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Thico scam draws Monetary Board’s attention, abuse of banking system under scrutiny

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One of the alleged masterminds had been on prez’s delegation to Libya in 2009

By Shamindra Ferdinando

Secretary to the Finance Ministry Mahinda Siriwardena yesterday (07) said that the ongoing investigation into the alleged Thico scam haD received the attention of the Central Bank and Monetary Board.

 Siriwardena, one of the five members of the Monetary Board said that the issues at hand would be appropriately dealt with. The Monetary Board consists of Central Bank Governor Dr. Nandalal Weerasinghe (Chairman of the Board), Dr. Ranee Jayamaha, Sanjiva Jayawardena, PC, and Nihal Fonseka.

The Finance Secretary said so when The Island raised the alleged abuse of the banking system by the Thico Group of Companies based at the World Trade Centre (WTC) over a period of time.

The official said that although periodic warnings were issued, some people continued to be deceived by high interest rates and other benefits.

Former Governor of the Western Province (January-June 2019) Azath Salley told The Island that he invested Rs 80 mn and one of his close associates Rs 226 mn in Thico Group of Companies run by Thilini Priyamali only on the assurance given by Janaki Siriwardena, Chief Executive Officer and Director of The One Transworks Square project meant to build 92 storeyed commercial and residential tower.

The One Transworks Square in late February 2019 announced the launch of phase II of the project (JW Marriott Hotel & Residences). The top management declared that the second phase would be completed in two and a half years.

Salley emphasised that he had absolutely no reason to have any doubts as regards the investments as the influential businesswoman was known to him since 2002. According to Sally, the leader of the National Unity Alliance (NUA) formerly led by Mrs. Ferial Ashraff, at the time they first met he served as the Deputy Mayor of the UNP-run Colombo Municipal Council (CMC).

Responding to another query, Salley said that when the Criminal Investigation Department (CID) had recorded his statement as regards the investment that had gone awry, he brought to the notice of the investigators the complicity of bank officials in the abuse of the banking system.

Specific reference was made to the female manager of a branch of a private bank located at the WTC as regards issuance of instructions by Thilini Priyamali to stop payments after having issued cheques to be cashed at that particular bank, Sally said. How that particular bank could allow her to irresponsibly issue cheques continuously in spite of not having sufficient funds in her account, Salley asked.

Salley emphasised that he wouldn’t have invested money nor encouraged his associate to commit as much as Rs 226 mn with Thilini Priyamali without Janaki Siriwardena’s guarantee.

So far, the Fort Magistrate has remanded five persons arrested in connection with the Thico scam till Nov 16 pending further investigations. The CID arrested Waduwaarage Thilini Priyamali on Oct 05. On Oct 17, the police arrested one of her associates, Dissanayake Mudiyanselage Isuru Shammika Bandara. Several days later, the police apprehended Wijesuriya Arachchige Kasun Harshana Perera, a director of Thico Construction Company, Ven. Borelle Sirisumana, who has reportedly declared as having attained arahathood and Janaki Siriwardena were taken in on Nov 01 and Nov 04, respectively.

A female officer, Chief Inspector Niroshani Hewapathirana, the officer in charge of the Financial Crimes Investigation Division of the CID, leads the investigation.

Appearing on ‘Truth with Chamuditha,’ Salley recently said that Janaki Siriwardena was so influential the slain Libyan leader Col Muammar Gaddafi had provided a special aircraft to fly her home. The Libyan leader intervened after she sought to return home claiming an emergency, the former Western Province Governor told the interviewer. According to Salley, Janaki Siriwardena had been part of the government delegation led by President Mahinda Rajapaksa.

President Rajapaksa visited Libya in April and August 2009. Rajapaksa is on record as having said that Sri Lanka’s economy could have collapsed before the war was brought to a successful conclusion in May 2009 if not for Muammar Gaddafi agreeing to lend 500 million USD to Sri Lanka in response to a single phone call from him.

 Salley said that he had first met Thilini Priyamali at Janaki Siriwardena’s office situated at the One Transworks Square project building on May 03, this year. Declaring that he hadn’t even heard of Thilini Priyamali prior to that, Salley said that the meeting took place on Ramazan Day. The NUA leader said that within a week he gave Rs 45 mn to Janaki Siriwardena and Thilini Priyamali. “Of that amount, Janaki Siriwardena collected Rs 5 mn from me at my home and subsequently Thilini Priyamali received Rs 19 mn and 21 mn on two days. On both days, she came with Isuru Banadara who drove a 7 series Benz.”

Later, Janaki Siriwardena accepted Rs 20 mn and 15 mn on two days at her office, Sally said, altogether he invested Rs 80 mn. “I haven’t received my money back,” Salley said, acknowledging his associate, too, was in a dilemma. Although Salley declined to name the associate or what business he was involved in, he didn’t deny when Chamuditha Samarawickrema repeatedly asked whether the unnamed investor was Abdul Shattar. Attorney-at-Law Maithri Gunaratne yesterday told The Island that he represented Abdul Shattar, who was one of the few persons to lodge complaints in this regard.

