Friday April 26, 2019

Sri Lanka minister says did not know apartment lease was paid by Perpetual

Aug 02, 2017 18:01 PM GMT+0530 | 16 Comment(s)

ECONOMYNEXT - Sri Lanka's ex-finance minister Ravi Karunanayake said he did not know Perpetual Treasuries group paid the lease of an apartment he stayed for several months and his wife and family did the negotiations.

Karunanayake, now foreign minister, was giving evidence before a Presidential commission inquiring into a series of alleged securities frauds involving Perpetual Treasuries, a firm connected to Arjun Aloysius son-in-law of then Central Bank Governor Arjun Mahendran.

Karunanayake said his family moved into a unit in Colombo's Monarch apartments, when his house near the parliament was being renovated. The apartment belonged to Anika Wijaysuria, daughter of Nahil Wijesuriya who were family friends.

He did not know that a lease was executed with Walt and Row, a firm connected to Arjun Aloysius, which paid a 1.45 million rupee a month lease. All the negotiations were done by his wife and family, and he had no knowledge.

State Counsel asked whether Karunanayake was aware that when his wife inspected the apartment, Arjun Aloysius was summoned to the apartment and negotiated the lease with Wijayasuriya.
Karunanayake said he was not aware.

Commissioner Prasanna Jayawardene asked whether Karunanayake accepted that it was not correct to lease the apartment through a Perpetual group company when as finance minister he was connected to bonds, capital markets and excise matters relating to distilleries.

Karunanayake accepted that it would not be correct, if he knew.

He got to know about the lease when Mahindananda Aluthgamage, an opposition legislator had brought it up in parliament, Karunanayake said.

He said the money was re-imbursed by the family to Perpetual group and could produce the receipts.

The apartment was leased through Perpetual group because Anika Wijayasuriya did not want to lease an apartment to a politician, he said.

State counsel interjected to say that Wijayasuriya, had said that she would have leased it directly if such a request was made.

Karunanayake said Global Transport and Logistics, a firm originally founded by him which had later bought the apartment for 165 million rupees, was run by his family and the board. He had resigned in January 2015, and he had no need to know what happened there.

The finance manager had told the commission that cash brought by the chairman in two piles and kept in a safe had been used to pay for the apartment.

Karunanayake said there was no need for any know-your-customer cautions since, the finance manager already knew who the chairman L Kanthan was.

Kanthan earned money with consultancy work and was a director of several companies, the commission was told.

Karunanayake said he could not make sense of several text messages that were read out to him, which were taken from a phone belonging to Aloysius, which were mentioned to have been copied to him.

The text messages made references to getting a copy monetary board decision, a meeting involving a 'PPP' unit and US Treasury officials. (Colombo/July02/2017)



  1. LAW August 04, 12:56 PM

    yes we are waiting till this yaha palanya bring them to book.. why has nothing been proved.. because this government is no better. they are all a basket of rotten apples. at least that government didn't rob power by promising the people good governance. this government did. and we the people demand it.. food for thought.

  2. Naga Ramalingam August 03, 09:40 AM

    This is fallacious argument We changed the Government because of the corruption of former Government. Not to jump from the frying pan into the fire

  3. DEM Ocracy August 03, 09:50 AM

    To all those who have made comments.... I woonder where they were during the 10 year period prior to January 2015..... Have you all forgotten about the Hedging Deal and the the persons involved in it.....
    Why were all of you silent then???? This is what is meant by Good Governane.... Yahapalana .... Where all of you can voice your opinion without fear of death by the WHITE VAN..... Hold on the Truth Will be revealed.... Further, Why were you all Silent when the similar or even worse Bond Scams were carried out during the 10 years prior to Janaury 2015 when the so called Most Honest Ajith Nivard Cabraal was the Governor of the Central Bank and carried out the Insturctions of the Rajapakses...... Surprising isn't it???? FOOD FOR THOUGHT AND PLEASE BE PATIENT WITHOUT VOICING YOUR THIRD GRADE COMMENTS.... GOES TO PROVE THAT ALL OF YOU CONDONE SECRECRY AND UNDERHAND DEALS.

  4. sacre blieu August 03, 08:30 AM

    If the whole country suffers from amnesia like the politicians when they are confronted with solid evidence, we certainly will get lost in paradise, and become a crime-less society.

  5. Gamage August 03, 03:03 AM

    Sin..I know nothing..go to h... bullshit.Do you thing all citizens in the country are fool like politicians in the Parliament..

  6. Jay August 03, 02:36 AM

    This bloke is telling lies, being a catholic he is committing sins by violating 2 of the ten commandments. Stealing money belong to stateGiving false declaration under oath

  7. RAN GOVIYA August 03, 02:03 AM

    MR.Don't know...Yes you know nothing ..

  8. Godfrey August 03, 12:49 PM

    No rogue will ever say he robbed. Lets wait and see how the yahapalana President and PM handle this issue and what action they take.

  9. ranga August 03, 12:22 PM

    Civil Society, awake Demand action. Dont let these political goons fool you further.

  10. Naga Ramalingam August 02, 10:59 AM

    'I know nothing' is a convenient cliche that most corrupted politicians come out with. Ravi K is the first one in a series, others in the Government will follow. It's funny that he said he did not like the tone of the questions. When you face an inquiry or courts, that's the tone you get. Now you know how your government treated those in the former government. What goes around comes around Actually you should step down from the foreign ministry until the inquiry is over

  11. Nic August 02, 10:32 AM

    Hey Ravi, what do you think, the whole of Sri Lanka are filled with idiots to buy your story that you know nothing? This is dangerous man, if you don't know what your wife and daughter did, if I were you, I would be very concerned

  12. dhanu August 02, 09:57 AM

    Mr.Ravi, the Baba

  13. Ruwan August 02, 07:47 AM

    Mr. Karunanayake..... do you think Sri Lankan citizens are fools like your boss Ranil to believe this .

  14. LAW August 02, 08:36 AM

    poor fellow he doesn't know his left hand from the right.. let him be as our foreign minister. the baby has to learn from Montessori onwards. did he state that he is a royalist. I am sure the college will do something to help him.after all we are all sri lankans gullible to any thing he says. I am sure the PM believes him.. so lets give him three hearty cheers for a job well done.

  15. Leel August 02, 08:23 AM

    Mukuth danne ne thontha baba. Wife ta wede thenna vitharai Danne.

  16. The Innocent August 02, 08:12 AM

    Of course b . . . s have no self respect for lies Feel so sorry for all the poor Sri Lankans.

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