News
Treasury bond scams: SJB drags Lotus Tower into ‘conflict’ as SLPP attacks ‘footnote’ gang
By Shamindra Ferdinando
The main Opposition Samagi Jana Balavegaya (SJB) recently alleged that the Lotus Tower has been leased to a Singaporean company, affiliated with former Governor of the Central Bank, Arjuna Mahendran, accused of perpetrating Treasury bond scams in Feb. 2015 and March 2016.
The accusation was made by Badulla District lawmaker, Chaminda Wijesiri, in Parliament, during a question and answer session.Responding to the former UNPer’s allegation, Chief Government Whip Prasanna Ranatunga said that he was not privy to the Lotus Tower affair.
Maj. Gen. (ret.) Prasad Samarasinghe, Chief Executive Officer of the Colombo Nelum Kuluna Management Private Company, said that only the second floor of the Lotus Tower had been leased to Creative Design Private Company of Singapore at USD 1.42 mn annually.
Denying Mahendran’s alleged involvement in the transaction, Maj. Gen. Samarasinghe said an initial payment had been received and the Singaporean company would bring in the investor to pave the way for launch of operations by April 2023.According to the one-time Military Spokesman, the two parties had entered into a Memorandum of Understanding (MoU) pending the finalization of the lease agreement.
MP Wijesiri, who represented the UNP at the time of the Treasury bond scams, and Urban Development and Housing Minister Ranatunga, clashed over the alleged culpability of UNP/SJB members in the Central Bank fraud.
Minister Ranatunga pointed out that those who tried to scuttle investigations into Treasury bond scams, by inserting footnotes into the second COPE report, were in Opposition Leader Sajith Premadasa’s camp today.In the 2015 bond scam, the Central Bank offered Rs. 1 bn worth of 30-year Treasury bond, carrying a fixed interest rate of 12.5% to the market, but ended up selling bonds to a value of Rs. 10 bn. This was 10 times the original offer.
Minister Ranatunga quoted former UNP/SJB MP Ranjan Ramanayake as having said that many UNP/SJB lawmakers had received parliamentary polls campaign funds from Mahendran.
MP Wijesiri said that he couldn’t accept the Chief Government Whip’s refusal to answer questions regarding Treasury bond scams on the basis the matter was before courts. Lawmaker Wijesiri said that the State Finance Minister disclosed the truth a month ago in Parliament.SLPP MP Wasantha Yapa Bandara, who had been in the Chair at that time, asked MP Wijesiri to pose his question.
MP Wijesiri: “Those responsible for Treasury bond scams have been identified. You are still in government because Ranil Wickremesinghe is the President. Treasury bond scams caused the ruination of the country. At that time, you alleged the involvement of the incumbent President in Treasury bond scams that bankrupted the country.”
Minister Ranatunga: “In terms of Standing Orders 36 (E), we cannot discuss a matter dealt in a court of law. Therefore, I will respond according to the Standing Orders. The person (SLFP leader Maithripala Sirisena) who served as the President at that time of the Treasury bond scams now represents the Opposition (contested Polonnauruwa on the SLPP ticket).
Several MPs inserted ‘footnotes’ to sabotage the COPE report issued by the then JVP MP Sunil Handunetti. Dr. Harsha de Silva, Sujeewa Senasinghe, Ajith P. Perera, Harshana Rajakaruna, Hector Appuhamy, Ashok Abeysinghe, Abdul Maharoof, Wasantha Aluvihare and Ravindra Samaraweera are members of the footnote gang. The majority of them are with Opposition Leader Sajith Premadasa. We accept that the incumbent President, too, was in that group as the then Prime Minister. We said so then. We won’t deny that now.”
MP Wijesiri: I believe the Chief Government Whip wants to say the footnote gang perpetrated the Treasury bond scams. We thought you would take legal action in this regard. Thieves are with thieves. Lotus Tower has been leased to a Singaporean company, affiliated with Arjuna Mahendran.”
Minister Ranatunga: “Those who had received money from Arjuna Mahendran’s son-in-law Arjun Aloysius (of Perpetual Treasuries Private Ltd) utilized such payments for election campaigns. They are in your group. I didn’t say so. Ranjan Ramanayake did. Ramanayake claimed all electoral organizers received campaign funds from Arjun Aloysius. Such payments will be proved in court of law. We are not involved with Arjun Aloysius. Therefore, I do not know about the Lotus Tower affair. I do not know whether these accusations are made taking cover behind parliamentary privileges.”
