Sri Lanka must use court verdict to recover stolen assets: CBK

The government must use a recent Supreme Court verdict on Sri Lanka’s economic crisis to recover “stolen assets” and redistribute them among the public, former president Chandrika Bandaranaike Kumaratunga said.

In a statement to the media on Sunday November 19, Kumaratunga said the Supreme Court’s verdict on who was responsible for “bankruting” Sri Lanka was a rare and special one.

“The only question I have is, there are many other people connected to it who have not been named. But this is a very rare ruling in this country, and it is a great one,” she said.

Noting that the apex court hasn’t sentenced the parties named in the verdict, Kumaratunga said the petitioners hadn’t sought a penalty for the accused.

“But citizens can go to court and seek punishment and compensation,” she said, adding that millions of Sri Lankans who have had to go hungry as a result of the economic crisis can use the opportunity to get redress.

The former president went further and said money allegedly stuffed in foreign bank accounts and offshore companies or invested in hotels and residences in Sri Lanka can also be found through police investigation, using the court’s verdict.

“The government can appropriate these assets, convert them to cash and absorb it to the Treasury or redistribute it among the people,” she said.

“This is nothing new. The World Bank has a stolen assets unit which has mechanisms in place for finding such things. We can obtain their assistance. In the Philippines assets were recovered and brought back to their country, to a great extent,” said Kumaratunga.

“This can be done. I urge the government to take action on this immediately,” she added.

Meanwhile, former president Mahinda Rajapaksa has said he does not accept the verdict holding him, two of his brothers and officials affiliated with their administration responsible for Sri Lanka’s financial crisis.

Several SLPP MPs consider voting against budget

Several Sri Lanka Podujana Peramuna (SLPP) Members of Parliament are considering voting against the 2024 budget, despite being a part of the Government.

A number of SLPP members are said to unhappy with President Ranil Wickremesinghe, who they voted into office last year.

Senior and popular members of the SLPP who have not been given Cabinet portfolios, have told the party leadership that they want to vote against the budget to send a clear signal to the President that they are not happy, sources told Colombo Gazette.

A number of SLPP MPs have already spoken in public against the 2024 budget saying it is more of a pro-IMF or pro-UNP budget.

The SLPP has not formally decided how it will vote on the budget, but early signs are it is likely to be split.

President Ranil Wickremesinghe presented the 2024 budget to Parliament last week, focusing on ensuring the country does not go bankrupt again.

Presenting the budget in Parliament, the President, who is also the Minister of Finance, said that advancing a nation requires more than mere fairy tales.

He recalled that the prolonged reliance on election promises by political parties has historically led to the economic bankruptcy of the country.

The 2024 budget allocates funds to improve facilities for tourists, address housing issues in the country, including in the North, and improve domestic cricket.

The Second Reading debate of the Appropriation Bill (Budget) is being held for 7 days from November 14th to the 21st, excluding Sundays. Accordingly, the vote on the Second Reading of the budget for the financial year 2024 is scheduled to be held on Tuesday, November 21st at 6:00 p.m.

Furthermore, the Committee Stage debate will be held for 19 days from Wednesday, the 22nd of November to Wednesday, the 13th of December, excluding Sundays. Accordingly, the vote on the Third Reading of the budget for the financial year 2024 is scheduled to be held on Wednesday, December 13th at 6:00 p.m.

Samantha shares a Power-ful message to Ranil

Administrator of the United States Agency for International Development (USAID) Samantha Power and President Ranil Wickremesinghe have a discussion while in the Maldives for the inauguration of new Maldives President Dr. Mohamed Muizzu.

The Biden administration greatly values its partnership with Sri Lanka, Administrator of the United States Agency for International Development (USAID) Samantha Power told President Ranil Wickremesinghe.

She expressed these views at a meeting with the Sri Lankan President in the Maldives, Power said in a post on X (formerly known as Twitter).

Power said she had a good discussion with the President while in the Maldives for the inauguration of new Maldives President Dr. Mohamed Muizzu.

The USAID Administrator said that she heard about Sri Lanka’s economic recovery and stressed on the importance of political reforms.

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MDMK urges Union govt. to ‘deal toughly’ with Sri Lanka on fishermen issue

TAMIL NADU (The Hindu) – Arresting fishermen from Tamil Nadu appears to be a “routine” affair for the Sri Lankan Navy along the Palk Bay region and to put a permanent end to it, the Union government should deal toughly with the island nation and ensure the livelihood of fishers from the State was protected, said Marumalarchi Dravida Munnetra Kazhagam principal secretary Durai Vaiko on Sunday.

