Midweek Review
Impact on Parliament
Landmark Nov. 14 SC ruling:
Parliament should look into how the Committee on Public Accounts (COPA) a couple of months ago recognized the Finance Ministry as a high performing government institution for its performance in 2019 and 2020. The Finance Ministry in spite of being embroiled in 2019 tax cut (implemented without parliamentary approval) and 2020 sugar duty scam and unpardonable negligence that led to economic collapse were awarded the Silver prize for 2019 and 2020. Awards were given at an event attended by President Ranil Wickremesinghe, the current Finance Minister and Premier Dinesh Gunawardena. COPA Chief Lasantha Alagiyawanna owed an explanation as to how the Finance Ministry was chosen for the honours. The SC ruling must compel COPA and Parliament to evaluate the Silver given to the Finance Ministry. We do concede those two were trying years and the Finance Ministry maintained a semblance of normalcy after the devastating Easter Sunday Carnage and COVID-19 pandemic not seen before in our living memory, delivered body blows, especially to tourism and so many other economic arteries of the country. But the question is whether this is the time to pat ourselves in the back when most of the country’s people are literally gasping for life.
By Shamindra Ferdinando
Pivithuru Hela Urumaya (PHU) leader and former Minister Udaya Gammanpila, MP, on Nov 16, 2023, said that the first warning of the impending economic crisis had been given by a section of the ruling Sri Lanka Podujana Peremuna (SLPP) in 2020.
The declaration was made in Parliament two days after the Supreme Court determined that ex-President Gotabaya Rajapaksa and former Finance Ministers Mahinda Rajapaksa (Nov 2019-June 2021) and Basil Rajapaksa (June 2021-April 2022), Treasury Secretary S.R. Atygalle (Nov 2019-April 2022) and ex-Governors of the Central Bank Prof. W.D. Lakshman (Nov 2019-Sept 2021) and Ajith Nivard Cabraal (Sept 2021-April 2022) bore responsibility for the current economic crisis. That determination was made in respect of several fundamental rights applications.
In addition to the above-mentioned politicians and officials, they found fault with Dr. P.B. Jayasundera, Secretary to the President, and the Monetary Board consisting of five persons. At the time of the crisis, the Monetary Board consisted of Governor CB Prof. W.D. Lakshman/Ajith Nivard Cabraal (ex-officio), Treasury Secretary S.R. Attygalle (ex-officio) and Samantha Kumarasinghe, Dr. Ranee Jayamaha and Sanjeeva Jayawardena, PC.
The SC, in a historic ruling, determined they violated the fundamental rights of the people by mismanaging the economy between 2019 and 2022.
Chief Justice Jayantha Jayasuriya, PC, Justices Buwaneka Aluwihare, PC, Priyantha Jayawardena, PC, Vijith K. Malalgoda, PC, and Murdu N.B. Fernando, PC comprised the bench. Justice Jayawardena disagreed.
But the judgement has exonerated ex-Central Banker Dr. Rani Jayamaha and senior Attorney-at-Law Sanjeeva Jayawardena from any penalty. Why did Dr. Jayamaha and Jayawardena not resign if they disagreed with those wrong policies?
Four days after the SC declaration, the Central Bank, in a statement headlined ‘COMPOSITION OF THE GOVERNING BOARD (GB) AND THE MONETARY POLICY BOARD OF THE CENTRAL BANK OF SRI LANKA’ stressed that Dr. Jayamaha and Jayawardena were no longer members of the Governing Board of CBSL appointed in terms of the provisions of the Central Bank of Sri Lanka (CBSL) Act, No. 16 of 2023. The new Act was passed on July 20, 2023. Dr. Ranee Jayamaha who had been a member of the Monetary Board (MB) since 29.07.2020, tendered her resignation from the MB with effect from 12.09.2023, and, therefore, was not a member of the GB. Jayawardena, who continued as a member of the GB, tendered his resignation with effect from 05.11.2023. Therefore, both Dr. Jayamaha and Jayawardena submitted their resignations before the Supreme Court made its final judgment.
Against the backdrop of the SC ruling, the role and the collective responsibility of the Cabinet-of-Ministers regarding the economic collapse should be thoroughly examined. Every member of the then Cabinet, including Attorney-at-Law Gammanpila, therefore bear the responsibility for the current crisis. the Members of the Monetary Board, too, should bear the collective responsibility.
In spite of the five-judge bench being divided 4 to 1 in favour of the decision, it is undoubtedly the most important judgment delivered since the enactment of the 1978 Constitution.
Many an eyebrow was raised when Namal Rajapakse, MP, addressing Parliament on Nov 20 questioned the right of the petitioners to challenge government policy in court. The former minister asserted that such was contrary to the Constitution.
Addressing the Parliament on Nov 16, on the third day of the Budget debate, Colombo District lawmaker Gammanpila said: “We warned in advance of the impending crisis. I’m happy, Dr. Ramesh Pathirana, who served as a member of the then Cabinet, is here. We sought a meeting with the then President Gotabaya Rajapaksa to discuss the deteriorating economic situation. Having repeatedly asked for a meeting we were finally granted an opportunity on Oct. 26, 2020. Dr. P.B.J, Treasury Secretary, Central Bank Governor and the then State Finance Minister Ajith Nivad Cabraal were among those present. The State Minister made the main presentation. We asked them to immediately decide on IMF intervention. All of us were of the view the country required IMF assistance to overcome the crisis. At that time Bangladesh experiencing a similar situation had taken steps to restructure their debt in addition to take a loan facility from the IMF. We stressed the need to restructure our debt. We proposed to seek IMF assistance. They didn’t pay attention to our request. Instead, we were told of them having a domestic solution.”
