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Mar 17, 2017

Pressure to release Yoshitha’s property Featured

There is pressure by an official of a top level government institution and a relative of a leading government figure to release to a buyer a property falling under a money laundering charge after it had been bought by Yoshitha Rajapaksa, second son of ex-president Mahinda Rajapaksa, and then mortgaged to a state bank, ‘Ravaya’ reports quoting FCID sources.

Undervaluing it for Rs. 65 million, Yoshitha had bought the building and land in question at Jubilee Post Road, Stanley Tilakaratne Mawatha, Nugegoda, owned by Mahinda Ramanayake and where Max TV had been operating.

Later, Yoshitha mortgaged the property to a state bank for Rs. 79 million.

After a complaint that it had been bought by black money, the FCID conducted investigations and obtained an order from the Kaduwela magistrate’s court to auction the property to recover the loaned money for the state.

However, due to unknown reasons, the auction did not take place.

The FCID has information that ex-minister Johnston Fernando has the keys to the building.

Meanwhile, a person had gone to the state bank in question and produced a cheque for Rs. 79 million to repay the loan and recover the property.

However, the bank objected, noting the court order for the auctioning of the property.

After that, an official of a top level government institution and a relative of a leading government figure are pressurizing the bank to release the property to the person who had brought the money to repay the loan.

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