B. R. Chinnaiya the Chief Financial Officer of Ravi Karunanayakes connected companies said that an amount of 145 million used to purchase the penthouse had no trace and was unaccounted for.
Making a startling revelation before the bond commission drawing inferences of money laundering, Chinaiya said that he was instructed by Mela and Onella Karunanayake, Directors of Global Transportation and Logistics (pvt) Ltd, which ultimately bought the Penthouse at the Monarch to purchase the penthouse with company funds. The balance he was asked to use the “cash from the chairman’s safe”.The penthouse was bought by the Karunanayakes using the company as a front after Arjun Aloysius paid the rent for 8 months.
Accordingly the Chairman of the company, one Lakshmi Kanthan residing in London, had brought in cash amounting to 70 million and 75 million in February 2016 and 2017 to be “dumped into the safe”.
The witness said that the cash was not accounted for in any of the accounts of the company nor had any paper trail.
The witness said that the Penthouse was bought on the instructions of the wife and daughter of the minister. The company initially which did not possess the full amount of cash had entered in to a loan agreement with Seylan Bank for an amount of 150 million, which was to be paid by renting the Penthouse. However, the plan of “renting out” the penthouse did not materialize.
The loan had thereafter been serviced with the liquid cash in the Chairman’s safe according to the witness, who said that 9 instalments of 11 million each had been paid thus far.
The testimony drew shock and awe among those present including the commissioners who questioned the witness as to why no alarm bells were rung when undocumented cash was brought to him. The witness said he did not ask the chairman, Lakshmi Kanthan as to the origins of the money.
Related posts:
Bond Scam: Arjun Aloysius Paid FM Ravi K’s Penthouse Rent
srinath gunaratne / July 28, 2017
Shit gets beautiful everyday!
This is just one, How many more are there?
/
Simon De Silva / July 28, 2017
But trust me, in the days to come there will be moutaineious of SHITS in terms of Rajapakshes untold stories.
We are so patient, even if the current met is caught by catch 22 and thus slow mode.
Like glass clear, Rajapakshe will have to be arrested in the next few months.
We also want RK to be reisigned, but that SHOULD NOT be bigger than the harm Rajapakshes and their men have deliberately made to the country.
/
malik / July 29, 2017
@Simon De Silva Even in your death bed you will be thinking about ‘Rajapakshe’ as the biggest scams are taking place. You seem to be obsessed with ‘Rajapakshe’ does he owe you some dues?
Ravi K HSBC land scam was so brilliantly done, hats off to him.
/
Simon De Silva / July 29, 2017
What Baila have you been bubbling ?
If a leader has deliberately destroyed almost everything in the name of having won a war against own folks ,
there you guys stay as if you are deaf and blind further, as even Rajapakshes allowed raping your family ones, ….. there, the punnaku eaters of your nature can stay behave so, but we cant.
People have been misled by all means.
Media pros are hired by the looted sums fo rtheir propaganda.
What is going in the country is even if ALL PRIMA FACIE evidence are on the table, former gold queen is not yet ready for interogations by CID in terms of Rugby players immature death/ … the calculated accident but later found as a murder by the current rulers.
Is that NO HIGH crime for you ?
You should bring other definitions for high crimes according to you pleasding punnakku eaters ?
I really do – against Rajaapakshe or anyof them being any representatives of us the lankens
Stupid family ruined our country and nation.
It is easy for them to live on STUPID masses. No matter we dont achieve anything but them to live their political dreams.
Sooner or later, you have to see it man.
I am pro RK to be resigned or any other men who may have involved in frauds be punished according to the prevailing laws.
That means not the we let former looters roaming in the city disrespecting dignified people in this country.
/
Analyst / July 29, 2017
Hello People!! Remember the White Vans and the henchmen of Raja Ballas ???
Atleast we can have a hearty laugh and comment on the faults of the Present government and indeed vent on the faults of our President and PM.
All for the betterment of our country, indeed wer’e exercising the freedom of expression and the Democracy ( not fully) we enjoy at present.
Jimbo softly and the other racists are enjoying the freedom of expression too on our behalf!!
Remember the white van and the fear of expression prevailed during the Raja Ballas Regime??
Dim Jim, and the other scroungers of Raja Balla’s can have a hearty laugh now on CT.
/
Native Vedda / July 28, 2017
srinathan gunaratnam
“Ravi K’s Penthouse Bought With ‘Money In A Bag’”
Mahinda R bought votes for cash nicely packed in sacks, VP was not only happy to sell the votes but also happy for MR to win. Was it £185 Million rupees? Either Money laundering must be legal or the value of Sri Lankan currency has been devalued over the past 12 years.
