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Central Bank salary controversy: MP finds fault with composition of Governing Board

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Gevindu Cumaratunga

…  asks House to rectify fundamental blunder

by Shamindra Ferdinando

Lawmaker Gevindu Cumaratunga, on behalf of the Uththara Lanka Sabhagaya (ULS), has requested the Chairman of the Committee on Public Finance (CoPF) Dr. Harsha De Silva to propose fundamental change to the Central Bank of Sri Lanka Act (No 16 of 2023) by including Secretary to the Finance Ministry/Treasury Secretary in the decision-making Governing Board (GB) of the Central Bank.

The Governing Board consists of Dr. P Nandalal Weerasinghe (Chairman), A N Fonseka, Dr. Ravi Ratnayake, Anushka S Wijesinha, Vish Govindasamy, Rajeev Amarasuriya and Manil Jayesinghe.

The SLPP National List MP has, in a letter dated March 07, 2024, addressed to de Silva, said that the controversial salary increase granted by the GB with effect from January 1, 2024, should be examined against the backdrop of the Finance Ministry Secretary not being a member of that decision-making body.

The leader of the Yuthukama civil society group said that the Finance Ministry Secretary had been a member of the five-member Monetary Board (MB) that dealt with salary increases in terms of the Monetary Law Act that was in force since 1950 until the enactment of the 2023 law in response to the deterioration of the national economy to such an extent the country halted paying debt.

The MB comprised Central Bank Governor as its Chairman, Finance Secretary both ex-officio members and three appointed members.

Declaring that leaving Finance Secretary out of the decision-making process a fundamental and catastrophic change in the new law that governed the Central Bank, MP Cumaratunga said that the common stand taken by Central Bank Governor Dr. Weerasinghe and CoPF Chairman Dr. de Silva that the salary increases were always decided by then MB on its own was not acceptable.

In terms of the new law, the GB is tasked with overseeing the administration, management and determination of general policies.

MP Cumaratunga said that the inclusion of the Finance Secretary in the MB made a huge difference as he couldn’t have ignored under any circumstances the salary structures of other categories of public sector employees when deciding on increments to Central Bank employees.

Parliament passed the Central Bank of Sri Lanka Act (No 16 of 2023) in July last year. Of 225 MPs, only 66 voted for the new law whereas 24 voted against. MP Cumaratunga said that he was among those who voted against the new law.

Pointing out President Ranil Wickremesinghe, in his capacity as the Finance Minister, asked the CoPF Chairman to submit a report on the Central Bank salary issue, MP Cumaratunga said that he expected the House Committee to recommend the inclusion of the Finance Secretary.

The Island sought an explanation from MP Cumaratunga what he expected to achieve by his proposal as the current Finance Secretary Mahinda Siriwardena as a Deputy Governor of the Central Bank, too, received the disputed salary increase. MP Cumaratunga said that if the Finance Secretary also served on the GB, he would have to explain how he agreed with the rest of the board while repeatedly demanding curbs on state sector expenditure. The MP pointed out that just a year ago Wickremesinghe-Rajapaksa government indefinitely put off Local Government polls claiming that it couldn’t afford to allocate funds for the conducting of the election. MP Cumaratunga said that at the end, the Finance Secretary, in his capacity as Deputy Governor now entitled for Rs 1.7 mn monthly salary.

Referring to recent statements made by President Ranil Wickremesinghe, at an event held at the BMICH on March 03, regarding the enactment of 42 new laws within 14 months since his election lawmaker Cumaratunga said that such boasts seemed absurd when the whole law-making process was in deepening turmoil.

The MP pointed out that the continuing controversy over the enactment of the Online Safety law that ultimately was taken up even at the ongoing 55th session of the Geneva-based United Nations Human Rights Council (UNHRC) underscored the gravity of the developing situation.

The President owed an explanation how Parliament enacted that law disregarding specific recommendations made by the Supreme Court to make it compatible with the Constitution.

MP Cumaratunga said that Justice Minister Dr. Wijeyadasa Rajapakshe, PC, recently declared that a new law was required to ensure that no one operated outside the Constitution. Pointing out that this declaration was made in the wake of the Central Bank salary issue, MP Cumaratunga emphasised that the country was paying a very heavy price for irresponsible approach towards the enactment of new laws.



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“Siri Dalada Wandanawa” commences with the President’s Participation

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The “Siri Dalada Wandanawa”, the special exposition of the Sacred Tooth Relic,  commenced today (18)  with the participation of President Anura Kumara Disanayake.

