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The story is that the Central Bank’s lately announced 30-year Bond indicative rate has jumped from 9.5% to 12.five%. Perpetual Treasuries Capital (Pvt) Ltd, owned by and CEO is Arjun Aloysius, has bought and resold the bonds and produced millions if not billions on the identical day. Looks like an insider deal.
Also, for the duration of the last week many 5-10 year bonds at low rates were sold by CB Governors’ son-in-law Arjun’s organization and reinvested in the 30 year bond, since he had inside data from the Central Bank that the rates would go up to 12.five%.
Just before appointing Arjuna Mahendran as Governor of Central Bank, have been not Prime Minister Ranil Wickramasinghe aware of his connection with Raj Rajratnam? The Central Bank now directly comes below Ranil Wickramasinghe’s Financial Affairs and Policy Arranging Ministry.
Present CB Governor Arjuna Mahendran is a childhood friend of Raj Rajaratnam as admitted by him.
Additionally, present Finance Minister Ravi Karunanayake alleged to have received US $ 3 million from Raj Rajaratnam contravening exchange manage regulations handful of years ago. The case is getting heard in Sri Lankan Courts.
Raj Rajaratnam, who was a significant financier of the terrorist outfit LTTE, was sent to U.S. Jail for insider trading in New York.
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– by Shenali D Waduge –
What the LTTE gained from the CFA | Sri Lanka’s sovereignty betrayed |
· LTTE violated the CFA on more than ten,000 occasions · Impunity for Crimes – From 22 February 2002 to four February 2006 – LTTE ceasefire violations quantity 5464. LTTE killed 174 safety forces personnel and 388 civilians whilst 117 had been attempted murders, 620 abductions, 46 attempted abductions, 106 cases of extortion, 2199 conscriptions, 875 injury to persons, 22 instances of torture, 128 situations of intimidation (GOSL)· February 2002 to April 2005 LTTE had recruited 1200 youngsters to turn into killers · LTTE granted an official recognition by means of CFA (as very first clause mentions SL State and LTTE as equal stakeholders · CFA helped legitimize LTTE’s defacto state. · LTTE cadres had been permitted to freely move throughout Sri Lanka · LTTE got Ranil to dismantle the Army’s Long Variety Reconnaissance Unit (Athurugiriya Secure Residence) LTTE’s suicide cadres and pistol gangs ended up killing practically all of Sri Lanka’s intelligence units whose names were divulged by the UNF Govt · LTTE smuggled shipments of arms, sophisticated communication gear through SL’s own customs and there are officials and advisors even with the present Govt who had been accountable for those approvals. · These smuggled equipment helped LTTE develop an air strip with the asphalt meant for the A9 Highway, assemble small planes · LTTE even built illegal bunkers in Govt controlled areas · Ranil’s Govt gave LTTE 95% of their Eelaam and the rest the LTTE planned to safe through the ISGA/PTOMS with the former President playing Santa with Sri Lanka. |
· Constitutional violation – for Ranil Wickremasinge to sign an agreement with a proscribed terrorist· The MOU was signed without having the consent of the Individuals of Sri Lanka (much like how the same UNP Govt signed the Indo-Lanka Agreement once again with no the consent of the Individuals)· 2002 CFA was truly an unauthorized secret MOU which Ranil Wickremasinghe did not share with his personal cabinet or the President of Sri Lanka · Equating a terrorist organization with a legally established armed forces of a nation · Forcing the armed forces to shake hands with terrorists who were killers · Armed forces were continuously humiliated by LTTE · Safety Forces restricted to barracks · The free of charge access given to LTTE resulted in LTTE assassinating Sri Lanka’s intelligence unit members(violating Post 1 of CFA) · Maj. Muthalif – Army intelligence May possibly 31, 2005 · Lt. Col. T. Rizvi Meedin – Senior Military intelligence · UNF Government disclosing Sri Lanka’s lengthy range deployment members causing their deaths by LTTE who hunted them down 1 soon after the other (Millenium City Athurugiriya) · Lakshman Kadiragamar – SL Foreign Minister assassinated · Lt. Gen. Parami Kulatunga – Deputy Chief of Employees of Army killed · Journalist Sivaram (Taraki) in Colombo on April 28, 2005 killed |
By Dr Dayan Jayatilleka