PHU leader Gammanpila explained how the government turned a blind eye to their repeated efforts to persuade the GR government to control fuel consumption by increasing prices or to introduce a quota system. Lawmaker Gammanpila recalled the SLPP attack on him after he declared on June 11, 2021 the immediate need to increase fuel prices due to the volatile economic situation. “Finally, a marginal increase of Rs. 7 and Rs 20 for a litre of diesel and petrol, respectively, was effected. The SLPP attacked me over the fuel increase even before the Opposition did.”
The SLPP owed the public an explanation why repeated warnings were ignored. Who actually convinced the Cabinet-of-Ministers of an impractical domestic solution? The bone of contention is whether someone deliberately thwarted counter measures, if taken, could have saved the country.
A callous approach
In spite of rapid deterioration of the economy, the Finance Ministry acted in a manner most unbecoming of one of the two most important ministries, the other being the Defence. Amidst the economic crisis triggered by the Corona epidemic, the Finance Ministry callously decided to issue duty free vehicle permits to 225 MPs of Parliament. That move went awry after print, electronic and social media mercilessly hammered the government.
Then the Finance Ministry shocked the country by slashing the Special Commodity Levy (SCL) on imported sugar. Special gazette notification, dated Oct 13, 2020, brought SCL on imported sugar from Rs 50 to 25 cents a kilo. The then Premier Mahinda Rajapaksa served as the Finance Minister while S.R. Attygalle functioned as the Secretary to the Treasury.
In August 2023, United Republican Front (URF) leader Patali Champika Ranawaka alleged that in spite of both the Committee on Public Finance and the Committee on Public Accounts recommendation that the government take measures to recover losses amounting to Rs 16 bn, the Wickremesinghe-Rajapaksa government is yet to do so.
By then, the Gotabaya Rajapaksa government has caused irreparable damage to the economy by slashing a slew of taxes. That ill-fated decision taken at the first meeting of the Cabinet-of-Ministers, chaired by President Gotabaya Rajapaksa in Nov 2019, marked the beginning of the end. Who actually convinced the wartime Defence Secretary who courageously spearheaded the war effort, that was brought to a successful conclusion in May 2009, to gamble on economic-political-social stability?
In April 2021, amidst further deterioration on the economic front, Dr. PBJ declared his confidence in the overall strategy.
ECONOMYNEXT, in an online report posted on April 04, 2021, quoted Dr. Jayasundera as having said: “President Gotabaya Rajapaksa knew revenue will be lost by tax cuts but he considered it an investment, and an 8 percent tax rate slashed from 15 percent, will remain unchanged for 5 years.”
The report was headlined ‘Sri Lanka President knew revenues will be lost, VAT cut to remain for 5 years: Jayasundera’
ECONOMYNEXT further quoted Dr. Jayasundera as having told Colombo Development Forum in April, 2021: “The President promised this nation a new taxation strategy. He knew the revenue will be lost but he considers that lost revenue as an investment in the country. Therefore, outdated archaic taxes have been given up. Single rate VAT has been introduced. New corporate structure has been introduced.”
Jayasundera is also on record as having said the value added tax cut from 15 to 8 percent will stay for another 5 years and income taxes will not be changed, but the deficit will be brought down to percent in the medium term with economic growth.
“We are assuring the tax regime that what we have instituted will not change. For the next 5 years VAT is 8 percent. Income tax is whatever the rate we have gazetted. No other taxes will be brought in. Custom base taxes will be rationalized. We need much more efficient, transparent, compliance, friendly, tax regime and that is given. If you want to raise the turnover, raise the volume, raise the GDP. That is what this is all about. The Treasury Secretary is not allowed to make any changes in taxes.”
What really went wrong? Dr. PBJ. is certainly not a novice and certainly one of the most capable and experienced people having been a veteran Central Banker who had been seconded to the Treasury from as far back as during Finance Minister Ronnie de Mel’s time and retained by virtually all governments up to the last regime in various capacities. He managed the economy as the Treasury Secretary during the costly fourth phase of the Eelam conflict at a time Western powers sought to undermine the economy in a bid to throw a lifeline to the sinking Tigers.
CBSL Chief sets the record straight
Those who carefully listened to the Governor of the Central Bank Dr. Nandalal Weerasinghe when he appeared before parliamentary watchdogs, namely Committee on Public Finance and Committee on Public Enterprises on May 24, and May 25, 2022, respectively, and his unparalleled attack on the political party system, also in Parliament, on August 31, 2022, clearly explained the circumstances leading to the current crisis. The August 31, 2022 speech must have been the strongest delivered by an official at any level in Parliament since independence (Change catastrophic strategies or face consequences – CB warns Parliament, The Island, Sept 07, 2022)
Unfortunately, political parties, represented in Parliament, and the media, didn’t pay sufficient attention to Dr. Weerasinghe’s views. Having perused the SC ruling on the economic collapse, the writer is of the view the SC judgment has justified the CBSL Governor’s declarations in Parliament over a year ago. The Island reported Dr. Weerasinghe’s bombshell revelation in a lead story, headlined ‘MR, ministers, CBSL Governor, Dr. PBJ ignored IMF warnings’ with strapline ‘Dr. Jayamaha says Monetary Board acted regardless of strong opposition’ (The Island, May 26,2022)
Dr. Weerasinghe didn’t mince his words when he declared that the government slashed taxes regardless of IMF advice and also disregarded the CB’s warning regarding the urgent need to secure IMF assistance
The GR government ignored Dr. Weerasinghe’s disclosure. At the time, the outspoken official appeared before the two parliamentary committees in late May 2022, Gotabaya Rajapaksa remained the President though the SLPP was in disarray in the wake of UNP leader Ranil Wickremesinghe receiving the premiership. The Gajaba Regiment frontline combat veteran remained confident of overcoming the crisis. Dr. Weerasinghe’s declarations at watchdog committees didn’t receive the attention they deserved. By the time Dr. Weerasinghe lambasted the political party system on Aug 31, 2022 in Parliament, Gotabaya Rajapaksa was overseas, having fled the country.
