Midweek Review

The Order of the Rising Sun conferred on former Governor of Central Bank, Sri Lanka

Published

4 years ago

2022/09/7

Governor, CBSL, Dr. Nandalal Weerasinghe, responding to lawmakers. (From left:) Speaker Mahinda Yapa Abeywardena, Dr. Weerasinghe, SLFP MP Angajan Ramanathan and Deputy Secretary General of Parliament, Kushani Rohanadeera, who introduced the Governor, while acknowledging the parliamentary accountability for finance (pic courtsy Parliament)

For the first time in parliamentary history, the Central Bank of Sri Lanka has issued a dire warning to Parliament and political parties therein over the responsibility on their part to ensure financial stability and discipline. Their failure to do so would trigger public protests again, they were told. There hadn’t been such a public warning. The warning was issued by no less a person than Dr. Nandalal Weerasinghe, Governor of the Central Bank, when he dealt with ‘Sri Lanka’s current economic situation and way forward’ on Aug 31.

By Shamindra Ferdinando

The Government of Japan, on August 22, conferred ‘The Order of the Rising Sun,’ Gold Rays with Neck Ribbon’ on Deshamanya Prof. Weligamage Don Lakshman, former Governor of the Central Bank (Dec 2019-Sept – 2021). Prof. W.D. Lakshman received the Japanese honour at a ceremony held at the residence of Japanese Ambassador Mizukoshi Hideaki. Kalyani Siriseeli Lakshman, the spouse of the emeritus professor, was conferred ‘The Order of the Rising Sun, Gold Rays with Rosette.’

The Japanese Embassy declared they were honoured for their distinguished contribution in promoting mutual understanding and friendship between Japan and Sri Lanka, through education.

‘The Order of the Rising Sun’ is awarded by the Emperor of Japan to foreign nationals who have made a distinguished contribution to enhancing friendly relations with Japan. The Japanese Embassy statement, dated August 22, also made reference to his tenure as the Governor of the Central Bank.

Before The Island dealt with Prof. Lakshman’s CBSL leadership, it would be pertinent to mention that Sri Lanka’s diplomatic relations with Japan suffered irreparable damage during this tenure when the former unilaterally cancelled the Tokyo-funded Light Rail Transit (LRT) project, after much groundwork had been completed. Dr. P.B. Jayasundera, the then Secretary to President Gotabaya Rajapaksa, in September 2020, just weeks after the UPFA scored a landslide victory at the last general election, issued instructions to terminate the Japan International Cooperation Agency-funded LRT on the grounds that it was ‘very costly and not the appropriate cost-effective transport solution for the urban Colombo transportation infrastructure.’

Recently, the former Chairman of the Committee on Public Enterprises (COPE) Prof. Charitha Herath, MP, asserted, in Parliament, that the cancellation of the LRT project still remained a mystery. The SLPP rebel alleged that even the person (Dr. PBJ) who issued instructions, in that regard, is silent over the circumstances leading to the cancellation of the project. Did President Gotabaya Rajapaksa, the Cabinet-of-Ministers, the Finance Ministry, or Dr. PBJ, who functioned as the President’s chief advisor on economic affairs, consult Prof. Lakshman and then Attorney General Dappula de Livera, PC, before rushing to that decision?

The Governor of the Central Bank heads the five-member Monetary Board. At the time Dr. PBJ issued instructions, as regards the termination of the project, the Monetary Board consisted of Governor Prof. W.D. Lakshman, S.R. Attygalle (both ex-officio), Sanjiva Jayawardena, PC, Dr. Ranee Jayamaha and Samantha Kumarasinghe.

During the COPE proceedings, in May this year, chaired by Prof. Herath, the parliamentary watchdog committee established failure as well as the responsibility on the part of the Monetary Board, Prime Minister Mahinda Rajapaksa (he held the finance portfolio at that time), the Cabinet-of-Ministers, and Dr. PBJ, for the current crisis. The incumbent Governor, CBSL didn’t mince his words when he, in response to questions posed by Prof. Herath and opposition SJB lawmakers, Patali Champika Ranawaka and Dr. Harsha de Silva, named those responsible. Soft spoken Dr. Weerasinghe didn’t hesitate at all when he identified Dr. PBJ as the one who blocked an early agreement between the government and the International Monetary Fund (IMF).

Of course reform medicines, that the Fund prescribes, are very bitter to swallow for those seeking its assistance and it is not short of critics around the world. And many of its patients, especially in Latin America and Africa, are yet in dire straits after swallowing its medicines for years, if not decades. Many of those countries have got some glimmer of hope only after countries like China came forth with generous aid projects, especially in the form of massive infrastructure developments, like railways, housing, etc., often criticized by the West.

Playing politics with a bankrupt economy

Recently some members of Parliament demanded an inquiry into the failure on the part of Dr. Weerasinghe to inform Parliament of the status of the economy. They found fault with him for declaring Sri Lanka’s inability to service foreign debt before bringing it to the notice of the House.

A section of the media reported that Dr. Weerasinghe is in a soup for not duly informing Parliament about the ground situation. Perhaps, the lawmakers had conveniently forgotten that the then President Gotabaya Rajapaksa had requested Dr. Weerasinghe to take over the leadership of the CBSL after the country became virtually insolvent, even unable to pay for basics from abroad. At the time Dr. Weerasinghe retired, in January 2021, he held the post of Senior Deputy Governor and received the top post on April 08, about a month before a humiliated Mahinda Rajapaksa quit the premiership. Just 72 hours later, the UNP leader succeeded Rajapaksa. Less than two weeks later, Wickremesinghe secured the finance portfolio, too.

