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Daya quite surprised by sudden removal

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SLPA imbroglio:
 

By Shamindra Ferdinando

Retired General Daya Ratnayake says his unceremonious removal as Chairman, SLPA, took place at a time the state enterprise was undergoing an unprecedented transformation.

 Ratnayake insisted that he hadn’t been specifically told why he had been suddenly replaced over a week before.

Asked whether disciplinary action taken in respect of a female doctor recently, attached to the SLPA, had caused his transfer, General Ratnayake answered in the negative.

Gen. Ratnayake said that during his tenure as the Chairman, SLPA, he had never hesitated to take decisions for the betterment of the vital state enterprise, the SLPA.

Declaring that no one could find fault with him for trying to take the SLPA to the next level, Gen. Ratnayake said, underscoring the importance of a disciplined enterprise.

There was no point in denying the fact that the SLPA had been the grips of corrupt elements at various levels over a long period of time and his appointment sort of disturbed them, Gen. Ratnayake said.

Social media alleged that the lady doctor concerned caused major hiccups by inoculating 12 workers with a single phial of covid vaccine in spite of recommended stipulation that it be limited to just ten.

Gen. Ratnayake declined to comment on speculation in social media posts.

Daya Ratnayake served as the Commander of the Army during the 2013-2015 period. The wartime Eastern Commander served as the Army Chief at the time the change of government took place in January 2015.

Gen. Ratanayake said that he opted to serve as SLPA Chairman instead of Secretary to a ministry as he didn’t want restrictions on work he was engaged in, both here and abroad at the time 2019 change of government took place. Gen. Ratnayake received the SLPA chairmanship in late Dec 2019 with the blessings of President Gotabaya Rajapaksa.

Commenting on the situation at the time he received the appointment as SLPA Chairman, Gen. Ratnayake told The Island that the enterprise had been in a structurally broken status and administration at every level in turmoil.

One time harbour Master and Managing Director, SLPA Captain Nihal Keppetipola has succeeded Gen. Ratnayake whereas Upul Jayatissa received appointment as the Managing Director. New appointments were made on June 21.

Gen. Ratnayake explained the difficulties experienced by him in introducing changes. It hadn’t been an easy task to change the mindset of the management as well as workers as years of politicization, waste, corruption, irregularities and negligence had caused irreparable damage to the state enterprise. The decision making process had been chaotic and those responsible routinely engaged in malpractices and the operation was run in a shoddy manner, the former Army Commander said.

However, the management as well as the workers largely accepted and appreciated the changes introduced in the wake of 2019 change of administration, Gen Ratnayake said, adding that some of those who had been languishing in same positions for over 10, 20 years received new appointments.

Responding to another query, Gen. Ratnayake said that the introduction of what he called a board system to ensure transparency in appointments received the appreciation of the vast majority though far reaching changes irked some.

Gen. Ratnayake didn’t repudiate the possibility of those who had been irked by the transformation attempted at the SLPA seeking his ouster. Whatever the circumstances, the General emphasized that his duty and responsibility were to run the enterprise without interruption especially during the current crisis.

The former Army Commander paid a glowing tribute to SLPA workers who ensure uninterrupted services during unprecedented crisis caused by the rampaging Covid-19 epidemic. Gen. Ratnayake said that 30 odd trade unions active in the port backed efforts to improve and expand the Colombo harbour. Without their support, the SLPA couldn’t have sustained port operations without major delays, Gen. Ratnayake said.

Whatever the circumstances under which he had to leave the institution, the vast majority of workers appreciated his efforts, he said.

The retired Army Chief didn’t find fault with trade unions for the problems caused over the recent abortive bid to bring in Indian investment to the East Container Terminal (ECT) of the Colombo harbour.

Gen. Ratnayake alleged that some sections strongly opposed introduction of technology as it impeded their activities. Declaring that the Colombo port cleared approximately 1,500 containers on a daily basis, Gen. Ratnayake alleged that unscrupulous elements received about Rs 7,000 from every container carrier leaving the port.

 Referring to the heavy burden of running the costly Colombo port kitchen, Gen. Ratnayake said that the SLPA spent as much as R 120 mn annually and he made successful effort to bring the expenditure down. Alleging that sections of workers opposed changes for obvious reasons, Gen. Ratnayake revealed the difficulty in introducing state of the art systems when project to build 100,000 square feet warehouse got underway.

Gen. Ratnayake said that influential sections opposed new systems, improvements and introduction of technology as they feared that would deprive them of an opportunity to pack the SLPA with their supporters.

Of course jobs had to be provided though such endeavors shouldn’t be at the expense of national assets, the former Army Chief said.

