka

  • 4
    5

    Nyras sounds even better than the Nigerian email which is trying to deliver the USD 50 Mil to my bank account, which one of my bachelor uncles left in his will, after he crashed his Porshe on an Auto Bahn.

    Thanks Sarath Aiya for your hard work to educate the Yahapalana Suckers, who are not in the UNP Elite, Anglican , Vella and Wahabi Faction.

    BTW, which one is Ra Bada?.

    • 3
      0

      KAS – Rabada is a South African bowler.

  • 0
    5

    Will the Sinhala Buddhist Faction of the UNP rise against Batalanada Rail and his band of crooks who are ripping off the Nation big time and bringing economic carnage to the country?.

    CB heist by Batalanada Ranil’s mate pumped LKR 5 Billion to Mahendran’s Family outfit in just 12 months.

    Aloysiuos is now buying Swarnawahi as the media outfit of the UNP Elite , Anglican and Vellala Faction.

    Kurundu Polu Samre’s nemesis Maithree Gunarathna openly declared that Batalanada Ranil and a band of crooks are running the show to line up their pockets.

    And demanded that Bodhi Sira whip Batalanada’s ass and take charge before more carnage comes to the South,

    This was after Galeon Ravi sent his Pathalaya UNP grassroots to clobber the Buddhist monks and the poor villagers who are getting evicted under China ETCA.

    The nemesis of China , Batalanada Ranil begging from the Chinese is not usual Don’t you think?.

    After beating Hambantotians , Batalanada Ranil declared that he is going to create South Western Economic Zone?.

    Is he promising more assembly plants this time with Porsche, Audi and Merc ?.

    The only solid opposition to Batalanada giving Vella Tamils the North and the Wahabis the East comes from the South.

    Is this the Batalanada Plan for destroying the South for good?

    Has Maithree Gunarathna realized it?

    Where is Keselwattae Kid?.

    • 4
      0

      KASmaalam K A Sumanasekera

      “Will the Sinhala Buddhist Faction of the UNP rise against Batalanada Rail and his band of crooks who are ripping off the Nation big time and bringing economic carnage to the country?.”

      Good idea, another Pancha Maha Balavegaya this time green and remember we are yet to recover from the first blue Pancha Maha Balavegaya.

      What had happened to the Nugegoda man whom you thought would unshackle the Southern Dalits from Vellala, Anglican, Protestant Buddhists, UNHRC, Norway, Hindia, USA, Europe, …. and Batalanda?

      • 0
        0

        Dear Native,

        Only man I know is Balangoda man who gave us this Buddhist land.

        • 2
          0

          KASmaalam K A Sumanasekera

          “Only man I know is Balangoda man who gave us this Buddhist land.”

          Have you met the Balangoda Man in your entire life?

          Was the Balangoda man (30,000 BP) started Buddhism before Buddha?

          What has Balangoda man got to do with you?

          Weren’t your ancestors came from La La Land or South India?

          You should sober up before starting to knock your keyboard.

  • 0
    2

    For how long do people have to tolerate this bulshit?

    • 4
      0

      srinath gunaratnam

      “For how long do people have to tolerate this bulshit?”

      Whose BS are you talking about?

      Please note we have been very tolerant of yours for many months.

  • 5
    0

    Mr Sarath de Alwis,

    Don’t be so cynical!

    Look on the bright side and learn to count our blessings.

    I say, the greatest achievement of this “government” is bringing back the presidential-term limits – learn to be grateful that the people who helped to discard limits realised their mistake and had the “insight” to rectify it even after 7 years. Now, it has done it’s duty; it can dance Baila for the rest of it’s term. All other expectations of the people is for the next “government” to fulfil.

    We are Lankans, this is how we do things. We do things slowly, one step at a time.

    Remember, after all, Rome wasn’t built in a day.

    What would Sri Lanka be if there were no Lankans?

    Sitting here, just thinking about it, blows my mind.

  • 0
    0

    “Power can be good. Stupidity is harmless. Together it is a catastrophic”
    Brilliantly put!

    I also loved the Folk Tale analogy.

    “This is a conversation about sanity and madness. It is about our politics and governance gone mad. What is crucial in this conversation are the values and judgements of people whom we entrusted with governance in January and August 2015.”

    We can only hope that this type of insane governance could be remedied, although this type of wishful thinking is familiar to those of us who
    “On 8th January 2017, two years after the event, we arrive at the terrible discovery that what was bad before has become worse”.

    Well, maybe not “worse”, but it is certainly trying hard to compete!

  • 2
    0

    Our brand new CB Governor who has vast experience can comment on this offer.

    Of course the Ten Percent – now may be more – will be there for the Not Mad bureaucrats/politicians/helpers etc.
    The mad citizens will ultimately pay – as happens always.
    P.S
    I have a mad idea – why do we need an airline?
    For official trips, use chartered aircraft – one or two are enough.
    For pleasure trips, there are many airlines flying through Katunayake.

  • 0
    1

    This comment was removed by a moderator because it didn’t abide by our Comment policy.For more detail see our Comment policy https://www.colombotelegraph.com/index.php/comments-policy-2/

  • 1
    4

    Sarath aiya has arrived at a Newtonian discovery: “two years after the event, we arrive at the terrible discovery that what was bad before has become worse.”

    I feel like an Einstein.

    Soma

  • 3
    0

    Mr. Alwis,

    “The pièce de résistance of the whole business appears on page 172 of 179 pages of pure unadulterated balderdash.

    “Our Funds are available to be remitted immediately. To do so we need the Award Letter given to us. The Award Letter is then sent to Bank of Ireland, with written instructions. Then, the Bank of Ireland will immediately release Funds as per the written instructions given to them by PeaceAir.”
    This reminds me of those emails from Nigerian scammers who want our details so that they can remit to us zillions in black money in exchange for a small upfront payment.
    Yes, we are insane.

  • 2
    0

    Wettasinghes were never known to have run any successful Business either in Sri Lanka or overseas regardless of whats being self claimed.All of us know what happened to all such local ventures where they got involved.

    So the the Million (or Billion) Dollar question is,where or how did they amass that much of Money to invest in Sri Lankan Airlines ?

    It is either they are a front for some Black money belonging to someone else( ???) or like the self acclamation of the writer,simply INSANE and suffering from hallucination

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