News
Gevindu presses PM over EPF matter, discrepancy in interest payments

By Shamindra Ferdinando
Gevindu Cumaratunga, MP, has sought Prime Minister Dinesh Gunawardena’s intervention to ensure State Finance Minister Shehan Semasinghe on behalf of President Ranil Wickremesinghe, who holds the Finance portfolio, provided a satisfactory answer to several queries he raised regarding the status of the Employees Provident Fund (EPF) as at 31 Dec., 2022.
In a letter dated February 28, 2024, addressed to Premier Gunawardena, who is also the leader of the government Parliamentary group, the dissident SLPP lawmaker said that though State Minister Semasinghe was to answer his queries on EPF on Dec 12, 2024, he didn’t do so.
MP Cumaratunga told The Island that he had submitted the following queries to Parliament on Nov 14, 2023 expecting answers from the Finance Minister: (a) (i) the total amount earned by the EPF by investing its funds; (ii) the value of the total deposits of the fund and (iii) the total amount earned by investing its funds as a percentage of the value of the Fund’s total deposits?
(b) (i) the number of contributors to the EPF; (ii) the number of active contributors; (iii) the total value of the balances in the accounts of the active contributors and (iv) the total amount earned by the Fund from investing its funds as a percentage of the total value of the balances in the accounts of active contributors?
MP Cumaratunga has reminded Premier Gunawardena that he submitted the queries on EPF afresh on February 08, 2024 as prorogation of Parliament quashed the questions that had been submitted earlier. Now that the questions had been included in the agenda for March 5, Premier Gunawardena should ensure the State Minister answers them and take tangible measures to address the grievances of the EPF members.
The leader of the Yuthukama civil society organization on Feb 20 made representations to the Premier regarding the discrepancy in the payment of interests to EPF contributors in 2022.
Responding to queries, the lawmaker said that based on Central Bank data, he sought an explanation as to how EPF contributors were paid 9% interest whereas Central Bank employees received 29.27% interest in 2022.
MP Cumaratunga said that the State Finance Minister refrained from responding to questions though the Central Bank responsible for EPF operations provided the answers he sought.
The lawmaker said that those who received just 9 % interest could have been paid 11% interest as the Fund had Rs 21 bn after all 2022 payments were made in addition to Rs 53 bn in reserves. The MP claimed that Rs 21 bn plus a part of the reserves could have been utilized to pay 11% interest but the powers that be didn’t do so.
MP Cumaratunga has also urged Premier Gunawardena to inquire into the circumstances Central Bank employees were paid 29.27% interest in 2022 as their investments couldn’t have resulted in such big returns to meet obligatory payments to the governments and then pay such high interest. The MP has stressed the need to take punitive action against those responsible for paying high interest if such income hadn’t been not made during that year.
The parliamentarian said that political parties hadn’t paid sufficient attention to the issue at hand. Actually, the Finance Ministry owed the country an explanation, the MP said, the IMF couldn’t turn a blind eye to what was going on. The IMF shouldn’t be selective in its concerns here, the MP said.
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“Siri Dalada Wandanawa” commences with the President’s Participation

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.
News
CIABOC drops 34 cases including those against Johnston and Rohitha

… 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
News
EC issues revised postal voting schedule

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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