20 April, 2024

Blog

Ranil’s Gestapo Police Exposed In Supreme Court

By H. L. D. Mahindapala

H. L. D. Mahindapala

H. L. D. Mahindapala

President’s Counsel, Romesh de Silva’s brilliant analysis of the politically manipulated Police unit investigating financial crimes confirms that the “My-3 regime” has created an illegal arm of the Police to pervert justice. His submission to the Supreme Court, has unerringly alerted the public to the Gestapo role of the Financial Crimes Investigation Department (FCID) – the newly established Police arm of the National Executive Council (NEC) which blindly follows the orders issued by the Prime Minister without any checks to restrain his arbitrary and politically motivated decisions taken against his opponents. Counsel Romesh de Silva’s meticulous description of the FCID debunks the inflated claims on which Yahapalanaya was marketed to the people on January 8th , 2015. His revelations blasts the political myths of the Yahapalanaya (good governance).

For instance, the FCID is empowered to summon individuals and remand them on politically motivated charges. This Police unit uses flimsy, untested evidence to remand mainly those in the opposition. Detailing the anti-democratic characteristics of the FCID that threaten liberty and fundamental rights, Romesh de Silva told the Courts that (a) already ten people who were summoned by the FCID have been arrested; (b) the FCID was created by a Cabinet decision on January 15, 2015 (c) the Cabinet had no legal powers to decide on setting up a new police division (d) the Gazette notification, which contained only four paragraphs, was illegal and was politically motivated from the inception (e) the IGP could not transfer his powers to the Cabinet of Ministers to establish another arm of the Police to investigate and arrest people (f) an instrumentality like the FCID, which is ultra vires, could not arrest people. (g) the investigations were carried outside the available police powers and (h) this unit is headed by the Prime Minister, Ranil Wickremesinghe, who is also a Vice President of the International Democratic Union committed to uphold the highest liberal democratic traditions and fundamental freedoms.

Opposition leader Ranil Wickramasinghe listens to journalists during a National Council coalition party news conference in ColomboCounsel Romesh de Silva revealed this in defending Gotabaya Rajapaksa who had been summoned by the FCID with the hidden agenda of arresting him.. He told the Supreme Court : “The Cabinet Spokesman had recently said that the National Executive Committee had directed the Financial Crimes Investigation Division to arrest the petitioner on an alleged false accusation. The Cabinet Spokesman’s statement had been published in ‘Dinamina’. It had not been denied. The gazette which created the FCID was ultra vires. Everything that flew from that Gazette was ultra vires. The gazette was politically motivated. The gazette enabled a police division to investigate crimes subject to cabinet decision. Hence, a new police division was set up subject to cabinet supervision. Only the IGP was empowered to investigate crimes. He could not be subjected to Cabinet decisions. (The Island – 13/5/2015).

The inescapable conclusion arising from putting Counsel Romesh de Silva’s statements together, points to the fact that Wickremesinghe has set up an illegal police arm to victimize his political opponents. People who are summoned by the FCID seldom go home. Of the many complaints received, it is Wickremesinghe’s NEC that picks and chooses the allegations that are sent to FCID for investigation. Some of the allegations picked up by the NEC for the FCID to investigate are based on anonymous letters. Example: the allegation that Marriot Hotel in Dubai, is owned by President Mahinda Rajapakse, which has been flatly denied by the ex-President, was based on an anonymous letter. Looking for evidence to substantiate this allegation, like the allegation that the Rajapaksa regime has stashed away 18 billion in offshore havens, is not like looking for a needle in a haystack. It is so huge that it would not be difficult to find the evidence, if true. In the absence of hard evidence Wickremesinghe’s FCID pursues allegations, picked from here, there and everywhere, to blacken the image of his political opponents.

FCID is a part of the Wickremesinghe’s propaganda machinery to create headlines, partly to denigrate the image of the Rajapaksa, partly to boost the image of Wickremesinghe’s failed politics and partly to create a climate of fear. He failed in delivering the promised nirvana in 100-days. So he generates headlines against his opponents by sending them to remand through an illegal arm of the Police which has no powers to arrest people.

