Editorial
The foregone conclusion
The result of the no confidence motion on Speaker Mahinda Yapa Abeywardene was a foregone conclusion. There was no breaking of ranks either on the government or the opposition side of the House nor abstentions and the only matter of interest was who opted to stay away at voting time and why. NPP/JVP leader Anura Kumara Dissanayake whose contribution to the debate was a two-fisted attack, including pointed reference to the number of Yapa Abeywardenes on the speaker’s personal staff and the fact that his (the speaker’s) son was Chairman of the National Lotteries Board under the purview of the finance ministry (the president is the finance minister) was damning enough that it was not necessary that he cast his vote. AKD had to board a flight to Canada and did not vote.
The speaker who confined much of his post debate statement to the substance of the motion itself maintained a diplomatic silence on the number of his family members in the parliamentary staff. He did say that the three day debate would have cost the taxpayer a tidy Rs. 45 million but made no mention of the many million in pay and perks going into the pockets of his kith and kin. The present incumbent of the speaker’s chair is not the first to face such a motion. As he himself revealed, he was the fifth speaker to face such an ordeal, if ordeal it was, but was the first to be accused of violating the constitution.
Speaker Yapa Abeywardene, like former President Gotabaya Rajapaksa in his recently published book opted to name no names although he was free with his claim that he was under domestic and international pressure to assume the presidency when GR was going, going but not quite gone. Sri Lanka’s precedence table ranks the speaker behind the president and prime minister. The speaker says GR consulted him about the handover of power but did not says whether this was before or after RW was made prime minister – a vitally relevant factor. Wimal Weerawansa in his book alleged that U.S. Ambassador Julie Chung visited the speaker’s residence to persuade him to take over. The speaker maintained a studious silence on the subject although Chung tweeted “I am disappointed that an MP has made baseless allegations and spread outright lies in a book that should be labeled ‘fiction’. But the speaker’s post-budget statement on Thursday about international pressure may lend a degree of credence to Weerawansa’s allegation.
There is no doubt that speakers are generally elected by governments as Mahinda Yapa Abeywardene was. It is also true that speakers let the opposition have their say and the government have its way to preserve even a veneer of impartiality. It is good parliamentary practice that they shed their political allegiances no sooner they attain office. How often that happens is anybody’s guess but it is known that former Speaker Karu Jayasuriya never stepped into Sirikotha after his elevation.
Governor’s conundrum
We run a front page report in our newspaper today that Central Bank Governor Nandalal Weerasinghe had accepted the report of the Committee of Public Finance (COPF) that the recent across the board (governor excluded) Central Bank salary increases should be withheld until some agreement is reached between the bank and COPF. But the problem is that the March salaries are already in the bank’s payroll system and payment is due on Monday. He has said that adjustment will take a little time. Also, going back to previous pay scales would mean that some officials will get a “negative pay” and that must be cleared with them before imposing the burden.
The report quotes the governor asking COPF to give the bank some guidance on how to set about doing this. Dr. Harsha de Silva, the opposition SJB MP who chairs COPF is on recent record saying that what was at issue was not the increase but the size of the increase and the timing. De Silva has said he will put the bank’s request to the committee on whether to allow the March increase and thereafter hold off until “we arrive at an acceptable resolution.” He agrees that the two sides should work together to find an acceptable solution. Happily the exchanges between the Central Bank and COPF have been cordial.
This is perhaps attributable to both the governor and Dr. Harsha de Silva adopting non-confrontational stances towards each other.
In an interview published on Thursday by our stablemate, The Island, Governor Weerasinghe went on record that he got no raise as a result of the recent arrangement. The increases only applied to deputy governor level and the governor’s salary was lower than that of many other staff including the lower grades. “I have no complaint at all about my salary as I hold this position only due to my desire to help the economy to recover from its worst crisis using my experience and knowledge as a career central banker,” he has said. He added that he will make no pension claim for his tenure as governor. Weerasinghe retired as a deputy governor and enjoyed pension benefits on that basis until he returned to the bank on invitation post-retirement.
For reasons that remain officially unexplained, the previous administration of the bank made former governors eligible for pension regardless of their tenure. However, the incumbent revealed that some of them have refused to claim their entitlements but did not say who they are. Prof. W.D. Lakshman who last headed the bank served for less than two years between December 2019 and September 2021. Mr. Nivard Cabraal had two spells as governor between July 2006 and Jan. 2015 and again between Sept. 2021 and April 2022. Former Hayleys Chairman Sunil Mendis served just less than two years between July 2004 and June 2006. Arjuna Mahendran also served less than two years between Jan. 2015 and June 2016.
It won’t be too hard to guess who among the short tenure governors have declined their pensions.