The President placed the first  floral tribute to the Sacred Tooth Relic after which the public were allowed to pay homage. A large number of devotees from all over the country arrived at the Temple of the Tooth Relic today (18) to pay their homage.

The public will have the opportunity to venerate the Sacred Tooth Relic from 12 noon to 5:00 p.m from  tomorrow (19).

Minister of Buddhasasana, Religious and Cultural Affairs, Hiniduma Sunil Senevi along with other Ministers and Ambassadors and High Commissioners representing Vietnam, Bangladesh, Indonesia, Nepal, the Netherlands, India, Myanmar, Palestine, France, New Zealand, Cuba, Egypt, Japan, the United Kingdom, Thailand, Canada and South Korea, Public officials, Members of the security forces and a large number of local and foreign devotees were also present.

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CIABOC drops 34 cases including those against Johnston and Rohitha

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CIABOC Chairman Iddawala

… Prez Secretariat faulted for not maintaining asset declaration registry

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has decided against refiling 34 cases that were withdrawn during the 2019-2024 period.

The 34 cases are among 102 cases withdrawn during that period, the CIABOC has disclosed, adding that 65 cases had been refiled. Decisions on three others are pending according to statistics made available on 01 March 2025.

The CIABOC provided a breakdown of the withdrawal of cases: 2019 (5), 2020 (0), 2021 (44), 2022 (49), 2023 (02) and 2024 (2).

The current CIABOC consists of Justice W. M. N. P. Iddawala (Chairman/Commissioner), K. B. Rajapakse (Commissioner) and Chethiya Goonesekera P.C (Commissioner). Its Director General is R. S. A. Dissanayake.

According to the CIABOC the majority of cases were withdrawn due to the absence of the signatures of all commissioners who served during 2019-2024.

Among the cases dropped by the CIABOC were four involving former Cooperatives and Internal Trade Minister Johnston Fernando. The CIABOC found fault with the Presidential Secretariat (PS) for the collapse of the cases due to the failure on the part of the PS to maintain a proper asset declaration registry at that time. The charge against the then Minister Fernando was the non-disclosure of assets and liabilities during the 2010-2014 period.

Fernando contested the last general election on the SLPP ticket but failed to retain his seat in Kurunegala District.The CIABOC has also decided against refiling the case against MP Rohitha

Abeygunawardena (New Democratic Front/Kalutara District) as the corruption charges pertained to acquisition of illegal assets amounting to Rs. 41.2 mn in 2004 and due to their failure to move court within 20 years.

The CIABOC also disclosed that the case against one-time Chairman of National Lotteries Board A.I. Ismail (2002-2003) charged for wrongful payment of Rs 9.8 mn to a private party had been dropped due to main witnesses former prisons Commissioner G.M.K. Bandara and former Director Public Enterprises K.M. Indrajith having migrated.

By Shamindra Ferdinando

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EC issues revised postal voting schedule

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R.M.A.L. Rathnayake

The Election Commission yesterday announced a revision to the postal voting schedule for the upcoming Local Government Elections, which are set to take place on May 6.According to the updated timetable, postal voting would now be conducted on April 24, 25, 28, and 29, Election Commission Chairman R.M.A.L. Rathnayake said yesterday.

“All government institutions, including the police, tri-forces, schools, corporations, and statutory

boards, will conduct postal voting on these four days,” Rathnayake said, adding that employees of those institutions can mark their postal ballots at their respective offices without any change to the existing arrangements.

A special postal voting centre will be set up at Kandy Girls’ High School to facilitate voting by police personnel on duty at the Sri Dalada Maligawa during the exposition of the Sacred Tooth Relic.

Arrangements have been made for tri-forces personnel to cast their postal votes under the supervision of designated certifying officers at their respective camps during the same four-day period.

In preparation for the elections, official ballot papers for all eligible postal voters across the 339 local government bodies were handed over to the Postal Department by Returning Officers on April 16. Distribution has already begun and will continue until April 29.

The Election Commission advises any postal voter who has not received their ballot by April 29 to make inquiries at their respective post offices.

The revised schedule replaces an earlier announcement made on March 27, which had designated April 22, 23, and 24 for postal voting at district secretariats and election offices, with April 28 and 29 set aside for those unable to vote on the initial dates.

With the latest changes, April 24, 25, 28, and 29 are now the official postal voting dates for the 2025 Local Government Elections.

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