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ETI properties sold illegally: Swarnavahini deal also questionable

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The Presidential Commission of Inquiry (PCoI), which was appointed to investigate irregularities in the Edirisinghe Trust Investments (ETI), has revealed that ETI properties had been sold illegally.

The PCoI said that money has also been laundered during the sale of the properties.

The commission has indicated that the government can seize the property and take legal action against the Edirisinghe family under the criminal law.

This PCoI was appointed in January 2020 by former President Gotabaya Rajapaksa to find out if irregularities had taken place when selling properties owned by the ETI group, with the intervention of the Central Bank, to pay back the depositors.

The Commission was headed by former Supreme Court Judge K.T. Chithrasiri and included former Solicitor General Suhada Gamlath and senior banker D.M. Gunasekara.

Meanwhile, this commission has also been entrusted to find out whether the sale of Swarnavahini media network to several companies including Ben Holdings is against the law.

The President has given instructions to relevant departments to take necessary actions regarding the commission’s recommendations.

The office-bearers of Ben Holdings at the time of the purchase of Swarnavahini. 

A threat to national security!

Meanwhile, media reports earlier revealed that the State Intelligence Service had warned that several directors of the foreign investing company which obtained shares of the EAP owned ‘Swarnavahini’ media network, have direct links with the LTTE.

On November 15, 2019, the State Ministry of Defence had informed the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) and the Ministry of Mass Media of this through the document number MOD / TEC / 01 / MGMR Network / 2019 (04).

A portion of the assets belonging to EAP Group of Companies was purchased by Ben Holdings (Pvt.) Ltd.

The company has been able to indirectly obtain 60% ownership of Swarnavahini, violating the laws and regulations of Sri Lanka.  

It was also revealed that three prominent figures at Ben Holdings (Pvt.) Ltd. have direct links to the LTTE when the company was in the process of purchasing Max TV owned by MGMR Networks.

Before the deal was processed, directors of the purchasing company required a clearance certificate from the Ministry of Defence and this information was revealed during the clearance process.

However, the security clearance process had not been required during the Swarnawahini deal because the license of the media channel was not obtained recently.

It was later revealed that Lyca Group Chairman Subaskaran Allirajah had provided funds for Ben Holdings (Pvt.) Ltd, Alex Lowell and Blue Summit Capital to obtain Swarnawahini shares.

Allirajah is also said to be a strong financial supporter of the British Conservative Party and former UK Prime Minister – John Major.

Meanwhile, Sri Lanka Mirror previously reported that there is a risk of EAP Group of Companies being confiscated based on this situation.

A post is also circulating on social media regarding this information.

The post is shown below

Interesting developments 

Meanwhile, it was interesting to note that the members of Maha Sangha presented Vishwa Keerthi, Sri Abhimana, Sri Janaranjana Deshabhimana award to Lyca Group Chairman Allirajah at the historic Sri Purvarama Vihara, Matara recently.

The award is said to be given on the basis of meritorious service, talent and conducting an exemplary life.

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Probe launched into tuition teacher’s police escort

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Sri Lanka Police have launched an investigation into a video going viral on social media, which depicts a female tuition teacher being escorted by police motorcycles and vehicles to an event organized by her.

Police Media Spokesperson SSP Buddhika Manathunga confirmed that the individual in question is a private tuition teacher who conducts classes for students preparing for the Grade 5 Scholarship Examination.

Addressing the controversy, SSP Manathunga explained that the Sri Lanka Police may provide officers and vehicles for specific public affairs — such as for filming a movie — but only after a thorough intelligence review of the request and its context, including the script.

He further clarified that police officers may also be deployed for public events such as musical shows or ticketed functions, but this is permitted only upon payment of a required fee.

In this particular case, the teacher is reported to have requested police support, claiming it was needed for a ceremony honoring students who had successfully passed the Grade 5 Scholarship Examination. The event was said to involve nearly 8,000 students and 35,000 parents.

However, preliminary investigations have revealed that the teacher may have used the police escort to boost her personal image, raising serious concerns about the misuse of state resources.

Police have since launched an inquiry into how the vehicles and officers were allocated for the event, and whether any police personnel were complicit in the unauthorized use of official resources, SSP Manathunga said.

(Source : adaderena.lk)

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SriLankan retired cabin crew amid ‘work to rule’ campaign

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According to reports, the SriLankan Airlines’ management has decided to immediately call up retired cabin crew members to service, following the ‘work to rule’ campaign launched by the Cabin Crew Members Association.

