News
MONLAR castigates govt. for not saving the poor from microfinance loan sharks
By Rathindra Kuruwita
The government is doing nothing to help the poor caught in a micro-credit trap, moderator of the Movement for Land and Agricultural Reform (MONLAR), Chinthaka Rajapakshe says.
Rajapakshe said that only the Parliamentary Committee on Gender Equality and some MPs, from both the government and Opposition, had shown some interest in the matter.
“We commend their interest. By the end of 2018, over 2.2 million Sri Lankans had taken microfinance loans amounting to Rs. 84.2 billion. We obtained this information from Microfinance Practitioners Association. This is a huge figure. Over 10% of Sri Lankans have taken these loans, almost always at very high interest rates. When one person in the family draws a loan, the entire family gets affected. So, we don’t know how many people are actually affected.”
Rajapakshe said MONLAR and a number of other organisations had been raising the issue for nearly half a decade, but successive governments had done little to address the issue.
“When they do, they come up with plans that benefit the lenders,” Rajapakshe said.
“Those affected by microcredit loans commenced a satyagraha at Hingurakgoda and it has dragged on for over a month. The government has taken no interest in it.”
In 2018, United Nations Independent Expert on the effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights, Juan Pablo Bohoslavsky, visited the country and found that an overwhelming number of individuals who had obtained micro credit loans were women.
Rajapakshe said: “Bohoslavsky reported that women were pressured by collectors to exchange ‘sexual favours’ for instalments and that there are cases of borrowers who tried to sell their kidneys to repay the loans. Some leave their villages, suffer domestic violence as a punishment for the breach of contract or have to work much harder and longer to earn sufficient money to repay the debts. Some of them have committed suicide.”
Bohoslavsky’s report also says that while the universe of borrowers is broad, women in poor and war-affected areas are specially targeted by micro-finance financial institutions, which charge their loans with up to 220 per cent interest and apply compound interest.
News
Dengue outbreak gallops ahead: Infections surpasses 73,455, leaving 50 dead
The countrywide dengue outbreak has intensified, with the death toll rising to 50, by July 16, as the number of reported infections surpassed 73,000, according to the National Dengue Control Unit (NDCU).
The country has recorded 73,455 dengue cases so far this year, with the case fatality rate standing at 0.07 percent, highlighting the severity of the ongoing outbreak.
The Western Province continues to remain the worst affected region, accounting for more than half of the total cases, with 38,700 infections. The Gampaha District has recorded the highest number of cases in the province with 15,341, followed closely by Colombo with 14,625.
The Southern Province has reported 11,382 cases, while the Sabaragamuwa and Central provinces have each recorded more than 6,000 infections.
Dengue cases have shown a sharp increase in recent months, with June recording the highest monthly total of 21,538 cases, while July has already reported 18,076 infections. In comparison, 8,590 cases were reported in May, and 5,651 in April.
Health authorities have identified 175 Medical Officer of Health (MOH) areas as high-risk locations during the 27th epidemiological week. An average of 2,677 new dengue cases are being reported daily, prompting authorities to intensify prevention and mosquito control measures.
News
Evidence recorded in money laundering case against Yoshitha Rajapaksa
The Colombo High Court yesterday (17) resumed hearing the money laundering case filed against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, under the Prevention of Money Laundering Act.
The proceedings were held before High Court Judge Udesh Ranatunga, where evidence was recorded from prosecution witnesses, under the direction of Deputy Solicitor General Janaka Bandara.
President’s Counsel Sampath Mendis, appearing for Yoshitha Rajapaksa, cross-examined the witnesses during the hearing.
After recording evidence, the court ordered that further examination of evidence be postponed until July 24.
The Attorney General has filed indictments, alleging that Yoshitha Rajapaksa committed an offence, under the Prevention of Money Laundering Act, by purchasing five plots of land in Dehiwala and Ratmalana, valued at more than Rs. 73 million.
News
Former IGP C.D. Wickramaratne dies in suspected suicide
Former IGP Chandana Deepal Wickramaratne died after sustaining a gunshot injury at his residence, in Thalangama, yesterday (17), with police saying preliminary investigations indicate that the incident was a suspected suicide.
Kaduwela Magistrate Aruna Indrajith Buddhadasa, on Friday, ordered the Officer-in-Charge of the Malabe Police Station, Police Inspector Pradeep Ranasinghe, to conduct a formal investigation into the death and submit a report to court on its progress.
The order was issued after the Malabe Police Station presented facts before court regarding the incident.
According to police, the Malabe Police Station received information from the Police Unit of the Colombo East Base Hospital, in Mulleriyawa, that Wickramaratne, who resided in the Thalahena area, within the Malabe Police division, had died after being admitted to hospital, with gunshot injuries.
Police Spokesman ASP F.U. Wootler said Wickramaratne had allegedly used the firearm of his personal security officer and shot himself at his residence.
Police said the shooting had taken place at his residence on Parakum Road, Thalangama, on Thursday morning, before he was due to leave for his regular exercise routine. He was rushed to the Colombo East Base Hospital, in Mulleriyawa, with serious injuries but was pronounced dead upon admission, police said.
The deceased’s remains were placed at the Colombo East Base Hospital, where a post-mortem examination was scheduled to be conducted.
ASP Wootler said three police teams have been appointed to investigate the incident. Further investigations are being conducted by the Crime Division of the Western Province South Range and the Malabe Police Station.
Wickramaratne, 63, served as the 35th Inspector General of Police of Sri Lanka from November 27, 2020, to November 23, 2023.
He joined the Sri Lanka Police in 1986 as a Probationary Assistant Superintendent of Police and later served in several senior positions.
A graduate of the University of Colombo and the General Sir John Kotelawala Defence University, he also served as Acting IGP for more than a year, from April 28, 2019, before being appointed IGP, in November 2020.
He retired from the post of Inspector General of Police, in November 2023.
by Norman Palihawadane ✍️
-
Features6 days agoPrison riots and politics: NPP’s biggest challenge and Sri Lanka’s biggest opportunity
-
Features3 days agoDirty Money
-
Editorial6 days agoMuch ado about crime: Fish or cut bait
-
Features6 days agoMore on Saudi Arabia: ARAMCO and beyond
-
News1 day agoMoney laundering case against Yoshitha, fixed for pre-trial conference
-
Sports6 days agoThe banker who rescued Sri Lankan cricket
-
Midweek Review3 days agoThe sordid tale of theft and tragedy at Finance Ministry
-
Latest News4 days agoOil prices hit 1-month high as US-Iran attacks dim Strait of Hormuz outlook