Had the SLPP genuinely felt the need to take remedial measures, it could have invited the Opposition to head a Special Parliamentary Select (PSC) Committee to probe the origins of the crisis and to make recommendations. Instead, the SLPP did absolutely nothing. Finally, the Wickremesinghe-Rajapaksa government appointed a PSC in July, 2023, 15 months after Dr. Weerasinghe’s disclosure and a year after Wickremesinghe election by Parliament as the President to complete the balance portion of the ousted President Gotabaya Rajapaksa’s term.
Now that the Supreme Court has declared its verdict, the PSC is irrelevant. The PSC that has been rejected by the main Opposition SJB serves no purpose. The party leaders without delay should reach a consensus on the PSC, headed by SLPP General Secretary and Attorney-at-Law Sagara Kariyawasam.
Perhaps, Prof. Charitha Herath, who has undertaken special assignment to produce a report on the economic ruination, should reconsider his project. The SC judgment must compel both the government and the Opposition to study the verdict.
SLPP lawmaker Namal Rajapaksa revealed how naïve he was when he recently declared that the Parliament is the best place to discuss the economic crisis and remedial measures. Had he listened to Dr. Weerasinghe’s declarations in Parliament in May and August last year, the former Sports Minister wouldn’t have said so. Lawmaker Rajapaksa should realize that having squandered previous opportunities to address the issues at hand, now the matter is certainly out of its hands. All political parties in Parliament should take the SC verdict seriously and appropriately address the issues raised therein.
The way forward
Let us hope all political parties represented in the current Parliament realize that they cannot overcome the crisis by political spin. The overall political environment is bleak. The continuing crisis in Sri Lanka Cricket (SLC) has exposed all with accusations and counter accusations directed at the executive, legislature and the judiciary.
The Wickremesinghe-Rajapaksa government’s response to Opposition backed Sports Minister Roshan Ranasinghe’s offensive against SLC has bared the fragility of even the parliamentary system. The SLC fiasco exposed all. Those who benefited from SLC ended with egg on their face. One thing is clear. The government hasn’t learnt from the catastrophic destruction suffered by the SLPP as a result of the SC judgment. The Supreme Court has given the public fresh hope that politicians and powerful officials aren’t immune to punitive actions. There is hope the SC judgment will strengthen the rule of law. Perhaps, the powerful attack on an utterly corrupt set up that destroyed the country may compel the executive, legislature and judiciary to take a fresh look at the situation on the ground.
The judgment underscored that no one is above the law. Dr. Harsha de Silva, MP, is on record as having said that those who had been faulted by the SC should be deprived of their civic rights. The former UNP State Minister is of the view that strongest possible measures should be taken against them all. The Anti-Corruption Movement affiliated to the SJB recently, in writing, requested President Ranil Wickremesinghe to suspend payment of pension, other facilities, security and vehicles to former Presidents Gotabaya Rajapaksa and Mahinda Rajapaksa. The SJB also asked for suspension of pension to others named by the SC.
But, the breakaway UNP group SJB must be reminded that it owed an explanation regarding three matters namely (1) Treasury bond scams perpetrated in Feb 2015 and March 2016 during the Yahapalana administration (2015-2019). Some of those MPs and several defeated candidates at the last parliamentary polls conducted in August 2020 actively supported bond racketeers. The two massive bond scams caused by that government is yet legally unresolved. For example, then Finance Minister Ravi Karunanayake who was termed by some overseas publication as the best such Minister, claimed, before the Presidential Commission of Inquiry that probed the first bond scam, he was not aware who paid for the costly penthouse he and his family occupied at the time in Colombo.
(2) Why as much as USD 12.5 bn were borrowed from the costly international bond market during the Yahapalana administration for inexplicable reasons without the country at the time either being in any financial crisis or undertaking any new major development projects.
(3) Finally what did the Yahapalana government intended to achieve by doing away with time-tested Exchange Control Act of 1953. The UNP and the SLFP voted for a new Foreign Exchange Act in 2017 that had been brazenly exploited by unscrupulous exporters and others. SJB leader Sajith Premadasa and two of its experts on economic matters Dr. Harsha de Silva and Eran Wickremarathe remained conveniently silent on this issue. It would be pertinent to mention that the controversial Bill was presented in late July 2017 by the then Prime Minister Ranil Wickremesinghe though he didn’t vote. Parliament approved the new law with 94 votes whereas 18 voted against. Others skipped the vote. That decision alone has enabled flight of capital ever since and still not corrected. So no wonder unscrupulous exporters for instance have parked abroad billions of dollars that should have been brought back to the country. So the above could be termed as one of the root causes of the debt crisis that the country is yet trying to extricate itself out of.
Midweek Review
Opp. caught up in CIABOC offensive
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on 12 June questioned former President Mahinda Rajapaksa regarding the USD 2 Mn bribe allegation directed at the late SriLankan CEO Kapila Chandrasena, whose body was found on 8 May in a close relative’s home in Kollupitiya. Chandrasena’s alleged suicide sent shock waves through political circles and interested parties questioned the circumstances leading to him being granted bail on 6 May on cash bail of Rs. 500,000 with three sureties of Rs. 10 million each. The Colombo Magistrate court also imposed a travel ban. The issue at hand is as to how Mohamed Riswan and Mohamed Irshan stood as sureties for Chandrasekera. Of all the investigations undertaken by the CIABOC, the USD 2 Mn bribe case is the most politically charged probe.
Of the Rajapaksas, former State Minister Shasheendra Rajapaksa is so far the last to be indicted. CIABOC on 19 June filed indictments before the Colombo High Court against him and two others Sepalika Saman Kumari and Keerthi Bandara Kotagama. According to the charges, the accused are alleged to have committed the offence of corruption and aided and abetted the commission of the offence by using official influence to pressure certain government officials, attached to the Office for Reparations, to obtain compensation amounting to Rs. 8.85 million for a property built on a state land by Shasheendra and destroyed by marauding Aragalaya mobs.

