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Saturday May 18th, 2024

Police say officers “used necessary force” on autistic teenager and did not assault him

ALLEGED ASSAULT – CCTV footage shows Policemen assaulting teenager

ECONOMYNEXT – The Police department is denying that its officers assaulted autistic teenager Thariq Ahamed at Dharga Town during curfew hours on May 25.

A Media release from Police headquarters said today officers used “necessary force to subdue the youth but did not assault him.”

The release also confirmed that the Acting Inspector General of Police Chandana Wickremaratne has ordered the Women and Children’s Bureau of the Police to conduct an independent inquiry into the matter.

A subsequent statement said that the three police officers concerned, a Sub-Inspector, Sargeant and Constable have been suspended from duty.  The SI and Seargeant are from the Police College and the Constable from the Aluthgama Police station.

Meanwhile, the National Child Protection Authority (NCPA) is yet to begin an investigation into the incident the NCPA Chairman Prof Muditha Vidanapathirana told EconomyNext.

“We have received many complaints and we have asked our cybercrimes unit to validate the video that is being circulated on social media,” he said.

“We have also alerted out Child Protection officer in the area to look into the matter. However until the local police finish their inquiry, we cannot begin an investigation,” he added.

In the narrative released by the Police Media spokesman, 16-year old Thariq rode his bicycle past the Police barrier during curfew hours without wearing a mask and ignored a signal to stop. Sometime later he came back and again ignored a sign to stop and then police grabbed the handlebar and stopped the bike.

“At that stage the bike hit a fishmonger’s table and the boy fell,” the statement said.

When police went up to him “he tried to run away shouting in a loud voice,” it went on.

Then the officers on duty used “necessary force to subdue him.”

The CCTB footage shows Thariq being taken across the road and a struggle between the tall youth and several police officers taking place.

A passerby had informed police this boy was “mentally deficient” and was a resident of Dharga town.

The boy’s father had then come to the scene and both of them had been taken to the police station, the statement said. A statement had been recorded from the father and the boy taken for examination by the Judicial Medical Officer at the Nagoda hospital.

The police statement said that the officers had “not recognized that this youth was mentally deficient. They believed he was a drug addict.”

The boy was released to his father and no legal actions is being taken against him, the press release said.

Thariq, according to his father is autistic which is a developmental disorder, and not a mental illness.

CCTV footage of the incident went viral on June 4, after a local MP Ali Zuhair Mowlana tweeted calling for justice for Thariq.

Twitterati citing the incidents in the United States commented that all those Sri Lankans calling for justice for George Floyd should also call for justice for Thariq.

All day on June 4 #JusticeForThariq was the number one trending hashtag on Twitter in Sri Lanka. (Colombo, June 5, 2020)

Reported by Arjuna Ranawana

 

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Sri Lanka suffers over $138mn foreign outflow from govt bonds in 2024 after rate cuts

ECONOMYNEXT – Foreign investors have dumped 41.6 billion-rupee ($138.6 million) worth of Sri Lanka government securities in the first 20 weeks of 2024, the central bank data showed, after reduction in the key policy interest rates.

The foreign holding in Sri Lanka’s treasury bills and treasury bonds fell to 75.9 billion rupees on the week ended on Friday (17), May 2024, from 117.4 billion rupees on the week ended on December 29.

The central bank rate has reduced the key policy rates by 50 basis points so far in 2024, extending the rates cut by 700 basis points since June last year.

The rupee appreciated 9.1 percent in the first four months, but the gain failed to attract foreign investors amid a dragged debt restructuring negotiation with external private creditors.

Currency dealers said lackluster demand for dollars due to dampened imports with heavy controls, boom in both tourism revenue and remittances have helped to increase the dollar liquidity in the market, leading to the appreciation of the local currency.

The dealers said foreign investors can earn capital gain if they had bought government securities before the appreciation and now the offshore investors might be selling their bonds.

“They are also discouraged by policy rate cut because that will reduce their returns from the rupee bond investments,” a currency dealer said.

The yield in 12-month T-bills has fallen 336 basis points in the first four months of this year, the central bank data showed.

The central bank also reduced the Statutory Reserve Ratio (SRR) of commercial banks by 200 basis points in August last year to boost liquidity in the market with an aim to reduce market interest rates.

Under tough International Monetary Fund (IMF) conditions for its $3 billion loan program, the central bank raised key monetary policy rates in 2022 and last year to bring down inflation which hit over 70 percent in 2022. The inflation has fallen to the lower single digit now.

The rupee has appreciated to around 300 against the US dollar this week from around 330 level early in November. The local currency was at 365 rupees against the US dollar in early 2022. Depreciation causes capital loss for foreign investors. (Colombo/May 18/2024)

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Sri Lanka’s ‘Sancharaka Udawa’ tourist fair seeks to involve universities

ECONOMYNEXT – Sri Lanka’s ‘Sancharaka Udawa’ tourism fair kicked off this week to promote interaction between industry stakeholders and relevant Government bodies, including the Tourist Police, and also universities.

“Several universities, including Colombo, Uva Wellasa, Kelaniya, Sabaragamuwa and Rajarata were given free stalls to facilitate student interaction with industry professionals,” Chairman of the Sancharaka Udawa Organising Committee, Charith De De Alwis said in a statement.

The event takes place today (18) at the BMICH and houses stalls for hoteliers, tour and transport services, with a goal of attracting 10,000 visitors.

Organized by the Sri Lanka Association of Inbound Tour Operators (SLAITO) and the Sri Lanka Tourism Promotion Bureau (SLTPB), the 11th edition of Sancharaka Udawa offers a platform for both B2B and B2C sectors.

“Sancharaka Udawa houses over 170 exhibitors and a footfall of more than 10,000 visitors,” De Alwis said.

This year’s edition will include participants from outbound tourism sectors to facilitate capacity building. The event provides networking opportunities for industry newcomers and veterans.

“The networking platform offers opportunity for small and medium-sized service providers integrating them into the broader tourism landscape. The anticipated outcome is a substantial increase in bookings particularly for regional small-scale tourism service providers.” (Colombo/May18/2024)

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Sri Lanka’s CEB sells LTL shares to West Coast IPP for Rs26bn

ECONOMYNEXT – Sri Lanka’s state-run Ceylon Electricity Board has sold shares of an affiliate to West Coast Power Company Limited, an independent power producer giving profits of 25.9 billion rupees in the March 2024 quarter, interim accounts showed.

The sale has been carried out as a transfer.

“Twenty-eight percent (28-pct) of share ownership of CEB within LTL Holding’s equity capital has been transferred to West Coast Power Company Ltd for a total consideration of Rs 26 billion as part of a partial settlement of outstanding dues…” the March interim accounts said.

“This transaction resulted in a net gain of Rs25.9 billion rupees which has been recognized and reflected in the ‘Gain from Share Disposal’ in the individual financial statement in CEB.”

LTL Holdings is a former transformer making unit of the CEB set up with ABB where the foreign holding was sold to its management.

The firm has since set up several IPPs.

West Coast Power operates a 300MW combined cycle IPP in Kerawalapitiya promoted by LTL group liked firms in which both the Treasury and Employees Provident Fund also have shares.

Its operational and maintenance contract is with Lakdhanavi, another private IPP. The firm has been paying dividends.

The capital gain from the transfer of shares helped the CEB post profits to 84 billion rupees for the March 2024 quarter.

CEB reported gross profits of 62.7 billion rupees from energy sales and 30.6 billion rupees in other income and gains in the March 2024 quarter. Other income was only 3.1 billion rupees in last year. (Colombo/May18/2024)

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