Editorial
Washington shooting and ‘sick people’
Monday 27th April, 2026
US President Donald Trump would have the world believe that Saturday evening’s shooting incident during the annual White House Correspondents’ dinner, at the Washington Hilton, was part of a plot to assassinate him. The event had just got underway when shots were heard in a lobby adjoining the ballroom. President Trump, his wife, Vice President J. D. Vance and other government politicians were rushed off the stage unhurt and escorted out of the hotel. Others ran for cover. Fortunately, no one was hurt. The gunman was arrested and identified as Tomas Allen, a 31-year-old from California.
President Trump lost no time in taking to Truth Social, calling the assailant a ‘very sick person’. One cannot but agree with him on this score. Nobody in his proper senses would ever have sought to harm a group of unarmed persons or penetrate a thick security cordon, carrying only a gun and knives, to assassinate the President of the United States. Just like the Californian man now in custody, those who carry out assassinations or order them are ‘very sick people’.
Ironically, President Trump, who ran away on Saturday, fearing a gunman, never misses an opportunity to brag that he had a foreign leader assassinated—Ayatollah Ali Khamenei of Iran. It is ‘very sick people’ who have civilian centres, especially hospitals and schools, bombed in the name of war. During the opening hours of the US-Israeli attacks on Iran, on 28 February, a missile struck a girls’ school, killing more than 170 people, most of whom were schoolgirls. There are also videos of brave Iranian doctors and nurses risking their lives to save babies in neonatal intensive care units during airstrikes on hospitals. Only ‘very sick people’ order such attacks, and try to justify them.
President Trump has said that on Saturday evening the assailant was taken down by “brave” Secret Service members, confirming that one officer was shot from a “very close” distance with a “very powerful” gun, but was saved by his bulletproof vest. Thankfully, the incident ended without bloodshed, and the Secret Service members no doubt acted bravely. But there was a serious lapse on their part; the gunman gained access to the Hilton lobby, without being detected, like in a Hollywood political action thriller.
Answering a question about why some people hoped to take his life, President Trump told the media at the White House that while he did not want to say he felt “honored” by having his life threatened, he knew people did not go after those who sat around and did nothing. He added that America was a strong country that was no longer the “laughing stock” of the world. Thus, he has tried to use Saturday’s shooting incident to boost his image, with the midterm elections drawing nearer.
Trump survived an assassination attempt during his re-election campaign in 2024, and that incident stood him in good stead; he made the most of the bullet that grazed his right ear to gain political mileage. Theatrics and rhetoric help gain popular support to win elections. Saturday’s shooting incident also seems to have benefited Trump politically, for it eclipsed a protest by those seeking justice for the victims of the Epstein sex scandal and legal action against all paedophiles who were in league with Epstein. The protesters were projecting images of Trump with Jeffrey Epstein onto the Washington Hilton, when the evening was shattered by gunfire. But for that incident, the protest and the images projected on the hotel would have received much publicity in the US and across the world. Today, the media is full of reports on the shooting incident and Trump’s braggadocio at a subsequent media briefing.
However, the Epstein files will not go away. Conflict in West Asia and promises to make America great again will not help make the damning files disappear. They will continue to dog Trump and there will be no escape for him.
Editorial
Bleeding Treasury
Corruption scandals and blunders of successive governments have bled the state coffers for decades. The Treasury has lost USD 2.5 million again owing to a compromised payment process, and its bigwigs and their political masters are all out to muddy the water. The Opposition is out for their scalps. It never rains but it pours. Scandals have been cropping up in quick succession under the current dispensation.
The JVP-NPP government is in the same predicament as a cantankerous, all-knowing backseat driver suddenly thrust behind the wheel on a treacherous road. Having talked the talk, it now has to walk the walk. Less than two years into office, it has many problems to contend with. The last few weeks have been particularly bad. It must be a fate worse than death for the JVP/NPP leaders, who came to power, condemning previous governments and promising good governance, to be accused of corruption by their political opponents who are known to be utterly corrupt.
The government was reeling from a coal procurement scam that led to the resignation of Energy Minister Kumara Jayakody and Energy Ministry Secretary Udayanga Hemapala, when an NPP propaganda stunt, aimed at boosting the images of the President and the Prime Minister as simple leaders, backfired, with a minister’s palatial house and unexplained assets coming to light. It has now been revealed that the JVP leaders who claimed that their lot was no better than that of the ordinary people are politicians of substantial means. Then, HSBC CEO Georges Elhedery dropped a bombshell. He revealed that Sri Lanka had paid the highest premium for oil in the world, recently. The government had to admit that it purchased diesel at USD 286 a barrel, to replenish stocks, thereby admitting, albeit unwittingly, that the substandard coal imports had led to a shortfall in electricity generation at Norochcholai, and diesel had to be imported at exorbitant prices to keep oil-fired power plants running to prevent power cuts. Now, it is under fire over the transfer of USD 2.5 million from the Treasury to a fake account.