By Shamindra Ferdinando
The ruling National People’s Power (NPP) government last week emphasised, in no uncertain terms, that it wouldn’t tolerate the growing Opposition challenge.
Amidst the growing controversy over the continuing detention of retired Maj. Gen. Suresh Sallay. in terms of the draconian Prevention of Terrorism Act (PTA), under humiliating conditions, in connection with the ongoing investigations into the 2019 Easter Sunday carnage, police arrested Sugeeshwara Bandara, leader of the New People’s Front (NPF). The Central Crime Investigation Bureau (CCIB) apprehended him on 18 June and the Fort Magistrate’s Court remended him till 1 July..
The CCIB also apprehended Binoy Hettiarachchi who was accompanying Bandara. Hettiarachchi served as a media coordinator at the former President Ranil Wickremesinghe’s Flower Road Office. Police intercepted their vehicle at Kollupitiya where the arrests were made like in an action-packed movie. Hettiarachchi was freed four hours later.
But, it would be better to identify Bandara as the former private secretary to President Gotabaya Rajapaksa as well as the Director General of Special Projects at the Presidential Secretariat in the wake of Ranil Wickremesinghe taking over the presidency.
Accused of receiving two salaries simultaneously, under the President’s Expenditure Head, Bandara who managed the media for Gotabaya Rajapaksa, in the run-up to the 2019 presidential election, is under investigation for abuse of government vehicles and employing government workers for political work.
Having launched his political career as the Colombo District organiser of the alliance New People’s Front, a breakaway faction of the UPFA, in February, 2024, Bandara contested the November, 2024, parliamentary polls on the New Democratic Front (NDF) ticket. But, of late, Bandara, as the leader of NPF, became one of the most active opposition activists, aligned with the political grouping, dubbed People’s United Opposition, operating from Ranil Wickremesinghe’s Flower Road Office.
Bandara drew the wrath of the government when he launched a noisy protest outside Finance Secretary Dr. Harshana Suriyapperuma’s residence at Akuregoda, Pelawatta, on 26 April, where he and his protesting supporters were given a shower of excreta. The group, led by Bandara, demanded the Finance Secretary’s resignation over the theft of USD 2.5 mn from the Treasury. No less a person than President Anura Kumara Dissanayake reacted angrily to Bandara’s actions.
Acknowledging the right for legitimate protests, the President warned against protests directed at residences of officials. On 18 April, Bandara led a protest outside Agriculture Minister K.D. Lal Kantha’s recently built luxury residence at Weliwita, Kaduwela, where he questioned how the JVPer managed to build such a home as he was on record as having repeatedly said that he lived a difficult life.
The police apprehended Bandara as he was returning from a meeting between senior representatives of the People’s United Opposition and the IMF Colombo at the Tiki Bar, Shangri-La. In spite of negligible parliamentary presence, with those elected on the NDF ticket at the last parliamentary election not really speaking in one voice, the Flower Road project has become a headache for the government.
In fact, the Flower Road operation has been causing continuous harassment to the NPP, while the Samagi Jana Balawegaya (SJB) struggled to play its anticipated role as the main Opposition. Instead of conducting a cohesive campaign against the cocky NPP government, members of the SJB seem to be pulling in different directions at the expense of the common opposition front.
Regardless of the Wickremesinghe-led grouping vowing to press ahead with its campaign, the arrest of Bandara is obviously meant to have a detrimental impact on the activities of the Opposition.
It would be pertinent to mention that Bandara had been among those who stayed with President Gotabaya Rajapaksa at the President’s House, in Colombo, as a massive protest erupted on 9 July, 2022. Bandara was among the last to flee the President’s House as the military withdrew, amidst mounting pressure on their positions.
The police arrested Bandara as former President Gotabaya Rajapaksa moved the Court of Appeal in terms of Article 140 of the Constitution to prevent him being arrested under the PTA. The wartime Defence Secretary sought the court intervention in the wake of police probing the 2019 Easter Sunday carnage and obtaining a travel ban against him.
The court heard Romesh de Silva PC’s submissions on behalf of the ex-President on 18 June. The court deferred the hearing to 24 June. The crux of the matter is that the ex-President fears that the CID is about to arrest him on the basis of a statement made by fugitive Azad Moulana, in Paris, linking Sallay directly with the Easter Sunday carnage.
NPP intensifies pressure
The NPP seems confident of its current course of action meant to pin down the Opposition. In spite of unbridled corruption being the major issue on the post-war election platform, no political party succeeded in going flat-out against the political opposition.
However, the NPP allowed the judicial process to continue. The first major sentencing was announced on 2 April, 2025, just six months after the parliamentary polls, handsomely won by the NPP. The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) moved the Colombo High Court successfully against the former Chief Minister of the North Central Province S.M. Ranjith Samarakoon.
Colombo High Court No. 01 Judge Adithya Patabendige sentenced him in terms of Section 70 of the Bribery Act. The HC declared the former CM perpetrated malpractices by ordering fuel to his personal secretary’s vehicle. The personal secretary happened to be Shanthi Chandrasena, wife of his brother S.M. Chandrasena, a former Cabinet Minister and one of the most powerful Ministers to represent the North Central province.
The ex- Chief Minister and the second accused, his personal secretary, were convicted guilty of two charges. Both were sentenced to 16 years rigorous imprisonment and were also ordered to pay a fine of Rs. 200,000/- with an additional two-year prison term in case of default.
Deputy Director General Asitha Anthoney appeared on behalf of the Commission to Investigate Allegations of Bribery or Corruption.
There had never been any really coordinated CIABOC campaign against corruption. No political party, or a particular family, felt threatened by CIABOC. Both those in and outside Parliament acted with impunity. They feared no one. There was no need to be because the powerful and the influential operated above the law.