In fact, by the time Prof. Lakshman quit, in September 2021, to pave the way for Ajith Nivard Cabraal, who previously served as the Governor CBSL from 2006 to 2015, to return to the same top post, the economy was in tatters. Cabraal’s much publicized six-month roadmap didn’t change a thing. The ruling SLPP continued to engage in silly propaganda as the situation deteriorated, rapidly; by the time President Rajapaksa’s government approached Dr. Weerasinghe in Australia, the crisis was beyond control.

The retired political appointee Prof. Lakshman cannot absolve himself of causing unprecedented destruction and current turmoil though he simply succumbed to political pressure. What Prof. Lakshman actually did was the overseeing of the destruction of the economy in his capacity as the Governor and head of the Monetary Board.

Of course matters were exacerbated by some unforeseen events, beginning with the unprecedented terror attacks by Islamic terrorists here on Easter Sunday 2019, supposedly in retaliation for terror attacks on Muslims, in places like Christchurch, New Zealand, that delivered a body blow to the vital tourism industry here. Then before we could recover from that, there came the pandemic fear from the beginning of the following year with resultant lockdowns that also crippled the entire economy. To the credit of our rulers, we did weather the pandemic storm better than most countries, including India, where unknown numbers perished. We were also hit, like every other country, by the war in Ukraine, which could have been easily defused, like the 1962 Cuban missile crisis involving the then two super powers as now. But in our opinion what reduced us to being international beggars was the almost successful shutting down of our last lucrative foreign exchange earner, the remittances of our expatriate workers by illegal underground money transfer schemes, known as Hawala and Undiyal.

It was also the fault of the authorities, going back to possibly the 1990s, for allowing private foreign exchange traders to operate with hardly any controls that led to the bleeding of vital foreign currencies from the country. It has been a known fact that proceeds from the lucrative drug trade had been easily repatriated abroad by drug dealers, thanks to the free availability of foreign currency with those dealers, where no questions are asked. We wonder whether such anti-national decisions were taken at the behest of economic hitmen at the IMF and the World Bank.

Combination of these situations led to the country being reduced to an international beggar.

Hell-bent on appeasing his political masters, Prof. Lakshman, well past his prime, merely followed instructions. Those who remained as Monetary Board members, under Prof. Lakshman’s leadership, cannot absolve themselves of the responsibility for the current crisis. Had Jayawardena, a highly successful lawyer, and Jayamaha, a retired top Central Banker, and even headed private banks, were so concerned and opposed the conduct of Prof. Lakshman and Treasury Secretary Attygalle, they should have quit the outfit. Instead, they remained. And they continued to do so. Their declarations at the COPE proceedings of their failed bids to influence Prof. Lakshman cannot justify their failure.

Of course, the Japanese Embassy, in Colombo, shouldn’t be faulted for recommending the Order of the Rising Sun for Prof. Lakshman in the evening of his life for services rendered during better days. However, the Japanese Embassy caused quite a stir when Senior Professor Sampath Amaratunga, Chairman of the University Grants Commission (UGC) was conferred ‘The Order of the Rising Sun’ twice.

The academic received the award on 14 October 2021 from the then Japanese Ambassador in Colombo, Akira Sugiyama, at his official residence. For the second time, the UGC Chief received the same at Dharmavijayaloka Vihara in Rukmale in Pannipitiya at an event organized on January 22, 2022. The incumbent Japanese Ambassador Mizukoshi Hideaki and the then President Gotabaya Rajapaksa were present on the occasion.

Ali Sabry, PC, had the guts to defend Dr. Weerasinghe in Parliament. In fact, both Dr. Weerasinghe as well as Sabry, in his capacity as the Finance Minister squarely blamed those who had advised President Gotabaya Rajapaksa for the economic meltdown. Having held talks in Washington with the IMF and the World Bank in late May, Sabry, in an exclusive interview with Swarnavahini in early June disclosed how the advisors (Dr.PBJ, Governors of the CBSL, Treasury Secretary et al) deceived the President and the Cabinet-of-Ministers until it was too late.

No one challenged Sabry over his shocking declarations. Actually, Sabry basically repeated what Dr. Weerasinghe told the COPE.

Formidable challenge

Dr. Weerasinghe, obviously has earned the wrath of some lawmakers/political parties for taking an uncompromising stand against irresponsible governance. Addressing the Mps, on the invitation of Speaker Mahinda Yapa Abeywardena, in Parliament, the day after President Wickremesinghe, in his capacity as the Finance Minister presented an interim budget, Dr. Weerasinghe warned that the whole exercise, involving the IMF, could collapse if political parties didn’t change their strategies. Dr. Weerasinghe demanded a genuine acceptance of the agreement or warned political parties to prepare to face the consequences. Had the Parliament met its two primary obligations, namely financial responsibility and enactment of laws, the Speaker wouldn’t have found any justifiable reason to invite the Governor who indicated he would not stand any nonsense under any circumstances.

Whatever some unscrupulous politicians say, the vast majority of the public appreciated senior officials taking such a stand. It would be pertinent to mention the circumstances Dr. Weerasinghe received a six-year term on June 30 as the Governor, CBSL. Dr. Indrajith Coomaraswamy, who succeeded Arjuna Mahendran in June 2016, in the wake of the second far bigger Treasury bond scam, was unceremoniously asked to leave after Gotabaya Rajapaksa’s triumph at the Nov 2019 presidential election. Those who managed the President’s diary almost succeeded in depriving Dr. Coomaraswamy an opportunity to pay a courtesy call on the President before his retirement. Dr. Coomaraswamy’s six-year term was shared by Prof. Lakshman, Cabraal and Dr. Weerasinghe. Now that Dr. Weerasinghe has received a fresh six-year term, the government is not in a position to remove him, unless he left voluntarily.

At last a Governor of the CBSL has dared to take a principled stand vis-a-vis political interference. An utterly corrupt and reckless and irresponsible lot had been told in no uncertain terms that a bankrupt country couldn’t continue the way, those who represented the legislature wanted to exploit the electorate at the expense of the national economy.

