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COPE calls for CID probe into irregularities at SL Export Credit Insurance Corp.

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The Committee on Public Enterprises (COPE) has instructed the Chairman of the Sri Lanka Export Credit Insurance Corporation to obtain CID assistance to investigate the loss of important documents at the institution.

The Committee also recommended the Finance Ministry to appoint an independent committee, consisting of the Ministry’s Internal Auditor, and to submit a report, regarding the financial irregularities of the Corporation, within three weeks.

The Committee also recommended the Ministry of Finance to conduct a separate investigation regarding the actions of the General Manager of the institution and report to the Committee before April 18.The Committee also expressed its absolute displeasure over management and structural irregularities at the Corporation when the Committee was examining the Auditor General’s Reports of the years 2019 and 2020 and the current performance of the institute.

Head of the COPE, Ranjith Bandara said that this was the first time, in a decade, that the Sri Lanka Export Credit Insurance Corporation, which is established to promote and develop international trade and to support and protect exporters, banks, importers and other financial institutions, has appeared before COPE.

The Committee on Public Enterprises highlighted the failure of the Sri Lanka Export Credit Insurance Corporation to table Annual Reports and expressed displeasure over the lack of assistance provided to the Auditor General.

The Committee questioned the General Manager of the institution as to why a corporate plan was not prepared for 10 years and on what basis the institution operated in the absence of a corporate plan. Accordingly, the Committee instructed the officials present to take immediate measures to present a corporate plan, as soon as possible.

Moreover, COPE also inquired as to why five main positions of the director board, including director – finance remain vacant. While strongly condemning the actions of the General Manager in steering the institution, COPE emphasized that the neglect and inaction of the respective officials have resulted in the failure of reaching the set objectives of the institution. Therefore, the COPE chair recommended that the board vacancies be filled with immediate effect to ensure stability and proper institutional mechanism.

The COPE chair also criticized the Corporation for not being accountable to the Parliament, to the Auditor General and the Committee on Public Enterprises.COPE also noted that a number of documents have been misplaced and that this was a serious development.

State Ministers Jagath Pushpakumara, Janaka Wakkumbura, Lohan Ratwatte, Indika Anuruddha Herath, Members of Parliament, Mahindananda Aluthgamage, Rohitha Abegunawardhana, Eran Wickramaratne, Nimal Lanza, S. M. M. Muszhaaraff, Rohini Kumari Wijerathna, Chaminda Wijesiri, Sanjeeva Edirimanna, Jagath Kumara Sumithraarachchi, (Major) Sudarshana Denipitiya, Premnath C. Dolawatte, Upul Mahendra Rajapaksha, M. Rameshwaran, Shanakiyan Rasamanickam, Rajika Wickramasinghe, Madhura Withanage, were present at the Committee meeting held.



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Underworld leader threatens police over arrest of his father and brother

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“You and your families will be eliminated”

By Norman Palihawadane and Hemantha Randun

A full-scale investigation has been launched to track down an underworld character, ‘Navy Dinesh,’ a key accomplice of Ganemulle Sanjeewa, for issuing death threats over the phone to three police officers, including the Gampaha HQI, Crime Branch OIC, of the same police station, and others.

Navy Dinesh is believed to have fled the country.

According to police sources, threats were issued following the arrest of Navy Dinesh’s father and brother in connection with a drug trafficking case.

Phone analysis reports have confirmed that the calls originated from Dubai and France.

Following the murder of Ganemulle Sanjeewa, Navy Dinesh assumed leadership of the underworld gang he had previously been involved with.

Navy Dinesh contacted the Gampaha HQI, the OIC of the Crime Branch, and the investigating police constable, and threatened to kill them and their family members. “You and your families will be eliminated,” he said.

A special police team had been assigned to investigate the matter, and a report has been submitted to the courts, police sources said.

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Visit to Hamburg: PM Amarasuriya showcases positive investment climate

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Premier Amarasuriya with German President Frank-Walter Steinmeierand other delegates and officials

Prime Minister Dr. Harini Amarasuriya highlighted the significant potential for strengthening the economic ties between Sri Lanka and Germany. Premier Amarasuriya underscored the country’s improving economy, resurgent tourism and policy reforms that have fostered an attractive environment for investment and business.

Premier Amarasuriya said so at the annual gathering of the German Asia-Pacific Association (OAV) in Hamburg, Germany. She declared Germany is both a role model and an important partner in the further development of vocational education in Sri Lanka.

German Federal President Frank-Walter Steinmeier and Premier Amarasuriya attended the annual gathering of the German Asia-Pacific Association (OAV) as Guests of Honour.

Dr. Amarasuriya said: “For the first time in Sri Lanka’s history, the results of the Parliamentary elections held last year reflected a collective and unified voice from people of all regions of the country” and highlighted that the new government is committed to taking tangible steps in the interest of further advancing national unity and reconciliation. She also highlighted that the current Parliament, which was formed after the election, is one of the most inclusive in Sri Lanka’s history, with a record number of women and representatives of different communities.