So far the anti-Rajapaksa headlines manufactured by Wickremesinghe’s propaganda machine, have been humongous. But the facts are scarce. Can justice be delivered on monstrous propaganda? The entire rationale on which Yahapalanaya was marketed to the people was that it would make a “difference”. The “difference” promised was rule of law. But how can there be rule of law when its Gestapo police is engaged 24/7 to pursue its political opponents on hearsay? Has rule of law become the rule of Wickremesinghe, with Wickremesinghe turning into a wild witch-hunter? Why is NEC picking only those allegations that are considered favourable for the retention and extension of Wickremesinghe’s power?

To arm an overarching political body like the NEC with a handpicked police team, operating outside the law, is a serious threat to the fundamental freedoms of all citizens. The fact that it is headed by the Prime Minister makes it more sinister. It also means that a Cabinet sub-committee headed by Wickremesinghe has grabbed Police powers which can be exercised only by the IGP. But through FCID Wickremesinghe is acting both as the Prime Minister and the IGP simultaneously. Under what principle of Yahapalanaya can the Prime Minister run an arm of the Police, established outside the legal framework of the Police force, to hunt and remand political opponents?

The FCID goes into action expeditiously, summoning members of the opposition and remanding them, shortly after the allegations are handed over by Wickremesinghe’s Cabinet Sub-Committee. This instrumentality is reminiscent of the Star Chamber – a medieval instrument of political oppression and suppression used by ruling royalty to silence dissenters. In the medieval period, when Europe plunged into the Dark Age, the Star Chamber developed into a law enforcement authority with powers to deal with the socially and politically powerful who could not be convicted by the lower courts. Counsel Romesh de Silva’s detailed description of the NEC brings to mind the time when the notorious Star Chamber abused power to retain power. The NEC has engaged in similar exercises of handing over selected political opponents to the FCID who are then summoned for questioning and sent arbitrarily to the remand prison on flimsy evidence without due process.

To counter this, it is likely that the pro-Wickremesinghe kalliya will argue that the Rajapakse government too committed similar violations of the law. But that is to argue that two wrongs can make a right. Besides, the January 8th mandate for good governance was to uphold the rule of law and not to establish an illegal arm of the law to enforce Wickremesinghe’s law. The primary criterion on which Wickremesinghe’s FCID should be judged is the solemn promise given by President Maithripala Sirisena that rule of law will prevail in dispensing justice. The valid answer to this issue is not to point a finger at the Rajapakses to divert attention from Wickremesinghe’s perverse politics but to explain how and why the mandate of the people to establish a “Yahapalanaya” (good governance) is being violated so aggressively and contemptuously by Wickremesinghe. The silent endorsement of President Sirisena who religiously promised not to do what the Rajapakses did makes him also a partner in the crime of establishing an illegal arm of the police to pursue political opponents. Is this the best that Sadhu Sirisena’s political nirvana can offer the people who voted for him?

Fortunately, the Supreme Court intervened and stopped Wickremesinghe’s attempt to arrest Gotabhaya Rajapaksa. This frustrated Wickremesinghe’s plan to project the pretentious image that he is Mr. Clean running a squeaky clean administration. But nothing that he does can wipe out the mega-million scandal of his protégé, Arjuna Mahendra. Putting the Rajapaksa behind bars is not going to make him look clean. He will be judge by his own performance which has been so far to protect the “James Bond of Singapore” who is responsible for the biggest financial scandal in the history of the Central Bank. Wickremesinghe’s current political tactic is to cover-up his sins by rounding up the Rajapaksas and their allies and handing them over to the FCID. The “My-3” regime won on Janaury 8th by demonizing the Rajapaksas. He is now forced to survive by demonizing them further. But to do that he has to clean his stables before he goes to the next election coming round the corner. This is not going to be easy given the short deadline for election. Besides, he has exhausted his slogans and goodies he could offer to the electorate to create the feel-good effect for him to win. So he uses an illegal instrument, which doesn’t have police powers, to send his political opponents to jail and immobilize them, hoping to capitalize on the negative publicity diffused by jailing his opponents. .