The culpability of Cabraal, who represented Finance Minister Mahinda Rajapaksa cannot be disregarded. As the State Finance Minister for Money and Capital Markets and State Enterprise Reform (Aug 2020 to Sept 2021) Cabraal played a significant role in the overall financial management. Dr. Harsha de Silva has repeatedly raised Cabraal’s culpability as regards the current financial turmoil.

Reappraisal of perks and privileges

As the country struggles to come to terms with the growing difficulties, the government in consultation with all political parties represented in Parliament and trade unions representing key sectors should review the national economy. The need to reexamine and take tangible corrective measures cannot be delayed any further. Perks, privileges granted to all sectors, should be reviewed. If they are genuine, the issuance of much abused duty free vehicle permits can be examined as part of the overall measures to save foreign exchange. Thanks to anti-corruption campaigner, controversial Attorney-at-Law Nagananda Kodituwakku, the country got to know how our lawmakers brazenly abused the duty free permits. They had an absolutely wonderful scheme (wonderful to them and their associates) which allowed them to sell the ownership of the duty free vehicles imported by them to those not entitled to that facility the same day the vehicles were registered in their names.

Nagananda Kodituwakku has not been successful in his attempts to move Court against those lawmakers engaged in a lucrative trade/massive scam with the blessings of Parliament whoever won the general election. Only a few declined the offer to obtain a duty free permit for the sole purpose of financially benefiting at the expense of the national economy.

At the onset of the financial crisis in 2020, the Finance Ministry submitted a Cabinet paper to import duty free vehicles for all MPs. The move was later shelved amidst growing public resentment. Over the years, successive governments mercilessly exploited the country until the national economy deteriorated to such an extent, violent public protests erupted on March 31.

Incumbent CBSL Governor warned political parties represented in Parliament that public protests could erupt again if they repeated their habitual political strategies meant to win elections at any cost.

Dr. Weerasinghe quite cleverly used his speech to highlight how all political parties shamelessly undermined the national economy by promising relief in spite of the government whoever was in power lacking the financial strength to do so. The lawmakers were warned against undermining the economy by electioneering based on promises. There had never been such a fiery speech delivered by an outsider to members of Parliament since the shifting of Parliament, from Galle Face to Sri Jayewardenepura, 40 years ago. Members of Parliament, past and present would have been humiliated and ashamed of the way they managed the national economy, especially since 1977.

The Parliament released the link that gave access to Dr. Weerasinghe’s full speech. President Ranil Wickremesinghe, Prime Minister Dinesh Gunawardena, the Cabinet-of-Ministers, leaders of political parties represented in Parliament, the media and the civil society should pay attention to the Governor’s talk. The Executive, the Legislature and the Judiciary should heed the concerns raised by the Governor. There had never been such a straightforward criticism of an utterly corrupt system that thrived at the expense of the public.

Dr. Weerasinghe response to reckless, corrupt and irresponsible system can be examined against the backdrop of advice given by Dr. Coomaraswamy several years ago. In Nov 2018, Coomaraswamy advised the electorate as regards parliamentary elections. Dr. Coomaraswamy made the appeal before the Presidential Commission of Inquiry (PCol) on irregularities at SriLankan Airlines, SriLankan Catering and Mihin Lanka.

Dr. Coomaraswamy told the PCol almost prophetically that the country was facing a non-virtuous cycle of debt and it was a very fragile situation which could even lead to a debt crisis. “Of course my colleagues in the debt department have plans and capability to manage it. But it’s the duty of every citizen to act responsibly as regards the government policy”, he told the PCol. Dr. Coomaraswamy emphasized that people should elect MPs who were prudent enough to handle fiscal and monetary matters of the country. “I am not referring to any government, but it’s been the case ever since Independence”.

Obviously, the electorate didn’t heed Dr. Coomaraswamy’s call. Those who won the next general election in Aug 2020 simply allowed things to slip out of control. They couldn’t have done so without the support of those who managed the economy. Two of Dr. Coomaraswamy’s successors, Prof. Lakshman and Cabraal are under fire for their role in the current crisis. The Court has been moved against Cabraal.

Dr. Coomaraswamy is on record as having said that the failure on the part of successive governments to manage expenditure since the country gained Independence has caused the current economic instability.

Months later, in response to The Island query, Dr. Coomaraswamy declared Sri Lanka had been plagued by a toxic combination of populist politics and an entrenched entitlement culture among the people.

“Time and again, the electoral calendar has undermined fiscal discipline,” Dr. Coomaraswamy asserted.

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Midweek Review

Opp. caught up in CIABOC offensive

Published

2 days ago

2026/06/24

Sahan Weerasooriya

Mahinda Rajapaksa leaving CIABOC on 12 June, 2026

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) on 12 June questioned former President Mahinda Rajapaksa regarding the USD 2 Mn bribe allegation directed at the late SriLankan CEO Kapila Chandrasena, whose body was found on 8 May in a close relative’s home in Kollupitiya. Chandrasena’s alleged suicide sent shock waves through political circles and interested parties questioned the circumstances leading to him being granted bail on 6 May on cash bail of Rs. 500,000 with three sureties of Rs. 10 million each. The Colombo Magistrate court also imposed a travel ban. The issue at hand is as to how Mohamed Riswan and Mohamed Irshan stood as sureties for Chandrasekera. Of all the investigations undertaken by the CIABOC, the USD 2 Mn bribe case is the most politically charged probe.

Of the Rajapaksas, former State Minister Shasheendra Rajapaksa is so far the last to be indicted. CIABOC on 19 June filed indictments before the Colombo High Court against him and two others Sepalika Saman Kumari and Keerthi Bandara Kotagama. According to the charges, the accused are alleged to have committed the offence of corruption and aided and abetted the commission of the offence by using official influence to pressure certain government officials, attached to the Office for Reparations, to obtain compensation amounting to Rs. 8.85 million for a property built on a state land by Shasheendra and destroyed by marauding Aragalaya mobs.