During her visit to Hamburg, the Prime Minister held a bilateral meeting with Federal President Frank-Walter Steinmeier.

Premier Amarasuriya also attended the ‘German-Asian Forum on Vocational Education & Training’ organised by the OAV. In a keynote speech at this forum, she conveyed Sri Lanka’s appreciation to German government’s assistance to uplift the vocational education sector in Sri Lanka which date back to the establishment in 1959 of the Sri Lanka-German Technical Training Institute in Moratuwa, Sri Lanka, one of the milestones of the bilateral relationship. She stated that Sri Lanka aims to transform vocational education into a modern, relevant field that will help us create a skilled workforce that meets the demands of the industry, and which offer the youth of Sri Lanka real career paths, both in Sri Lanka and abroad.

She also took part in a Business Roundtable with over 20 member companies of OAV and visited German research and technology hubs in the city including ITECH, a vocational school for IT, electrical, and chemical engineering; NXP Semiconductors, a leading global semiconductors company; and DESY, Germany’s largest accelerator centre.

OAV is active in Sri Lanka through the BMO Membership Organisation Partnership Programme in Jaffna, which is a collaboration between the OAV and the Northern Chamber of Industries (NCI), and the Women’s Chamber of Industry and Commerce (WCIC) in Colombo. The programme aims to strengthen the competence and engagement of small and medium-sized enterprises in relation to public institutions and is supported by the German Federal Ministry for Economic Cooperation and Development (BMZ).

In a 20-minute address German Federal President Frank-Walter Steinmeier made a strong case for establishing future-oriented partnerships with countries in the Asia-Pacific region. According to Steinmeier, such action is urgently needed to reduce asymmetries and dependencies and mitigate the effects of increasing protectionism in world trade. To achieve this, it is important to better exploit the diverse opportunities in the dynamic region, Steinmeier said.

The remarks came during Steinmeier’s keynote speech during the traditional “East Asia friendship dinner” held in the ballroom of Hamburg City Hall. The event was hosted by the German Asia-Pacific Business Association (OAV), which is celebrating its 125th anniversary this year.

“Recently, we have been forced to witness how close friends and allies are turning away from the order they played such a crucial role in establishing, and are celebrating wilfulness as progress,” Steinmeier noted. “The 102nd East Asia friendship dinner and 125 years of the German Asia-Pacific Business Association stand for something that might seem old-fashioned at first glance in our time but is all the more important in a time of crisis: partnership.”

Within this partnership framework, Steinmeier highlighted the vast opportunities the Asian market presents for Germany. “We will continue to diversify our foreign trade, reduce our economic and security policy dependencies, and forge closer political contacts with a larger number of countries, including in the area of trade policy,” Steinmeier said.

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Indo-Lanka govt. level talks soon on fishing row: Fisheries Minister

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Minister Chandrasekar

Days ahead of Indian Prime Minister Narendra Modi’s visit to Lanka, Minister of Fisheries, Aquatic and Ocean Resources, Ramalingam Chandrasekar has said that goverment level talks on the fishing dispute between Sri Lanka and India would be held soon in the presence of fishermen, Times of India said yesterday (31).

Minister Chandrasekar issued the statement on Sunday after a delegation of fishermen from Rameswaram held a meeting with him in Jaffna on Saturday evening.

The delegation, led by fishermen’s leader R Sahayam, appealed to the Minister to initiate talks between fishermen of the two countries. The last ministerial level talks on the dispute were held in 2016. Calling for a lasting solution to the problem, the delegation pleaded with the Minister to secure the release of Indian fishermen and their fishing craft held in the island nation’s custody.

Prime Minister Narendra Modi is slated to visit Sri Lanka on April 4, and the fishermen’s row is likely to be one of the issues that will figure in his meeting with his Sri Lankan counterpart.

Meanwhile, the delegation from Rameswaram met fishermen lodged in Sri Lankan prisons, and took stock of the fishing craft confiscated by the authorities on charges of poaching in Sri Lanka’s territorial waters.

The fishermen’s leaders had met their counterparts at Vavuniya on March 26 and discussed the issue. The Indian side sought time to bring trawling to a halt, but the Sri Lankan fishermen made it clear that trawling won’t be accepted in their waters, though they are ready for an amicable solution.

Reiterating this stand, leaders of the Northern Province Fisher People Unity, an umbrella forum of fishermen associations of the northern provinces of Sri Lanka, told reporters on Sunday that Indian trawlers should stop coming to Sri Lankan waters.

Else, their country’s law should find its course to stop it. They are determined that their people should fish in their waters independently and leave the marine resources for future generations, said forum spokesperson Annarasa Annalingam.

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