Friday, March 6

Tag: Bond Commission

Stay order on CID probe on Ravi K dismissed
8Oct By Faraz ShauketalyNo Comments
Corruption / Expose

Stay order on CID probe on Ravi K dismissed

The Colombo Chief Magistrate today dissolved the stay order issued on the Criminal Investigations Department (CID) investigation of MP Ravi Karunanayake over allegedly providing false evidence to the Bond Commission. Magistrate Ranga Dissanayake allowed the CID to proceed with the investigations. The Colombo Chief Magistrate on September 21 issued a stay order on the Criminal Investigations Department (CID) investigation of MP Karunanayake. Courtesy: Daily Mirror
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CID granted time to present written submissions on probe into Ravi
26Sep By Faraz ShauketalyNo Comments
LOCAL

CID granted time to present written submissions on probe into Ravi

The Colombo Magistrate’s Court today granted more time for the Criminal Investigations Department (CID) to present written submission pertaining to the investigation against MP Ravi Karunanayake for allegedly providing false information before the Bond Commission. When the complaint was taken up before Colombo Chief Magistrate Ranga Dissanayake this morning (25), Senior State Counsel Lakmini Girihagama appearing on behalf of the CID said that the department intends to present written submissions with regard to the investigation and therefore requested for time from the court. The Chief Magistrate accepted the request and instructed the state counsel to present written submissions before September 28. The Colombo Chief Magistrate’s Court had issued several directives in connection ...
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Two additional days allocated for Parliamentary debate
6Feb By Faraz ShauketalyNo Comments
LOCAL

Two additional days allocated for Parliamentary debate

The Party Leaders yesterday agreed to allocate two more days for the Parliamentary debate on the reports by the Bond Commission and PRECIFAC on February 20 and 21. The debate will commence at 10.30 a.m. today and will continue till 4 p.m. It will then be adjourned till February 20. A special Party Leaders’ Meeting chaired by Speaker Karu Jayasuriya was held at the Parliamentary Complex to discuss the arrangements for the debate on the Bond Commission report and PRECIFAC report. A special sitting of Parliament has been convened by Speaker Karu Jayasuriya today upon the request of Prime Minister Ranil Wickremesinghe. The Prime Minister agreed for a special sitting considering the views of various political parties that the debate must be facilitated prior to the Local Governme...
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Parliament to debate the Presidential commission reports tomorrow
5Feb By Faraz ShauketalyNo Comments
LOCAL

Parliament to debate the Presidential commission reports tomorrow

The parliamentary debate on the Presidential Commission of Inquiry to Investigate and Inquiry into Serious Acts of Fraud Corruption and Abuse of Power (PRECIFAC) and bond commission reports will be held tomorrow. Speaker of Parliament Karu Jayasuriya on the request of Prime Minister Ranil Wickremesinghe summoned the Parliament to meet on Tuesday, 06th February, 2018 at 10.30 a.m. to debate the commissions' reports. A party leaders' meeting will be held this morning at the parliament complex under the patronage of the Speaker Karu Jayasuriya to make decisions on the time allocated for the debate and the time allocated for each political party. The Speaker has indicated that the debate can continue on another day after the Local Government elections.
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BOND REPORT: Analysis
3Feb By Faraz ShauketalyNo Comments
Editorial

BOND REPORT: Analysis

President Maithripala Sirisena had said earlier this week that the one-day Parliamentary debate on the Bond Commission’s report and the PRECIFAC report scheduled on February 6, is simply a ‘scheme’ instead of a meaningful one. In an interview with multiple media personnel at his official residence, the President said this was a debate which should have taken place days ago and continued for days without a disruption. He went on to say that the debate was organised even for a day prior to the local government election on the 10th of February due to the challenge he had thrown against it. President Sirisena also stated that the United National Party (UNP) must take the responsibility of the failure to take action against the charges levelled against the Rajapaksa family.The President w...
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If Perpetual is not relieved of its profits bond saga will be a pus vedilla
27Jan By Faraz ShauketalyNo Comments
Editorial

