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SC ruling on economic crisis: Parliament also responsible, says Foreign Minister
By Shamindra Ferdinando
Foreign Minister Ali Sabry, PC, yesterday said that Parliament like other institutions should bear responsibility for the unprecedented economic crisis caused during President Gotabaya Rajapaksa’s administration.
Minister Sabry said so when The Island sought his response as regards the responsibility of Parliament for the developing situation against the backdrop of the country being bankrupted mainly due to overall mismanagement of the economy.
At the time of the eruption of public protests in early 2022, Minister Sabry served as the Foreign Minister of the Gotabaya Rajapaksa government.
Addressing the media at the President’s Media Centre (PMC), the SLPP National List MP dealt with the 2024 Budget presented by President Ranil Wickremesinghe, in his capacity as the Finance Minister.
Having compared the period leading to President Gotabaya Rajapaksa’s ouster with the significant improvements made under incumbent President Ranil Wickremesinghe’s resolute leadership, the top lawyer explained how successive governments ruined the economy by resorting to utterly irresponsible strategies.
The first time entrant to Parliament, following the last general election held in Aug. 2020, Minister Sabry emphasized how flawed tax strategies over the years caused the economic ruination. The Minister questioned the rationale in 80:20 ratio in indirect and direct taxes when the acceptable radio was 60:40 world over. The Minister went on to highlight the circumstances that led to the drop in revenue to just over 8 percent of the Gross Domestic Product (GDP) from 23% to 25% ahead of 2019/2020 crash.
Asked whether he had been present in the parliamentary chamber when a section of the ruling SLPP went berserk over a statement made by SJB and Opposition Leader Sajith Premadasa in respect of the landmark Supreme Court judgment on economic crisis and what was his response to such unruly behaviour, the Minister said that he was there.
The SC on Nov 14 in a 4 to 1 verdict declared that former President Gotabaya Rajapaksa, former Finance Ministers Mahinda Rajapaksa and Basil Rajapaksa, ex-Governors of the Central Bank Prof. W.D. Lakshman and Ajith Nivad Cabraal, ex-Finance Secretary S.R. Attygalle, Presidential Secretary Dr. P.B.J. Jayasundera and the then Monetary Board were responsible for the economic collapse.
They were directed to pay Rs 150,000 each to those who filed fundamental rights applications.
The Minister emphasized that he never condoned such conduct and he never behaved that way or intended to do so in the future. “That was one side of the issue. We see various interested parties interpret the SC ruling the way they want. I read this judgment entirely. The ruling doesn’t say there had been fraud and money robbed. Funds had been sent overseas and measures should put in place to recover the money. It doesn’t say so. The SC found fault with the respondents for their failure to take timely action to avert the crisis. One specific issue artificial measures to control Rupees. I have pointed this out even last year. The other issue was the tax cut. They were policy decisions. The third issue was the timing of the IMF intervention. The fallout of those decisions should be political.”
The Minister said that there was no harm in prosecuting if there were fraud and robbery. But the Rajapaksas had already taken responsibility for those decisions, Minister Sabry said, pointing out that Gotabaya Rajapaksa, who won a five-year term, had to quit, and the Prime Minister, too, had to go. The entire government had to be handed over. They have to face the people, the Minister said.
“We genuinely believed the government should have sought the IMF intervention at that time, the depreciation of the Rupee should have been allowed to some extent. Perhaps those who decide on policy may have felt they were right,” Minister Sabry, said reminding that Sri Lanka sought IMF interventions on 16 previous occasions.
Minister Sabry insisted that no one would come into politics if those who had been found fault for lapses on their part in respect of policy decisions were dealt with in terms of criminal liability. Reiterating that the fallout should be solely political, the Foreign Minister said, adding that in case someone engaged in fraud, corruption and crime he should bear criminal responsibility.
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Iranian ships stranded, Lanka fears US sanctions
‘Companies may face US sanctions’: Lanka to put ‘national interest’ first as 19 Iranian vessels seek help
(ToI) Sri Lanka said on Friday it would “prioritise our national interests” before providing assistance to the crews of 19 Iranian ships anchored in international waters near the island nation.The crews are facing shortages of food, water and fuel. A foreign ministry spokesperson cited the risk of US sanctions against Sri Lankan companies supplying the vessels as a key concern.