He also needs these anti-Rajapaksa headlines to cover-up monumental blunders of importing Arjuna Mahendra, a foreigner from Singapore, to head the Central Bank, and R. Paskaralingam, another foreigner from UK, to run the Treasury. Paskaralingam is another relic of Wickremesinghe’s failed past who had left a bad taste in the mouths of local financial circles before he fled to UK when Wickremesinghe was thrown out by Chandrika Kumaratunga. Though Wickremesinghe is putting up a brave front he has no leg to stand on. He is batting defensively on his back foot, withdrawn into a damage control mode. The bond scandal of the Central Bank is something that he cannot live down. His first biggest blunder was his infamous CFA signed with Prabhakaran in 2002. His second is the recruitment of Arjuna Mahendra who has claimed close relationship, from childhood, with Raja Rajaratnam, now behind bars in New York for insider trading. Not all the waters of the Indian Ocean can wash his guilt away.

There is no one else to blame except Wickremesinghe for putting himself and the nation in this financial mess. Having painted himself into a corner, Wickremesinghe is now stuck, not knowing how to get out of the mess created by his own folly. On top of this he now faced with a severe blow from the Supreme Court which had intervened to prevent his Gestapo Police from arresting Gotabaya Rajapaksa. It is a big blow to his ego and to the assumed power of his “democratic junta”. This description of his rule, where a minority rules the majority in the Parliament, was, no doubt, a Freudian slip. But like all Freudian slips it reflects the hidden intentions buried deep in the psyche. If push comes to shove Wickremesinghe will not be unwilling to run a “junta” like the way he ran his Party.

He has survived in his party by fixing the UNP constitution to keep him in power with the Executive Committee stacked up to the rafters of Siri Kotha with his “catchers”. Since he doesn’t have the numbers in Parliament he is moving heaven and earth to use the NEC and the FCID as tools to survive in the prime ministerial seat. His past experiences of being thrown out of the prime ministerial seat has made him a nervous fascist bent on hanging on to power at any cost. He is an insecure man who is not sure of his tomorrows. Despite his bravado he is not sure of winning the requisite numbers in the next election to be confirmed as the next prime minister. The only alternative available to him is step out of the constitution to establish instrumentalities that will strengthen his grip on power. He is obsessed with running his “democratic junta” with him as its benevolent and popular Fuehrer. He has labeled it as the “ National Government” which is another politically convenient label to keep him going as the Prime Minister without a majority to sustain him in Parliament.

This is why the Supreme Court decision has unnerved him. The Supreme Court decision to cut down his arrogant powers was an unexpected blow. This is hurting him most and he is reacting like a wounded bull.

His knee-jerk reaction is to go over the heads of the Supreme Court and appeal to judges of the Commonwealth. This reflects his power-crazy mentality. Unfortunately for him, he has been shot down not only by the Supreme Court but also by the Commissioner of the Sri Lanka Human Rights Commission Dr. Prathiba Mahanamahewa. Confirming the authoritarian character of Wickremesinghe, Dr. Mahanamahewa states: “Looking at these developments, we cannot imagine what would have happened had the 19th Amendment vested all the powers of the Presidency on the Prime Minister.

Dr. Mahanamhewa has hit the nail on the head. The overall plan and argument for the constitutional reform was to hand over presidential powers to the prime minister in parliament to prevent corruption, abuse of power, and authoritarianism. By his own example Wickremesinghe has proved that power vested in the hands of the prime minister in parliament can be worse than the power vested in the president who stands outside the parliament. His appointments of Arjuna Mahnedra and R. Paskaralingam are two glaring examples of Prime Minister abusing his powers to appoint his henchmen in key places without any benefits to the nation.