/
Mudiyanselage / July 28, 2017
While FM Ravi K inviting foreign investments said that he would not ask as to how they came about the money like the offshore does. So he may have borrowed from Lakshmi Kanthan residing in London,to pay – Peter Mandelson borrowed from Hinduja speeded up the passport for Hinduja and later got a top promotion as Trade Commissioner gravy train EU. He was Blair’s think tank- Ravi K was Ranils Think Tank during difficult time with Premadasa and CBK.?
Like SWRD they bring knowledge in their sarema assisted by tamils of course the masters of foreign exchange centres Lon.??
/
frankistine / July 29, 2017
With amount equivalent to 742,397.556GBP it is not possible to buy a 2 room flat forget and apartment at square mile London.
Did aunty Lakshmi Kanthan mortgage something at London??
Why the hullabaloo?? CBK and cohorts london’s multi-millionaires must be having a hearty laugh after that video spat.
/
bo / July 28, 2017
Shit hits the fan!
Muck running amok LOL.
Time British High Commission pass on this gem of information to British Customs, Revenue and Tax Authorities. Arrest this fellow Lakshmi Kanthan immediately. He is involved, together with Ravi K family, in global fraud and money laundering.
/
Eusense / July 28, 2017
Who says Tamils are not treated equally?
/
Analyst / July 29, 2017
N Eusense
Who says Tamils are not equally ?
The difference is they don’t eat Punnakku.
/
Eusense / August 1, 2017
Analyst
The stupid way they kept a money trail won’t convince you of eating punnaku,??
Looks like you eat punnaku too!
/
Analyst / July 29, 2017
Do I smell King Fisher Airline connection operates from Maidenhead , UK??
Moneybags full ! Eh!!
/
chico chicki / July 29, 2017
just small mercies.
he looks a little pup in that picture.
what a slander for peanuts
Rilawooo!!
/
Jagath Fernando / July 28, 2017
This is hilarious!!
The Finance Head of RAVI K companies must be thinking that everyone at the Commission are dumb idiots. They need to learn how to lie.
Credit to daughter of East West tycoon for revealing the truth on the apartment.
Unfortunately the commission has no teeth and hence unlikely that anything would happen unless Attorney General shows some interest to charge all involved. Looking back at numerous Presidential Commissions, the outcomes have been disappointing.
/
Kalu Nangi / July 30, 2017
East West tycoon Nahil and Gota are good pals….No wonder the daughter was instructed to spill the beans! Ha she declared her rental income in her tax returns? Not only the bond scammers but also these tax dodgers should also be investigated by the Authorities.
/
Jimsofty / July 28, 2017
It looks April fool’s day everyday for CT.
/
Jim Softy / July 28, 2017
I am sure TNA or SLMC must have have given the money as bribes. Who else would bribe like this.
/
Burt / July 28, 2017
Bad: Bad TNA / SLMC if they did this to MR and Family they would NOT have looted the country.
Screwed by the minorities again. :(
/
Jim softy / July 28, 2017
Minorities had been constantly screwing us. Since we have them independence
/
Native Vedda / July 29, 2017
Jim Blue softy Dimwit.
“Minorities had been constantly screwing us. Since we have them independence”
It is because you chose to be a patriotic beach boy since 1948. Why complain now?
/
Jim Softy / July 29, 2017
Naan eluruthacku ‘neelam’ enru sollamal reply pannun. Ellam oru karansthoda thaan.
Basically you proved that you are stupid.
/
Native Vedda / July 29, 2017
Jim Blue softy Dimwit.
I suspect you are trying to say something in Tamils. Please translate it into English so that let many to know how stupid you are.
“Basically you proved that you are stupid.”
Please prove it.
/
mike / July 29, 2017
NV – Jim-Boar is not only stupid, he was “willing to eat Rajapaksha’s kaka” (his own words, not mine) !
/
Samuel Jayaweera / July 29, 2017
No man, if i may say so, majortiy folks led by yours like mentalities screwing MINORITIES:
Tell me country has over 50 k or more burghers within the country. Do you know any law makers to represent them in Parliament or regional bodies ?
Balligeputhas of your nature would rabblerouse and make effort to widen the divisions of the spalt nation.
I hate to see this becoming even more worse today through you guys. I am ashemd to call me sinahalya. I really do.
/
Jmmy / July 31, 2017
Jim Softy
People like you are like the frogs in a well. They get screwed by their own kind but they blame others of screwing them.
