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‘Revenue raised from new taxes, too, will be robbed, wasted’

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GL asks govt. to secure int’l assistance to recover stolen money

By Shamindra Ferdinando

Former Foreign Minister Prof. G.L. Peiris yesterday (07) suggested that the government seriously consider securing UN support for the recovery of stolen public assets.

Addressing the media at the Nawala Office of ‘Nidahasa Jathika Sabhawa’ consisting of 13 rebel SLPP MPs, Prof. Peiris said the UN’s Stolen Asset Recovery Initiative (StAR), run by the World Bank Group and the United Nations Office on Drugs and Crime, could help cash-strapped Sri Lanka to locate stolen funds.

He said Sri Lanka experiencing the worst ever post-independence economic crisis could utilise the StAR to nab those who had stashed away stolen funds, both here and overseas.

Prof. Peiris, who served as Foreign Minister twice (2010-2015 and August 2021-April 2022), said that the assistance of the international community and local organisation, specialising in anti-corruption activities, was required as successive governments failed to take tangible measures in that regard.

The recovery of stolen assets should be a priority for the government as it was struggling to cope up with further deterioration of the economic situation, the MP said.

Commenting on the drastic expansion of taxes, as key part of the overall measures to enhance government revenue, Prof. Peiris warned that unless action was taken to curb waste, corruption, irregularities and mismanagement in the public sector, even the new taxes couldn’t make a difference. Those who routinely misappropriated public funds would continue to do so, regardless of the economic fallout as repeatedly exposed by both print and electronic media, Prof. Peiris pointed out. Referring to recent reportage on the massive losses suffered by bankrupt Sri Lanka in the procurement of coal for Norochcholai coal-fired power plant complex and the proposed elevated highway from New Kelani Bridge to Athurugiriya revealed how those who were supposed to protect public interests manipulated the process, he alleged.

Prof. Peiris alleged that Wickremesinghe-Rajapaksa government hadn’t indicated any interest in curbing corruption though promises were made both in and out of parliament.

Speaking to The Island later, Prof. Peiris said that both President Ranil Wickremesinghe and Justice Minister Dr. Wijeyadasa Rajapakse, PC, since July this year referred to the proposed Anti-Corruption Bill several times. However, the government had conveniently ignored the shocking revelations made by parliamentary watchdog committees and the Auditor General, the rebel lawmaker said.

The AG’s assertion that those who had been in charge of procurement of a massive load of coal did nothing to negotiate a lower price in spite of the opportunity underscored the growing crisis, Prof. Peiris said.

The former Colombo University Vice Chancellor said that the sugar scam perpetrated in Oct 2020 revealed how influential parties could even manipulate the government at the highest level. Unfortunately, absolutely no action has been taken against those responsible though the Finance Ministry assured action would be taken following an inquiry by the Inland Revenue Department, Prof. Peiris said, adding that the government should take meaningful measures to streamline the tax collection process.

Referring to the ongoing controversy over Thico Group of Companies’ alleged involvement in misappropriation of billions of Rupees, Prof. Peiris said that Sri Lanka should use anti-money laundering laws efficiently. The vast majority of people were struggling to make ends meet while the government intended to tax them further regardless of consequences, the former minister said, urging the government to review its strategies.

The economic crisis couldn’t be addressed by taxing people to death to recover losses suffered by 2020 tax cuts, Prof. Peiris said.



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Elders’ home devastated by fire was a ‘house of horror’: Witnesses

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Death toll rises to 12: Director remanded

Some residents were allegedly chained

Police have come under public pressure to investigate allegations of inhumane treatmenf the residents at an elders’ home in Batagoda, which was also reportedly used as a care centre for persons with special needs, following a devastating fire that has so far claimed 12 lives.

Eyewitnesses who were among the first responders told the media that several residents had been chained inside rooms at the Senehase Kedella Elders’ Home when the fire broke out on Wednesday. They claimed that rescue efforts were hindered as iron chains could not be removed, and that some residents died while being restrained.

Authorities have not yet verified these claims, and Police said investigations are continuing.

