News
New Chairman of RDB assumes duties
Regional Development Bank (RDB), the state owned premier development bank in the country, announced the appointment of Lasantha Fernando as its ninth Chairman on Nov. 1.
With over 35 years of industry experience, spanning corporate banking, retail and branch banking, development banking, credit administration and recoveries, Fernando is set to lead RDB in its mission to support sustainable rural and semi urban economic growth.
Fernando said: “I accepted the position of Chairman at RDB without hesitation, as it fulfills a longstanding aspiration to serve those at the grassroots level in our society. RDB Bank, with its strong and dedicated workforce and extensive branch network, is ideally positioned to make a meaningful impact. Our goal will be to uplift the livelihoods of enterprising individuals, create new opportunities, and generate employment—ultimately contributing to the growth of our domestic economy. Together, we will work towards empowering communities and building a brighter future for all.” Fernando served as Deputy General Manager of Development Banking at Hatton National Bank PLC (HNB), one of Sri Lanka’s largest commercial banks. In this role, he oversaw SME, microfinance, rural, and agricultural financing, developing strategies to bolster the rural economy. He also helped establish market linkages for micro-entrepreneurs, enabling their growth toward SME and even corporate-level operations.
As Deputy General Manager of Recoveries at HNB, Fernando adopted a hands-on leadership approach, working closely with regional managers, field, and branch staff to guide and motivate them toward achieving financial targets.
Fernando’s international experience includes a secondment to Lakshmi Bank in Kathmandu, Nepal, where he served as Deputy General Manager. Additionally, he has served on the boards of HNB subsidiary, Sithma Development (Pvt) Ltd. and Associate, Splender Media (Pvt) Ltd., and as an independent Director at Richard Pieris Finance Ltd., where he chaired both the Board Audit Committee and the Board Integrated Risk Committee.
Since his retirement, Fernando has taken on advisory roles with the Asian Development Bank (ADB), Vision Fund Lanka, and Sejaya Micro Credit Ltd., focusing on SME and microfinance.
He holds a Diploma in Bank Management, is a Fellow of the Institute of Bankers (FIB) and a Master of Business Administration (MBA) University of Colombo. A distinguished old boy of both St. Thomas College, Mount Lavinia, and Royal College, Colombo, he brings a rich background of expertise and commitment to his new role.
The RDB said it looks forward to Fernando’s stewardship in moving the bank towards growth with renewed strength.
News
Prison rules to be revised over monks’ attire
Appointment of committee eyewash, says UNP
The government is considering changes to prison regulations pertaining to the treatment of Buddhist monks serving jail terms, including their right to wear monastic robes when taken outside prison.
Justice and National Integration Minister Harshana Nanayakkara announced the proposed changes yesterday (14) following the submission of an interim report by a committee appointed to review the rules and procedures governing prisons.
The report was handed over to Secretary to the President Dr Nandika Sanath Kumanayake at the Presidential Secretariat.
One of the key recommendations is to amend Prison Standing Order 356 by introducing a new provision, 356(A). The proposed revision would require prison authorities to consult the Department of Buddhist Affairs on the removal of a monk’s robes upon admission to prison. The Commissioner of Prisons would be allowed 10 days to notify the department and take the necessary steps.
A separate amendment to Departmental Order 550 would allow Buddhist monks to wear their robes whenever they are taken outside prison, unless their respective Nikaya formally requests that the privilege be withdrawn.
The committee has also recommended extending similar arrangements, with suitable modifications, to members of other religious clergy who are imprisoned.
The proposals follow concerns raised over the treatment of Ven. Galagoda Aththe Gnanasara Thera after he was taken into custody. President Anura Kumara Dissanayake subsequently held discussions with representatives of the three main Buddhist Nikayas and appointed the committee to examine the existing legal framework.
Nanayakkara said the interim report had been forwarded to the Acting Commissioner General of Prisons, along with instructions to revise the relevant standing orders in accordance with its recommendations.
The proposed amendments have yet to be confirmed as formally implemented.
Meanwhile, the UNP yesterday criticised the government’s decision to appoint a committee to make recommendations on the attire to be worn by imprisoned Buddhist monks and other religious leaders when taken outside prison, describing the move as unnecessary.
In a statement issued yesterday (14), the UNP said the procedures governing the matter were already clearly set out in the Department of Prisons’ Standing Orders, making the appointment of a separate committee unwarranted.
The party cited remarks by Professor G.L. Peiris, Convenor of the Janathawadi Joint Opposition, who had described the committee’s appointment as a
“complete eyewash” and questioned the need for such a move.
Referring to Standing Order 550 of the Prisons Department, the UNP said convicted prisoners appearing before court for legal proceedings should not be required to wear prison uniforms.
It further stated that the regulations allowed prisoners to wear civilian clothing consistent with what they wore before imprisonment, including attire appropriate to their cultural and religious backgrounds.
The UNP accused the government of unnecessarily prolonging the issue by appointing a committee, despite the existence of regulations governing prisoners’ attire.
The party also called on the government to seek forgiveness from the Mahanayake Thera and the Sangha Council of the Kotte Sri Kalyani Samagri Dharma Maha Sangha Sabha of the Siyam Maha Nikaya over the decision concerning the religious attire of Ven. Galagoda Aththe Gnanasara Thera.
News
AC President recuses himself from hearing prison attire case pertaining to Gnanasara Thera
Court of Appeal President Justice Rohantha Abeysuriya yesterday withdrew from the bench hearing petitions challenging the decision by prison authorities to require Ven. Galagoda Aththe Gnanasara Thera to wear prison attire following his imprisonment.
The decision was announced when the petitions seeking to invalidate the prison authorities’ decision were taken up for consideration on October 14.
Following his withdrawal, a three-judge bench was appointed to hear the petitions.
The petitions relate to the prison authorities’ decision to require Gnanasara Thera to wear prison attire after he was taken into custody to serve the remainder of his sentence for contempt of court.
In September this year, the Supreme Court annulled the presidential pardon granted to Gnanasara Thera by former President Maithripala Sirisena in May 2019.
Following the ruling, the Court of Appeal directed the Commissioner General of Prisons to take the necessary steps to enforce the remainder of the monk’s prison sentence.
Gnanasara Thera had originally been sentenced to six years’ imprisonment for contempt of court but had served only around nine months before receiving the presidential pardon in 2019.
News
Court orders steps to obtain INTERPOL Red Notice against Basil
The Fort Magistrate’s Court yesterday issued an arrest warrant for former Minister Basil Rajapaksa over the alleged misuse of funds belonging to the Sri Lanka Tourism Promotion Bureau during the 2014 Uva Provincial Council election.
The Magistrate also directed the CID Illegal Assets Investigation Division to take necessary steps to obtain a Red Notice through Interpol.
The orders were issued following submissions made by the CID in connection with the alleged financial irregularities.
The CID’s Illegal Assets Investigation Unit informed the court that Rs. 7.8 million allocated to the Sri Lanka Tourism Promotion Bureau in 2014 had allegedly not been used for the Bureau’s promotional activities.
Instead, the funds had allegedly been used to provide 12,000 T-shirts during the Uva Provincial Council election, causing a financial loss to the government, the CID told court.
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