News
Hand over economic management to independent technocrats: SJB MP
By Sanath Nanayakkare
Samagi Jana Balavegaya MP Patali Champika Ranawaka said in Colombo recently that managing the economy of the country should be handed over to a group of independent technocrats.
“The general public and the business people are growing increasingly less confident about the capacity of the political leadership to pull the country out of the current economic crisis. So, the situation calls for the government to turn over the management of the economy to a group chosen through a process that emphasises their relevant skills and proven performance to put the economy back in shape,” Ranawaka said.
The MP said that such technocrats needed to be truly independent and need not just serve the interests of popular politics because if a sovereign default happens, all Sri Lankans, those who voted for the government and those who didn’t, would have to face grave repercussions.
Ranawaka made these comments at an Advocata forum themed, “A National Consensus for Economic Reforms.
Ranawaka said that Sri Lanka has got into a precarious financial situation today where it can’t raise enough capital either in the domestic market or in the international capital market.
“In the next eight months, we have to honour commitments on International Sovereign Bonds and Sri Lanka Development Bonds worth nearly USD $ 3 billion with only USD $ 1.5 billion cash in hand. In this backdrop, Sri Lanka runs the risk of a default and potential bankruptcy at some point. Even if the authorities begin talks on renegotiating and rescheduling of our foreign loans, that would technically mean declaring bankruptcy. When Prime Minister Mahinda Rajapaksa asked the government of India to postpone Sri Lanka’s debt by three years, that also tantamount to acknowledging bankruptcy. If the country hits bankruptcy, it will have a negative impact across the board. It won’t be easy recovering after a default and bankruptcy. It could lead to multiple defaults. Defaults by Argentina on its foreign debt as well as the debt crisis in Greece led to a loss of confidence in their economies. They haven’t recovered fully. They may recover for some time and they falter again. Elections were held in Greece from time to time to resolve the economic issue. Masses elected leaders from the left, centre and right in the political spectrum, but nothing has worked meaningfully. The economic malaise has dragged on for 10 years in Greece. Argentina is no different. If a sovereign debt default occurs in Sri Lanka, we may face a similar situation. It would be unwise to think that when the situation aggravates, it would help the Opposition to come to power. Whoever comes to power, would have to bear the same pain and pressure, so a sovereign default must be averted,” he said.
He said that the government is still not serious about this serious situation.
“Our concern is whether political leaders and responsible authorities are paying the issue the attention it deserves. This crisis can’t be solved by providing each Grama Niladhari division with Rs. 3 million to spend on building rural infrastructure. If a default happens, its negative spillover could see the loss of thousands of jobs triggering a social explosion. The racial and religious tensions which are under wraps could flare up again and foreign investors would try to capitalise on the situation. A fine example for this is; about six months ago the Urban Development Authority put up more than 50 strategic national properties for sale under what was called ‘Selendiva’. It was said that USD 5 billion would be raised from its proceeds. Nevertheless no buyer has made any bids to date. We are often told that USD 3.6 billion is coming from Oman, USD 2.5 billion is coming from some other country and so on. But these have not materialised yet. Why? Everyone has realis-ed that Sri Lanka is on its way towards bankruptcy. And investors know that they can buy these assets for five million dollars once that happens. It is very clear that nobody is coming to buy these assets right now. There are no friends left here for us. In 2019, during our administration, we arranged four investments for the much hyped Port City and the foundation stones were laid. I can tell you that those investments or anything else won’t come to Port City next year. All countries in the world are experiencing varying degrees of volatility and instability as the virus has again plunged the world back into uncertain territory. No friends have been left for us in the midst of it.
“So coming to a national consensus on structural reforms needed to get out of the economic crisis is critical right now. It’s up to the government to show the right signals that it is ready to move along the correct political and fiscal path to get the support of everyone to do it,” he said.
News
US embassy won’t comment on IGP’s probe into joint drug raid
… America-Pakistan developed required ‘intel’ for operation
By Shamindra Ferdinando
The US Embassy in Colombo declined to comment on a special police probe into the recent narcotics detection, jointly made at the China-managed Colombo International Container Terminal (CICT) by the US Drug Enforcement Administration’s (DEA) New Delhi Country Office and Sri Lanka Police..
US Embassy spokesperson said that the mission wouldn’t add to their press release, issued on 2 Sept., in the immediate aftermath of the raid.
Police Headquarters, on 11 Sept., declared that the Central Crime Investigation Bureau (CCIB) was conducting investigations into the recovery of 473 kg of Crystal Methamphetamine (‘Ice’). Police never acknowledged the role played by the US in the operation.
According to Police Headquarters, on a directive given by IGP Priyantha Weerasooriya, the Special Investigation Unit has launched an internal probe into, what it called, shortcomings and irregularities in the Colombo Port raid.
The Island:
Have you (relevant US authorities) received an update of Sri Lanka’s investigations from the Police?
US Embassy:
U.S. and Sri Lankan law enforcement authorities maintain close and ongoing cooperation on counternarcotics matters, including the exchange of information that helps both countries combat transnational drug trafficking. We don’t have anything further to share on communications with Sri Lankan authorities beyond what we’ve already said publicly about the successful operation.
The Island:
Did the Police seek clarification regarding DEA, New Delhi Country Office role in the successful raid?
US Embassy:
As the Embassy noted publicly following the seizure, cooperation with the U.S. Drug Enforcement Administration contributed to the Sri Lanka Police Narcotics Bureau’s successful seizure of approximately 463 kilograms of methamphetamine at the Port of Colombo.
The seizure demonstrates the value of close U.S.-Sri Lankan cooperation in disrupting transnational narcotics trafficking.
