Connect with us

News

SJB says Pandora Papers probe mere eyewash

Published

on

Main Opposition SJB alleged that the Government was attempting to sweep the Pandora papers under the carpet and the investigation will be mere eyewash.

SJB Colombo District MP SM Marikkar on Thursday told Parliament that the government appeared to be intent on hushing the issue by linking the time of the commission of the alleged offence to a non-Rajapaksa regime era prior to 1994.

The aim of linking the issue to those years was because money laundering regulations were introduced in the country only in 2006.

He said that an investigation had been conducted by the Yahapalanaya government on Thirukumar Nadesan, the husband of Nirupama Rajapaksa, whose name was in the Pandora Papers and his alleged links to a luxury house in Malwana.

“According to the investigations, between Dec 2012 to Nov 2014, $ 2.4 million had come into the country from a company called ‘Red Ruth’ via HSBC – Hong Kong to the NTB’s Cinnamon Gardens branch.

“Thereafter, from January to November 2014, a further $ 1.3 million had been paid into another account of Nadesan, totalling $ 3.7 million. Overall, total funds received amounted to $ 5.9 million,” Marikkar said, adding that the funds had been transferred by China Cement Engineering and China National Machinery.

He alleged the funds were a kickback by the Chinese and linked to Sri Lanka Government payments amounting to Rs. 4 billion to Chinese firms in connection to the Gin and Nilawala Ganga project just prior to the 2015 Presidential election, which the Rajapaksa’s lost.

“Between December 2014 and early January 2015, Rs. 4 billion was remitted,” claimed the SJB MP, reading from a document during his speech.

Marikkar said that the decision to appoint a Commission to probe the Pandora papers was eyewash.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Advisory for severe lightning issued for Sabaragamuwa, Central and Uva provinces and in Hambanthota district

Published

on

By

Color: -Red Warning (Take action) Color: -Amber Advisory (Be prepared) Color: -Green Threat is over

The Natural Hazards Early Warning Centre has issued an Advisory for Severe Lightning for the Sabaragamuwa, Central and Uva provinces and in Hambanthota district.

The advisory issued at 02.00 p.m. today [07 April 2025]  is valid for the period until 11.00 p.m. 07 April 2025

The public are warned that thundershowers accompanied by severe lightning are likely to occur at several places in for Sabaragamuwa, Central and Uva provinces and in Hambantota district. There may be temporary localized strong winds during thundershowers. General public is kindly requested to take adequate precautions to minimize damages caused by lightning activity.

ACTION REQUIRED:

The Department of Meteorology advises that people should:

Seek shelter, preferably indoors and never under trees.
• Avoid open areas such as paddy fields, tea plantations and open water bodies during thunderstorms.
• Avoid using wired telephones and connected electric appliances during thunderstorms.
• Avoid using open vehicles, such as bicycles, tractors and boats etc.
• Beware of fallen trees and power lines.
• For emergency assistance contact the local disaster management authorities.

 

Continue Reading

Latest News

“Census of Population and Housing 2024” Report Presented to the President

Published

on

By

The report of the “Census of Population and Housing 2024,” conducted by the Department of Census and Statistics, was officially handed over to President Anura Kumara Disanayake this morning (07) at the Presidential Secretariat.

This preliminary report has been prepared based on island wide data collected between October and December 2024.

The report provides details on Sri Lanka’s population, its growth and the distribution of the population across districts.

The information gathered through the census is vital not only for the government but also for other institutions in formulating policies and development plans essential for the country’s progress. Significantly, for the first time in the history of census-collecting in Sri Lanka, data collection was carried out using tablet computers and user-friendly mobile devices.

The event was attended by Deputy Minister of Finance & Planning, Harshana Suriyapperuma, Secretary to the President Dr. Nandika Sanath Kumanayake, Secretary to the Ministry of Finance Mahinda Siriwardana, Director General of the Department of Census and Statistics D.D.G.A. Senevirathne and several other officials.

Continue Reading

Business

Central Bank Presents Annual Economic Review 2024 to President

Published

on

By

The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Disanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history.

The report was officially handed over by Dr. P. Nandalal Weerasinghe, Governor of the Central Bank, during a special ceremony held at the Presidential Secretariat.

AER 2024 comprises four main chapters: Macroeconomic Developments, Conditions of the Financial System, Review of Central Bank’s Policies and Macroeconomic Outlook.

According to the Review, the Sri Lankan economy showed significant signs of recovery in 2024, following the deep economic crisis experienced two years ago. The recovery trajectory, though challenging, has been notably faster than that of many other debt-distressed countries.

Improvements in economic activity, a partial resurgence in purchasing power and reduced uncertainty are among the key positive indicators noted in the report.

The event was attended by Dr. Nandika Sanath Kumanayake, Secretary to the President,  K. M. Mahinda Siriwardena, Secretary to the Treasury, Mrs. K. M. A. N. Daulagala, Senior Deputy Governor, Dr. C. Amarasekara, Assistant Governor, Dr. (Mrs.) S. Jegajeevan, Director of Economic Research and Dr. L. R. C. Pathberiya and Additional Director of Economic Research at the Central Bank Dr. V. D. Wickramarachchi.

[PMD]

Continue Reading

Trending