The government has attributed the misdirected Treasury payment to a hacking scheme. But cyber security experts have dismissed this claim as a tall tale. The diversion at issue could not be a simple “hack” and it was rather a case of a compromised payment process, where weak verification layers, email-based instructions, and insufficient system segregation left room for fraud, a fintech expert has told The Island. The government has a penchant for obfuscating issues, but in doing so it only makes matters worse for itself. There is no way it can justify the inordinate delay in reporting the Treasury fraud to the police.
Treasury Chief Dr. Harshana Suriyapperuma has claimed that the government kept the payment scandal under wraps lest the hackers should cover their tracks. The government seems to have a very low opinion of the intelligence of the public. Cyber criminals wipe out all traces of their illegal operations immediately after committing an offence, as is public knowledge. The government should have called in the CID immediately after realising that a misdirected payment had been made and maintained transparency in investigations. Instead, it ordered an internal inquiry. It is only natural that pressure is mounting on the Treasury Chief to step down. Fund transfers go through a layered authorisation process at the Treasury, and a few junior officials must not be scapegoated for the loss at issue. All senior officials who authorised the misdirected payment must be brought to book.
President Anura Kumara Dissanayake, who is also the Minister of Finance, claims to have information about all illegal transactions carried out by his predecessors, but he could not prevent a fraud in the Treasury under him.
It is doubtful that the government has taken cyber security seriously. It seems to think the task of preventing cybercrimes is as easy as carrying out social media attacks on its political opponents. The Opposition claims that the Treasury has suffered a huge loss because the officials who handled the fund transfers are not experienced and competent enough to perform such tasks. This allegation must not go uninvestigated. It is imperative that Parliament conduct a special probe into the Treasury fraud, and open it to the media. The public has a right to know what happened to their money, how the fraud happened, who is actually responsible, and what action will be taken to ensure the safety of state funds. It is hoped that President Anura Kumara Dissanayake will not appoint a presidential commission to investigate all misdirected payments by state institutions since Independence.
Editorial
Cyber thefts and political battles
Saturday 25th April, 2026
Another scandal has come to light and made international headlines. The illegal diversion of Treasury funds amounting to USD 2.5 million, meant for bilateral debt repayment to Australia, to a third party, could not have come at a worse time. It has happened close on the heels of the launch of the National QR Payment Adoption Programme to transform Sri Lanka into a cash-lite economy. Although the two payment systems are vastly different, and risks are much lower where the QR-based payment is concerned, the fraudulent diversion of Treasury funds is likely to erode public confidence in online fund transfers, if posts being shared via social media are any indication. The digital payment scheme is the way forward for the country, and it behoves the government to take action to clear doubts being created in the minds of the public. A misinformation campaign is already underway, and it needs to be countered.
Opposition Leader Sajith Premadasa has accused government politicians of making contradictory statements about the theft of Treasury funds. As he has rightly pointed out, it is clear from their claims that the government is still at sea, and instead of getting to the bottom of the fraud, it is trying to manage the political fallout from the incident. Some of them have even gone to the extent of bashing the Opposition. They ought to study the issue properly and speak with one voice. One need not be surprised even if the government propagandists concoct a conspiracy theory that the political rivals of the JVP/NPP masterminded the diversion of Treasury funds.
What one gathers from the government politicians’ different claims is that cyber criminals gained unauthorised access to the computer system of the External Resources Department (ERD) within the Finance Ministry through emails. They altered payment instructions, redirecting the funds to unauthorised accounts. There has been no system level hacking, according to cyber security experts. It defies comprehension why the ERD officials have not been trained to handle situations of this nature, which are not uncommon in the digital space. Even ordinary people double-check account details before transferring funds. A telephone call to the Australian creditor that was to receive funds from the Sri Lanka Treasury would have helped save USD 2.5 million.
The Opposition politicians are no better. They are also making various claims that are contradictory, and some of them have betrayed their ignorance of the issue. Most of them do not seem to know the difference between the functions of the Treasury and those of the Central Bank. They are only making the public even more confused by expressing opinions and making allegations to gain political mileage. Among them are lawmakers. They ought to be educated on the duties and functions of the Finance Ministry/Treasury and the Central Bank. What they will come out with in case of a parliamentary debate being held on the Treasury payment scam is anyone’s guess.
What needs to be done now is to ensure that the illegal fund diversion is probed thoroughly and the stolen money recovered forthwith while action is taken to prevent the repetition of such incidents. Political battles will not serve the country’s interests.
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