Just a couple of weeks after sentencing of S.M. Ranjith Samarakoon and Shanthini Chandrasena, the CIABOC arrested the latter’s husband, one-time Deputy Economic Development Minister and Special Projects Minister, S.M. Chandrasena. The CIABOC took him into custody on 4 July, 2025.
The CIABOC accused the former Minister of causing loss to the government by distributing seed corn, imported at a cost of Rs 25 mn, in 2024, among the farmer community in the Anuradhapura district, at a subsidised price. The distribution had taken place ahead of the 2015 presidential election contested by Mahinda Rajapaksa and estranged former SLFP General Secretary Maithripala Sirisena. The CIABOC alleged that Chandrasena exerted undue influence on the Director (Planning) and other officers of the District Secretariat and distributed seeds through his political allies to gain an advantage in the 2015 presidential election and incurred a loss to the government.
Chandrasena was granted bail on 1 August, 2025. He was indicted on 12 June before the Colombo High Court.
Before further discussing the ongoing anti-corruption campaign, let me introduce the top leadership of CIABOC. The Commission consists of Justice W.M.N.P. Iddawela (Chairman), K.B. Rajapakse and Chethiya Goonesekera P.C, with High Court judge R.S.A. Dissanayake as its Director General.
The sentencing of the S. M. Ranjith Samarakoon didn’t really bother his side. The arrest of his brother S.M. Chandrasena, too, didn’t really upset those facing charges. But, sentencing of former Minister Mahindananda Aluthgamage and former Sathosa Chairman and former Trade Minister Nalin Fernando on 29 May, 2025, sent shock waves through the Opposition.
The Colombo High Court Trial-at-Bar sentenced Aluthgamage and Fernando for committing the offence of corruption by purchasing 14,000 carrom boards and 11,000 checkers boards through Sathosa, allegedly to distribute to schools and sports clubs selected by the Sports Ministry, and distributing them to party offices of the government, during the 2015 presidential election campaign thereby, causing a loss of over 53 million rupees to the government, stunned the Opposition.
Aluthgamage was sentenced to 20 years of rigorous imprisonment, Fernando received a sentence of 25 years of rigorous imprisonment. Additionally, a fine of Rs. 100,000 (hundred thousand) was imposed for each count.
The CIABOC’s Assistant Director General Mrs. Anuththara Jayasinghe and Assistant Director General Mrs. Thushari Dayaratne conducted the prosecution.
During the Yahapalana government Aluthgamage spearheaded a high profile anti-corruption campaign, dubbed ‘Yahapalana Top 10 kamba horu’. The then Joint Opposition (JO) group, led in Parliament by Dinesh Gunawardena, published a 750-page book, targeting the Yahapalana ministers. Mahindananda, who spearheaded that campaign, is now serving a long sentence.
The JO group consists of UPFA lawmakers who declined to throw their weight behind the then President Sirisena aligned with the UNP.
Let me mention the names of those against whom the accusations were made by the JO.
Yahapalana corruption
The JO dealt with 10 major cases. (1) The Treasury bond scams perpetrated in 2015 and 2016. Accusations were directed at Ranil Wickremesinghe, Ravi Karunanayake and Governor Central Bank Arjuna Mahendran. The losses were estimated at Rs 26 bn. (2) causing losses amounting to Rs 10 bn through the fraudulent import of vehicles. Ravi Karunanayake was named the chief culprit (3) Misappropriation of Mahapola funds to the tune of Rs. 1 bn. Allegations were directed at Malik Samarawickrema (4) Stealing from an insurance scheme implemented for the benefit of those going for employment in West Asia. The JO accused Thalatha Atukarale of misappropriating funds amounting Rs 1.5 bn (5) Receiving Rs 1.5 bn through the leasing of Hambantota port to China on a 99-year lease. Ranil Wickremesinghe, Malik Samarawickrema and R. Paskaralingam were named the offenders (6) Kabir Hashim was accused of causing a loss of Rs 54 bn by cancelling aircraft ordered from Airbus Industries for the national carrier (7) fraudulent activities pertaining to the release of paddy stocks held by the government. The JO estimated the losses caused to the government at Rs 10 bn. (8) Scam in vehicle parts. Ravil Karunanayake was accused of causing losses amounting to Rs. 6.5 bn, (9 A) Dr. Rajitha Senaratne was accused of leasing of the Modera fisheries harbor and procurement of eight vessels to catch fish, fraudulently, and thereby causing losses up to Rs 1 bn, (9B) The JO also found fault with Dr. Senaratne for perpetrating Rs 1.5 bn fraud in the procurement of medicine and lastly (10) Ranil Wickremesinghe, Malik Samarawickrema, R. Paskaralingam and Charitha Ratwatte were blamed for a massive fraud in the procurement of coal for the Norochcholai coal-fired power plant. That particular fraud was estimated at Rs 5 bn.
Although the JO transformed itself to Sri Lanka Podujana Peramuna (SLPP) later, to successfully contested the 2019 presidential election, none of the above-mentioned cases were investigated. As far as we know, none of those cases had been dealt with during the SLPP rule, from November, 2019, to July, 2022. Faced with an externally backed regime change operation, the SLPP invited Wickremesinghe, who had been named by them in three major corruption cases, to accept the premiership in May, 2022, and presidency in July same year.
So far, there is no indication whether the mentioned JO allegations had received the attention of the CIABOC or the Attorney General of the government. As far as we know of all the politicians and officials, Wickremesinghe is the only one facing imminent threat due to the ongoing case pertaining to him visiting the UK in September, 2023, to join his wife Prof. Maithree at the University of Wolverhampton at her graduation ceremony.
Wickremesinghe has been accused of squandering nearly 17 mn rupees at a time the country was in deep economic turmoil. The Fort Magistrate’s court is scheduled to take up the case on 8 July.
