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Economic crisis: Patali calls for punitive action against errant politicians, officials
Parliament disregarded COPE recommendation for PSC
By Shamindra Ferdinando
Eksath Janaraja Peramuna (EJP) leader and SJB MP Patali Champika Ranawaka, MP, has called for the setting up of a special commission to investigate those who bankrupted the economy. Ranawaka said that those who had served as Finance Ministers, Governors of the Central Bank and members of the Monetary Board should be held accountable. He said so addressing the Colombo District convention of the EJP at the New Town Hall, Colombo on Saturday (01).
MP Ranawaka, who has served as a member of the Cabinet under President Mahinda Rajapaksa and Maithripala Sirisena, accused a group of politicians, officials and influential businessmen of causing the economic ruin. He alleged that the group had caused immense harm to the ordinary people.
When the current economic crisis manifested itself in 2020, Prof. W. D. Lakshman served as Governor of the Central Bank and Mahinda Rajapaksa held the Finance portfolio. The five-member Monetary Board at that time consisted of the then Treasury Secretary S. R. Attygalle, ex-top Central Banker Dr. Ranee Jayamaha, senior Attorney-at- Law Sanjeewa Jayawardena and leading businessman Samantha Kumarasinghe. Jayamaha and Jayawardena remain in the current Monetary Board.
The SLPP brought Basil Rajapaksa into the Cabinet as the Finance Minister in July 2021.Alleging that as many as one million families had been badly affected by the current crisis, MP Ranawaka pointed out that none of those responsible for the crisis had been punished.
Flaying the Wickremesinghe-Rajapaksa government for the unprecedented heavy burden imposed on the Employees Provident Fund (EPF) in terms of the now approved Domestic Debt Optimisation (DDO) programme, Ranawaka claimed such action eroded public confidence in the country’s largest fund.Against the backdrop of growing protests against the newly unveiled social security scheme ‘Aswesuma,’ MP Ranawaka called for a genuine effort to identify those who really needed government assistance.
The EJP leader also explained the ongoing efforts to expeditiously expand the party network over the next few months and to cover the entire Colombo district. Declaring that by September this year the EJP would complete district conventions, the former minister said that the Colombo convention would be followed by meetings in Gampaha and Kandy.
During SLPP National List lawmaker Prof. Chritha Herath’s tenure as the Chairman of COPE (Committee on Public Enterprises), the parliamentary watchdog committee called for a thorough inquiry to identify those responsible for the flawed economic decisions.
In May 2022, COPE recommended that a Special Parliamentary Select Committee (PSC) be appointed to probe the reasons for the economic crisis as well as all the officers who had neglected their duties to pave the way for the crisis.
MP Herath is on record as having said that particular COPE meeting decisions taken by a few had negatively impacted the entire country and the investigation needs to be expedited considering the matter as a criminal act. The parliament ignored Prof. Herath’s recommendation and a few months later he was replaced by Dr. Ranjith Bandara.
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Workshop Explores Integration of Enterprise Development Programmes with the “Prajashakthi” National Movement
A special workshop was held today (06) at the Presidential Secretariat to explore the possibility of integrating programmes currently implemented by state institutions that directly contribute to enterprise development with the “Prajashakthi” National Movement.
Discussions focused on identifying development projects undertaken by government institutions for micro, small and medium-sized enterprises (MSMEs) and incorporating relevant information into a unified data management system.
Attention was also directed towards formulating a strategic framework for the coordinated implementation of these programmes, as well as identifying the nature, scope and eligibility criteria of the initiatives carried out by the respective institutions.
The participating government officials were further briefed on the criteria for selecting beneficiaries for programmes directly related to enterprise development.
In addition, discussions centred on identifying programmes that could be implemented independently or jointly by the relevant state institutions and the “Prajashakthi” National Movement. Particular attention was paid to preventing duplication and overlap in programme selection and implementation.
Senior Additional Secretary to the President Kapila Janaka Bandara, Secretary to the Ministry of Rural Development, Social Security and Community Empowerment Sampath Manthrinayake, resource persons Kalum Jayaveera and Madhava Muthukudaarachchi, officials of the Ministry of Rural Development, Social Security and Community Empowerment, government officials, and representatives of the Prajashakthi Secretariat were among those who attended the workshop.
(PMD)
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Pakistan naval trio leaves Colombo after goodwill visit
Wrapping up their goodwill and replenishment visit, the Pakistan Navy ships ‘PNS Taimur’ and ‘PNS Aslat’, along with the submarine ‘PNS/M Hangor’, departed the island on 04 Jun 26. The naval units, which arrived in Sri Lanka on 01 June, were accorded a traditional naval send-off by the Sri Lanka Navy at the Port of Colombo, upon their departure.
During their stay, the Commanding Officers of Pakistan Navy ships and submarine called on the Commander Western Naval Area and the Flag Officer Commanding Naval Fleet at the Western Naval Command Headquarters, where discussions were held on several matters of mutual interest.
Meanwhile, Sri Lanka Navy personnel had the opportunity to visit the visiting Pakistan Navy ships and submarine. Furthermore, the crews of the visiting vessels explored the rich heritage of Sri Lanka, taking time to tour several culturally significant landmarks across the island.
News
China, Lanka intensify cooperation to fight cross-border crimes spreading across Asia and beyond
China and Sri Lanka have intensified joint law enforcement efforts to combat cross-border online gambling and telecom fraud, crimes that authorities warn are increasingly spreading across Asia and beyond.
The Chinese Embassy in Colombo said both countries are working closely to dismantle scam centres and fraud networks that have relocated to Sri Lanka from other parts of Southeast Asia. The Embassy noted that such operations often intertwine with human trafficking and other serious crimes, posing grave risks to public security and social stability.
China’s position on cross-border gambling remains firm: Chinese capital is prohibited from investing in overseas casinos, citizens are barred from operating them, and foreign casinos are forbidden from soliciting Chinese nationals. The Embassy stressed that gambling “almost invariably leads to financial ruin,” with tens of thousands of Chinese citizens suffering losses and harm. Recent amendments to China’s Criminal Law have criminalised cross-border gambling activities.
The Embassy pointed out that Sri Lankan authorities have carried out multiple raids in recent months, dismantling gambling and fraud dens and arresting suspects from several countries. Several Chinese nationals, involved in fraud-related crimes, have been handed over to Chinese authorities, producing what officials described as a strong deterrent effect.
The Chinese Embassy praised the efforts of Sri Lanka’s ministries of Foreign Affairs, Finance, and Public Security, particularly immigration and police officials, for their cooperation.
It warned that without firm and immediate measures, the spread of illegal gambling and fraud could damage Sri Lanka’s international image, undermine social stability, and harm the safety and security of its people.
China has already conducted similar law enforcement cooperation with countries including Spain, the UAE, Myanmar, and Cambodia, leading to arrests and repatriations of overseas fraud suspects. It has also proposed the creation of an international alliance against telecom and online fraud to coordinate global efforts, it said.
Going forward, China pledged to actively implement the Global Security Initiative and Global Civilization Initiative, while continuing to deepen law enforcement and security cooperation with Sri Lanka.
The Embassy said these efforts aim to safeguard lives and property, protect financial security, and build a “clean, safe, and beautiful Sri Lanka,” while contributing to a new global framework for combating transnational crime.
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