/
Yahapalanaya / July 28, 2017
[Edited out] Don’t bring them into this.
/
Native Vedda / July 29, 2017
Jim Softy the Blue Dimwit
“Who else would bribe like this.”
Who else, Mahinda? He is the only one who has access to large sums of cash, which is not subject to money laundering rules.
/
Josh / July 28, 2017
Why isnt anyone asking the question how did 150 million rupees come into Sri Lanka from London without anyone knowing??
/
Jimsofty / July 29, 2017
I think it is Rs 600 million Mahinda Rajapakse gave away to EmilKanthan. That much stayed in.
/
Native Vedda / July 29, 2017
Jimsofty the Green Dimwit
“I think it is Rs 600 million Mahinda Rajapakse gave away to EmilKanthan.”
Do you know how much did Gota and his boys steal from Vanni in gold and cash?
/
Jimsofty / July 29, 2017
CT is not letting right it. You all have forgotten that Ravi KArunanayake got some millions of dollars from Raj Rajarathnam. that happened before 2009. That money was hiding his case for money laundering was cleared which he cleared through corruption, I am pretty sure. He is spending that money for some time. That money for helping LTTE.
/
Burt / July 28, 2017
MR & Family finds a “Manik Malla”, Ravi & Family finds a “Salli Malla”. This should be advertised along with tourism. You will get droves of treasure hunters coming looking for these “Malla’s”
Should be Buddha’s blessings.
/
Jehan / July 28, 2017
Just drama,
Nothing will happen. Laws will be changed to accommodate the rich and the powerful.
Law applies only to poor citizen Silva, who wants to deposit 100000 ruppees in his bank account, and teller will ask hundred questions, as if it’s a crime.
/
Jimsofty / July 28, 2017
This money in a bag story may have some truth. IT was reported during the or just after 100 day govt Johnston Fernando also took suitcase full of cash to Singapore, probably to hide from tracing. Some opened disteelries while others bought luxury aprtment which is good investment and invested in warehouses for good storage.
/
K.Pillai / July 28, 2017
“Ravi K’s Penthouse Bought With ‘Money In A Bag’”
Who is the present owner of the (now famous) penthouse?
“…………………..an amount of 145 million used to purchase the penthouse had no trace and was unaccounted for…………”.
Unaccounted or not that is lot of money!
It will take three years or more for a Lankan slaving in MidEast to be able to remit SLR 1 million!
The veracity of the contents of the article is somewhat grey.
One can see the sagacity of keeping the language/religion divide alive.
/
Savithri Melder / July 28, 2017
I am an 83 year old who was tortured by Ravi K and the minions of the Finance Ministry for LEGALLY bringing my almost ten year old but with very low mileage
automobile when we returned to SL(my husband’s patriotic response to Ravi K’s appeal to expatriates to return to SL now that the political climate was conducive) simply because I was attached to that inanimate object which transported me to many a hospital and back .When a special appeal was made to Ravi K in an attempt to reduce the duty of Rs 3.6 million he waved his finger at me and said” Well that’s the law of the country “- no more no less and the god walked off. Prophetic words- and I hope the same law of the country will put him in a penthouse at Bogambara .
Despite my repeated appeals my car is still at the wharf rotting and rusting almost TWO YEARS on. My appeal to donate it to a Children’s Home or House of Elders has gone unheeded. The rate of duty imposed was changed after we got the permit and after the car was shipped to but there was no one to hear us because Ravi K was flying around the world in ministerial splendour -no time for an eighty three year old with a mobility problem using a walking aid. The numerous visits I made only to be told by his underlings that the minister was in perpetual motion!
Tears of an old woman – slowly but surely the hurt and humiliation we went through – avenged by the law of Retribution -and my car still rotting in the Wharf -hear me now RaviK? Some sick child or an old woman could have been transported in my car -perhaps a life could have been saved. On second thoughts maybe I should have asked Mr Aloysius to pay the duty-but then I am not the Finance Minister!
/
Kumaran / July 29, 2017
With your eye shall you see the reward of the wicked”
Just trust God. YOU will be blessed.
/
Raj / July 30, 2017
[Edited out] Comments should not exceed 300 words.Please read our Comments Policy for further details.
/
Jimsofty / July 28, 2017
The summary of all this is; either CT is lieing. that can not be. there must be some truth. Why Maithripala and Ranil are not removing Ravi Karunanayake. they are either chicken littles or they get caught if they try others, If not they are not leaders or they also are a part of the the gang of traitors who use poor voters fatten their extended families. It is journalists who write for these people because they can not find another job. So, voters are screwed up until the day the country settles.