SLPP parliamentary group leader Namal Rajapaksa is also facing a major legal challenge. The former Minister has been indicted on charges of criminal misappropriation of Rs. 70 mn in connection with the controversial Krrish project. The indictments have been forwarded to the Colombo High Court by the Attorney General, alleging that Namal Rajapaksa misappropriated funds by receiving Rs. 70 million from the Indian real estate company for the development of rugby in Sri Lanka.
Yoshitha Rajapaksa, too, has been dealt with by the CIABOC. The Rajapaksas have been accused of lowering qualifications required to join the executive branch of the Navy and then sending him to the Royal Naval Academy in the United Kingdom at taxpayers’ expense. Produced before the Colombo Additional Magistrate, Yoshitha was released on three personal bail bonds of Rs. 5 million each.
Producing Yoshitha before court on 17 June, Deputy Director General of the Bribery Commission, Ruvini Wickramasinghe declared: “”Your Honour, the complaint regarding this incident was received on June 25, 2016. Accordingly, the Commission initiated investigations. The complaint states that the suspect had participated in naval training programmes held in England and Ukraine by misusing government funds, while depriving qualified applicants of such opportunities. At that time, this individual, who is a civilian in the dock today, was also a civilian in 2006 when he was deemed eligible for the Royal Navy Young Officer training at the Royal Naval Academy in the United Kingdom. The opportunities to receive this training are extremely limited. Your Honour, selection to this prestigious course is usually based on being the most outstanding cadet officer during a two-year training period or based on performance during training. However, this suspect, although a civilian in 2006, was proposed and included in the list and was sent for the course in haste.”
The Deputy Director General also stated that Yoshitha Rajapaksa had undergone medical examinations required for overseas training even before being officially recruited into the Navy.
The court was also told that though Sri Lanka previously received scholarships from the UK the Rajapaksa government funded Yoshitha to the tune of Rs 6.2 mn.
Opp. attacks CIABOC
The Opposition has repeatedly attacked the CIABOC with its Director General Ranga Dissanayake being the primary target. Accusing Dissanayake of being a JVPer, the Opposition has repeatedly questioned the conduct of the High Court judge demanding that the CIABOC inquired into the top official’s conduct, especially with regard to the alleged suicide of former Sri Lankan CEO Kapila Chandrasena who had been under investigation pertaining to the receiving of USD 2 mn bribe to facilitate procurement aircraft from Airbus Industrie during Mahinda Rajapaksa’s second term.
Former Foreign Minister Prof. G. L. Peiris, a regular speaker at Flower Road media briefings, alleged that the CIABOC was a political tool in the NPP’s hands.
A section of the Opposition to question the circumstances one-time JVP heavyweight Nandana Gunatilleke died in January this year at the Ragama Teaching Hospital after accusing Dissanayake of pursuing an agenda beneficial to the JVP, a charge denied by the High Court judge. When the writer raised the allegations with Dissanayake, he emphatically denied any wrongdoing on his part https://island.lk/ciaboc-dg-denies-jvp-link/.
The CIABOC has simply ignored accusations directed at its DG who proved through his actions that he really meant high profile public pronouncements against corruption.
Former Deputy Minister and ex-MP Sarana Gunawardena was sentenced to a total of 16 years rigorous imprisonment by the Colombo High Court on June 8, 2026.
During the Yahapalana administration many cases, filed by the CIABOC as well as the Attorney General, were either dismissed or dropped due to lapses on their part. The accused in such cases were ex-MP Sajin Vass Gunawardena, ex-EP Chief Minister Sivanesathurei Chandrakanthan alias Pilleyan, ex-Ministers Johnston Fernando, Rohitha Abeygunawardena, Basil Rajapaksha, Mahindananda Aluthgamage and Janaka Bandara Tennakoon and former AG and CJ Mohan Peiris.
Regardless of Opposition protests, the public appreciate tangible action against corruption. However, the NPP has not been free from serious allegations against it since the last general elections. The release of suspicious 323 containers, plus two containers filled with ice, in January, 2025, followed by the massive coal scam perpetrated in September 2025, loss of over USD 2.5 mn from the Treasury and controversial Aswesuma payments, as well as wealth, accumulated by NPP Ministers as revealed by declarations made to CIABOC, shocked the electorate.
The NPP has failed to counter allegations. The circumstances under which Energy Minister Kumara Jayakody resigned, along with Energy Secretary Udayanga Hemapala, on 17 April, just a week after the NPP defeated the no-confidence motion moved by the Opposition against the Energy Minister. dealt a devastating blow to the NPP’s much touted integrity. The NPP couldn’t explain as to why a person under investigation by the CIABOC for an alleged fraud perpetrated during the Yahapalana government was accommodated in President Dissanayake’s first Cabinet. Indicted before the Colombo High Court, Jayakody’s case commenced last week.
Asset declarations of some NPP Ministers have shocked the country. The SJB has called for CIABOC to investigate them without delay and prove that CIABOC was not only going after the Opposition. Ministers Lal Kantha and Wasantha Samarasinghe are two of the top JVPers who have attracted attention as the Opposition hits back at the government.
SJB MP Mujibur Rahuman said that the JVP/NPP owed an explanation as to how their members amassed so much wealth since 2024 as they repeatedly claimed their inability to meet even their basic needs. But, their asset declarations exposed their blatant lies.
Midweek Review
Geopolitics of the Indian Ocean
Listening to the Winds, Reading the Waves:
Prof. Gamini Keerawella’s latest publication, Winds and Waves: Geopolitical Currents in the Indian Ocean since 1945 will be launched on 5 August at the Auditorium of the Bandaranaike Centre for International Studies (BCIS). The keynote address will be delivered by Prof. T. V. Paul, James, McGill Professor of Political Science at McGill University, Canada and the former President of the International Studies Association (ISA).