If Perpetual is not relieved of its profits bond saga will be a pus vedilla

When the Bond Commission was set up I wrote an article on 8 September 2017 titled ‘If at the end of the enquiry Perpetual gets to keep the vast amount of profit it made, then it is a pus vedilla’. Now the Bond Commission Report is out but the spectre of a pus vedilla has not gone away! The profits are still with Perpetual. The clever ones know that if one is accused of some dishonest action, the best thing is to get a committee of enquiry set up. A committee of enquiry has no power to dish out any punishment. The Bond Commission too had no power to hand out any penalty/confiscate or tax the profits of Perpetual. They could only recommend further action. So the Commission has recommended that the Attorney General and other authorities consider whether Perpetual Treasuries has done thi...
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President promises to implement recommendations of commission reports to ‘punish thieves and recover money stolen from public’
18Jan By Faraz ShauketalyNo Comments
LOCAL

President promises to implement recommendations of commission reports to ‘punish thieves and recover money stolen from public’

Maithripala Sirisena yesterday assured to take action to implement the recommendations made in the reports of the two Presidential commissions in order to "punish the thieves and recover the money stolen from the public." The President said, he launched a special program today to take necessary legal action to implement the recommendations in the reports of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka and the report of the Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC), The President held a discussion today at the Presidential Secretariat with relevant authorities to discuss the actions need to be taken on the final reports of the two commissions. The discussio...
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Bond Commission report and PRECIFAC report handed over to parliament
17Jan By Faraz ShauketalyNo Comments
LOCAL

Bond Commission report and PRECIFAC report handed over to parliament

The final report of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka and the report of the Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC) have been handed over to the Secretary-General of Parliament this morning. The legal officer at the Presidential Secretariat Attorney-At-Law Muditha Dissanayake handed over 26 copies of the Bond Commission Report (English) and a summary report, and 34 copies of the PRECIFAC report (Sinhala) to the Secretary-General of Parliament. A special press conference regarding the reports will be held today (17) at 1:00 pm at the Committee Room of Parliament with the participation of the Speaker and the Deputy Speaker. The Secretary to t...
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Cabinet chaos!
17Jan By Faraz ShauketalyNo Comments
LOCAL, Main Story

Cabinet chaos!

President unleashes emotional outburst against UNP MPs, catches Cabinet off-guard  “I am not an ungrateful man,” President tells Cabinet before walking off PM and others coax Sirisena to return to resume Cabinet proceedings   President insists bond and PRECIFAC reports being handed over together coincidence but pledges to take action Says Govt. cannot sit by after campaigning on anti-corruption platform     Cabinet decides to reverse changes to Excise Ordinance despite protests from Fin. Min. By Chathuri Dissanayake An emotional President yesterday walked out of the Cabinet meeting after voicing disappointment over criticism leveled against him by some United National Party lawmakers. President Maithripala Sirisena yesterday told the Cabinet that he was not an “ungr...
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Bond Commission report and PRECIFAC report to parliament today
17Jan By Faraz ShauketalyNo Comments
LOCAL, Main Story

Bond Commission report and PRECIFAC report to parliament today

The final report of the Presidential Commission of Inquiry (PCoI) into the Bond Issuance of the Central Bank of Sri Lanka and the report of the Presidential Commission of Inquiry to Inquire and Investigate into Serious Acts of Fraud and Corruption (PRECIFAC) will be handed over to the Secretary-General of Parliament today. The Secretary to the President Austin Fernando had recently promised that these reports would be forwarded to Parliament in response to a request made by the Speaker Karu Jayasuriya on 9th January. Speaker Karu Jayasuriya on the request of party leaders asked the President to submit the final report prior to the debate in parliament on 10th January. However, due to lack of time, the report was not handed over to the parliament for debate when a special session of t...
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