The Island:
Before we raised this issue were you aware of the internal investigation into the drug bust which was also raised in Parliament last week?
The US Embassy:
We don’t have anything further to share beyond what we’ve already said publicly about the successful operation.
Our focus remains on the strong U.S.-Sri Lanka law enforcement partnership and the concrete results our cooperation can deliver—disrupting transnational criminal organisations, cutting off the profits that fuel illicit drug trafficking, and protecting our citizens from the dangers of narcotrafficking.
The US Embassy attributed the success of the counternarcotics operation to the US-Sri Lanka partnership
The US Embassy statement, dated 2 Sept: The U.S. Drug Enforcement Administration’s (DEA) New Delhi Country Office and Sri Lanka’s Police Narcotics Bureau (PNB) conducted a successful joint operation disrupting a Pakistan-based narcotrafficking network attempting to smuggle crystal methamphetamine through Sri Lanka to international markets.
Acting on intelligence developed by DEA’s Foreign Counterparts Unit Pakistan Anti-Narcotics Force Special Investigations Cell between August 14–29 on suspicious maritime containers moving from Pakistan to Colombo, PNB seized approximately 463 kg of crystal methamphetamine with a street value of $21 million, concealed in bath towels, and arrested several suspects, including Pakistani nationals. This operation underscores the strength of the U.S.-Sri Lanka partnership in dismantling transnational criminal organisations that fund terrorism and threaten communities in both our countries. This cooperation builds on long-standing training and technical assistance provided through the U.S. Department of State’s Bureau of International Narcotics and Law Enforcement Affairs (INL) to the Sri Lanka Police and Customs. The United States remains committed to working with Sri Lanka and regional partners to aggressively pursue transnational criminal organizations, deny them the revenue from illicit drug trafficking, and protect our citizens from the dangers of narcotrafficking.”
SLPP National Organiser Namal Rajapaksa, in Parliament, raised questions about the internal investigation into the raid. However, Rajapaksa, too, hasn’t mentioned the US role in the operation. The Special Investigation Unit has recorded a statement from Senior DIG Ranmal Kodituwakku regarding the Colombo Port raid.
MP Rajapaksa questioned the rationale behind questioning the officer who led the raid against the backdrop of controversial releasing of 323 containers from the Colombo Port in January 2025. The failure to question those responsible for the releasing of 323 containers indicated who was behind that operation, MP Rajapaksa told Parliament.
News
Gnanasara Thera declares outside High Court that he wouldn’t flee
Bodu Bala Sena (BBS) General Secretary Ven. Galagodaaththe Gnanasara Thera appeared before the Colombo High Court yesterday in a case filed by the Attorney General over statements allegedly insulting Islam.
The case was taken up before Colombo High Court Judge Buddhika C. Ragala, who ordered that it be called again on September 30.
His appearance came six days after the Supreme Court invalidated the presidential pardon granted to Gnanasara Thera by former President Maithripala Sirisena in 2019.
Speaking to journalists outside the court, Gnanasara Thera said he was prepared to face the legal process and would abide by the law, rejecting reports that he had gone into hiding following the Supreme Court judgment.
“It is the weak who disappear and flee. We worked for the country and are facing the consequences for that. We are not afraid and will not flee,” he said, noting that he would surrender to the court and face whatever legal consequences following the Supreme Court decision.
The Supreme Court, on September 10, ruled that the presidential pardon granted to Gnanasara Thera by Sirisena was invalid. The judgment followed fundamental rights petitions challenging the legality of the pardon. A three-judge bench, comprising Justices Janak de Silva, Sobhitha Rajakaruna and Sampath Abeykoon, delivered the ruling.
Gnanasara Thera was convicted by the Court of Appeal in 2018 for contempt of court and sentenced to a total of 19 years’ imprisonment to run concurrently as six years. The conviction related to his conduct during proceedings at the Homagama Magistrate’s Court concerning the disappearance of Prageeth Eknaligoda.
He was released from Welikada Prison on May 23, 2019, after then President Maithripala Sirisena had granted him a presidential pardon.
The Supreme Court found the pardon to be arbitrary and invalid in law, following its consideration of the petitions challenging the exercise of the presidential power of clemency.
Meanwhile, police have said they are awaiting the Supreme Court judgment before determining what further action should be taken following the invalidation of the pardon.
The proceedings before the Colombo High Court yesterday are separate from the contempt of court case that resulted in the six-year sentence. They concern alleged statements made by Gnanasara Thera regarding Islam.
In June this year, the Colombo High Court rejected an appeal by Gnanasara Thera against a nine-month prison sentence imposed by the Colombo Magistrate’s Court in connection with statements made at a 2016 media briefing that were found to have disrupted religious coexistence.
The latest High Court proceedings, therefore, form part of separate legal action concerning his alleged remarks about Islam, while the Supreme Court ruling relates specifically to the legality of the 2019 presidential pardon granted in connection with his contempt of court conviction.
The case before the Colombo High Court will be called again on September 30.
News
Namal further remanded
Colombo Fort Magistrate Pasan Amarasena yesterday (16) ordered SLPP National Organiser Namal Rajapaksa, MP, to be further remanded, until September 23. The Magistrate issued the order when Rajapaksa was produced before the court as a suspect in an investigation into an alleged USD 2 million bribe case connected to the acquisition of aircraft for SriLankan Airlines.
The Magistrate issued the order following the submissions made by Deputy Solicitor General Janaka Bandara, appearing on behalf of the Criminal Investigation Department (CID).
President’s Counsel Anil Silva, along with other attorneys representing Rajapaksa, also made submissions before the court.
The Magistrate also announced that a decision on Rajapaksa’s bail application would be announced on 23 September.
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