Sri Lanka says Mahinda Rajapaksa officials hid more than $2bn in Dubai

Billions kept outside the country by people ‘closely related’ to former regime says new cabinet spokesman

Sri Lankan investigators have located more than $2bn that was secretly transferred to accounts in Dubai by figures close to the administration of former president Mahinda Rajapaksa, the government said on Thursday.

Cabinet spokesman Rajitha Senaratne said the funds represented about a fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.

“We have information that more than $10 billion, more than our country’s foreign reserves, is kept outside the country by those closely related to the last government,” he told reporters.

timthumb A former top official in Rajapaksa’s administration dismissed as “nonsense” the government’s suggestion that the money found was evidence of corruption.

President Maithripala Sirisena, who defeated Rajapaksa in a January election, has ordered an investigation into all financial deals sealed by his predecessor. Rajapaksa and his former government officials have rejected allegations of corruption and nepotism and said they are ready to face any investigation.

Describing the accounts found in Dubai, Senaratne said: “One person from a leading family held $1.064bn. Another account under a parliament member’s name had over $500m and a secretary to a very important person had over $500m jointly with another person, who is very famous for corruption.”

Senaratne did not say who held the accounts, as the probe is still under way. He said it had also identified large withdrawals, including one of $600m, from accounts belonging to people who had worked with Rajapaksa’s government.

“We have given these details to the US and Indian financial intelligence agencies which are helping us in the investigations,” he added.

His assertion was dismissed by a former government official and Rajapaksa ally, who declined to be named.

“In the context of money laundering, you can’t take $600m at once,” he told Reuters, adding that the government should name the holders of the alleged accounts.

“Why can’t he say the names if they have the information?” the former government official said, describing Senaratne’s comments on Thursday as “absolutely nonsense”.

Sri Lanka’s anti-corruption body has so far barred former central bank governor Ajith Nivard Cabraal and Sajin De Vass Gunawardena, a parliamentarian close to Rajapaksa, from leaving the country because of corruption complaints. Both have rejected allegations they misused public funds.

Senaratne also said the government had cancelled an $85m airport runway project awarded to Colombo-based Access Engineering Plc, which won a number of infrastructure contracts during Rajapaksa’s time in office. No comment was immediately available from the company.

145-how-luxurious-mahinda-rajapakses-hotel-marriot-in-dubai-images-included622453328How Luxurious Mahinda Rajapakse’s Hotel M

The Marriot Hotel of Dubai was highlighted in Sri Lankan media last year and it is owned by a Dubai based Sri Lankan born businessman named Nandana …………..

President Mahinda Rajapakse has invested in Dubai in a big way through his Proxi, Nandana Jayadewa Lokuwithana. 

www.lankaeagle.com300 × 206Search by image

President Mahinda Rajapakse has invested in Dubai in a big way through his Proxi, Nandana Jayadewa Lokuwithana………….

Sri Lanka says Rajapaksa officials stashed over $2 bln in ……/Sri-Lanka-says-Rajapaksa-officials-stashed-2-bln-…

19 Mar 2015 – COLOMBO, March 19 (Reuters) – Sri Lankan investigators have located more than $2 billion that was secretly transferred to accounts in Dubai …

Mariott hotel not mine: MR 

14 May 2015 – Former President Mahinda Rajapaksa today denied reports that the Ceylon Steel Corporation and the Mariott hotel in Dubai were his property,

Has Rajapaksha sold his Dubai Marriot that was bought in the name of proxy a unknown Villager for $225M ($ 0.25Billion) as he now says it belongs to who owns them.

nevil Chairman photo aIt was earlier reported that President Mahinda Rajapkse has invested in Dubai in a big way through his Proxy Nandana  …

Special Inteligence Reveles Former Sri Lankan President ……

8 May 2015 – Former Sri Lankan President Mahinda Rajapaksa’s family wealth is said to beMahinda Rajapaksa’s family assets amount to 3 point 2 trillion  …


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