News
Probe into country’s bankruptcy: Ex-COPE Chief going ahead with own inquiry
‘PSC appointed by Speaker irrelevant’
By Shamindra Ferdinando
Rebel SLPP lawmaker and former Chairman of Committee on Public Enterprises (COPE) Prof. Charitha Herath, on Tuesday (11) declared that he would lead a thorough inquiry into the economic crisis, regardless of the probe announced by SJB leader Sajith Premadasa.
Pointing out that the Parliamentary Select Committee (PSC), headed by SLPP General Secretary Sagara Kariyawasam that had been appointed by Speaker Mahinda Yapa Abeywardena to investigate the crisis didn’t find favour with the Opposition, Prof. Herath vowed to finalise his inquiry within three months. As stressed by Opposition Leader Sajith Premadasa at a meeting with senior party representatives, the Opposition could go ahead with its investigation, Prof. Herath said.
The PSC named by Speaker Abeywardena consisted of SLPP MPs Sagara Kariyawasam, Pavithra Devi Wanniarachchi, D.V. Chanaka, Mahindananda Aluthgamage, Jayantha Ketagoda, Pradeep Undugoda, Sanjeewa Edirimanna, Nalaka Bandara Kottegoda and Prof. Ranjith Bandara, Samagi Jana Balawegaya (SJB) MPs Eran Wickramaratne, Ashok Abeysinghe and Harshana Rajakaruna, National People’s Power (NPP) MP Vijitha Herath, and Tamil National Alliance (TNA) MP Shanakiyan Rasamanickam.
Addressing the media at Nidahasa Janatha Sabhawa Office, at Nawala, Prof. Herath explained the need to investigate the period from 2010 with the focus on the Mahinda Rajapaksa government (2010-2014), the Maithripala Sirisena-Ranil Wickremesinghe administration (2015-2019) and the Gotabaya Rajapaksa administration (2019-April 2022).
Prof. Herath said that Speaker Abeywardena ridiculed Parliament by naming a PSC that only represented the interests of the SLPP. Therefore, the Opposition had no option but to quit that PSC, thereby rendering it useless, Prof. Herath said.
The new entrant to parliament told The Island as the Chairman of the parliamentary watchdog committee COPE that called for the setting up of a PSC in early July last year to investigate the economic crisis, he strongly felt the country couldn’t move an inch until those responsible for economic ruin were identified.
Herath said his inquiry would pay special attention to Sri Lanka’s entry into the Sovereign Bond market in 2008, the year before the armed forces brought the war against the LTTE to a successful conclusion.
The MP explained that he intended to investigate the allegations directed at the Mahinda Rajapaksa administration that the country suffered as a result of imprudent investments on major infrastructure projects. President Mahinda Rajapaksa also served as the finance minister during that period.
The focus of the Yahapalana administration would be on record Sovereign bonds worth USD 12.5 bn taken during that period. Of USD 16 bn, yahapalana rulers took USD 12.5 bn within five years, the MP said. The current main Opposition SJB had been part of the Yahapalana administration.
According to the former COPE Chief, the basis for the inquiry on Gotabaya Rajapaksa’s administration would be the Special Audit report on financial management and public debt control in Sri Lanka (2018-2022).
Latest News
Royal Navy of Oman Vessel “SADH” arrives at Port of Colombo
The Royal Navy of Oman Vessel “SADH” arrived at the Port of Colombo on a logistics replenishment visit on Tuesday (10 Feb 26). The Sri Lanka Navy welcomed the visiting ship in
compliance with naval traditions.
The 75m – long ship is commanded by Lieutenant Commander Shaheen Saud Abdul Rahman AI Balushi.
The port call will facilitate professional interaction and goodwill exchanges between the two navies.
During the stay in Colombo, crew members of the ship are expected to visit some tourist attractions in the city of Colombo.
News
NPP: Speaker won’t step down, CIABOC can investigate him
* New Auditor General should not have been sworn in before Speaker – Opp.
* Suspended House Dy. Sec. Gen. Chaminda Kularatne takes his case to CA today
General Secretary of the National People’s Power (NPP) Dr. Nihal Abeysinghe yesterday said that there was no need for Speaker Dr. Jagath Wickramaratne to step down in view of the complaint lodged against him with the CIABOC (Commission to Investigate Allegations of Bribery or Corruption).
NPP General Secretary said so in response to The Island query whether the parliamentary group of the ruling party discussed the growing Opposition calls for the Speaker, who is also the Chairman of the Constitutional Council, to step down to facilitate the investigation.
The NPP parliamentary group consists of 159 MPs, including 18 National List (NL) members.
NL member Dr. Abeysinghe asked whether any other person, who had been investigated by the CIABOC, stepped down from his or her position to facilitate the inquiry.
The top official emphasised that the CIABOC could go ahead with its investigation without any hindrance.

Chamindra and Dr. Jagath
Opposition sources said that there hadn’t been a similar situation before and the CIABOC investigation into Speaker Dr. Wickramaratne is unprecedented as he heads the 10-member CC responsible and directly involved in all key appointments, including that of members to the CIABOC.
Sources pointed out that the newly appointed Auditor General, Ms. Samudrika Jayaratne, took the oath of secrecy before the Speaker on 5 February in Parliament after suspended Deputy General Secretary of Parliament Chaminda Kularatne complained to CIABOC.
In accordance with Section 9 of the National Audit Act, No. 19 of 2018, Jayaratne took the oath of secrecy in her capacity as the Auditor General of the National Audit Office and Chairperson of the Audit Service Commission.
Sources said that Kularatne would move the Court of Appeal today (10) against his removal at the behest of the Staff Advisory Committee, headed by the Speaker.
By Shamindra Ferdinando
News
Trinco Buddha statue case: All suspects, including 4 monks re-remanded till 11 Feb.
The Trincomalee Magistrate’s Court yesterday (09) further remanded 10 persons, including four Buddhist monks, arrested on 19 January, 2026, for allegedly placing a Buddha statue in the coastal reservation, on 16 January.
The Buddhist monks, including Ven. Balangoda Kassapa Thera, and six other individuals, were further remanded until 11 February.
They have been accused of violating the Coast Conservation Act by placing a Buddha statue on a block of land belonging to the Trincomalee Bodhiraja Temple.
Of the four monks, Ven Balangoda Kassapa Thera and Ven Trincomalee Kalyanawansa Tissa Thera moved the Court of Appeal against the Magistrate’s Court decision. The case was heard on 22 January before a Bench comprising the President of the Court of Appeal, Justice Rohantha Abeysuriya, and Justice K. Priyantha Fernando.
Manohara de Silva, PC, and President’s Counsel Uditha Igalahewa, PC, appearing for the petitioners, urged the Court to take up the matter urgently, describing it as a case of exceptional importance.
However, the Court of Appeal on 3 February dismissed the petitions against the remanding of Ven Balangoda Kassapa Thera and Ven Trincomalee Kalyanawansa Tissa Thera.
The order was issued by the Court of Appeal bench consisting of the President of the Court of Appeal, Justice Rohantha Abesuriya and Justice Priyantha Fernando.
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