Police spokesman ASP F.U. Wootler, contacted for comment, said there were rumours to that effect, but the Police were not in a position to verify the claims until a report from the Government Analyst was received. He said eight survivors with burn injuries were being treated in hospital.

Meanwhile, the Director of the facility had been arrested and was due to be produced before the Horana Magistrate’s Court, Police said adding that he was remanded till June 11.

The death toll from the fire has risen to 12 as of Thursday morning following the recovery of additional charred remains during ongoing forensic examinations at the site. Six others sustained serious injuries and are being treated at the Horana Base Hospital.

Police said 72 residents were inside the facility at the time of the blaze. Of them, 10 died inside the building, seven were injured and hospitalised, while 51 were rescued and relocated.

Survivors were initially housed at Batagoda Junior School before being transferred with Army assistance to another branch of the same care network in Galpatha.

A magisterial inquiry was conducted on Thursday morning. Horana Magistrate Lakmini Vidanagamage visited the scene. The burnt remains were examined and removed under judicial supervision.

Separately, allegations have emerged that residents were required to pay an admission fee of Rs. 75,000, along with a monthly charge of Rs. 35,000 to the centre. Police have not commented on these claims.

The director was taken to the scene as part of ongoing investigations, while forensic experts continue examinations to determine the cause of the fire, which remains undetermined.Anguruwatota Police are conducting investigations.

 By Norman Palihawadane and Nishan S Priyantha

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CERT : AI-generated videos depicting Prez, PM lure public into financial scams

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Sri Lanka CERT has issued a public warning over the circulation of artificial intelligence (AI)-generated videos falsely depicting President Anura Kumara Dissanayake, Prime Minister Harini Amarasuriya and several other prominent personalities to promote fraudulent investment schemes online.

According to complaints received by the national cyber security agency, the videos have been created using deepfake technology and are being used as part of attempts to defraud members of the public through financial scams.

The images of famous sports personalities and other public figures have also been misused in the deceptive content.

The agency has warned that similar AI-generated material has been used to spread false information relating to investment opportunities, employment offers, as well as matters concerning the country’s economy and tax policies.

According to Sri Lanka CERT, the videos are being widely shared across online platforms and frequently contain links urging viewers to make investments in return for purported profits.The agency has cautioned that these links may redirect users to fraudulent websites designed to steal personal information, financial data and money from unsuspecting victims.

Sri Lanka CERT has urged the public to exercise extreme caution when encountering such content online and advised against clicking on suspicious links or sharing personal information through unverified websites.

“The public should remain vigilant and avoid becoming victims of false information and online fraud schemes,” the agency said.

Sri Lanka CERT has also encouraged internet users to verify information through official sources before acting on any investment, employment or financial offers circulated via social media or other online platforms.

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New tax law comes into force

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Speaker Dr Jagath Wickramaratne endorsing the certificate on a Bill (File)

Speaker Dr Jagath Wickramaratne on Wednesday endorsed the certificate on the Inland Revenue (Amendment) Bill, bringing the legislation into force as the Inland Revenue (Amendment) Act, No. 11 of 2026, Parliament sources said.

The Bill, which amends the Inland Revenue Act, No. 24 of 2017, was passed by Parliament on May 19.

The new law introduces a series of reforms aimed at modernising tax administration procedures, improving compliance and enforcement mechanisms, enhancing the accuracy of tax calculations and deductions, and strengthening transparency within the tax system.

The amendments also support broader economic policy objectives and include measures designed to reinforce anti-money laundering safeguards.Among the key provisions of the Act is the mandatory use of Taxpayer Identification Number (TIN) certificates for specified high-value financial transactions.

The legislation also introduces revisions to the calculation of taxable income, clarifies tax exemptions applicable to certain projects and business entities, and expands the scope for information disclosure to relevant authorities.

The amendments are expected to improve the efficiency of tax administration while facilitating greater accountability and regulatory oversight.With the Speaker’s endorsement of the certificate, the Inland Revenue (Amendment) Bill has now become law as the Inland Revenue (Amendment) Act, No. 11 of 2026.

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