News
Explanation sought over Monetary Board Secy.’s sudden transfer
Rohini calls for social media campaign against govt. move
By Shamindra Ferdinando
The Samagi Jana Balavegaya (SJB) has sought an explanation from the government over the sudden removal of the Secretary to the Monetary Board of the Central Bank of Sri Lanka, K.M.A.N. Daulagala on16 Sept.
Matale District lawmaker Rohini Kaviratne yesterday (19) questioned the rationale behind Assistant Governor Daulagala’s removal. The former UNP MP emphasised that Daulagala had played a critically important role in the Central Bank’s response in the wake of Treasury bond scams perpetrated in 2015 and 2016. Therefore, her removal was quite suspicious and might facilitate efforts to suppress those scams as well as future frauds as well.
MP Kaviratne represented the UNP during Ranil Wickremesinghe’s tenure as the Prime Minister (2015-2019).
Declaring that Daulagaha had been at the forefront of the efforts to create a clean administration, Kaviratne stressed that she was second only to Rohini Nanayakkara of the Bank of Ceylon (BOC) and earned the respect of all for courageously taking a stand against fraudulent practices.
The SJB spokesperson said that Daulagala, in her capacity as the head of the non-banking sector financial institutions, handled the ETI investigation at the onset (2010-2012) of the probe. In the wake of her recommendations pertaining to the ETI being rejected by the Central Bank, she received a transfer to another section, MP Kaviratne said.
The Monetary Board is responsible for making all policy decisions related to the management, operation and administration of the Central Bank. It comprises Governor Ajith Nivard Cabraal, Finance Secretary S.R. Attygalle, Sanjeeva Jayawardena, PC, Dr (Mrs) Ranee Jaymaha and Samantha Kumarasinghe.
Cabraal, who served as the Governor (2006-2014) recently replaced W.D. Lakshman on President Gotabaya Rajapaksa’s request.
Kaviratne asked who had benefited from the removal of the Secretary to the Monetary Board?
MP Kaviratne said that Daulagala had been involved in the internal process following the first Treasury bond scam and the subsequent developments, including the coordination between the Central Bank and the Attorney General’s Department pertaining to the Treasury bond scams. Urging women’s organsations, civil society and law abiding citizens to take up Daulagala’s removal through social media, lawmaker Kaviratne said that the issue at hand should receive attention of the parliament.
“The Parliament is responsible for public finance. The Parliament cannot turn a blind eye to what is going on in the Central Bank. The national economy is in such a perilous state every effort should be made to investigate past frauds and thwart future adventures,” the MP said.
MP Kaviratne also recalled the role played by Deepa Seneviratne, Superintendent of Public Debt at the time of the first Treasury bond scam in exposing the then Governor’s culpability. “Unfortunately, we seem to be unable to change the direction regardless of exposure of past misdeeds,” she said.
Declaring that she had no intention of protecting any wrongdoer under any circumstances, MP Kaviratne said that the incumbent government should ensure transparency and accountability in public finance.
Examination of COPE (Committee on Public Enterprises), COPA (Committee on Public Accounts) and COPF (Committee on Public Finance) proceedings revealed a frightening picture, lawmaker Kaviratne said. Shocking revelations made by the watchdog committee should be examined against the backdrop of overall deterioration of the national economy over the past several years, the MP said.
She said that it would be a grave mistake on the government’s part to blame the current crisis on the raging Covid-19 epidemic. Acknowledging the difficulties caused by the economic downturn, MP Kaviratne said that the country was paying a huge price for unbridled waste, corruption, irregularities and negligence.
The MP asserted that the citizenry could play a bigger role in a political campaign on social media. The vast majority of those who use social media strengthened democratic opposition, she said. Removal of Daulagala could be a rallying point, she said, urging public onslaught on the SLPP government.
News
Navy seizes an Indian fishing boat poaching in northern waters
During an operation conducted in the dark hours of 27 Dec 25, the Sri Lanka Navy seized an Indian fishing boat and apprehended 03 Indian fishermen while they were poaching in Sri Lankan waters, south of the Delft Island in Jaffna.
The seized boat and Indian fishermen (03) were brought to the Kreinagar Jetty and were handed over to the Fisheries Inspector of Jaffna for onward legal proceedings.