Prof. Keerawella, Professor Emeritus of History at the University of Peradeniya, has dedicated hisbook to the memory of Dr. Newton Gunasinghe, the eminent sociologist and Marxist theoretician who encouraged him to venture beyond disciplinary frontiers. In many respects, this work represents a successful realization of that intellectual endeavour. In her testimonial to back cover of the book, Dr. Radhika Coomaraswamy observes that “Gamini Keerawella offers a nuanced and layered account of the Indian Ocean region’s strategic evolution from the era of decolonization to the contemporary phase of intensifying great-power rivalry. Its distinctive analytical perspective makes it an important contribution to the study of international relations, maritime geopolitics, and regional strategic dynamics.” This assessment accurately captures the significance of the work, and I fully endorse her judgement.
This volume constitutes the final publication of a trilogy that explores the evolving dynamics of international relations from a distinctly Sri Lankan perspective. The first study examined the trajectory of Sri Lanka’s defence and foreign policy, while the second revisited the origins, evolution, and principal constituent elements of international relations as an academic discipline from a Global South perspective. The present work broadens the analytical canvas by tracing the shifting geopolitical contours of the Indian Ocean since 1945 and examining the evolving interplay between great-power competition and regional agency.
Indian Ocean not merely maritime transit space
At the heart of Prof. Keerawella’s analysis is the argument that the Indian Ocean is not merely a maritime space of transit but a living archive whose language is inscribed in tides, trade, and collective memory. To uncover the deeper structures that have shaped the region, he draws on Michel Foucault’s concept of the archaeology of knowledge, probing beneath the visible layers of historical experience to reveal successive strata of thought, exchange, and power. This approach enables him to trace the multiple origins of the Indian Ocean’s geopolitical significance through the sedimented traces of how the ocean has been known, governed, and imagined across time. Complementing this perspective is Fernand Braudel’s concept of the longue durée, which provides the framework for understanding the long-term evolution of Indian Ocean geopolitics. As Keerawella notes, for Braudel, history unfolds not as a single linear sequence but as a layered field of continuity and change, revealing the deeper architecture of the past—the slow yet powerful currents that shape political and economic developments beneath the surface of events (Keerawella 2026: xxiii).Prof. Keerawella further notes that later historians such as K. N. Chaudhuri and M. N. Pearson drew on Braudel’s insights and adapted them to understand the Indian Ocean as a polycentric world.
Prof. Keerawella argues that the terms employed in the title of this work—Winds, Waves, and Currents—evoke the ocean’s dual language of surface movement and underlying structure. In his reading, winds and waves signify motion: the visible and often turbulent forces that carry ships, peoples, commodities, and ideas across shifting maritime frontiers. Currents, by contrast, refer to the deeper and less visible forces that shape historical trajectories and connect coasts and continents through enduring patterns of interaction. As he observes, while winds and waves represent the restless dynamics of the ocean’s surface, currents embody the slower yet more consequential energies that operate beneath it, binding disparate regions into a larger maritime system (2026: xx).
Metaphors and Conceptual Foundation
Building on this conceptual foundation, the author employs winds, waves, and currents not merely as metaphors but also as analytical categories. Winds represent changing strategic directions and geopolitical realignments; waves denote recurring cycles of commerce, conflict, and interaction; and currents symbolize the deep structural forces that connect societies across space and time. Viewed from a distinctly Sri Lankan perspective, the volume demonstrates how a strategically located small state at the centre of the Indian Ocean perceives and navigates this maritime space through its own strategic lens. The book opens by situating Sri Lanka within the intersecting forces of history, geography, and power that have shaped the Indian Ocean world. It advances the notion of a dual strategic consciousness that has informed Sri Lanka’s external engagements: a persistent sense of vulnerability, rooted in colonial experience and geographical exposure, coexisting with a cosmopolitan outlook forged through centuries of maritime exchange. Prof. Keerawella contends that this dual consciousness constitutes the underlying framework through which Sri Lanka has historically interpreted and responded to developments in its external environment.
Winds and Waves is a comprehensive study comprising eleven chapters and an extensive introduction that establishes the analytical foundations of the work by treating the ocean simultaneously as text and method. The opening chapter situates Sri Lanka within the wider Indian Ocean system, tracing the island’s navigation through shifting configurations of power while emphasising the agency of small states. The Indian Ocean is presented not merely as a strategic arena but also as a moral and political space, linking Sri Lanka’s historical experience to the broader aspirations and consciousness of the Global South.
Revisiting British withdrawal
The book revisits Britain’s withdrawal from the Indian Ocean, arguing that it was not simply a consequence of post-war decline but the culmination of deeper structural transformations in the international system. Decolonisation, Afro-Asian nationalism, and the emergence of bipolarity fundamentally altered the regional order and created the conditions for Britain’s retreat. In turn, this withdrawal opened the way for superpower competition, particularly between the United States and the Soviet Union, transforming the Indian Ocean into major theatre of Cold War geopolitics.
A substantial portion of the volume is devoted to examining the policies and strategic trajectories of the major powers. The author traces American engagement from Cold War containment through post-Cold War maritime predominance to contemporary Indo-Pacific formulations, demonstrating that U.S. strategy has evolved through the interaction of structural imperatives and changing strategic discourses. Particular attention is paid to the 2026 U.S.–Iran War, which is interpreted as a transformative event that exposed the limits of military hegemony and accelerated patterns of strategic hedging and multi-alignment among regional actors. The book also explores the Soviet Union’s entry into the Indian Ocean in 1968 and the subsequent re-emergence of Russia under Vladimir Putin through selective naval deployments, arms transfers, and strategic partnerships, illustrating what the author characterises as the recurrent rhythms of great-power engagement in the region.