The United States and Iran have been at war since February 28, when the US and Israel launched joint strikes against the Islamic Republic.
“Sri Lanka will put its national interest first before considering any help, and the companies that supply ships are aware of possible secondary sanctions from the United States,” spokesperson Thushara Rodrigo told reporters, ruling out any immediate assistance to the vessels.
Rodrigo clarified, however, that Sri Lanka had received no communication from the United States warning of repercussions if it decided to assist the vessels.According to Rodrigo, the ships are stationed 24 nautical miles off Sri Lanka’s coast.The Iranian Embassy said it had no information on the matter.
In March, a US torpedo attack sank the Iranian naval vessel IRIS Dena in Sri Lankan waters, killing 87 sailors.
The ship was returning to Iran after participating in a naval exercise at India’s invitation. A second Iranian vessel was brought to a Sri Lankan port after its crew reported technical problems.
Wounded sailors were treated at Sri Lankan hospitals, while those rescued from the second vessel were safely repatriated to Iran.
Sri Lanka is still recovering from an economic crisis, with both the United States and Iran serving as important trading partners. Washington played a key role in securing an International Monetary Fund bailout and supporting Sri Lanka’s agricultural sector to help avert a food crisis.
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Sri Lanka CERT warns of overseas university admission scams
Sri Lanka CERT has warned the public of fraudulent social media advertisements offering admission to foreign universities after receiving complaints from parents and students who have lost hundreds of thousands of rupees to scammers.
The fraudsters reportedly pose as representatives of reputed foreign universities, promising admission, student visas, work permits and even eventual citizenship in return for registration fees and initial tuition payments.
They use convincing videos, photographs and documents circulated via email and WhatsApp to gain the confidence of unsuspecting victims before asking them to transfer money to foreign bank accounts. The scammers then disappear after receiving the payments, Sri Lanka CERT said.
The agency has urged prospective students and their parents to verify the authenticity of university representatives, documents and bank account details before making payments, and to seek overseas education opportunities only through legitimate and recognised channels.
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Navi Pillay’s Lankan affairs in focus as she wins 2026 Nobel Peace Prize
Former UN High Commissioner for Human Rights and International Court of Justice judge Navanethem “Navi” Pillay has won the 2026 Nobel Peace Prize for her contribution to international law and efforts to promote peace, the Norwegian Nobel Committee announced in Oslo on Friday.
Announcing the award, committee chairman Jørgen Watne Frydnes said Pillay had “significantly enlarged the scope and impact of international law” and helped advance “a more comprehensive global legal order” with exceptional courage. He also praised her long career, which began as a lawyer confronting deep-rooted discrimination in South Africa, and described her as a person with a “firm moral compass”.
Pillay, 85, served as the UN High Commissioner for Human Rights from 2008 to 2014. Her tenure brought her into sharp focus in Sri Lanka, particularly over her assessment of the country’s human rights situation in the aftermath of the decades-long civil war.
During an official fact-finding visit to Sri Lanka from August 25 to 31, 2013, Pillay travelled to areas including Jaffna, Kilinochchi and Trincomalee, where she met civil war survivors, families of the disappeared and local communities.
Following the visit, she warned that Sri Lanka was moving towards authoritarianism and highlighted what she described as a persistent climate of fear.
She also reported intimidation and harassment of people who had sought to meet her during the mission.
Pillay urged the UN Human Rights Council to establish an international inquiry mechanism to investigate alleged war crimes and crimes against humanity committed by both government forces and the LTTE during the final stages of the 26-year civil war.
Her observations and recommendations became a significant part of international scrutiny of Sri Lanka’s post-war human rights record.
The Norwegian Nobel Committee received 287 nominations for this year’s Peace Prize, slightly more than a quarter of them being organisations. The committee traditionally considers efforts to promote peace, international fraternity and institutions that contribute to lasting stability.
Last year, Venezuelan opposition leader Maria Corina Machado won the prize for her campaign for a democratic transition in Venezuela. She was praised as a woman who kept the flame of democracy burning amid growing darkness.
The 2026 award marks the 125th anniversary of the Nobel Peace Prize, first presented in 1901. Over its history, the prize has recognised prominent figures and organisations involved in advancing peace, human rights and international cooperation.
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