News
JVP: Corruption, not lack of relief, driving investors away
Existing laws sufficient to attract foreign investment
By Saman Indrajith
Foreign investors were reluctant to park their money here not due to lack of tax relief or legal issue but because of corruption, the JVP said yesterday.
Addressing the media at the party headquarters in Pelawatte, JVP General Secretary Tilvin Silva said that investors had chosen many other destinations where the laws were tougher than in Sri Lanka. “Chinese investments are not determined by the laws and regulations of their investment destinations but by the decisions of centralised single party administration. Whenever the Chinese government names the places of investment, their investors go there. Foreign investors from other countries have concerns over a country’s infrastructure, legal system and tax regimes. But such investors are put off by Sri Lanka’s political leaders who demand commission. The investors are asked to give huge commissions to many politicians starting from the very top. This is the reason why investors are not coming here. The solution for this problem is not building special economic zones such as the Port City, but ending the culture of corruption.
The JVP General Secretary said that the government’s claim that the Port City Bill was aimed at attracting investors was unacceptable.
“We accept that investors should be attracted by giving them some relief and facilities ensuring their objective of maximising their profits. But the country already has such mechanisms. The Greater Colombo Economic Commission was set up for the said purpose and it was later expanded to form the Board of Investment, which gives relief to investors. In order to give more tax reliefs to investors, the Strategic Development Act was implemented. Those legal provisions are sufficient to attract foreign investors but will they come to this country when the ministers and their wheeler-dealers are asking for huge percentages in commissions?” Silva queried.
NPP MP Dr Harini Amarasuriya and writer Keerthi Welisarage also addressed the press.
News
FSP complains of irregularities in a Guinness World Record event held in Sri Lanka
The Jana Aragala Sandhanaya yesterday lodged a complaint with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), calling for an investigation into Deputy Minister Sundaralingam Pradeep over alleged irregularities related to a Guinness World Record event held in Sri Lanka.
The organisation alleged that state patronage had been extended to a private company for the event and that large sums of money had been collected from around 5,000 families of participating students.
Speaking to the media, after submitting the complaint, Jana Aragala Sandhanaya National Executive Council member and Frontline Socialist Party (FSP) Secretary, Duminda Nagamuwa, alleged that the government had promoted the Bharatanatyam workshop, held on June 14, as an event that secured a Guinness World Record for the participation of the largest number of students.
He said a government politician had taken the lead in organising the event, attended by Deputy Minister Mahinda Jayasinghe.
Nagamuwa questioned the decision to provide state support for an event organised by a private entity, claiming that the Guinness certificate issued for the achievement had been awarded not to Sri Lanka or a state institution, but to a company.
“Why did the government provide state patronage to a private institution’s programme?” he asked.
He alleged that each of the approximately 5,000 participating students had paid Rs. 5,000, resulting in the collection of a substantial amount of money. He claimed that parents were also asked to pay additional amounts of Rs. 3,450 for logos and Rs. 2,350 for certificates.
Nagamuwa alleged that many families, from economically disadvantaged backgrounds, had incurred heavy expenses travelling to Colombo and staying there for several days for the event, with some families spending around Rs. 30,000 each.
News
Opposition MPs sign motion demanding debate on prolonged failure to fill vacancies in superior courts
Opposition MPs yesterday signed a motion demanding an adjournment debate in Parliament on the prolonged failure to fill vacancies in Sri Lanka’s superior courts.
The motion, submitted under Standing Order 83(1), calls for a debate on the implications of leaving more than eight vacancies in the Supreme Court and the Court of Appeal unfilled for over six months.
The Opposition said the proposed debate would examine the impact of the vacancies on the administration of justice, the rule of law, the protection of fundamental rights and public access to justice, while urging the authorities to expedite appointments to the vacant posts.
The motion, bearing the signatures of Opposition MPs, is to be forwarded to Speaker Dr. Jagath Wickramaratne, for approval, to schedule the debate.
News
Another Lankan desperado deported from Malaysia arrested at BIA
Suranga Sanjeewa Karunaratne, alias ‘Matiya’, an alleged underworld gunman linked to organised crime figure Kehelbaddara Padme, was arrested on arrival at the Bandaranaike International Airport in the early hours yesterday.
Police said the suspect, a resident of Kotugoda, Yagodamulla, had been detained by Malaysian authorities and deported to Sri Lanka. Officers of the CID took him into custody upon his arrival.
Investigators said an Interpol Red Notice had been issued against the suspect.
Karunaratne is wanted in connection with the fatal shooting, near the Gampaha Magistrate’s Court, in July, 2022, in which alleged organised criminal ‘Paspodda’ was killed and several others sustained injuries.
Following preliminary questioning by the CID, the suspect was handed over to the Western Province North Crimes Division for further investigations. Police said a 72-hour detention order had been obtained to facilitate further inquiries.
by Norman Palihawadane ✍️
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