Gen. Ratnayake said that he accepted the appointment as Secretary to the Industries Ministry, a post previously held by Anusha Palpita. Palpita received appointment as Chairman of the Development Lotteries Board. Interestingly, Gen. Ratnayake has been brought in as the Secretary, Industries Ministry in the wake of Lanka Phosphate Ltd, a highly lucrative state enterprise that had been under the Industries Ministry being shifted to the Agriculture Ministry.



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Rs 13 bn NDB fraud: Int’l forensic audit ordered

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The National Development Bank PLC (NDB), in consultation with the Central Bank, will soon appoint an international firm to conduct a comprehensive forensic audit into the Rs 13.2 billion bank fraud, currently being investigated by the Criminal Investigation Department (CID).

Controversy surrounds the failure on the part of relevant authorities to detect the massive scam that certain employees started perpetrating in mid-2024.

Declaring that day-to-day developments, relating to the NDB PLC, were under scrutiny, the Central Bank said that the NDB, in consultation with CBSL, was in the process of finalising arrangements to engage a leading international firm, with experts from overseas, to conduct a comprehensive forensic audit into the incident.

The Central Bank stated: “The scope of this audit will apart from matters directly related to the commission of this fraud, also fully address and assess any failures on compliance with regulatory requirements on control, oversight and governance during the period in which the fraudulent transactions took place. The forensic audit is expected to commence shortly, and its progress, including any interim findings as well as the final report, will be submitted directly to CBSL who will directly engage with the auditors to the extent considered necessary during the audit.

In parallel, CBSL has directed NDB to take immediate and expeditious measures to strengthen its internal controls and governance processes, with particular focus on addressing identified lapses. NDB has also been required to commission an independent third-party review to assess the adequacy and effectiveness of its policies, procedures, systems, and internal controls.

NDB continues to meet all regulatory requirements relating to capital and liquidity. CBSL remains in close and continuous engagement with the Board and management of NDB, as well as other relevant stakeholders, and stands ready to take any further measures necessary to safeguard the interests of depositors and ensure the stability of the financial system. There is no evidence of any other regulated financial institution suffering any loss arising from the incident at NDB and the public are requested not to be misled by any statements to the contrary made in various fora.”

NDB board directors include Sujeewa Mudalige – former Managing Partner of PwC / Past President of CA Sri Lanka, Hasitha Premaratne – Managing Director of Brandix Group, Shanil Fernando – founding member of Virtusa Corporation and Co-Founder of Sysco Labs, Bernard Sinniah – former Managing Director of Citibank and Kasturi Chellaraja – former Group CEO of Hemas Holdings PLC.

The external auditors of NDB Bank PLC is Ernst & Young.

Meanwhile, the Committee on Public Finance (CoPF) that recently met under the Chairmanship of Member of Parliament Dr. Harsha de Silva observed, with serious concern, that there appear to have been considerable lapses in corporate governance at the bank, deficiencies in supervision by the relevant departments of the Central Bank of Sri Lanka, and undue delays in the reporting of material information.

The Committee firmly underscored that such shortcomings are unacceptable and directed that immediate corrective measures be undertaken. It further emphasised that it will continue to closely monitor this matter and exercise stringent oversight to ensure full accountability, transparency, and the safeguarding of public confidence in the financial system.

The NDB issue was dealt with when the Governor of the Central Bank Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part of the Central Bank’s statutory presentation to Parliament conducted once every four months.

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Easter Sunday commemorations

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Archbishop of Colombo Malcolm Cardinal Ranjith and Bishop Anton Ranjith will preside over the Easter Sunday commemoration event at St. Anthony’s Church Kochchikade today (21).

The event will begin at 8.45 am with the ringing of the funeral bell once, followed by two minutes of silence in memory of all victims.

Bishop Maxwell Silva and Bishop J.D. Anthony will lead the prayers at Katuwapitiya St. Sebastian Church where the holy mass is scheduled to commence at 7 am.

A prayer march will begin at Maris Stella College, Negombo, at 4.00 pm, today (21), and end at Katuwapitiya Church where over 100 persons died.

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Former Minister Gamage under CIABOC probe over recruiting 134 persons from Galle district

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Piyasena Gamage

Former Galle district lawmaker Piyasena Gamage is under investigation by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) over the recruitment of 134 minor employees from the Galle district to the Department of Technical Education and Training in violation of the approved recruitment procedures of the Department of Management Services.

Gamage is alleged to have done so during his tenure as Minister of Skills Development and Vocational Training. CIABOC arrested Gamage yesterday (20) and produced him before Colombo Chief Magistrate Asanga S. Bodaragama, who granted him bail on two sureties of Rs. 2 million each and further ordered that a travel ban be imposed.

Investigating officers told the court that the suspect had been arrested for allegedly committing the offence of corruption by abusing his powers as the Minister of Skills Development and Vocational Training and recruiting 134 minor employees from the Galle district to the Department of Technical Education and Training.

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