/
kuamaran / July 29, 2017
Despite the fact that Yahapalanaya knew that this man had at least two very serious charges against him during M.R’s time, they gave him the finance ministry. This government must resign and allow the people to choose again
/
Leela / July 29, 2017
This is only the tip of the iceberg. Follow the money trail of all our politicians, including the previous lot, and be prepared to be shocked. They are all thieves
robbing this country blind. Shame on all of them.
/
K A Sumanasekera / July 29, 2017
Kanthan, Chinnaiya, Jaya, & Karu of course , Reconciliation is at its best in Money Laundering to bring us the Bacon……..All our Dalits , 70 percent of them can say is ” Budu Saranai to Bodhi Sira”………..
/
Native Vedda / July 30, 2017
KASmaalam K A Sumanasekera
” Reconciliation is at its best in Money Laundering to bring us the Bacon”
Election victory in 2005 was the best when MR won courtesy of your brethren the psychopath VP. That was the best ever trade deal an individual had done with his competitor for it brought two election victories, a war victory and billions. Don’t you think it was a master stroke for the clan.
Hindians really did understand how VP behaved and how easier to get MR clan to commit war crimes.
/
Puzzled / July 29, 2017
Is this article a hypnotic Milo advert ?
Why is there no description under the photo?
/
Nuwan / July 29, 2017
Sri Lanka will never move forward. What exactly is wrong with making money. In western nations, the billionaires are admired (Suckerburg, Gates, Trump etc.). They even elect them as senators and presidents. In Sri Lanka, you see someone making money, you do everything to bring them down! Pathetic!
/
chinchinatu / July 30, 2017
SL the ship can’t can to port too many steering-
Too much helicopter money,
too much murder of citizen
Too much distinctions!!
Too many Rilawoooo Braying HeeHaw HeeHaw.
western nations are nomads while you drink croak_ola, play croaket seated on toadstools
/
John / July 29, 2017
Tamil diaspora ill-gotten money in play.
–
The plot is to smuggle Tamil diaspora’s billions of dollars to Sri Lanka.
/
Nishan / July 29, 2017
Good to see a working system! Despiet the best efforts of government, judiciary, free press and even opposition MPs are doing the job. this is progress.
When the judiciary tried to do their job under MR, Chief Justice got impeached.
We can’t rely on politicains which is why good systems are needed.
At least something is gettig better under yahapalanaya. Biggest problem is calibre of politicains remains bad.
/
shankar / July 29, 2017
why is the head of finance who must be close to ravi divulging this?The commission must not be diverted with a red herring but must check carefully whether aloysious paid for the penthouse.Compared to money laundering if it is found that he took the money from aloysious ,then he would be in much bigger trouble because of the bond scam.This is a red herring to show that the penthouse ha nothing to do with the bond sca.CID has to take this finance manager and that woman who allegedly brought the money and grill them for days on the fourth floor.Alas that will not be done as long as ranil is the PM.ranil should be made to resign first and new leader elected by the UNP rank and file members and then only the truth will start to be found out without all this cock and bull stories about bagfull of money being brought from london etc.
/
A / July 29, 2017
Stupid politicians. Why could not they use all these money to improve cultivation or reduce taxes so that people would not have to suffer this much. Even now the picture painted by the govt. is that there are loans to settle and people have bear with them. Harsha is asking people to shut up not realizing it he who should shut up or depart.
/
nalmen / July 29, 2017
is Lakshmi kantham a relative of emil kantham
if so not a problem as they know how to hide money
/
Chedi / July 29, 2017
The Daily Mirror reported today that Mr B.R. Chinnaiya had been also appointed to the Board of Directors of the BOC in 2015 by the then Finance Minister Ravi Karunanayake for a period of one year!
Sometime ago, CT reported (“Ravi K’s Brothers-In-Law Here, There And Everywhere”)that he appointed Romesh Jayawardena, the ‘step brother’ of his wife Melarine, as Chairman, Development Lotteries Board. And also appointed brother-in-law Bangsa Jayah, as the Managing Director of Sri Lanka Insurance Corporation (SLIC). And that, he also attempted to appoint another brother-in-law Gihan Malalasekara, to the post of Sales Manager Sri Lankan Airlines (UK).
/
Nosey Pary / July 29, 2017
The bastards rob with absolute impunity knowing the public are impotent .
/
Gune / July 29, 2017
RW ignored Ravi’s ill doings 2004 which tarnished the image of his government. If he ignores this again the PM becomes complicit in Ravi’s doings.