In a statement, he said the lives of many fishers’ had been ruined due to the frequent arrests by the Sri Lankan Navy personnel on charges of poaching. The Naval authorities had also impounded their boats, fish nets and other gadgets, which had pushed them to severe economic loss.
After languishing as remand prisoners in Sri Lanka, they managed to get bail and return home. For the daily wage earners, it had been a harrowing experience and they were unable to come out of the trauma. The families were also in great trouble and poverty stricken due to the breadwinners’ arrest.

After the COVID-19 pandemic, when many sectors had suffered, the fisheries industry too had faced setbacks. Under such circumstances, the Union government should play a bigger role in ensuring jobs for the fishers and also give an undertaking that there would not be any more arrests, Mr. Durai Vaiko said. “If retrieving Katchatheevu may be the only solution, the Union government should explore the possibilities with a fresh perspective,” he added.

When India had been very helpful to Sri Lanka, especially, after the economic crisis faced by them, the neighbour should reciprocate equally. Moreover, the Tamil Nadu government led by Chief Minister M.K. Stalin had voluntarily despatched essential goods worth several crores of rupees to Sri Lankans by sea and air as a gesture to the people who were suffering from hunger due to the crisis last year. Hence, it would be just and genuine for the Sri Lankan government to be friendly, especially with the fishermen from Tamil Nadu.

He appealed to the Union government to open up the diplomatic channels at the highest level and find a permanent solution to the issue immediately as a majority of the fishers were facing hardships and undergoing stress due to the unsafe conditions prevailing in the mid-seas. Though the Sri Lankan government had released the 22 fishermen arrested on Saturday, he called for a permanent solution.

Relatives of disappeared reject president’s ‘compensation’ budget proposal

The Association for Relatives of Enforced Disappearances (AERD) in the Northern and Eastern Provinces have rejected the allocation of funds in the budget for the next financial year to be paid to those who went missing during the war from the North and East.

President Ranil Wickremesinghe, also holding the finance portfolio while presenting the budget for the next financial year announced the allocation of Rs. 1000 million to be paid as compensation to the families of those who were victims of enforced disappearances.

“We don’t want money, what we need is justice. We need our relatives to be handed over back,” Mariasuresh Easwary, President of the Mullaitivu district AERD told media persons at the local press club.

Speaking further, Easwary said the announcement by the President cum Finance Minister has confirmed their disappeared relatives are held in detention and that admission comes under international pressure.

“It makes one thing clear for us. Amidst international pressure they have confirmed that disappeared relatives are held in detention,” she observed.

Alleging further, she added the government has allocated the money since they are keeping the disappeared.

“We don’t want this budget allocation. We reject these allocations because it is fifteen years since the end of the war. Furthermore, have they forgotten to allocate funds for other districts, or have they forgotten about those who have disappeared,” Easwary said, questioning the intention of the government.

She also strongly criticized President Wickremesinghe and his government for trying to hoodwink the international community by allocating these funds due to their pressure.

“I strongly emphasize that the President of this country can hoodwink the international community. But he cannot fool the relatives of the disappeared,” fumed Mariasuresh Easwary.

The AERD President of Mullaitivu alleges that the funds allocated are for the expenses for themselves and those around them. “This money is not for us and we don’t want this money”.

She reiterated their primary and long-standing demand for an international inquiry into the issue of their relatives gone missing after being handed over or surrendered to the Sri Lankan security forces. “Perpetrators should be put on the dock of international courts and justice delivered to us”.

Calling upon the Tamil people to be on “high alert” when they are continuing their protest for over 2500 days and to be aware of the government’s ploy of “trying to put a full stop” to search for the disappeared.

At least 188 elders have died searching for their dear and near since the end of the brutal war which came to a bloody end in May 2009.

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President Seen Cutting Former PM Mahinda Rajapaksa’s Birthday Cake in Low-key Celebration

President Ranil Wickremesinghe took part in a seemingly reconciliatory act by cutting the birthday cake of former Prime Minister Mahinda Rajapaksa. The former premier, who was ousted from his position last year, celebrated a modest birthday gathering with close family and friends.

This gesture took place amidst speculations that there is a rift between the President and the SLPP, the two major stakeholders of the current government.

