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SC ruling on economic crisis: Parliament also responsible, says Foreign Minister

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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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Sun directly overhead Kokkuvil, Nallur, Kodikamam and Nagar Kovil at about 12.11 noon today (28)

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The sun is going to be directly over the latitudes of Sri Lanka during 28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is overhead today (28) are Kokkuvil, Nallur, Kodikamam and Nagar Kovil about 12.11 noon.

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Eight politicians in drug kingpin probe

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Police to arrest and question four former ministers, others over links to Basik

By Norman Palihawadane

Police are investigating alleged links between suspected major drug trafficker Shiran Basik and a number of prominent politicians, with eight of them due to be arrested and questioned as investigators widen their probe into his financial dealings and network of associates, police headquarters, according to a senior police officer.

Among those set to face questioning include a sitting MP, four former ministers, and at least one of them is a female. Police are also investigating allegations that Basik provided large sums of money to politicians during election campaigns and extended other financial and material benefits to political figures.

Investigators are also looking into claims that two politicians were provided with facilities to construct houses and hotels, while efforts are under way to establish the extent of political support and assistance allegedly provided to Basik.

The Colombo Central Crime Investigation Bureau (CCIB) is expected to question the politicians based on information reportedly disclosed by Basik during interrogation. Two electoral organisers are also expected to be taken into custody as part of the ongoing investigation, according to police sources.

Meanwhile, statements are being recorded from managers and employees of several businesses allegedly linked to Basik, while investigators continue to examine information and records recovered from his mobile phone.

Basik, 48, was brought back to Sri Lanka on August 14 after being arrested in Dubai and deported. He was taken into custody by officers of the Criminal Investigation Department’s Airport Unit at Bandaranaike International Airport and subsequently handed over to the CCIB for further investigation.

Police initially obtained a 72-hour detention order to question Basik before securing approval to detain him for 90 days.

Basik, a resident of Dehiwala, is facing investigations over alleged large-scale drug trafficking as well as firearms, and unlawful assembly of weapons-related offences. Police are also examining whether he had any involvement in recent prison-related incidents and have said information has emerged linking him to the 2012 Welikada Prison riot.

The investigation has also expanded to Basik’s alleged assets and business interests in Sri Lanka and overseas.

Police have said information uncovered during questioning indicates that Basik had claimed ownership of five hotels along Colombo’s Marine Drive. Investigators have also identified two houses and two mobile phone shops in Boralesgamuwa allegedly linked to him.

A court has ordered a comprehensive examination of bank accounts linked to Basik, with the Financial Intelligence Unit of the Central Bank of Sri Lanka to conduct a review of his financial accounts. A separate investigation into his wealth and properties is being conducted by the Illegal Assets Investigation Division.

Investigators are also examining claims that Basik owns properties, including hotels and vehicles, in several European countries, as well as a high-value vehicle in Dubai. These claims remain subject to further investigation.

Basik had left Sri Lanka for Dubai in 2018, where police said he lived a lavish lifestyle while operating businesses. He was arrested by UAE authorities before being deported to Sri Lanka.

During initial questioning, Basik told investigators that Dubai police had stopped and searched him at a shopping mall and examined his mobile phone. He claimed that footage relating to Iranian missile and drone attacks was found on the device and that he was subsequently questioned over alleged links to Iran.

Police are continuing to examine the circumstances surrounding his arrest and deportation, as well as the information contained in his mobile phone and other evidence gathered during the investigation.

The ongoing probe is being conducted under the supervision of Senior DIG Ranmal Kodituwakku and SSP Kamal Ariyawansa.The allegations against Basik and the politicians named in connection with the investigation have not been established in court, and the investigations remain ongoing.

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CJ first SC judge to benefit from 22A, if enacted: BASL

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The Bar Association of Sri Lanka (BASL) has opposed the proposed “Twenty-Second Amendment to the Constitution”, saying it raises serious concerns over judicial independence and the rights and interests of the public.

In a statement signed by BASL President Rajeev Amarasuriya and Secretary Nalin De Silva, the association said it had challenged the constitutionality of the proposed amendment before the Supreme Court.

The BASL noted that the Chief Justice would be the first Supreme Court judge to benefit from the proposed amendment if it becomes law. It also referred to widespread speculation that the amendment was being expedited to facilitate an extension of the incumbent Chief Justice’s tenure, which is due to end on December 1, 2026.

Full text of the statement:

“The Bar Association of Sri Lanka (BASL) has taken a principled position opposing the Bill titled the “Twenty-Second Amendment to the Constitution” on the basis that it raises serious concerns regarding the independence of the Judiciary and the rights and interests of the people. Accordingly, the BASL has challenged the constitutionality of the proposed amendment before the Supreme Court.

“It is observed that it will be the Honourable Chief Justice who will be the first Judge of the Supreme Court who will benefit from the 22nd Amendment, if this Bill is enacted into Law.

There is widespread belief that this amendment is being rushed to facilitate the extension of the tenure of the Honourable Chief Justice which would otherwise complete on 1st December 2026. In this backdrop, in the recent past, we have witnessed allegations being made in Parliamentary Proceedings as well as on Social Media concerning the Judiciary including the incumbent Chief Justice.

“During this period, the BASL has also been subjected to unfounded attacks on social media and other platforms.

“The Judiciary, like every other institution exercising public power, must remain subject to legitimate scrutiny and accountability. Judgments, judicial conduct and the administration of justice may properly be subjected to fair, informed and responsible criticism. Where credible concerns or allegations arise regarding any member of the Judiciary, including the Chief Justice, they should be examined objectively and addressed through the appropriate constitutional and parliamentary processes which are in place, with due regard to fairness and due process.

“At the same time, everyone must exercise responsibility when making allegations concerning individual judges, lawyers and others. Personal attacks based upon unsubstantiated allegations can undermine public confidence in the administration of justice and affect the independence and integrity of the judicial process and the system of justice

“Judicial independence is not intended to shield any individual from legitimate scrutiny or accountability. It is a safeguard for the people, ensuring that disputes are determined impartially and that individual rights, the Rule of Law and the constitutional order are protected.

“The BASL therefore calls upon all organs of the State, all parties concerned and the media to respect the role of the Judiciary and the system of administration of justice, while ensuring that any genuine concerns are addressed fairly, responsibly and through the procedures established by the Constitution and the law.”

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