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SJB belatedly defends 2017 Foreign Exchange Act, rejects Justice Minister’s claim of funds ‘parked’ overseas

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Dr. Rajapakshe and Dr. de Silva

By Shamindra Ferdinando

Top SJB spokesman Dr. Harsha de Silva on Monday (20) dismissed Justice Minister Dr. Wijeyadasa Rajapakshe’s claim that well over USD 56.5 bn had been parked overseas by some exporters.

Dr. de Silva also contradicted claims made by rebel SLPP MPs Vasudeva Nanayakkara, Wimal Weerawansa and Gevindu Cumaratunga on the matter.

The Justice Minister and rebel SLPP MPs have declared that the enactment of Foreign Exchange Act No 12 of 2017 had led to the current situation.

Appearing on the live political programme Salakuna on Hiru, the Colombo District lawmaker said that such accusations were nothing but a joke. One-time Economic Reforms and Public Distribution State Minister de Silva declared that it was nothing but a made-up story.

The SJB lawmaker said so when Hiru anchor Chamuditha Samarawickrema asked whether the Yahapalana government contributed to the current crisis by doing away with the time-tested Exchange Control Act No 24 of 1953. Samarawickrema pressed for an answer pointing out that Harsha de Silva and SJB leader Sajith Premadasa were among 94 MPs who voted for the new law whereas 18 voted against.

A section of the UNP registered SJB as a political party, in early 2020, ahead of the general election held in Aug of the same year.

Governor of the Central Bank Dr. Nandalal Weerasinghe, too, has on several occasions raised concerns over the failure on the part of exporters to bring back proceeds.

Samarawickrema said that according to Minister Rajapakse the actual figure could be as much as USD 100 bn though official records were lower.

Dismissing the Justice Minister’s declarations, MP de Silva questioned the recent claim made by the former President of the Bar Association that export proceeds amounting to USD 8 bn hadn’t been repatriated last year. There was no basis for the Justice Minister’s claim on USD 8 bn as well as the previous declarations on over USD 50 bn being held overseas, MP de Silva said, adding that the total amount of exports were USD 12 bn last year.

Accusing some lawmakers of propagating lies, the former UNPer challenged them to reveal where even USD one bn was held.

Referring to leaked Panama Papers and Pandora Papers beginning April, 2016 and Oct 2021, respectively, MP de Silva said they disclosed the amounts parked overseas. “I won’t say funds hadn’t been parked. Thieves are everywhere. Some under invoice. Others over invoice. There are people who park money abroad. The funds mentioned in Panama Papers are part of the total amount of money stashed overseas.”

MP de Silva firmly denied that Sri Lanka engaged in large scale export business. There was absolutely no basis of claim regarding USD 56.5 bn, MP de Silva said.

Asked whether Justice Minister lied in this regard, MP de Silva insisted that this figure couldn’t be accepted under any circumstances.

Responding to Samarawickrema’s query whether the new law contributed to the bankruptcy, MP de Silva said that it was meant to pave the way for Sri Lankans to set up businesses abroad. The economist said that Sri Lankans should be allowed to invest overseas the way foreign companies did here. The former State Minister named several such investments made by Sri Lankans.

Dr. de Silva dismissed claims that the Capital Account hadn’t been opened. Utilization of funds had to be approved by the Central Bank on a case-by-case basis.

At the onset of the programme, Dr. de Silva said that the SJB accepted the general direction of President Ranil Wickremesinghe’s budget. One-time Wickremesinghe deputy on economic affairs?? during the yahapalana government, lawmaker de Silva said that SJB is comfortable with the budget in spite of concerns.



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Bribery chief says don’t abuse the term ‘political victimization”

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Director General of the Commission to Investigate Allegations of Bribery or Corruption, Ranga Dissanayake, says that the abuse of the term “political victimization” will no longer be tolerated, and those who misuse the term will face strict legal action.

Dissanayake told a media conference held at the CIABOC auditorium: “There is a widespread perception that the law is not effectively enforced in this country. This perception has arisen because, as the President said on Anti-Corruption Day, small fish are caught while the big fish escape. This perception exists for several reasons, including delays in the Bribery or Corruption Investigation Commission’s processes. At times, the public is unaware of the injustices that occur within the Commission.”