Besides, the illegal agreement he signed with Prabhakaran, without informing the Cabinet, the President, parliament or the people in 2002 and the appointment of Arjuna Mahendra, who has proved to be the destructive Prabhakaran of the financial market, confirms that Wickremesinghe cannot be trusted with power. In both instances he has betrayed the vital interest of the nation. This also reveals his contempt for anything Sri Lankan. He prefers Mahendran from Singapore and Paskaralingam from UK to local talent who can do a better job in protecting the interest of the nation. Neither of these importees have shown a loyalty to the national interests. They are in it to either feather their own nests or that of using the GOSL bases to promote pro-separatist agenda. Neither of these officials have backed Sri Lanka in foreign or local fora. But they are allied to agents in pro-separatist / LTTE outfits. For instance, Arjuna Mahendra, has openly admitted that Raja Rajaratnam, the insider trader jailed in New York, were childhood mates.

The conduct of Wickremesinghe in running the FCID and the serious threats to fundamental freedoms that flow from his arbitrary and politically motivated action demand that the Gestapo police acting under Wickremesinghe should be dismantled forthwith. There is no place for such an instrumentality in any democratic administration, let alone Yahapalanaya. Parliament should take immediate action to curtail the powers of Wickremesinghe who, in the first place, have no right to arrogate anti-people, anti-democratic powers. The basic principles enunciated in the agenda of the Yahapalanaya backs the Parliament and not Wickremesinghe. If Parliament fails to teach Wickremesinghe the basic principles enshrined in Yahapalanaya it will be as guilty as Wickremesinghe in betraying the fundamental rights of the people.

Prime Ministers and Presidents generally tend to consolidate their own anti-people powers. It is up to the Parliament to stand up for the rights of the people. Parliament must act now before Wickremesinghe can play havoc with his powers like the way he handed over powers to the other fascist dictator, Velupillai Prabhakaran, in 2002.

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    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/

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    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/

    • 2
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      Mahindapala,
      Gota ran his white Van mafia. Do you have anything to say about it?

  • 26
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    At least the courts are working so that even hired guns like Romesh de Silva and Modapalan can sound off. Old Romesh argues for anyone who has money to give him. Got a Bhaya has not only fear but a lot of ill-gotten gains to pay assassins, lawyers and failed journalists.

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      Ponkoh, I bet my last rupee, you will not utter a single word against the lawyer if he appears for someone you embrace blindly. Here your cry is nothing but for the fact that Romesh de Silva had craftily argued in the high courts in favour of his client. You can be stupid but better not to show your true nature.

      • 3
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        There is a saying in Tamil, meaning, “When the man hold the spoon (to serve) is my man, it doesn’t matter whether you are in the front row or the back”. So, do you believe the lawyer’s argument won the case for Gota? You, a poor saul!!!

  • 37
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    Mr.Mahindapala

    You are writing interesting articles criticising the present government.
    You hardly wrote about the Rajapakse regime! Were they very clean and professional?

    • 15
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      Even before FCID took up the charges, your Doc. Mervin approached the Police with a
      file against Gota and not in secret – this was enough to start the ball rolling. So
      the writers claims are of no value.

      • 1
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        Ah..?? Doc mervin is a hero for you guys since his timely alliance with MS?? Way to go punchinilame.

    • 6
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      [Edited out]

      M…pala is a known MR crony. It is now he can see good and bad because freedom has been provided by the present regime. During MR’s time he did not see/hear or feel any crime or misdeeds by MR’s government because, probably,he was hiding under the bed. What a shameless journalist.

      • 2
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        dcn, were you dead when Mahindapala was heading a govt paper during RP’s rule? And Mahindapala has been openly pen views since long time back. He’s been writing against bloody terrorism of LTTE. What special “freedom” are you talking about under the new rule? Recent threatens for the regular colomns of Sundaya papers, verbal attacks on journalist by the new PM are coming under your style of “freedom” dcn? Before attacking others with abusive language (hence the editors of CT have to delete your shit) go in front of a mirror and question yourself asking ‘am I really a balance critique who see things as they are OR am I just blindly hate MR and do whatever to attack him. But make sure, wear a pant before being appear in front of a mirror!

  • 0
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    Still this[Edited out]

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    I don’t care what you say about any politician, they
    may all be dishonest individuals. However, it’s clear
    that you are biased as you don’t paint the Rajapakse regime
    with the same brush. How pathetic you are!

  • 15
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    Good one Mahinda..