The event took a bipartisan turn as President Wickremesinghe and UNP MP Vajira Abeywardena were observed among the guests, showcasing a moment of camaraderie. The low-key celebration hinted at a possible thaw in political tensions, emphasizing their unity beyond political power struggles.

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Chinese State Councilor Shen Yiqin arrives in Sri Lanka

A Chinese delegation including State Councilor Shen Yiqin arrived in Sri Lanka on an official visit on Saturday (18).

This was confirmed to News 1st by the Ministry of Foreign Affairs.

Shen will visit Sri Lanka from November 18 to 21 at the invitation of the Sri Lankan government.

The Chinese Foreign Ministry announced that Shen will engage in discussions with top government officials

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Sri Lanka’s debt deal with China Exim Bank shared with Paris Club: report

Details of Sri Lanka’s agreement with China Exim Bank were shared with Paris Club creditors, raising expectation of a bilateral credit restructuring deal, a media report said.

Central Bank Governor Nandalal Weerasinghe was quoted by Bloomberg Newswires as saying that now that details were shared, he hoped the Paris Club would also come forward with their proposal, helping clear an IMF review before the end of the year.

Sri Lanka was awaiting China’s consent to reveal the details after an earlier ‘staff level’ style or ‘in principle’ agreement on restructuring debt.

Sri Lanka was in line to meet December IMF targets for reserves and central bank credit to government, he said.

Sri Lanka is still expecting the IMF program approval before the end of the year, he said.

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Anura Kumara Engages in Talks with Indian High Commissioner Amid Economic Concerns

The National People’s Power (NPP), known for its staunch criticism of Indian investments in Sri Lanka, held discussions with Indian High Commissioner Gopal Baglay today. The meeting, which took place at the Indian High Commission, centered around critical issues, including the economic crisis gripping the island nation.

NPP leader Anura Kumara Dissanayake spearheaded the dialogue, addressing concerns related to the economic challenges facing Sri Lanka. The meeting provided an opportunity for an open exchange of views on the prevailing economic situation, with a particular focus on potential solutions and collaborative effots between the two nations.

Notably, NPP Parliamentarian Vijitha Herath was also present during the talks, emphasizing the party’s commitment to engaging in constructive conversations with key stakeholders, even those with whom they have previously expressed differences.

The discussions come against the backdrop of Sri Lanka grappling with economic difficulties, including concerns about debt, inflation, and the overall fiscal health of the country. The NPP’s decision to engage with the Indian High Commissioner signals a recognition of the need for multi-faceted dialogues to address complex economic challenges.

Mahinda says Namal swallowed a dead rope

On Monday (13) morning President Ranil Wickremesinghe convened a Cabinet meeting to seek approval for Budget 2024. At the meeting, the Cabinet touched not only on the salient points of the Budget proposals but also on the Aswesuma welfare benefit scheme. It was the President’s Chief of Staff Sagala Ratnayake who apprised the Cabinet regarding the Aswesuma relief project.

Sports Minister Roshan Ranasinghe, who had reportedly caused a stir in the House having claimed that he would not even touch a glass of water at the Presidential Secretariat, fearing he’d be poisoned, was also part of the Cabinet meeting.

After the Cabinet Meeting was over, Minister Kanchana Wijesekara was heard quipping “If you are scared to drink water from here, you can use mine,” when Minister Ranasinghe was passing by him to which the latter chose not to respond.

At the conclusion of the Cabinet meeting, the President stated that he will extend the powers entrusted to the Cabinet Subcommittee to look into the suspension of Sri Lanka Cricket (SLC) from the ICC. Before the Ministers dispersed, the President advised Minister Ali Sabry to meet him and he escorted the Foreign Minister to his office. The President instructed Sabry to summon the SLC President to the Presidential Secretariat and to keep him informed of the outcome of talks later. It was also reported that the President had decided to prevent the Sports Minister from forming Interim Committees for sports bodies henceforth sans the approval of the Cabinet. As per the advice from the President, Minister Sabry summoned the SLC President to the Secretariat and had taken the requisite measures.