 Salley questioned the reportage of the Thico scam by two social media commentators in a way he alleged was meant to influence the ongoing investigations. Claiming the duo did so at the behest of Janaki Siriwardena, Salley said that some of those who were duped by the duo didn’t lodge complaints fearing repercussions. Salley said that one of the commentators referring to his military background warned the public of his shooting prowess, both in side arms and assault weapons. That was meant to scare those struggling to recover their money, Salley said, adding that The One Transworks project was now in serious trouble.

Disclosing that he got in touch with Janaki Siriwardena’s boss based in India, Salley said that the project was unlikely to be completed against the backdrop of growing controversy over this matter.

Commenting on the involvement of Ven. Borelle Sirisumana thera in the Thico ‘operation,’ Salley said that after a dispute over the failure on the part of the two women to settle money taken from him and his associate, the monk on at least six occasions assured the quick return of their money. But, so far not a single cent had been returned, Salley said, revealing that part of the money taken from them seemed to have been given to a Galle based Kattandiya, a former member of the Southern Provincial Council who is the custodian of a devalaya in Bataduwa.

Salley recalled a ceremony conducted by this particular kattandiya at One Transworks complex at the request of Janaki Siriwardena.

Salley dismissed accusations that he had an affair with Thilini Priyamali. Various Tamil social media platforms exploited unsubstantiated allegations and claims made by a particular social media activist with a military background. Those platforms would be dealt with appropriately through legal means, Salley said, warning he wouldn’t give up until he recovered the money stolen from him. Sally estimated the total amount misappropriated by Thilini Priyamali and Janaki Siriwardena at over Rs 4 bn. However, others speculated the total amount could be as much as Rs 10 bn.

An Attorney-at-Law familiar with the case told The Island that former minister who had served Chandrika Bandaranaike Kumaratunga’s cabinet is believed to have made quite a substantial investment with Thico. However, he hadn’t lodged a complaint with the police so far. Salley also claimed that he knew three other persons who lost money but they were scared to disclose their plight fearing retaliation by Janaki Siriwardena.



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If we are to live fulfilling and happy lives, we need unity, mutual understanding, harmony, as well as art – PM

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Prime Minister Dr. Harini Amarasuriya stated that art, together with unity, mutual understanding and harmony, is essential for people to lead fulfilling and happy lives. She further emphasized the importance of preserving our identity while remaining open-minded and prepared to face the challenges of a rapidly changing society.

The Prime Minister made these remarks while participating in the opening ceremony of a special educational and cultural trade exhibition and festival organized jointly by the Wayamba Janakala Foundation and the Siyapatha Kala Sangamaya, with the vision of revitalizing the artistic heritage of the Seven Korales and creating a culturally empowered individual who appreciates the arts. The event was held at the Wayamba Janakala Centre on  Saturday, 12 September 2026.

The exhibition will be held from 12 to 18 September, from 10.00 a.m. to midnight. The cultural festival has been organized for school students, teachers, youths, and adults.

At the commencement of the exhibition, the Prime Minister opened the exhibition stall of the Department of Education and officially launched the website of the Janakala Foundation.

Veteran artists representing the North Western Province who have made an outstanding contribution to the field of art, including Professor Mudiyanse Dissanayake, Nibiriyagama Bandara, Anton Coorey and Charitha Wickramasinghe, were also felicitated by the Prime Minister on this occasion.

Addressing the occasion, the Prime Minister further stated:

“We believe that art and culture, both are important in realizing the thriving nation and beautiful life that we aspire. It is equally important to see and learn about the heritage of our country and, through our experiences, engage in a dialogue on how we can take these traditions forward by incorporating them into our lives in ways that are relevant to the present day.

As the Member of Parliament mentioned to me, films are being screened here, educational programmes and workshops are being conducted, and there are a number of performing arts presentations. Through all of these activities, what we hope to achieve is to enrich the lives of the people of the North Western Province. Being ‘rich’ does not mean economic prosperity alone. Building roads, constructing buildings and developing housing facilities are all necessary. But these alone are not sufficient. We can build a modern city out of concrete and still live empty lives devoid of happiness, sensitivity or fulfilment. If we are to truly make our lives fulfilling and create happiness, however, we need things such as these. We need unity, mutual understanding and harmony.

We must also learn through experience how to conduct ourselves in public spaces and how to remain safe within society. We cannot assume that we can protect ourselves simply by separating ourselves from everything and remaining closed off. While preserving our identity, we must be prepared to face the challenges ahead with an open mind if we are to learn how to live safely in a complex society that is changing rapidly due to technology.

Therefore, today, I encourage you to speak to someone you have never spoken to before. Try to understand their life. Share your ideas and experiences with someone who has come from a place far away from you, someone who does not speak your language, or someone who belongs to a different religion or culture. It is through such interactions that our lives become broader and we gain an understanding of new things.

