No Answer From Attorney-General Jayasuriya When Prime Minister Wickremesinghe Asks Him What Happened to the Investigation File on Corruption Complaint Against Mahindananda Aluthgamage MP.

Prime Minister Ranil Wickremesinghe told the bond commission Monday that the former regime had kept big-ticket government expenditure out of the budget to project a robust balance sheet to the International Monetary Fund. Defending his decision to scrap the system of private placements and go for public auctions of bonds, Wickremesinghe said it was difficult to assess the actual cash needs soon after coming to power in 2015. He said even a week ago, the government was confronted with an unspecified bill from a Singaporean company which had carried out…

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Sri Lanka PM speaks of secret debts of former regime at bondscam inquiry

ECONOMYNEXT – Prime Minister Ranil Wickremesinghe told the bond commission Monday that the former regime had kept big-ticket government expenditure out of the budget to project a robust balance sheet to the International Monetary Fund. Defending his decision to scrap the system of private placements and go for public auctions of bonds, Wickremesinghe said it was difficult to assess the actual cash needs soon after coming to power in 2015. He said even a week ago, the government was confronted with an unspecified bill from a Singaporean company which had…

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Dappula and Sumanthiran battle at bond commission

By Shamindra Ferdinando Senior Additional Solicitor General Dappula de Livera strongly objected to President’s Counsel M. A. Sumanthiran, MP, representing S. Pathumanapan, a Central Bank employee recently interdicted over his alleged involvement in the treasury bond scam, at the Presidential Commission of Inquiry into controversial transactions in Feb. 2015 and March 2016. SASG de Livera, seated next to Attorney General Jayantha Jayasuriya, raised objections on the basis that Jaffna District TNA lawmaker Sumanthiran, who was a member of the Committee on Public Enterprises (COPE), which summoned Pathumanapan during D. E.…

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UNHRC adopts the 3rd UPR outcome on Sri Lanka

The United Nations Human Rights Council has adopted the outcome of the third Universal Periodic Review on Sri Lanka at the 28th session of the Universal Periodic Review. At the session the President of the Human Rights Council Joaquín Alexander Martelli proposed to the working group to adopt the recommendation section of the draft report and the UPR of Sri Lanka was adopted. The review of Sri Lanka was held on Wednesday. The Sri Lankan delegation was headed by Deputy Minister of National Policies and Economic Affairs Dr. Harsha de…

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Racist Mahinda stirring communal tension in order to return to power – Sambanthan

By Gagani Weerakoon & Methmalie Dissanayake In an unusually emotional speech given in Parliament by a political leader, Opposition Leader R. Sampanthan yesterday pleaded with former President Mahinda Rajapaksa to be a party to the Constitution making process without stirring communal tension in order to return to power. Participating in the final day of the second reading debate on the Budget proposals in Parliament, the senior Tamil politician said, the position that has been taken by the former President both in Parliament and in the country promotes disharmony amongst the…

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People clearly did NOT want Mahinda be elected as President or Prime Minister – Sampanthan

Mahinda should have opposed resolution when it was brought to Parliament – Sampanthan If Mahinda Rajapaksa was opposed to the creation of a new Constitution, he should have expressed his opposition at the time it was suggested without trying to stir communal tensions now by interpreting it as an effort to divide the country, Opposition Leader R.Sampanthan said in Parliament yesterday. Joining the debate on the Second Reading on the budget proposals for the fiscal year 2018, Sampanthan appealed to former President Mahinda Rajapaksa to cooperate in ensuring reconciliation in…

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