By Shamindra Ferdinando

The ruling National People’s Power (NPP) government last week emphasised, in no uncertain terms, that it wouldn’t tolerate the growing Opposition challenge.

Amidst the growing controversy over the continuing detention of retired Maj. Gen. Suresh Sallay. in terms of the draconian Prevention of Terrorism Act (PTA), under humiliating conditions, in connection with the ongoing investigations into the 2019 Easter Sunday carnage, police arrested Sugeeshwara Bandara, leader of the New People’s Front (NPF). The Central Crime Investigation Bureau (CCIB) apprehended him on 18 June and the Fort Magistrate’s Court remended him till 1 July..

The CCIB also apprehended Binoy Hettiarachchi who was accompanying Bandara. Hettiarachchi served as a media coordinator at the former President Ranil Wickremesinghe’s Flower Road Office. Police intercepted their vehicle at Kollupitiya where the arrests were made like in an action-packed movie. Hettiarachchi was freed four hours later.

But, it would be better to identify Bandara as the former private secretary to President Gotabaya Rajapaksa as well as the Director General of Special Projects at the Presidential Secretariat in the wake of Ranil Wickremesinghe taking over the presidency.

Accused of receiving two salaries simultaneously, under the President’s Expenditure Head, Bandara who managed the media for Gotabaya Rajapaksa, in the run-up to the 2019 presidential election, is under investigation for abuse of government vehicles and employing government workers for political work.

Having launched his political career as the Colombo District organiser of the alliance New People’s Front, a breakaway faction of the UPFA, in February, 2024, Bandara contested the November, 2024, parliamentary polls on the New Democratic Front (NDF) ticket. But, of late, Bandara, as the leader of NPF, became one of the most active opposition activists, aligned with the political grouping, dubbed People’s United Opposition, operating from Ranil Wickremesinghe’s Flower Road Office.

Bandara drew the wrath of the government when he launched a noisy protest outside Finance Secretary Dr. Harshana Suriyapperuma’s residence at Akuregoda, Pelawatta, on 26 April, where he and his protesting supporters were given a shower of excreta. The group, led by Bandara, demanded the Finance Secretary’s resignation over the theft of USD 2.5 mn from the Treasury. No less a person than President Anura Kumara Dissanayake reacted angrily to Bandara’s actions.

Acknowledging the right for legitimate protests, the President warned against protests directed at residences of officials. On 18 April, Bandara led a protest outside Agriculture Minister K.D. Lal Kantha’s recently built luxury residence at Weliwita, Kaduwela, where he questioned how the JVPer managed to build such a home as he was on record as having repeatedly said that he lived a difficult life.

The police apprehended Bandara as he was returning from a meeting between senior representatives of the People’s United Opposition and the IMF Colombo at the Tiki Bar, Shangri-La. In spite of negligible parliamentary presence, with those elected on the NDF ticket at the last parliamentary election not really speaking in one voice, the Flower Road project has become a headache for the government.

In fact, the Flower Road operation has been causing continuous harassment to the NPP, while the Samagi Jana Balawegaya (SJB) struggled to play its anticipated role as the main Opposition. Instead of conducting a cohesive campaign against the cocky NPP government, members of the SJB seem to be pulling in different directions at the expense of the common opposition front.

Regardless of the Wickremesinghe-led grouping vowing to press ahead with its campaign, the arrest of Bandara is obviously meant to have a detrimental impact on the activities of the Opposition.

It would be pertinent to mention that Bandara had been among those who stayed with President Gotabaya Rajapaksa at the President’s House, in Colombo, as a massive protest erupted on 9 July, 2022. Bandara was among the last to flee the President’s House as the military withdrew, amidst mounting pressure on their positions.

The police arrested Bandara as former President Gotabaya Rajapaksa moved the Court of Appeal in terms of Article 140 of the Constitution to prevent him being arrested under the PTA. The wartime Defence Secretary sought the court intervention in the wake of police probing the 2019 Easter Sunday carnage and obtaining a travel ban against him.

The court heard Romesh de Silva PC’s submissions on behalf of the ex-President on 18 June. The court deferred the hearing to 24 June. The crux of the matter is that the ex-President fears that the CID is about to arrest him on the basis of a statement made by fugitive Azad Moulana, in Paris, linking Sallay directly with the Easter Sunday carnage.

NPP intensifies pressure

The NPP seems confident of its current course of action meant to pin down the Opposition. In spite of unbridled corruption being the major issue on the post-war election platform, no political party succeeded in going flat-out against the political opposition.

However, the NPP allowed the judicial process to continue. The first major sentencing was announced on 2 April, 2025, just six months after the parliamentary polls, handsomely won by the NPP. The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) moved the Colombo High Court successfully against the former Chief Minister of the North Central Province S.M. Ranjith Samarakoon.

Colombo High Court No. 01 Judge Adithya Patabendige sentenced him in terms of Section 70 of the Bribery Act. The HC declared the former CM perpetrated malpractices by ordering fuel to his personal secretary’s vehicle. The personal secretary happened to be Shanthi Chandrasena, wife of his brother S.M. Chandrasena, a former Cabinet Minister and one of the most powerful Ministers to represent the North Central province.

The ex- Chief Minister and the second accused, his personal secretary, were convicted guilty of two charges. Both were sentenced to 16 years rigorous imprisonment and were also ordered to pay a fine of Rs. 200,000/- with an additional two-year prison term in case of default.

Deputy Director General Asitha Anthoney appeared on behalf of the Commission to Investigate Allegations of Bribery or Corruption.

There had never been any really coordinated CIABOC campaign against corruption. No political party, or a particular family, felt threatened by CIABOC. Both those in and outside Parliament acted with impunity. They feared no one. There was no need to be because the powerful and the influential operated above the law.