Yahapalanaya days are numbered and the people have been fooled again. This should not open the door of the other mischief maker and corrupt rascal MR and his clan.
People of Sri Lanka ! We need a solution here. We can’t let the country to be in the hands of these useless unpatriotic politicians. What’s next since the Jan 2015 revolution has gone to waste.
/
Douglas / July 29, 2017
Again a CIRCUS. Ravi K can say Allocious is my “Friend” and helped me to initially rent the Penthouse. Then my wife and daughter bought it outright from the Company funds. How that money was obtained is an outside matter that has nothing to do with the “Bond Scam”. Of course that transaction has to be separately investigated and could once again involve Ravi K in a “Money Laundering” case. Ravi K, in my opinion, definitely tell the Commission, I was not the Minister in-charge of the Central Bank and this “Bond Issue” was not under my purview. Yet, Ravi K has to explain how he issued that “undated” letter to the Governor of the CB without the knowledge of the Finance Ministry officials who have already denied any knowledge of such a document. He might say “The PM” wanted me to issue that letter. This CIRCUS must stop. Bring the Prime Minister – the Minister in-charge of the Central Bank and his own appointee to the post of CB Governor. He must explain why he appointed those three Lawyer Committee from the UNP to investigate the “Bond Issue”. Why he rushed to pass on the COPE REPORT, that was submitted to the Speaker, even before debating it in Parliament to AG’s Office. Many answers and explanations are DUE from Prime Minister as the Minister in-charge of the Central Bank. Ravi K has a “CHOICE” to make. Let us see what he would do on 2nd August 2-17.
/
Anthony Pillai / July 30, 2017
RW will never allow Ravi K to be fired. RW knows Ravi K was loyal to him when the failed internal f power struggle happened in the UNP. The Premedasa faction lost out with egg on their faces because of staunch support from people like Ravi K. His actions are not a suprise to anyone who knows him from his days at Hayleys and other places. Ravi K loves money. His real god is Money though he is Catholic. He is from the elite Royal college club along with Eran W(the man who facilitated money for the successful UNP 2015 election victories but he is said to be honorable but he is a billionaire too), Harsha DeS who hates corruption (according to him but he too used Access Engineering without open competitive bidding to get his showcase project in Kotte done with the flyover; Access of Sumal fame were defamed and insulted when they did all the other fly overs during CBK;s and MR’s time; they work ! and they were needed; Sumal was close to the one time Def Depy Rathwatte then with MR’s people and now with UNP; This Anthonian knows to get work done). Malick is the other money bags and gets all the informal cash into the UNP. AM also was a Royalist(I am talking about Bondi-Mahendran). So many elitist crooks from Royal so they are all with RW . Ravi K will remain in the Cabinet. This Government washed away the Galleon Money Laundering case. Ravi K is building a massive mansion. He got his wife to be the cash collector: this little Malay woman is living the life of Trump like dreams like Melania. She was an ordinary Malay. Second wife. She used her goons and collectors to intimidate the neighbors to sell their properties: some sold at below market value. Others held out and were directly called by her or Ravi K to sell those by making noise. If they did not sell they would have been surrounded by Ravi K’s property. Screw these bastards.
/
rahman / July 30, 2017
Anthony Pillai – Be that as it may, whether she is an ordinary Malay or second wife of Ravi K is not a big issue. It is interesting to observe why a slimy past president of a Sri Lankan Malay cultural organization based in Canada thought it fit to announce that Ravi K’s (new Minister of Foreign Affairs) wife is a Malay ! I sincerely hope that saner counsel will prevail in this organization. Of course, one cannot paint other members with the same brush. Some food for thought!
/
Justice & Fairplay / July 30, 2017
Dear Prime Minister, Dear Mr President,
“The proof of the pudding is in the eating”.
In the next few days we shall know how much of what you say about ‘Yahapalanaya’ is true.
We wont be surprised, if we are disappointed.
/
Shrikharan / July 30, 2017
I refer to the photo above showing Ravi Karunanayake in a wayside kade. In what ramshackle place Ravi Karunanayake is having a bite and drink?
/
Nic / July 31, 2017
Wonder how the Chairman brought massive amounts of GBP out of the UK without UK customs and financial regulators not knowing about it? Ordinarily carriage of cash in excess of the equivalent of USD 10,000 needs to be reported and recorded both at exist and entry point of a traveler.
Additionally how did the company or the CFO deposit massive sums of Rupees into their bank accounts without following the so called protocol of local banks wanting ALL kinds of information prior to depositing sums in excess of Rs 100K?
One law for the governor and another for those governed!!! Sri Lanka style alright.
/