Sunday August 25, 2019

Sri Lanka's 'alternative facts' on bond sales

By Our Political Correspondent

Jan 24, 2017 18:51 PM GMT+0530 | 5 Comment(s)

ECONOMYNEXT - Sri Lanka's government Tuesday resorted to the latest Donald Trump tactic of offering "alternative facts" to defend Arjuna Mahendran who is accused of "insider dealing" when he headed the Central Bank.

Government loyalists side stepped the findings of the Committee on Public Enterprises (COPE) during a debate initiated by the JVP and went onto the focus on the alleged corruption during Mahinda Rajapaksa's decade in power.

Government's anti-corruption activist and deputy minister Ranjan Ramanayake diverted attention to bond scams under the Rajapaksa administration and large scale corruption between 2005 and 2015.

Speaker after speaker from the government tried to say that corruption under the former government was worse than at present.

Donald Trump's campaign manager Kellyanne Conway recently offered "alternative facts" when video and photographic evidence proved that their claims of record crowds at the presidential inauguration were false.

Amidst the mudslinging and outright lies, Opposition leader R. Sampanthan moved to lift the quality of the debate by focusing on the real issue - a debilitating plague of corruption.

"What is happening now. I am not saying Mr. Ranil Wickremesinghe is corrupt. I am not saying Mr. Maithripala Sirisena is corrupt, but there is corruption. you know it," Sampanthan said.

He said much was talked about the corruption that prevailed during the previous regime, but not a single person had been convicted or even indicted.

"Has anyone being convicted? No. Are you framing false charges that you cannot substantiate. The country needs to know.

"When there is so much of corruption levelled against the former government, why is it that no one has been convicted, or no one has even been charged in a court of law. Is it because you are protecting them?," he asked the government.

"Or is it because your charges are thoroughly unfounded and you cant substantiate them?"

Sampanthan said the country was "stinking" of corruption, but the worst thing was the loss of Central Bank's credibility.

"The Central Bank has lost its credibility in this country. The Central Bank's  misconduct, their misbehaviour, their acting beyond the legitimate functions of the Central Bank did not start yesterday or the day before.

"It started a long time ago, during the last regime. The Central Bank was accused of engaging in political propaganda on behalf of the government in the US."

He said the country had suffered immensely and wrong doers must be punished irrespective of their station in life. (COLOMBO, January 24, 2017)



  1. Jayasingha April 06, 08:01 AM

    The fact is Sambanthan being the opposition leader is running with the hare and hunting with the hound on most occasions in parliament. What he said on this occasion of the govt: is spot on and we would like to see him acting like the real opposition leader instead of mollycoddling the govt: in parliament.

  2. lenonard April 06, 06:41 AM

    Dear Political Correspondent
    So you could not write about CB of Sri Lanka having a dig at Donald Trump. I am some what baffled why you could not use Honest Hilary flip flopping or Obama Hack Susan Rice's Bengasi video as example hence the reason why your reporting of a important story lose credibility readers are not dumb that they can't understand good reporting without your own opinion or snide comments. I prefer reporters stick to the facts unless it your are writing Op-Ed hence dislike to fake reports.

  3. Raja March 31, 02:53 AM

    I am still trying to understand what is wrong in the so-called bond sales. It has been normal practice to accept more quantity than in the tender provided it is at the best price for the tendered quantity. The same practice has been followed here. The justification is that given the market expectations the price will be higher if a new tender is called

  4. Raji March 15, 09:39 AM

    EN political correspondent who had rushed to highlight alternate facts on Bond sales has so far failed to write anything about some of the startling revelations made at the Presidential commission sittings. May be because former central bank governor Arjuna Mahendran is Prime Minister Ranil Wickramasinghe's close confidential friend and buddy

  5. sacre blieu January 25, 08:54 AM

    The truth is always greater than fiction. You said it all without flinching a minute fraction, and we all, the decent, simple, right thinking countrymen look upon you with respect and admiration for the way you stood tall and strong and delivered. You became outstanding as a statesman we have not seen for many years. The main curse of this ,once blessed country, has been our politics, who have now exploited religion and scarred its spiritual teachings.

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