The SriLankan Airlines Cabin Crew Members Association launched a ‘work to rule’ campaign in April, citing several demands, including the reallocation of their onboard meal allowance.

In this backdrop, the national carrier is said to be operating with a reduced number of cabin crew which was further affected by the recent retirement of a significant number of experienced senior staff.

The staff were retired stating that individuals over the age of 60 would no longer be retained.

Efforts to extend the retirement age had been unsuccessful. 

Even though they had directed a formal request to President Anura Kumara Dissanayake on Dec. 12, 2024, no response was received, reports add.

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India halts Pakistan bid for SL naval drills, off Trincomalee

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Pakistan’s naval drill with Sri Lanka near Trincomalee was scrapped after India raised concerns, amid a fresh India-Sri Lanka defense pact.

Pakistan’s effort to conduct a joint naval exercise this year with Sri Lanka in the waters off Trincomalee, a port city where an energy hub is being developed with Indian involvement, was shut down after New Delhi conveyed its concerns to Colombo, people familiar with the matter said.

The joint exercise was planned in the weeks ahead of Prime Minister Narendra Modi’s visit to Sri Lanka this month, when New Delhi and Colombo signed a defence cooperation agreement (File)(PIB India/X)

The joint exercise was planned in the weeks ahead of Prime Minister Narendra Modi’s visit to Sri Lanka this month, when New Delhi and Colombo signed a defence cooperation agreement, the first of its kind, and another tripartite agreement involving the United Arab Emirates (UAE) for the energy hub at Trincomalee, including a multi-product pipeline.

The move by Pakistan, especially the proposal that the exercise be conducted in the waters around Trincomalee, was seen as a deliberate attempt to needle India, the people said on condition of anonymity. It came after Sri Lanka last year imposed a one-year moratorium on visits by foreign research vessels, a measure put in place by Colombo largely because of the activities of surveillance vessels from China, Pakistan’s long-standing ally.

Once the Indian side learnt of the planned joint naval exercise, it was taken up with Sri Lankan authorities by the Indian high commission in Colombo, which strongly conveyed New Delhi’s concerns about such activities in a region where the Indian side has important stakes, the people said.

The joint exercise was quietly scrapped by Sri Lankan authorities despite protests from the Pakistani side, the people said.

There was no word on the development from Indian officials. The officials cited above did not elaborate on the scale of the planned exercise, nor the exact dates.

In February and early March, a Pakistan Navy frigate, PNS Aslat, visited Colombo port. In the March visit, it conducted a “passex”, or passing exercise, with a Sri Lanka Navy warship in the waters off the capital before departing from Sri Lankan waters. This passex focused on communication and tactical maneuvering, according to a readout from the Sri Lankan Navy.

The Indian government has traditionally bristled at port visits to Sri Lanka by Chinese or Pakistani warships. Port visits by Chinese vessels have been more frequent, especially since Beijing controls Hambantota port under a 99-year lease.

In recent years, India has been increasingly concerned by visits to Sri Lanka by sophisticated Chinese surveillance vessels that are capable of monitoring coastal defences and tracking satellite and missile launches.The moratorium imposed by Sri Lanka on visits by such vessels last December, and the people said the Sri Lankan side is yet to take a call on dealing with visits by such vessels.

The memorandum of understanding (MoU) on defence cooperation signed by New Delhi and Colombo on April 5, during Modi’s visit for talks with President Anura Kumara Dissanayake, marked the first refresh of ties in this important sector since India’s troubled intervention in Sri Lanka’s civil war in the late 1980s, and came at a time when India has been concerned about China’s increasing presence in its strategic backyard.

The MoU will make existing initiatives for defence cooperation more structured and lead to more joint exercises and potential defence industry collaboration.

The tripartite MoU involving India, Sri Lanka and the UAE, signed the same day, will focus on developing an energy hub at Trincomalee, including a multi-product pipeline and further development of a World War 2 oil tank farm partly held by the Sri Lankan subsidiary of Indian Oil Corporation.

In 2022, the Sri Lankan government, Lanka IOC, Ceylon Petroleum Corporation (CPC) and a joint venture between the two oil firms signed lease agreements for refurbishing and developing the 850-acre oil storage facility in Trincomalee, a strategic natural harbour on Sri Lanka’s eastern coast.

The new tripartite agreement is expected to boost India’s position after Chinese state energy firm Sinopec signed a deal to build a $3.2-billion oil refinery in the southern port city of Hambantota.

(hindustantimes.com)

(This story, originally published by hindustantimes.com has not been edited by SLM staff)

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