That is also why art and culture are essential to our lives. A good book can take us to places we have never been. A good work of art or a film can bring us closer to another person’s experience in a way that allows us to feel it ourselves. Therefore, I invite everyone to enjoy and appreciate the arts today with a very open mind and a sense of enthusiasm.

I am grateful to everyone who worked hard and dedicated themselves to making this event possible. I wish for these seven days of programmes to be highly successful and to provide everyone with seven days of memorable experiences.

The occasion was attended by the Governor of the North Western Province Tissa Warnasuriya, Deputy Ministers Namal Karunarathna and Namal Sudarshana, Member of Parliament Dharmapriya Dissanayake, other Members of Parliament, the Mayor of Kurunegala, Chairpersons of Pradeshiya Sabhas, Chairman of the Janakala Foundation Anil K. Senadheera, government officials, school students, residents of the area.



(Prime Minister’s Media Division)

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Dr. Roshanie Dissanayake appointed Secretary to the Ministry of Science and Technology

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President Anura Kumara Dissanayake has appointed Dr. Roshanie Dissanayake as the Secretary to the Ministry of Science and Technology.

The letter of appointment was handed over to Dr. Dissanayake by Secretary to the President Dr. Nandika Sanath Kumanayake at the Presidential Secretariat on Friday (11) morning.

Dr. Roshanie Dissanayake has also served as an Additional Secretary (Sri Lanka Administrative Service – Special Grade) at the Ministry of Public Administration, Provincial Councils and Local Government.

President’s Media Division (PMD)

 

 

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Gnanasara Thero absconding after SC ruling

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Ven. Galagoda Aththe Gnanasara Thero was not at his temple in Rajagiriya when prison officials visited the premises yesterday to take steps following the Supreme Court ruling that nullified the presidential pardon granted to him, police sources said.

Prison officials who visited the temple on Nawala Road, Rajagiriya, were reportedly informed by those present that the Thero’s whereabouts were unknown. The development comes a day after the Supreme Court declared former President Maithripala Sirisena’s 2019 pardon of Gnanasara Thero null and void.

The three-member Supreme Court bench comprising Justices Janak De Silva, Dr. Sobhitha Rajakaruna and Sampath B. Abayakoon held that the pardon was arbitrary, violated the public trust and principles of natural justice, and was made beyond the proper exercise of the President’s constitutional discretion.

The case arose from Gnanasara Thero’s conduct at the Homagama Magistrate’s Court in January 2016 during proceedings relating to the disappearance of journalist and political cartoonist Prageeth Eknaligoda.

The Court of Appeal convicted him on four counts of contempt of court in 2018 and imposed concurrent prison terms amounting to six years. He had served about nine months when Sirisena granted him a presidential pardon on May 23, 2019.

The Supreme Court found that although Article 34 empowers the President to grant pardons, that power is held in trust for the people and is subject to constitutional limitations and judicial review. The Court concluded that Sirisena had effectively acted on the recommendation of the Additional Secretary (Legal) without demonstrating that he had independently considered the relevant material.

Justice De Silva held that the pardon was “arbitrary”, violated public trust and the rules of natural justice, and was ultra vires the President’s powers. The Court consequently found that the decision violated the fundamental right to equality guaranteed by Article 12(1) of the Constitution.

The ruling effectively restores the legal position under the original conviction, leaving Gnanasara Thero without the benefit of the 2019 pardon. The Supreme Court also clarified that a pardon does not erase a conviction or sentence, but merely relieves an offender from serving the sentence to the extent specified in the pardon.

Gnanasara Thero, the General Secretary of the Bodu Bala Sena, had been convicted over his conduct during proceedings concerning the disappearance of Eknaligoda, who went missing in January 2010 and has not been located.

Sandhya Eknaligoda, Prageeth Eknaligoda’s wife, was among those who challenged the presidential pardon before the Supreme Court, alongside the Centre for Policy Alternatives and its Executive Director Dr. Paikiasothy Saravanamuttu.

The detailed account of the judgment indicates that the Court’s ruling primarily nullified the pardon and restored the legal effect of the original sentence, with the implementation of the sentence falling to the relevant authorities.

Police sources said that the Supreme Court, however, did not permanently close the door on executive clemency. It held that a future President could grant Gnanasara Thero another pardon, provided the power is exercised lawfully and after proper consideration of all relevant material.

The Supreme Court has so far overturned three presidential pardons granted to two former Presidents. In January 2024, the Court declared former President Gotabaya Rajapaksa’s pardon of former MP Duminda Silva unlawful and invalid. In June 2024, it invalidated two pardons granted by former President Maithripala Sirisena to Royal Park murder convict Jude Shramantha Anthony Jayamaha — the first in May 2016, which commuted his death sentence to life imprisonment, and the second in October 2019, which released him from prison. Jayamaha, who was convicted of the murder of 19-year-old Yvonne Johnson, remains at large. Most recently, on September 10, 2026, the Supreme Court declared Sirisena’s 2019 pardon of Ven. Galagoda Aththe Gnanasara Thero null and void, ruling that it was arbitrary and inconsistent with the Constitution.

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