    Will this Romesh dude get black listed by the BASL?..

    Ranil has already shown the Yellow card to the two Sinhala Judges who agreed with Counsel Romesh.

    The other guy absconded as I understand.

    Will Sripavan summon the two to do a “please explain”.

    Because Ranil has said that he is going to get Commonwealth Judges to go over the Ruling and decide whether it is valid or not.

    May be Kiribathi , Botswana, and Burundi have better Judges than Sripavan’s lot.

    Has this Commonwealth taken over the old Lord Judges who let the Elite, Vellalas and the Anglicans go scot free, even after trying to do a Morrosi on Mrs B..

    BTW , my elders tell me that contemporary history is not a core subject in Mrs B’s daughter’s Political Science Certificate.

    Our Lovely FM also .has already and publicly declared his superiority and authority over our Supreme Court.

    In response to the ex President’s letter demanding damages for telling porkies, our FM says bring it on.

    Quote “Come to court. I also have a few questions to ask”. un quote.

    Has Ranil changed the protocols there too so that his ” Buddy ” Mangalan can ask what ever he wants in front of the Judges?.

    Yahapalanaya , Sure is ….

    • 11
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      “Good one Mahinda..”

      The monkey (KAS) praises his (HLDM) own tail!!

      • 5
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        It is this Moda paala, the JArapassa [Edited out]

  • 17
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    Romesh de Silva brilliantly made Rs. 6 million ! Period.

    Two judges ruled for a 3 judge ruling ! Now you know who is laughing ?

  • 17
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    At least the current government arrests people. The former government????

    //Prime Ministers and Presidents generally tend to consolidate their own anti-people powers. It is up to the Parliament to stand up for the rights of the people. Parliament must act now before Wickremesinghe can play havoc with his powers like the way he handed over powers to the other fascist dictator, Velupillai Prabhakaran, in 2002.//

    heh heh…. Other fascist dictator VP? How about MaRa?? What a loyalty to the pay master, mate!!

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      Rohan, I think, your beginning should change a little bit as “At least the current govt arrest “selected” people. Then it is relevant.

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    So the stories about Rajapaksas thieving abducting by white van and nepotism are all untrue?

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    Mr Mahindapala, your loyalty to the MR regime is commendable at a time when the rats are leaving the sinking ship. Either you are burying your head in the sand & slinging mud or still hanging on to the hope of a MR comeback for greater personal benefits if it happens like a few others who have a lot to lose if MR doesn’t come back.

  • 15
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    H. L. D. Mahindapala , Mahinda Rajapaksa Shill and White-Washer

    RE: Ranil’s Gestapo Police Exposed In Supreme Court

    Do you suggest that Ranil Wickramasinghe should start his own white Van Fleet like Gottabels Rajapaksa instead of the Current “Gestapo” Police?

    Listen to wjta the President Maithripala Sirisena had to say, and Field Marshal Sarath Fonseka had to say.

    Maithri speaks at Polonnaruwa

    https://www.youtube.com/watch?feature=player_embedded&v=4VKuHj43JoY

    Sri Lanka’s defence secretary, Gotabaya Rajapaksa, says General Sarath Fonseka will be executed

    https://www.youtube.com/watch?v=7tHlSZnrUiE

    Mata Matakai Mata Matakai Mata Matakai by Sarath Fonseka
    I Remember, I Remember, I Re,member

    https://www.facebook.com/newsfirst.english/videos/vb.119154468144820/903003453093247/?type=2&theater

  • 17
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    Sri Lanka has no shortage of monkeys trying pervert justice.

    Mahindapala’s eternal hero, the rejected King is by far the leader of that pack. Even now.

    Rather than going after the deposed King with vengence, for his bloody awful track record when it comes to judicial process, Mahindapala’s looks to target Ranil W.

    Proving one point. Sri Lanka has no shortage of shameless boot-lickers either. Willing to cover up anything shady as long as those are to do with their own masters.

    Cheers!

  • 10
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    I welcome CT’s openness to hear “both sides” but wow – this is a bit over the top don’t you think?

