header logo
Vallibel FD
vallible LE
Latest
Former officials stashed billions abroad - Rajitha
Mar 20, 201508:05 AM
Former officials stashed billions abroad - Rajitha
Mobitel inner 1278

Sri Lankan investigators have located more than $US2 billion ($2.6 billion) that was secretly transferred to accounts in Dubai by figures close to the administration of former president Mahinda Rajapaksa, the government said on Thursday.

 

 

 

Cabinet spokesman Rajitha Senaratne said the funds represented about of fifth of the total amount of so-called “black money” that the authorities suspect was illicitly stashed abroad.

 

 

 

“We have information that more than $US10 billion, more than our country’s foreign reserves, is kept outside the country by those closely related to the last government,” he said.

 

 

 

A former top official in Mr Rajapaksa’s administration dismissed as “nonsense” the government’s suggestion that the money found was evidence of corruption.

 

 

 

President Maithripala Sirisena, who defeated Mr Rajapaksa in a January election, has ordered an investigation into all financial deals sealed by his predecessor. Mr Rajapaksa and his former government officials have rejected allegations of corruption and nepotism and said they are ready to face any investigation.

 

 

 

Describing the accounts found in Dubai, Mr Senaratne said: “One person from a leading family held $1.064 billion. Another account under a parliament member’s name had over $500 million and a secretary to a very important person had over $500 million jointly with another person, who is very famous for corruption.”

 

 

 

Mr Senaratne did not say who held the accounts, as the probe is still under way. He said it had also identified large withdrawals, including one of $600 million, from accounts belonging to people who had worked with Rajapaksa’s government.

 

 

 

“We have given these details to US and Indian financial intelligence agencies which are helping us in the investigations,” he added.

 

 

 

His assertion was dismissed by a former government official and Rajapaksa ally, who declined to be named.

 

 

 

“In the context of money laundering, you can’t take $600 million at once,” he said,  adding that the government should name the holders of the alleged accounts.

 

 

 

“Why can’t he say the names if they have the information?” the former government official added, describing Mr Senaratne’s comments on Thursday as “absolutely nonsense”.

 

 

 

Sri Lanka’s anti-corruption body has so far barred former central bank governor Ajith Nivard Cabraal and Sajin De Vass Gunawardena, a parliamentarian close to Mr Rajapaksa, from leaving the country because of corruption complaints. Both have rejected allegations they misused public funds.

 

 

 

Mr Senaratne also said the government had cancelled an $85 million airport runway project awarded to Colombo-based Access Engineering Plc, which won a number of infrastructure contracts during Mr Rajapaksa’s time in office. No comment was immediately available from the company, Reuters reports.

 

 

 

 

 

Rajitha SenaratneMahinda RajapaksaMoney Laundering
Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
Gnanasara Thero will not be produced before court tomorrow

Gnanasara Thero will not be produced before court tomorrow

SC concludes hearing petitions challenging proposed anti-terrorism bill;

SC concludes hearing petitions challenging proposed anti-terrorism bill;

 Highest rainfall recorded in Marawila as heavy downpour continues in parts of the island

Highest rainfall recorded in Marawila as heavy downpour continues in parts of the island

 Opposition seeks parliamentary select committee to probe death of tusker 'Kawanthissa’

Opposition seeks parliamentary select committee to probe death of tusker 'Kawanthissa’

 Final rites of Most Ven. Keppetiyagoda Siriwimala Thero held with state patronage in Kandy

Final rites of Most Ven. Keppetiyagoda Siriwimala Thero held with state patronage in Kandy

Will island-wide power cuts end in three days? Govt. says situation will return to normal tomorrow

Will island-wide power cuts end in three days? Govt. says situation will return to normal tomorrow

 Namal Rajapaksa’s Secretary granted bail; Court imposes travel ban, case fixed for December

Namal Rajapaksa’s Secretary granted bail; Court imposes travel ban, case fixed for December

 More factions demand the release Gnanasara Thero; Govt. maintains it cannot override court ruling

More factions demand the release Gnanasara Thero; Govt. maintains it cannot override court ruling

Sarvajana Balaya seeks to emerge as main challenger to Govt

Sarvajana Balaya seeks to emerge as main challenger to Govt

 One-hour daily power cuts from today. Island-wide interruptions until Oct. 21 - NSO

One-hour daily power cuts from today. Island-wide interruptions until Oct. 21 - NSO

 Patali reveals details of pardons granted by President AKD. 334 prisoners pardoned in 2025 and 2026

Patali reveals details of pardons granted by President AKD. 334 prisoners pardoned in 2025 and 2026

 Protests and marches held across Sri Lanka in support of Galagoda Aththe Gnanasara Thero

Protests and marches held across Sri Lanka in support of Galagoda Aththe Gnanasara Thero

 China-backed Colombo Port logistics hub project abandoned. SLPA to pursue new facility

China-backed Colombo Port logistics hub project abandoned. SLPA to pursue new facility

President says govt will not go against Supreme Court verdicts; 'They can shout all they want'

President says govt will not go against Supreme Court verdicts; 'They can shout all they want'

Pinnacle and Chuda Manikya donated by Thailand  to Mihindu Maha Stupa ceremonially unveiled

Pinnacle and Chuda Manikya donated by Thailand to Mihindu Maha Stupa ceremonially unveiled

Lassana Flora
Lassana Flora