The rise of China receives extensive treatment as one of the most significant structural developments of the twenty-first century. Through the Belt and Road Initiative, port development projects, and naval modernisation, China has translated growing economic power into expanding strategic influence. The author contrasts Beijing’s assertive posture in the South China Sea with its relatively restrained approach in the Indian Ocean, where economic diplomacy and cooperative security initiatives have assumed greater prominence. Equally significant is the discussion of India’s transformation from a regional power into an emerging global strategic actor. The evolution of Indian maritime strategy—from Nehruvian custodianship to contemporary blue-water ambitions—demonstrates how a rising power navigates structural constraints while expanding its strategic reach. Initiatives such as SAGAR, naval modernization, and deepening partnerships with the United States, Japan, and Australia have positioned India as a central actor in the evolving Indo-Pacific order.
Roles of Japan and EU examined
The volume also examines the roles of Japan and the European Union in shaping the contemporary maritime order. Japan’s transition from post-war restraint to proactive strategic engagement, embodied in the Free and Open Indo-Pacific (FOIP) vision, illustrates how middle powers adapt to changing geopolitical realities through coalition-building and maritime capacity enhancement. The European Union’s engagement is portrayed through less visible but nevertheless significant mechanisms, including trade, development cooperation, maritime governance, and norm diffusion, contributing to what the author terms a form of “quiet-making multipolarity” that encourages restraint, stability, and pragmatic cooperation.
Moving beyond conventional geopolitics, the book broadens the analytical framework to address a range of non-traditional security challenges confronting South Asia in general and Sri Lanka in particular. Climate change, piracy, illegal fishing, maritime terrorism, public health vulnerabilities, and digital insecurity are examined as transnational challenges that transcend the capabilities of individual states. The author argues that these issues reveal the limits of unilateral action and underscore the growing importance of cooperation, collective action, institutional innovation, and middle-power leadership in maritime governance.
Prof. Keerawella further situates the Indian Ocean within the wider context of the emerging Asian Century. Asia’s resurgence—driven principally by China and India and reinforced by the dynamism of Southeast Asia—is presented as a major reconfiguration of global power. In this transformation, the Indian Ocean functions as a vital maritime artery connecting energy resources, manufacturing centres, and consumer markets. At the same time, the author cautions against deterministic interpretations, emphasising that the realisation of the Asian Century remains contingent upon how the region responds to persistent inequalities, environmental challenges, governance deficits, and intensifying strategic competition.
Assessing how SL has navigated shifts
The book concludes by returning to Sri Lanka and assessing how the country has navigated contemporary shifts in the regional and global balance of power under the National People’s Power (NPP) government that emerged in the aftermath of the Aragalaya of 2022. The author demonstrates how economic crisis, demands for accountability, and aspirations for a new political culture have reshaped the domestic context within which foreign policy is conducted. Under President Anura Kumara Dissanayake, Sri Lanka is portrayed as pursuing a carefully calibrated strategy that combines engagement with international financial institutions, enhanced cooperation with India in defence and energy sectors, continued economic engagement with China, and functional security relations with the United States. The government’s response to the 2026 U.S.–Iran War—rejecting military access requests from all parties while extending humanitarian assistance—serves as an illustration of the author’s broader argument that strategic flexibility, principled neutrality, and diplomatic agility remain essential for small states navigating an increasingly complex Indian Ocean order.
Taken together, the book advances several interconnected propositions. First, the Indian Ocean is entering an increasingly multipolar era in which power is exercised through complex networks of cooperation, competition, and interdependence rather than rigid alliance structures. Second, small states are neither passive spectators nor mere proxies of great powers; they possess strategic agency and navigate competing pressures through hedging, diversification, and calibrated diplomacy. Third, Sri Lanka’s strategic behaviour—characterised by navigating asymmetry through flexibility and ambiguity—reflects a historically rooted dual consciousness that combines vulnerability with cosmopolitan engagement. Fourth, non-traditional security challenges and environmental governance are no longer peripheral concerns but central components of the evolving regional order.
Need for adaptive navigation
Prof. Keerawella argues that contemporary statecraft in the Indian Ocean requires adaptive navigation rather than rigid alignment. In a fluid and contested maritime environment, survival and influence depend less on resisting structural change than on understanding and responding to it with prudence, flexibility, and strategic clarity. The book therefore offers important insights into how small states can transform structural vulnerability into strategic agency and convert exposure into opportunities for engagement within a changing regional order.
Combining historical depth with contemporary analysis, it provides a nuanced understanding of the interaction between great-power competition, regional transformation, and the strategic choices of smaller states. The book will be of considerable value to students and scholars of international relations, political science, strategic studies, and maritime affairs, while also offering useful perspectives to policymakers, diplomats, and practitioners. Equally important, it opens several promising avenues for future research on the Indian Ocean and the emerging Indo-Pacific order.
Hermeneutic approachs
Methodologically, the study draws upon hermeneutic approaches to examine the geopolitical and maritime environments that shape relationships among states, societies, and historical processes. The result is a work that is both analytically rigorous and intellectually engaging. This review has sought less to evaluate the book in a conventional sense than to introduce its central themes and encourage a wider readership to engage with its arguments. Having highlighted the many merits of the volume, it is worth noting one technical shortcoming: the absence of an index. Given the book’s wide thematic scope and rich empirical content, the inclusion of an index would have significantly enhanced its value as a reference tool for researchers and students alike.
In sum, Prof. Keerawella listens attentively to the winds, reads the waves with analytical precision, and traces the deeper currents that shape the Indian Ocean world. The outcome is Winds and Waves: Geopolitical Currents in the Indian Ocean since 1945, a timely and thought-provoking contribution published by the Bandaranaike Centre for International Studies.
Reviewed by
Dr. Ramesh Ramasamy
Department of Political Science, University
of Peradeniya
Midweek Review
‘The Flying White House’
‘The Flying White House’,
Lavished on ‘the most powerful man’,
Is entirely in a class of its own,
And smacks of a space fiction wonder,
But there’s more than meets the eye here,
Because on the one hand we have,
A novel projection of super power,
And on the other hand a costly deal,
Where a conscience that matters,
Is being mindlessly bartered.
By Lynn Ockersz
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