Addressing politicians who make public statements, he requested, “I sincerely ask political leaders who issue statements to the media to kindly refer to the Anti-Corruption Act No. 9 of 2023 that you have endorsed. Please refrain from making certain statements without a proper understanding. This law has been enacted independently of any prior connections or influences. I have been in this position since the beginning of this year. The Bribery Commission currently has 31 legal officers, and there is no capacity to recruit additional staff at this time.”

He also highlighted the significant challenges faced by the Commission, revealing that approximately 4,000 unresolved case files remain due to limited resources and personnel. “No matter what we do, people will still ask, ‘How many criminals have been caught?’ This situation is the result of limited resources and staff,” he said.

Dissanayake also said: “If anyone is going to claim political victimization, let them find evidence and prove it. Otherwise, the powers granted by this law will be used against those who make false claims.”

By Pradeep Prasanna Samarakoon

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SC dismisses 50 petitions, orders enforcing CA ruling on 37 others

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Rejection of LG nominations

The Supreme Court on Friday dismissed over 50 petitions challenging the rejection of nomination papers for the upcoming 2025 Local Government Elections.

A total of 53 writ applications and six Fundamental Rights (FR) petitions, filed by political parties and independent groups, were dismissed.

This ruling follows a recent decision by the Court of Appeal, which had ordered the acceptance of 37 nominations that were initially rejected. In a significant move, the Supreme Court Friday instructed the relevant returning officers to accept the previously rejected nominations, aligning with the Court of Appeal’s verdict.

The petitions had been filed by recognized political parties and independent groups who challenged the rejection of their nominations. The reasons for the rejection included issues such as failure to submit certified copies of birth certificates of candidates, failure to submit an official oath, and submitting only photocopies of birth certificates instead of the required certified versions.

By AJA Abeynayake

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A Year of Growth for Singer Sri Lanka Toastmasters Club

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Singer Toastmasters Club Officers 2024-2025 with District 82 Members

Celebrating a Century of Soft Skills Development with Toastmasters International

The beginning of a new Toastmasters year is always an exciting occasion for clubs worldwide, and this year, the celebration is even more special as Toastmasters International marks its 100th year of developing soft skills in public speaking, effective communication, and leadership.

At the onset of the Toastmasters year on 1st July 2024, with the vision “United Roots, Shared Bloom,” the gavel was passed to TM Chanuka Obeysekera, the 14th President of Singer Sri Lanka Toastmasters Club. This marks another chapter in the club’s commitment to fostering personal development and growth in its members. On 19th September 2024, the club saw a momentous occasion with the installation of new Club Officers and the induction of nine new members.

TM Udani Mendis, a new member of the club, shared her experience: “Toastmasters has transformed my journey into one of self-discovery and empowerment. Each meeting pushes me to overcome my fears and celebrate my progress as a communicator. Through this experience, I’ve grown into a confident leader, ready to inspire others.”

The club provides a safe space where members offer constructive, positive feedback, empowering each other to develop without fear of judgment. The focus is not on perfection, but on constant growth, with each member taking steps towards realizing their potential. The learning experience at the club goes far beyond just delivering speeches. While public speaking is a key focus, the networking opportunities and personal connections made are an integral part of the club’s value. This year, members of the club have also taken up leadership roles within District 82 and Division C. TM Rosanne Ranasinghe was appointed as Division Director, TM Rolinka Perera as Toastmaster Learning Chair of Division C, and TM Viraj Chathuranga as Finance Manager of Division C.

The energy, enthusiasm, and camaraderie shared among members is palpable. The collective commitment to creativity and excellence continues to push the boundaries of what a standard club meeting can achieve. Toastmasters is about both individual achievement and the shared growth of all members, creating a community where bonds are built, experiences are exchanged, and each person is empowered to achieve their full potential.

The club remains committed to its mission – not just to learn, but to teach, inspire, and help others realize their dreams.

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