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Treasury bond scams: SJB drags Lotus Tower into ‘conflict’ as SLPP attacks ‘footnote’ gang

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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.



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Navy Commander attends Trans-Regional Seapower Symposium in Italy

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The Commander of the Sri Lanka Navy, Vice Admiral Damian Fernando attended the 15th edition of Trans-Regional Seapower Symposium, organised by the Italian Navy in Venice in Italy, on 6 and 7 October 2026.

The symposium was held at the Italian Navy‟s historic Arsenal in Venice under the theme “From Regional Waters to Global Influence: Generating Effects Across the Midland Seas of the World”.

Organised biennially by the Italian Navy since 1996, the symposium brings together heads of foreign navies, naval representatives, academics, industry representatives and scientific researchers to discuss maritime security and the role of regional maritime dynamics in shaping the global balance.

The sessions of the symposium aimed to present an analysis of the relevance and influence of regional dynamics on global balances and their relative implications within the maritime domain.

Thus, topics discussed included; ‘Geopolitical Background: Global and Regional Dynamics in Comparison,’ ‘Pivotal Role of Cooperation among Regional Alliances as Security Providers,’
‘Maritime Regional Security Complexes, Global Order and Sea-Based Flows – What Role for Navies?,’ ‘New Arctic Chessboard: Seapower, Resources and the Race for Connectivity,’ ‘Future-
Proof Capabilities: A Naval Force Designed to Operate Across Oceans, Act Within Regions and Deliver Effects on the Ground,’ ‘Future Seas: Industrial Scale, Decisive Mass and Innovation –
Securing the Maritime Domain’ and ‘Future-Proof Leadership: Preparing Maritime Commanders and Sailors for Complexity,’

Cooperation fostered through symposiums of this nature, which bring together a multitude of global maritime stakeholders, will enable the Sri Lanka Navy to respond collectively to maritime
challenges, in pursuit of maintaining a safe, secure, prosperous and a stable ocean region.

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Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces

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WEATHER FORECAST FOR 13 October 2026
Issued at 2.00 p.m. on 12 October 2026 by the Department of Meteorology

A low-pressure area may form over the southeastern Bay of Bengal by 13 October.

Under the influence of this system, an increase in rainfall is expected over the island and the deep and shallow sea areas around the island during the next few days from tomorrow (13).

The general public, as well as the naval and fishing communities, are requested to be attentive to the future forecasts and bulletins issued by the Department of Meteorology in this regard.

Heavy showers about (100-150) mm are likely at some places in the Central, Sabaragamuwa, Uva and Southern provinces.
Fairly heavy showers  above 75 mm are likely at some places in the other areas of the island. Showers or thundershowers will occur in most parts of the island.

The general public is kindly requested to take adequate precautions to minimize damage caused by temporary localized strong winds and lightning during thundershowers.

Misty conditions can be expected at some places in the Sabaragamuwa, Central and Uva provinces during the early hours of the morning.

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Elephant enrichment programme centred on the Thabbowa Reservoir proves successful

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As part of the new government’s initiative to formulate scientifically grounded, long-term solutions to the human-elephant conflict, a programme aimed at sustainably fulfilling the natural food and water requirements of wild elephants within forest ecosystems is being successfully implemented.

Spearheaded by the Ministers of Environment, guided by the Secretary to the Ministry of Environment, and supported by all affiliated institutions, this initiative transforms tanks (reservoirs) and forest tracts in high-conflict areas into enriched zones for wild elephants.

To facilitate this forest enrichment drive, 113 forests have already been declared protected reserves under the Vanaspathi National Programme. The initial phase of establishing tank enrichment zones was launched around the Kala Wewa and Thabbowa reservoirs.

Accordingly, the Ministry of Environment and ‘Clean Sri Lanka’ jointly carried out an initiative to develop these reservoir
catchments into designated enrichment zones.

A year ago, an operation to eradicate invasive plant species that posed a severe environmental threat to the Thabbowa reservoir precinct was conducted with the comprehensive labour and
technical support of government officials, environmental scientists, the tri-forces, and residents.

Since the new government’s policy of “A Sustainable Biosphere, An Evergreen Life” is practically implemented at the ground level, officials from the Department of Wildlife Conservation and the Department of Forest Conservation have been continuously monitoring the ongoing progress and
field conditions of this collaborative project under ministerial directives.

During these field reviews, it was observed that following the removal of invasive flora, the tendency of wild elephants to wander into villages searching for sustenance has notably declined; instead, they increasingly frequent the naturally regenerated grasslands along the reservoir fringes.

Having proven this ecological model’s success through trials at Thabbowa and Kala Wewa, the Ministry of Environment has finalized all necessary blueprints to swiftly replicate it across other sensitive wetland systems and reserve zones where human-elephant conflict is prevalent.

By enriching wildlife habitats, this sustainable, eco-friendly, and scientific strategy protects human lives and cultivated farmlands while securing space for wild elephants in their native habitats, continuing to show promising results across high-conflict regions.

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