The President and his entourage then headed to the Parliament Complex at around 11.30 a.m. armed with the briefcase containing the budget proposals. The Leader was welcomed at the entrance to the House by the Speaker, the Leader of the House, the Chief Government Whip, State Minister Geetha Kumarasinghe and the Sergeant-at-Arms Narendra Fernando. The President then headed to the Complex and delivered his budget speech and took care to complete it within a 120-minute period. Before winding up his speech the President also did not forget to invite the SJB-led Opposition to join forces with his administration to resuscitate the country from its parlous economic state. As the budget had been delivered in the afternoon a luncheon was organised at the Complex. The President, Former President/PM Mahinda Rajapaksa, Speaker Mahinda Yapa and a few other Ministers were seen having their lunch seated together. Most of the Ministers approached the President and commended him for having tabled a pragmatic budget for the country amidst the country’s dire economic outlook. Among other MPs who were involved in the luncheon reception were SJB MPs Dr. Harsha de Silva, S.M. Marikkar, Iran Wickremaratne and TNA MP M.A. Sumanthiran.

The President on Tuesday, having concluded the NSC meeting, headed to the House. Before arriving in the Chamber he decided to be in the Lobby and seek views from both Government and Opposition MPs regards the pros and cons of his budget proposals. Opposition MP Waruna stated that he was surprised to see the Leader in a relaxed state of mind and the President merely quipped that he had only tried to say hello and look into their wellbeing. The President then turned to MP C.V. Wigneswaran and sought his vote to pass the budget as he had guaranteed land rights to farmers in the North and had channelled funds to those displaced in the war. He was of the view that the aspirations of the people of the North had been fulfilled by him via the 2024 budget.

An MP said that some are complaining that the Government had not addressed the grievances of doctors and university lecturers. The President opined that those issues had been looked into before the budget and insisted that the budget is a place where policies are discussed and it should not be construed as the platform to resolve issues. A few MPs also touched on sectors such as the fisheries and agriculture and the President instructed Ashu Marasinghe to apprise him of the outcome of discussions on such sectors through the Parliament Oversight Committees.

A group of Opposition MPs queried why the President had subtly clipped the wings of the Sports Minister, as he had entrusted the Cabinet Sub Committee, headed by Ali Sabry, to resolve the SLC matter and to henceforth ban the formation of Interim Committees without the consent of the Cabinet. The Leader then left the place smiling and without striving to respond. The President having spent around 30-minutes with the Opposition MPs then headed towards the Government MPs and also spoke to a group of MPs headed by former President Rajapaksa. MP Wajira Abeywardene said that though the former President has been supportive of the budget MP Namal Rajapaksa had been critical of it to which Mahinda said that his son may have swallowed a dead rope. MP Samanpriya Herath said that the Opposition was struggling to decide whether to either support the budget or abstain from the vote as the proposals put forth by the Leader had opened the door for a robust economy here.

The President, in the afternoon, met media outlet heads and there he was bombarded with queries on both the budget and the ongoing crisis plaguing the SLC. He simply mentioned that akin to the manner that he had revved the country’s stalled economy, he would do likewise to cricket. In the evening the President arrived at the Nelum Pokuna Theatre to grace the Presidential Cinema Awards ceremony. There, the most notable incident that took place was when the Leader opted to step off the dais and walk towards veteran songstress Nanda Malini to hand over an award to her. It was coordinated by Saman Athaudahetti. She had been invited to the event by the organisers as her name had been mentioned in the song category for an award. But, due to her ill health she was advised to be seated rather than stepping onto the dais in case her name was announced as a winner. Her daughter was supposed to collect her award on her behalf. Athaudahetti then read out her name and informed State Minister Shantha Bandara of Malani’s inability to step onto the dais to collect her award due to her health condition. But, the President having realised her plight was magnanimous enough to walk towards her to hand over her award. The President recalled how he had been present at the inaugural Sarasavi Film Awards in 1963 when the veteran vocalist had received her maiden award. He said that after six decades he had been fortunate enough to hand over another coveted award to her. The Best Actor award was presented to Kamal Addararachchi, who starred in the film Ginnen Upan Seethala portraying the late JVP Leader Rohana Wijeweera. When the actor came to receive his award the President quipped that he should be present at the UNP rallies to speak in his capacity as the former leftist firebrand politician. The President during the course of the week went to the Finance Ministry and discussed the budget.

Afterwards, he attended an event held at the BMICH to commemorate the 10th death anniversary of renowned educationist R. I. T. Alles. On Thursday night the President took wing to Male to attend the inauguration ceremony of his newly elected Maldivian counterpart. He was invited to the event by the newly elected Maldives President.