    • 0
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      I haven’t still heard anyone say about Mara “[Edited out]

    • 0
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      So much to the “democracy” of a martin kind!

  • 17
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    HLD Maindapala can shout at the top of his voice, but the YAHAPALANA GESTOPO will not only get Gota but also Mahindapala for sucking the Rajapaksa dingdong

    • 12
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      upali wijewardene

      “but also Mahindapala for sucking the Rajapaksa dingdong “

      I was under the impression that the Rajapaksa dingdong had “Labu:.

      Does H L D Mahindapala have a very large mouth?

  • 6
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    Romesh is a good brilliant lawyer but is unaware of potential conflict or conflict of interest that is known in many overseas jurisdictions. He has represented Ranil many a time and now appearing against Ranil is a conflict situation. Sri Lankan lawyers have no ethics but all for money

  • 12
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    H. L. D. Mahindapala

    Clearly your article shows you understood nothing about GESTAPO.

    I know this is hard to sit in the opposition bench after enjoying all the privileges and closing your eyes for decades

    Take DJ, Tamara, Vasu Nana and Wijesinghe in your boot and enjoy your frustration

    How much money you have received “R” clans to write this article?

  • 5
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    HLDM,

    In the 4th para, you first write “President Rajapakse ” and later only as ” ex- President Rajapakse “.
    But in the 9th para you insult the current President by writing “Sadhu Srisena’s political nirvana “.
    Yet you imply that you are not a foreigner ( ie Australian ) and did not run away from SL and a smart patriot of Singhalese only Sri Lanka, like your buddy DJ.

    I’m sure DJ’s father Mervin de Silva would have never taught you this kind of Z- grade journalism when you were with the Lake House. I’m not sure or can’t remember you wrote for his Saturday Review or the Lanka or Colombo Guardian.

    I’m sure many other readers who are up to date with relevant information will comment on your pro MR regime campaign ” BRING BACK MR “

    • 0
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      Mahindapala was [Edited out]

  • 0
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    this writer [Edited out]

  • 4
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    AT LEAST THIS GOVT’S GESTAPO PUTS THE ROGUES IN REMAND WHEREAS LAST GOVT’S ASSASSINS MADE THEIR OPPONENTS DISAPPEAR INTO THIN-AIR. LIKE ONE CJ (BY DEFAULT) ONE OF MR’S CRONIES SAID “ONLY GOD KNOWS” WHEN COURT ASKED HIM TO DIVULGE THE WHEREABOUTS OF A NEWSPAPER EDITOR WHO HE HAD EARLIER REPORTED TO THE INTERNATIONAL PRESS IN GENEVA, AS HIDING IN A FOREIGN LAND.
    MR’S MURDER SQUAD EVEN KIDNAPPED PEOPLE FROM REMAND/PRISON AND MADE THEM DISAPPEAR………….SO WHAT ARE YOU COMPLAINING ABOUT WHEN THESE CRIMINALS ARE BEING INVESTIGATED? MAHINDAPALA, ARE YOU ALSO IN THE QUEUE TO BE INVESTIGATED BY FCID?

  • 3
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    People feared to criticize Mahinda during his presidency. Now, we can criticize whoever we want, like the author who is fearlessly attacking the Prime Minister.

    Well done, the present government. They have taken kudos and brickbats with grace.

    • 1
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      lol I was following CT, Sunday Times, Daily Mioor, Island etc., during MR’s rule as well. And I have read so many write ups criticizing MR and his rule. What bull shit you talk about Goraka?

  • 1
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    [Edited out]Pala,

    I can see that What is happening in Sri Lankan courts are far too intelligent for you to understand.

    Why not come back to Sri Lanka now rather than living in Australia as an asylum seeker???

  • 1
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    ….!!! What A Load of Bunkum….!!!!!! [Edited out]

  • 3
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    Whole article author of critical about Mr Wicremasinghe, never mention about how catch a thief

  • 3
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    Sunday Observer says,

    Criminal charges against Gota

    Criminal charges are to be filed against former Defence Secretary, Gotabhaya Rajapaksa, for flouting government tender procedure and for the purchase of four MiG 27 Flogger D fighter-bomber aircraft in 2006 at a staggering US$ 14,676,000, for failure of duty and causing loss to the State, in his capacity as the Chief Accounting Officer of the Ministry of Defence.