News
Delay in govt. response to UK sanctions on ex-military chiefs, and others causes concern
Admiral of the Fleet Wasantha Karannagoda said that he is still waiting for the government’s response to the UK sanctions imposed on three ex-military officers, including him, and a former member of the LTTE.
The former Navy Chief said so in response to The Island query whether he was aware of the position taken by a three-member ministerial committee, consisting of Foreign Minister Vijitha Herath, Justice and National Integration Minister Harshana Nanayakkara and Deputy Defence Minister Maj. Gen (retd) Aruna Jayasekera.
The government named the committee in the wake of the UK declaration of travel bans and asset freezes in respect of Karannagoda, General Shavendra Silva, General Jagath Jayasuriya and Vinayagamoorthy Muralitharan, also known as Karuna. Maj. Gen. Jayasekera said that they inquired into the issue at hand.
Karannnagoda said that he would like to know the government’s recommendations if the ministerial committee briefed the Cabinet as per a decision taken by the Cabinet of Ministers. Karannagoda said that the issue should have been taken at the highest level as various interested parties continue to humiliate the war-winning military by targeting selected individuals.
Other sources, familiar with the issues at hand, told The Island that the government was yet to announce its stand.
Sources pointed out that the Opposition has been silent on what they called a matter of utmost national importance.
Cabinet spokesman Dr. Nalinda Jayathissa is on record as having described the UK move as a unilateral move and that committee was formed to examine the developments and recommend appropriate measures to the Cabinet.
Foreign Minister Herath told The Island the government was not successful in getting the British to withdraw sanctions. Describing the UK decision as unilateral, the Miniser said that the government conveyed its concerns but the UK didn’t change its stand.
The Island raised the issue with Minister Herath and Admiral Karannagoda in the wake of British MP of Sri Lankan origin, Uma Kumaran requesting the UK Foreign Secretary Yvette Cooper to expand on the government’s sanctions imposed on the four above-mentioned persons.
During a Foreign Affairs Committee meeting on 16 December, the MP for Stratford and Bow highlighted the lack of accountability and political will from the current Sri Lankan government to address war crimes and mass atrocities committed in Sri Lanka.
Sources said that David Lammy, who served as Secretary of State for Foreign, Commonwealth and Development Affairs at the time of the declaration of sanctions, had no qualms in declaring that the action taken against four Sri Lankans was in line with a commitment he made during the election campaign to ensure those responsible wouldn’t be allowed impunity. The UK government statement quoted Lammy as having said that this decision ensured that those responsible for past human rights violations and abuses were held accountable.
By Shamindra Ferdinando
News
Sri Lanka outlines seven key vectors of international cooperation at Moscow forum
Sri Lankan Ambassador to the Russian Federation, Shobini Gunasekera recently presented a conceptual framework of seven key vectors that defined contemporary international relations and facilitated dialogue among States. She made the presentation at XI Moscow International Financial and Economic Forum held under the theme “Building Bridges: Partnership without Borders”.
In her address, the Ambassador emphasised that these vectors represent the channels through which ideas circulate, trade expands, and peace is strengthened, serving as guiding principles for cooperation amid global uncertainties. The seven key vectors highlighted were economic ties as a foundation for long-term stability; political choice and diplomacy through dialogue and multilateral engagement; security cooperation to address cross-border threats; cultural linkages through education, tourism, and professional exchanges; technological advancement, particularly in digital systems and artificial intelligence; environmental stewardship through collective action on renewable energy and climate change; and humanitarian obligations, including disaster relief and development cooperation.
Drawing on Sri Lanka’s experience, the Ambassador illustrated the practical application of these principles by highlighting the country’s strategic location in the Indian Ocean, its role as a trade and logistics hub, and its active engagement in regional groupings such as BIMSTEC and the Indian Ocean Rim Association, where the Russian Federation serves as a Dialogue Partner.
The potential for enhanced Sri Lanka–Russia bilateral cooperation was underscored, particularly through complementarities between Russia’s technological and energy expertise and Sri Lanka’s logistical capabilities and maritime infrastructure. She noted that such synergies could support joint initiatives in trade, innovation, tourism, and logistics, while cultural and scientific exchanges would further strengthen mutual understanding between the two countries.
Concluding her remarks, the Ambassador stated that sustained progress requires dialogue, mutual respect, and forward-looking partnerships capable of shaping a shared and stable future.
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