Just a couple of weeks after sentencing of S.M. Ranjith Samarakoon and Shanthini Chandrasena, the CIABOC arrested the latter’s husband, one-time Deputy Economic Development Minister and Special Projects Minister, S.M. Chandrasena. The CIABOC took him into custody on 4 July, 2025.

The CIABOC accused the former Minister of causing loss to the government by distributing seed corn, imported at a cost of Rs 25 mn, in 2024, among the farmer community in the Anuradhapura district, at a subsidised price. The distribution had taken place ahead of the 2015 presidential election contested by Mahinda Rajapaksa and estranged former SLFP General Secretary Maithripala Sirisena. The CIABOC alleged that Chandrasena exerted undue influence on the Director (Planning) and other officers of the District Secretariat and distributed seeds through his political allies to gain an advantage in the 2015 presidential election and incurred a loss to the government.

Chandrasena was granted bail on 1 August, 2025. He was indicted on 12 June before the Colombo High Court.

Before further discussing the ongoing anti-corruption campaign, let me introduce the top leadership of CIABOC. The Commission consists of Justice W.M.N.P. Iddawela (Chairman), K.B. Rajapakse and Chethiya Goonesekera P.C, with High Court judge R.S.A. Dissanayake as its Director General.

The sentencing of the S. M. Ranjith Samarakoon didn’t really bother his side. The arrest of his brother S.M. Chandrasena, too, didn’t really upset those facing charges. But, sentencing of former Minister Mahindananda Aluthgamage and former Sathosa Chairman and former Trade Minister Nalin Fernando on 29 May, 2025, sent shock waves through the Opposition.

The Colombo High Court Trial-at-Bar sentenced Aluthgamage and Fernando for committing the offence of corruption by purchasing 14,000 carrom boards and 11,000 checkers boards through Sathosa, allegedly to distribute to schools and sports clubs selected by the Sports Ministry, and distributing them to party offices of the government, during the 2015 presidential election campaign thereby, causing a loss of over 53 million rupees to the government, stunned the Opposition.

Aluthgamage was sentenced to 20 years of rigorous imprisonment, Fernando received a sentence of 25 years of rigorous imprisonment. Additionally, a fine of Rs. 100,000 (hundred thousand) was imposed for each count.

The CIABOC’s Assistant Director General Mrs. Anuththara Jayasinghe and Assistant Director General Mrs. Thushari Dayaratne conducted the prosecution.

During the Yahapalana government Aluthgamage spearheaded a high profile anti-corruption campaign, dubbed ‘Yahapalana Top 10 kamba horu’. The then Joint Opposition (JO) group, led in Parliament by Dinesh Gunawardena, published a 750-page book, targeting the Yahapalana ministers. Mahindananda, who spearheaded that campaign, is now serving a long sentence.

The JO group consists of UPFA lawmakers who declined to throw their weight behind the then President Sirisena aligned with the UNP.

Let me mention the names of those against whom the accusations were made by the JO.

Yahapalana corruption

The JO dealt with 10 major cases. (1) The Treasury bond scams perpetrated in 2015 and 2016. Accusations were directed at Ranil Wickremesinghe, Ravi Karunanayake and Governor Central Bank Arjuna Mahendran. The losses were estimated at Rs 26 bn. (2) causing losses amounting to Rs 10 bn through the fraudulent import of vehicles. Ravi Karunanayake was named the chief culprit (3) Misappropriation of Mahapola funds to the tune of Rs. 1 bn. Allegations were directed at Malik Samarawickrema (4) Stealing from an insurance scheme implemented for the benefit of those going for employment in West Asia. The JO accused Thalatha Atukarale of misappropriating funds amounting Rs 1.5 bn (5) Receiving Rs 1.5 bn through the leasing of Hambantota port to China on a 99-year lease. Ranil Wickremesinghe, Malik Samarawickrema and R. Paskaralingam were named the offenders (6) Kabir Hashim was accused of causing a loss of Rs 54 bn by cancelling aircraft ordered from Airbus Industries for the national carrier (7) fraudulent activities pertaining to the release of paddy stocks held by the government. The JO estimated the losses caused to the government at Rs 10 bn. (8) Scam in vehicle parts. Ravil Karunanayake was accused of causing losses amounting to Rs. 6.5 bn, (9 A) Dr. Rajitha Senaratne was accused of leasing of the Modera fisheries harbor and procurement of eight vessels to catch fish, fraudulently, and thereby causing losses up to Rs 1 bn, (9B) The JO also found fault with Dr. Senaratne for perpetrating Rs 1.5 bn fraud in the procurement of medicine and lastly (10) Ranil Wickremesinghe, Malik Samarawickrema, R. Paskaralingam and Charitha Ratwatte were blamed for a massive fraud in the procurement of coal for the Norochcholai coal-fired power plant. That particular fraud was estimated at Rs 5 bn.

Although the JO transformed itself to Sri Lanka Podujana Peramuna (SLPP) later, to successfully contested the 2019 presidential election, none of the above-mentioned cases were investigated. As far as we know, none of those cases had been dealt with during the SLPP rule, from November, 2019, to July, 2022. Faced with an externally backed regime change operation, the SLPP invited Wickremesinghe, who had been named by them in three major corruption cases, to accept the premiership in May, 2022, and presidency in July same year.

So far, there is no indication whether the mentioned JO allegations had received the attention of the CIABOC or the Attorney General of the government. As far as we know of all the politicians and officials, Wickremesinghe is the only one facing imminent threat due to the ongoing case pertaining to him visiting the UK in September, 2023, to join his wife Prof. Maithree at the University of Wolverhampton at her graduation ceremony.

Wickremesinghe has been accused of squandering nearly 17 mn rupees at a time the country was in deep economic turmoil. The Fort Magistrate’s court is scheduled to take up the case on 8 July.