Sri Lanka’s efforts to convince Singapore to repatriate Singaporean national Arjuna Mahendran has failed so far.
News
Sajith warns country is being dragged into authoritarian rule
Opposition and SJB Leader Sajith Premadasa has alleged that the current government is attempting to suppress freedom of expression and media freedom to lead the country towards authoritarian rule.
In a video message on Thursday (25), Premadasa said that in a democratic country, the four main pillars safeguarding democracy are the legislature, the executive, the judiciary, and the independent media, but, at present, the government is using the police to violate both the democratic rights of the people and the rights of police officers themselves.
He said that the government is working to establish a police state that deprives citizens of their right to access truthful information.
“For democracy to be protected, media freedom must be safeguarded, and space must be given to independent media. Instead, the government is interfering with the independent media process, using the police to suppress and intimidate independent media,” he said.
He noted that even when independent media present their views based on reason, facts, and evidence, the government attempts to suppress them. Such actions, he said, amount to turning a democratic country into a police state. “Do not suppress the voice of the silent majority, the independent media,” he urged.
Premadasa emphasised that independent media represent the voice of the silent majority in the country and must not be suppressed.
“Media repression is a step towards authoritarian rule, and the people did not give their mandate to create an authoritarian regime or a police state. If the government attempts to abolish democratic rights, the Samagi Jana Balawegaya will stand as the opposition against it,” he said.
The Opposition Leader further alleged that the government was interfering with police independence, stating, “Political interference has undermined the independence of the police, making it impossible for them to serve impartially. Suppressing freedom of expression is an attempt to lead the country towards authoritarian rule.”
Premadasa pointed out that the media has the right to reveal the truth, and interfering with that right is a violation of the rights of 22 million citizens.
News
Wholesale mafia blamed for unusually high vegetable prices
Vegetable prices at the Peliyagoda Manning Wholesale Market surged to unusually high levels yesterday (26), raising concerns among consumers as the festive season drives up demand. The situation is expected to persist over the next few days, a spokesman for the Manning Market told The Island.
He said a sharp increase in the number of buyers visiting the wholesale market, ahead of upcoming festivities, had resulted in a sudden spike in demand, prompting wholesale traders to raise prices significantly. The price hikes have affected a wide range of commonly consumed vegetables, placing additional pressure on household budgets.
According to market sources, the wholesale price of beans climbed to Rs. 1,100 per kilogram, while capsicum soared to Rs. 2,000 per kilogram. Green chillies were selling at around Rs. 1,600 per kilogram. Prices of other vegetables, including beetroot, brinjal (eggplant), tomatoes, bitter gourd, snake gourd and knolkhol, also recorded unusually high increases.
The spokesman alleged that despite the steep rise in prices, vegetable farmers have not benefited from the increases. Instead, he claimed that a group of traders, who effectively control operations at the wholesale market, are arbitrarily inflating prices to maximise profits.
He warned that if the relevant authorities fail to intervene promptly to curb these practices, vegetable prices could escalate further during the peak festive period. Such a trend, he said, would disproportionately benefit a small group of middlemen while leaving consumers to bear the brunt of higher food costs.
By Kamal Bogoda ✍️
News
Cyclone-damaged Hakgala Botanical Garden reopened with safety measures
The Hakgala National Botanical Garden, which was closed in the aftermath of Cyclone Ditwah, has been reopened to tourists from yesterday, the Ministry of Environment indicated.
The Ministry said the reopening was carried out in accordance with recommendations and guidelines issued by the National Building Research Organisation (NBRO) and the DisasterManagement Centre (DMC) after safety assessments were completed.
However, due to the identification of hazardous ground conditions, several areas, within the garden, have been temporarily restricted. These include the pond area, near the main entrance, and access roads leading towards the forest park where potential risks were observed. Warning signs have been installed to prevent visitors from entering these zones.
To ensure the safety and convenience of both local and foreign visitors, the garden’s management has introduced a special assistance programme, with staff deployed to guide and support tourists.
The Hakgala Botanical Garden was closed as a precautionary measure during the disaster situation triggered by Cyclone Ditwah. The Ministry noted that the garden has now been safely reopened, within a short period, following remedial measures and inspections, allowing visitors to resume access while maintaining necessary safety precautions.
By Sujeewa Thathsara ✍️
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