CBSL Bond Scam: The unanswered questions…. (VIDEO)

CBSL Bond Scam: The unanswered questions…. (VIDEO)

Written by Lahiru Fernando

01 Feb, 2018 | 8:59 pm

On the 26th of February 2015 a breakfast meeting took place at the Central Bank of Sri Lanka as a result of a discussion following the meeting of the Cabinet Sub-Committee on economic affairs,

The Breakfast meeting was attended by;

  • Arjuna Mahendran – Former Central Bank Governor
  • Kabir Hashim – The then-Minister of Higher Education and UNP General Secretary
  • Malik Samrawickrama – Advisor to the Prime Minister and UNP Chairman
  • Ravi Karunanayake – The then-Finance Minister
  • Secretary to the Treasury
  • Officials from the Central Bank of Sri Lanka
  • Officials from the Road Development Authority

The question is – What was Malik Samarawickrama’s need to attend this meeting?

Why should the UNP Chairman attend this meeting?

These have gone unanswered.

So, what was discussed at this breakfast meeting?

Raising funds for the re-payment of unaccounted RDA projects of the previous regime.

Now comes a serious question: How much was required?

According to Kabir Hashim and Malik Samarawickrama, the requirement was somewhere between 15 – 18 Billion rupees.

However, Ravi Karunanayake had a different story to tell at the commission. According to him, the requirement was only Rs. 75 Billion.

Also a letter bearing his signature and the requirement was produced to the Commission by Arjuna Mahendran’s attorney.

Clearly someone is lying about the numbers…

And most importantly, one cannot just go for a meeting a decide on to raise money.

There is a process that needs to be followed, and the process adopted by the Treasury is a lengthy one.

Say a group of people went in front of a bank for six days straight, and hold discussions. And on the 7th day, a robbery takes place.

Who is the culprit?

It is clear as day that the Bond Scam was a pre-planned and pre-determined theft.


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