SLPP parliamentary group leader Namal Rajapaksa is also facing a major legal challenge. The former Minister has been indicted on charges of criminal misappropriation of Rs. 70 mn in connection with the controversial Krrish project. The indictments have been forwarded to the Colombo High Court by the Attorney General, alleging that Namal Rajapaksa misappropriated funds by receiving Rs. 70 million from the Indian real estate company for the development of rugby in Sri Lanka.

Yoshitha Rajapaksa, too, has been dealt with by the CIABOC. The Rajapaksas have been accused of lowering qualifications required to join the executive branch of the Navy and then sending him to the Royal Naval Academy in the United Kingdom at taxpayers’ expense. Produced before the Colombo Additional Magistrate, Yoshitha was released on three personal bail bonds of Rs. 5 million each.

Producing Yoshitha before court on 17 June, Deputy Director General of the Bribery Commission, Ruvini Wickramasinghe declared: “”Your Honour, the complaint regarding this incident was received on June 25, 2016. Accordingly, the Commission initiated investigations. The complaint states that the suspect had participated in naval training programmes held in England and Ukraine by misusing government funds, while depriving qualified applicants of such opportunities. At that time, this individual, who is a civilian in the dock today, was also a civilian in 2006 when he was deemed eligible for the Royal Navy Young Officer training at the Royal Naval Academy in the United Kingdom. The opportunities to receive this training are extremely limited. Your Honour, selection to this prestigious course is usually based on being the most outstanding cadet officer during a two-year training period or based on performance during training. However, this suspect, although a civilian in 2006, was proposed and included in the list and was sent for the course in haste.”

The Deputy Director General also stated that Yoshitha Rajapaksa had undergone medical examinations required for overseas training even before being officially recruited into the Navy.

The court was also told that though Sri Lanka previously received scholarships from the UK the Rajapaksa government funded Yoshitha to the tune of Rs 6.2 mn.

Opp. attacks CIABOC

The Opposition has repeatedly attacked the CIABOC with its Director General Ranga Dissanayake being the primary target. Accusing Dissanayake of being a JVPer, the Opposition has repeatedly questioned the conduct of the High Court judge demanding that the CIABOC inquired into the top official’s conduct, especially with regard to the alleged suicide of former Sri Lankan CEO Kapila Chandrasena who had been under investigation pertaining to the receiving of USD 2 mn bribe to facilitate procurement aircraft from Airbus Industrie during Mahinda Rajapaksa’s second term.

Former Foreign Minister Prof. G. L. Peiris, a regular speaker at Flower Road media briefings, alleged that the CIABOC was a political tool in the NPP’s hands.

A section of the Opposition to question the circumstances one-time JVP heavyweight Nandana Gunatilleke died in January this year at the Ragama Teaching Hospital after accusing Dissanayake of pursuing an agenda beneficial to the JVP, a charge denied by the High Court judge. When the writer raised the allegations with Dissanayake, he emphatically denied any wrongdoing on his part https://island.lk/ciaboc-dg-denies-jvp-link/.

The CIABOC has simply ignored accusations directed at its DG who proved through his actions that he really meant high profile public pronouncements against corruption.

Former Deputy Minister and ex-MP Sarana Gunawardena was sentenced to a total of 16 years rigorous imprisonment by the Colombo High Court on June 8, 2026.

During the Yahapalana administration many cases, filed by the CIABOC as well as the Attorney General, were either dismissed or dropped due to lapses on their part. The accused in such cases were ex-MP Sajin Vass Gunawardena, ex-EP Chief Minister Sivanesathurei Chandrakanthan alias Pilleyan, ex-Ministers Johnston Fernando, Rohitha Abeygunawardena, Basil Rajapaksha, Mahindananda Aluthgamage and Janaka Bandara Tennakoon and former AG and CJ Mohan Peiris.

Regardless of Opposition protests, the public appreciate tangible action against corruption. However, the NPP has not been free from serious allegations against it since the last general elections. The release of suspicious 323 containers, plus two containers filled with ice, in January, 2025, followed by the massive coal scam perpetrated in September 2025, loss of over USD 2.5 mn from the Treasury and controversial Aswesuma payments, as well as wealth, accumulated by NPP Ministers as revealed by declarations made to CIABOC, shocked the electorate.

The NPP has failed to counter allegations. The circumstances under which Energy Minister Kumara Jayakody resigned, along with Energy Secretary Udayanga Hemapala, on 17 April, just a week after the NPP defeated the no-confidence motion moved by the Opposition against the Energy Minister. dealt a devastating blow to the NPP’s much touted integrity. The NPP couldn’t explain as to why a person under investigation by the CIABOC for an alleged fraud perpetrated during the Yahapalana government was accommodated in President Dissanayake’s first Cabinet. Indicted before the Colombo High Court, Jayakody’s case commenced last week.

Asset declarations of some NPP Ministers have shocked the country. The SJB has called for CIABOC to investigate them without delay and prove that CIABOC was not only going after the Opposition. Ministers Lal Kantha and Wasantha Samarasinghe are two of the top JVPers who have attracted attention as the Opposition hits back at the government.

SJB MP Mujibur Rahuman said that the JVP/NPP owed an explanation as to how their members amassed so much wealth since 2024 as they repeatedly claimed their inability to meet even their basic needs. But, their asset declarations exposed their blatant lies.

Midweek Review

Geopolitics of the Indian Ocean

Published

2 days ago

2026/06/24

Sahan Weerasooriya

Listening to the Winds, Reading the Waves:

Prof. Gamini Keerawella’s latest publication, Winds and Waves: Geopolitical Currents in the Indian Ocean since 1945 will be launched on 5 August at the Auditorium of the Bandaranaike Centre for International Studies (BCIS). The keynote address will be delivered by Prof. T. V. Paul, James, McGill Professor of Political Science at McGill University, Canada and the former President of the International Studies Association (ISA).

