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‘There is no better friend one could ever have than Krishantha Cooray’

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It is my privilege to send my fondest wishes to Krishantha Prasad Cooray on this occasion of celebrating his birthday.

To those who are unfamiliar with the background of one of my oldest and dearest friends, Krishantha is the kind of business leader and political visionary that even a very fortunate country will only see once in a generation.

Through the many years I have known him, I have found Krishantha to be, to borrow the words of 19th century journalist Carl Schurz, “one of those spirits who sometimes will go ahead of public opinion instead of tamely following in its footprints.”

“Throughout his career, Krishantha has built new businesses from the ground, and has taken existing great companies to new heights of prosperity and stability.”

As an independent non-executive director of DFCC, Krishantha applied his unique expertise in mass communications to the banking sector.

As Chairman of the Colombo Hilton, he kept Sri Lanka’s oldest five-star hotel profitable against the odds even through renovations and the collapse of tourism following the dreadful attacks of April 21st, 2019.

He was the founding CEO of The Nation and Rivira newspapers, both of which quickly grew a strong base of dedicated readers in Sri Lanka and around the world, both in print and on the internet. As Chairman of Lake House, he started the Resa newspaper, which saw similar success.

Conscious of the precarious state of the Print media industry, Krishantha helped Lake House to leverage its real estate assets into profitable lease agreements, keeping the company financially sound for years to come.

It is a sad truth that working in journalism in Sri Lanka is not without danger.

“Whenever Krishantha’s colleagues have been in peril, he has never hesitated to put his own life in harm’s way to ensure their safety, from the 2008 abduction of Keith Noyahr to the 2009 assault on Upali Tennakoon.”

As many past Presidents, Prime Ministers, senior civil servants and other officials can attest, there has been no crisis faced by our democracy in the past decade that Krishantha was not instrumental in resolving, with his unique combination of ingenuity, passion, associations and sheer force of determination.

At different times, both Krishantha and I have found our lives imperiled by standing up for what we believed in.

It was my privilege to stand by him whenever he was in danger, just as he has done for me in my darkest hours. When I was overcome by dread, by the cruelty of a pain and loss that is beyond comprehension, Krishantha dropped everything and flew across oceans to be by my side.

As I learned in my darkest hour, there is no better friend one could ever have than Krishantha Cooray.

Karu Jayasuriya Former Speaker

 



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PSTA worse than PTA: FSP

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The Frontline Socialist Party (FSP) yesterday accused the government of seeking to use the proposed Protection of the State from Terrorism Act (PSTA) to suppress popular political activity, claiming that some of its provisions were more repressive than those of the Prevention of Terrorism Act (PTA).

FSP Education Secretary Pubudu Jayagoda told a media briefing, in Nugegoda, that the definition of terrorism in the Bill was so broad that it could be used to label almost any form of popular political activity as terrorism.

He said the Bill’s approach to defining terrorism was based largely on attempts to compel a government, or an international organisation, to do, or refrain from doing something, rather than on internationally recognised criteria, such as killings, causing serious bodily harm, kidnapping or acts intended to spread terror among the public.

Jayagoda also alleged that the Bill transferred substantial powers from the judiciary to the executive, while extending powers of arrest, investigation and detention to the armed forces, in addition to the police.

He claimed that the government had sought to portray the Bill as a replacement for the PTA while retaining or introducing provisions that could facilitate political victimisation and repression.

The FSP also questioned the government’s decision to proceed with the Bill, despite having previously sought public views on an earlier draft.

Jayagoda said a draft had been published earlier this year, with the period for public submissions ending on February 28, but the Bill subsequently gazetted was essentially the same draft with some provisions rearranged.

Jayagoda also referred to a letter reportedly sent by Attorney-at-Law Saliya Peiris, a member of a Committee, chaired by President’s Counsel Rienzie Arsecularatne, that had been appointed to draft the legislation. He said Peiris had stated, in the October 06 letter, that changes had been made to the draft prepared by the Committee.

“This means that even the Committee, appointed to prepare the Bill, was a deception,” Jayagoda alleged.

He said that the PSTA was fundamentally similar to the Anti-Terrorism Bill introduced by the previous government, in 2023, which the National People’s Power (NPP) opposed and challenged in court.

“If the NPP opposed that Bill then and is now bringing the same legislation before Parliament, the government must explain its position,” he said.

Jayagoda called on NPP MPs to oppose the PSTA in Parliament and urged trade unions and other groups to build a broad public movement against the legislation.

He challenged the government to an open debate on the Bill.

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Shiranthi R remanded until 13 Oct.

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Former First Lady Shiranthi Rajapaksa was yesterday remanded until 13 October after being produced before the Colombo Magistrate’s Court following her arrest by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

Shiranthi, wife of former President Mahinda Rajapaksa, was arrested at her residence on Poorwarama Road, Kirulapone, after CIABOC officers recorded a statement from her for nearly two hours.

According to the CIABOC, the arrest was made over allegations that Rs. 10 million obtained from the National Savings Bank through the Siriliya Saviya organisation was misappropriated.

The money was allegedly obtained to provide a Computed Tomography (CT) scanner to the children’s hospital. Investigators allege that the scanner was not provided and that the funds were instead unlawfully used.

CIABOC is investigating alleged offences under the Public Property Act and corruption-related provisions in connection with the transaction and other financial activities involving Siriliya Saviya, which was headed by Rajapaksa.

Rajapaksa returned to Sri Lanka on Monday night on a flight from Malaysia after travelling overseas for medical treatment. She left for Singapore on 16 September after being admitted to a private hospital in Colombo on 15 September following an illness.

She had been due to appear before the Financial Crimes Investigation Division (FCID) on 13 October in connection with its investigation into the financial affairs of Siriliya Saviya.

Meanwhile, her lawyers filed an anticipatory bail application before the Maligakanda Magistrate’s Court on Monday, seeking an order preventing her arrest in connection with the FCID investigation.

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Former NSB Chairman Kariyawasam granted bail

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Former National Savings Bank (NSB) Chairman Pradeep Kariyawasam was yesterday granted bail by the Colombo Magistrate’s Court following his arrest by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC).

Kariyawasam, husband of former Chief Justice Shirani Bandaranayake, was arrested in connection with the Bribery Commission’s investigation into the ‘Siriliya Saviya’ account linked to former First Lady Shiranthi Rajapaksa.

The investigation concerns financial activities involving the Siriliya Saviya initiative, which was headed by Rajapaksa, wife of former President Mahinda Rajapaksa.

CIABOC is continuing investigations into the alleged financial irregularities relating to the account.

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