    WOW…
    A team of sleuths visited Ukraine last week to conduct offshore investigations, with the assistance of the Ukraine authorities and are currently following the money trail.

    Investigations into the Avant Garde floating armoury matter has led to the initial conclusion that the defence establishment headed by then Defence Secretary Rajapaksa could be charged on two counts; illegal storing and trading of arms and money laundering.

  • 5
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    I wonder ‘YAHAPALANAYA’ is a synonym for ‘VOMITING’. Frankly that is the way I feel. Very soon ‘BATALANDA’ to be reinstated led by GESTAPO PONIL.

    • 4
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      Didn’t you do enough vomitting during the last ten years? [Edited out]

  • 7
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    Mahindapala,

    Please enlighten us layman of what the ” BOND SCANDAL ” is about – Since that seems to be the main stay of you phlegm against the Prime Minister.

    To the best of my understanding – The Government of Sri Lanka called on investors to purchase 30 Year Bonds with a face value of 1 Billion?

    In doing this, investors bid for these bonds that was compounded with a 9% interest component. To my understanding these investors would have paid around 80 Million for a 30 Year bond with a face value of 1 Billion.

    The Investors who were able to buy face value bonds at 12.5% would have paid around 32 Million.

    A massive 50 Million difference. Rotten to the core- to say the least.
    Correct me if I am wrong.

    So the mega-millions you bandy about in all realities is 50 Million.

    As to whether the Prime Minister and/or the Governor of the Central Bank were directly responsible for the loss is debatable – Whether it was pre-mediatated with lackeys within the framework to allow it – Whether they (the PM & the Governor) made special allowances for the bids to be accepted?

    You seem to think so? Are these assumptions on your part or something that could be proven by you considering that the noise you are making ?

    You will appreciate that the 30 Year bonds were issued to raise money for the treasury as the present government inherited a treasury that had nothing thanks to the ministration of the former governor Nivaard Cabraal who among other speculation lost billions of Rupees with the Hedging fiasco and the Greek Bonds not to mention the GOLD he sold – with the approval of the rogue President Mahinda Rajapakse.

    I would hope that the NEW constitution institutes a INTEGRITY ACT where any one and every one who undertakes a public office would be held liable for acts of irresponsibility; omissions and commissions starting with Sarath Silva who has the audacity to say that he acted ultra vires with respect to the Tsunami funds and Mahinda Rajapakese.

    Your integrity must also be questioned – You are NO part of the solution when it comes to GOOD GOVERNANCE! You have proved yourself to be a part of the problem!

    I trust you have been and are being compensated by the rogues for your contribution to their cause.

  • 0
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    Mahipala [Edited out]

  • 2
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    What a wonderful analysisYou need to be impartial to accept Facts,otherwise you are a PROTECTOR of a interested Group.The Facts are all there to read and digest.Srilankans wake up to the Truth before it is too late.Never mind who is at the Helm.

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      Yes, but author should not be partial, condemn them all, whether it be MR, MS, Ranil or whoever…

    • 3
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      Dr Mahi Dissanayake

      “Facts are all there to read and digest.Srilankans wake up to the Truth before it is too late.Never mind who is at the Helm.”

      Comment is free, but facts are sacred

      – C P Scott

      Facts are so sacred that HLDM has never had them in the first place.

      Keep sending your comments.

  • 3
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    As a true Sri Lankan I salute you for your forhright views. It’s not a case of taking sides, but to point out the truth. You have to call a spade a spade.

    • 0
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      Sri Lankan, if you say “it’s not a case of taking sides, but to point to the truth” with regard to HLDM’s views, you must either be blind to what is the truth or another one of HLDM’s alter-egos.

      And if he calls “a spade a spade” wonder what he calls the Rajapakses? I bet there will be no “truth” in it.

      Now you have descended to the level of having to pretend to be someone else to back your own views. How pathetic (or is it ‘desperate’) can you get?

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