Prof. Keerawella, Professor Emeritus of History at the University of Peradeniya, has dedicated hisbook to the memory of Dr. Newton Gunasinghe, the eminent sociologist and Marxist theoretician who encouraged him to venture beyond disciplinary frontiers. In many respects, this work represents a successful realization of that intellectual endeavour. In her testimonial to back cover of the book, Dr. Radhika Coomaraswamy observes that “Gamini Keerawella offers a nuanced and layered account of the Indian Ocean region’s strategic evolution from the era of decolonization to the contemporary phase of intensifying great-power rivalry. Its distinctive analytical perspective makes it an important contribution to the study of international relations, maritime geopolitics, and regional strategic dynamics.” This assessment accurately captures the significance of the work, and I fully endorse her judgement.

This volume constitutes the final publication of a trilogy that explores the evolving dynamics of international relations from a distinctly Sri Lankan perspective. The first study examined the trajectory of Sri Lanka’s defence and foreign policy, while the second revisited the origins, evolution, and principal constituent elements of international relations as an academic discipline from a Global South perspective. The present work broadens the analytical canvas by tracing the shifting geopolitical contours of the Indian Ocean since 1945 and examining the evolving interplay between great-power competition and regional agency.

Indian Ocean not merely maritime transit space

At the heart of Prof. Keerawella’s analysis is the argument that the Indian Ocean is not merely a maritime space of transit but a living archive whose language is inscribed in tides, trade, and collective memory. To uncover the deeper structures that have shaped the region, he draws on Michel Foucault’s concept of the archaeology of knowledge, probing beneath the visible layers of historical experience to reveal successive strata of thought, exchange, and power. This approach enables him to trace the multiple origins of the Indian Ocean’s geopolitical significance through the sedimented traces of how the ocean has been known, governed, and imagined across time. Complementing this perspective is Fernand Braudel’s concept of the longue durée, which provides the framework for understanding the long-term evolution of Indian Ocean geopolitics. As Keerawella notes, for Braudel, history unfolds not as a single linear sequence but as a layered field of continuity and change, revealing the deeper architecture of the past—the slow yet powerful currents that shape political and economic developments beneath the surface of events (Keerawella 2026: xxiii).Prof. Keerawella further notes that later historians such as K. N. Chaudhuri and M. N. Pearson drew on Braudel’s insights and adapted them to understand the Indian Ocean as a polycentric world.

Prof. Keerawella argues that the terms employed in the title of this work—Winds, Waves, and Currents—evoke the ocean’s dual language of surface movement and underlying structure. In his reading, winds and waves signify motion: the visible and often turbulent forces that carry ships, peoples, commodities, and ideas across shifting maritime frontiers. Currents, by contrast, refer to the deeper and less visible forces that shape historical trajectories and connect coasts and continents through enduring patterns of interaction. As he observes, while winds and waves represent the restless dynamics of the ocean’s surface, currents embody the slower yet more consequential energies that operate beneath it, binding disparate regions into a larger maritime system (2026: xx).

Metaphors and Conceptual Foundation

Building on this conceptual foundation, the author employs winds, waves, and currents not merely as metaphors but also as analytical categories. Winds represent changing strategic directions and geopolitical realignments; waves denote recurring cycles of commerce, conflict, and interaction; and currents symbolize the deep structural forces that connect societies across space and time. Viewed from a distinctly Sri Lankan perspective, the volume demonstrates how a strategically located small state at the centre of the Indian Ocean perceives and navigates this maritime space through its own strategic lens. The book opens by situating Sri Lanka within the intersecting forces of history, geography, and power that have shaped the Indian Ocean world. It advances the notion of a dual strategic consciousness that has informed Sri Lanka’s external engagements: a persistent sense of vulnerability, rooted in colonial experience and geographical exposure, coexisting with a cosmopolitan outlook forged through centuries of maritime exchange. Prof. Keerawella contends that this dual consciousness constitutes the underlying framework through which Sri Lanka has historically interpreted and responded to developments in its external environment.

Winds and Waves is a comprehensive study comprising eleven chapters and an extensive introduction that establishes the analytical foundations of the work by treating the ocean simultaneously as text and method. The opening chapter situates Sri Lanka within the wider Indian Ocean system, tracing the island’s navigation through shifting configurations of power while emphasising the agency of small states. The Indian Ocean is presented not merely as a strategic arena but also as a moral and political space, linking Sri Lanka’s historical experience to the broader aspirations and consciousness of the Global South.

Revisiting British withdrawal

The book revisits Britain’s withdrawal from the Indian Ocean, arguing that it was not simply a consequence of post-war decline but the culmination of deeper structural transformations in the international system. Decolonisation, Afro-Asian nationalism, and the emergence of bipolarity fundamentally altered the regional order and created the conditions for Britain’s retreat. In turn, this withdrawal opened the way for superpower competition, particularly between the United States and the Soviet Union, transforming the Indian Ocean into major theatre of Cold War geopolitics.

A substantial portion of the volume is devoted to examining the policies and strategic trajectories of the major powers. The author traces American engagement from Cold War containment through post-Cold War maritime predominance to contemporary Indo-Pacific formulations, demonstrating that U.S. strategy has evolved through the interaction of structural imperatives and changing strategic discourses. Particular attention is paid to the 2026 U.S.–Iran War, which is interpreted as a transformative event that exposed the limits of military hegemony and accelerated patterns of strategic hedging and multi-alignment among regional actors. The book also explores the Soviet Union’s entry into the Indian Ocean in 1968 and the subsequent re-emergence of Russia under Vladimir Putin through selective naval deployments, arms transfers, and strategic partnerships, illustrating what the author characterises as the recurrent rhythms of great-power engagement in the region.

The rise of China receives extensive treatment as one of the most significant structural developments of the twenty-first century. Through the Belt and Road Initiative, port development projects, and naval modernisation, China has translated growing economic power into expanding strategic influence. The author contrasts Beijing’s assertive posture in the South China Sea with its relatively restrained approach in the Indian Ocean, where economic diplomacy and cooperative security initiatives have assumed greater prominence. Equally significant is the discussion of India’s transformation from a regional power into an emerging global strategic actor. The evolution of Indian maritime strategy—from Nehruvian custodianship to contemporary blue-water ambitions—demonstrates how a rising power navigates structural constraints while expanding its strategic reach. Initiatives such as SAGAR, naval modernization, and deepening partnerships with the United States, Japan, and Australia have positioned India as a central actor in the evolving Indo-Pacific order.

Roles of Japan and EU examined

The volume also examines the roles of Japan and the European Union in shaping the contemporary maritime order. Japan’s transition from post-war restraint to proactive strategic engagement, embodied in the Free and Open Indo-Pacific (FOIP) vision, illustrates how middle powers adapt to changing geopolitical realities through coalition-building and maritime capacity enhancement. The European Union’s engagement is portrayed through less visible but nevertheless significant mechanisms, including trade, development cooperation, maritime governance, and norm diffusion, contributing to what the author terms a form of “quiet-making multipolarity” that encourages restraint, stability, and pragmatic cooperation.

Moving beyond conventional geopolitics, the book broadens the analytical framework to address a range of non-traditional security challenges confronting South Asia in general and Sri Lanka in particular. Climate change, piracy, illegal fishing, maritime terrorism, public health vulnerabilities, and digital insecurity are examined as transnational challenges that transcend the capabilities of individual states. The author argues that these issues reveal the limits of unilateral action and underscore the growing importance of cooperation, collective action, institutional innovation, and middle-power leadership in maritime governance.

Prof. Keerawella further situates the Indian Ocean within the wider context of the emerging Asian Century. Asia’s resurgence—driven principally by China and India and reinforced by the dynamism of Southeast Asia—is presented as a major reconfiguration of global power. In this transformation, the Indian Ocean functions as a vital maritime artery connecting energy resources, manufacturing centres, and consumer markets. At the same time, the author cautions against deterministic interpretations, emphasising that the realisation of the Asian Century remains contingent upon how the region responds to persistent inequalities, environmental challenges, governance deficits, and intensifying strategic competition.

Assessing how SL has navigated shifts

The book concludes by returning to Sri Lanka and assessing how the country has navigated contemporary shifts in the regional and global balance of power under the National People’s Power (NPP) government that emerged in the aftermath of the Aragalaya of 2022. The author demonstrates how economic crisis, demands for accountability, and aspirations for a new political culture have reshaped the domestic context within which foreign policy is conducted. Under President Anura Kumara Dissanayake, Sri Lanka is portrayed as pursuing a carefully calibrated strategy that combines engagement with international financial institutions, enhanced cooperation with India in defence and energy sectors, continued economic engagement with China, and functional security relations with the United States. The government’s response to the 2026 U.S.–Iran War—rejecting military access requests from all parties while extending humanitarian assistance—serves as an illustration of the author’s broader argument that strategic flexibility, principled neutrality, and diplomatic agility remain essential for small states navigating an increasingly complex Indian Ocean order.

Taken together, the book advances several interconnected propositions. First, the Indian Ocean is entering an increasingly multipolar era in which power is exercised through complex networks of cooperation, competition, and interdependence rather than rigid alliance structures. Second, small states are neither passive spectators nor mere proxies of great powers; they possess strategic agency and navigate competing pressures through hedging, diversification, and calibrated diplomacy. Third, Sri Lanka’s strategic behaviour—characterised by navigating asymmetry through flexibility and ambiguity—reflects a historically rooted dual consciousness that combines vulnerability with cosmopolitan engagement. Fourth, non-traditional security challenges and environmental governance are no longer peripheral concerns but central components of the evolving regional order.

Need for adaptive navigation

Prof. Keerawella argues that contemporary statecraft in the Indian Ocean requires adaptive navigation rather than rigid alignment. In a fluid and contested maritime environment, survival and influence depend less on resisting structural change than on understanding and responding to it with prudence, flexibility, and strategic clarity. The book therefore offers important insights into how small states can transform structural vulnerability into strategic agency and convert exposure into opportunities for engagement within a changing regional order.

Combining historical depth with contemporary analysis, it provides a nuanced understanding of the interaction between great-power competition, regional transformation, and the strategic choices of smaller states. The book will be of considerable value to students and scholars of international relations, political science, strategic studies, and maritime affairs, while also offering useful perspectives to policymakers, diplomats, and practitioners. Equally important, it opens several promising avenues for future research on the Indian Ocean and the emerging Indo-Pacific order.

Hermeneutic approachs

Methodologically, the study draws upon hermeneutic approaches to examine the geopolitical and maritime environments that shape relationships among states, societies, and historical processes. The result is a work that is both analytically rigorous and intellectually engaging. This review has sought less to evaluate the book in a conventional sense than to introduce its central themes and encourage a wider readership to engage with its arguments. Having highlighted the many merits of the volume, it is worth noting one technical shortcoming: the absence of an index. Given the book’s wide thematic scope and rich empirical content, the inclusion of an index would have significantly enhanced its value as a reference tool for researchers and students alike.

In sum, Prof. Keerawella listens attentively to the winds, reads the waves with analytical precision, and traces the deeper currents that shape the Indian Ocean world. The outcome is Winds and Waves: Geopolitical Currents in the Indian Ocean since 1945, a timely and thought-provoking contribution published by the Bandaranaike Centre for International Studies.

Reviewed by
Dr. Ramesh Ramasamy
Department of Political Science, University
of Peradeniya