2023-09-20
News Categories : Committee News
Hon. Wajira Abeywardana stated that when the Central Bank declared financial bankruptcy, an entire country failed.
The Member of Parliament stated the above when the Select Committee of Parliament to Investigate Causes for Financial Bankruptcy declared by the Government and to Report to Parliament and Submit its Proposals and Recommendations in this regard met recently (Sep. 15) Chaired by Hon. Sagara Kariyawasam in Parliament.
Hon. Wajira Abeywardana and the former Central Bank Governor Ajith Nivard Cabraal were called before the Committee.
The statements made by the Member of Parliament Hon. Wajira Abeywardana on September 1st, 2022 and February 10th, 2023 regarding financial bankruptcy were inquired at the Committee meeting held.
Addressing the Committee Hon. Wajira Abeywardana pointed out that according to the Constitution, the power of financial control vets with the Parliament and because of follwoing a wrong process, the Central Bank declared the country's financial bankruptcy on 12.04.2022. The Parliamentarian pointed out that as a result of this, the whole country fell into trouble.
Hon. Wajira Abeywardana pointed out that in the first quarter of 2022, $3.9 billion was to be paid and by April 8th, 2022, $3.2 billion had been paid. He pointed out that by April 12th, about 70 million dollars had to be paid to China and in that context, the Central Bank declared financial bankruptcy on April 12th effortlessly. The Parliamentarian pointed out that this is a wrong process and this should not have happened and there was potential to get support from the private sector and pay this amount. As a result, he pointed out that a large number of officials of the Central Bank are responsible for the situation in the country and certain individuals were not standing by Sri Lanka at that point in time. Therefore, the Member of Parliament further mentioned that people who stand with Sri Lanka should be given a high chair.
He also quoted a statement made by the current President, Hon. Ranil Wickremesinghe, on April 8th, 2022, when he was a Member of Parliament. He also commented on the submission of about 70 amendments to the recently presented Central Bank Act by the Supreme Court.
Addressing the Committee, the former Central Bank Governor Ajith Nivard Cabraal pointed out that the declaration of financial bankruptcy was the result of a long-term effort by several groups. The new Central Bank Governor declared financial bankruptcy on the first day of his appointment, i.e. April 12th, he said. He also pointed out that this is a declaration of debt default made without any national or institutional level discussion.
The former Central Bank Governor Ajith Nivard Cabraal pointing out 3 main points in particular and accordingly, indicated that the announcement of financial bankruptcy on April 12th, 2022, how the bankruptcy took place and the fall in the value of the rupee will be discussed here. He explained at length how the declaration of financial bankruptcy was made on April 12th, 2022, and stated that he would elaborate on the other two points on a future date due to time constraints.
The Committee Chair, Hon. Sagara Kariyawasam, stated that there is an opinion that the governor of the Central Bank ran away at a difficult time for the country and he needs to give an explanation in this regard. Former Governor Ajith Nivard Cabraal said that on 03.04.2022, all the Cabinet Ministers met and took a decision to resign from the Cabinet and because he was also present at this occasion, he too felt obligated to take the same decision. But he pointed out that it does not amount to running away.
The Committee Chair, Member of Parliament Hon. Sagara Kariyawasam stated that it is important to get a good understanding regarding this matter so that something like this does not happen in the future.
Minister Hon. (Mrs.) Pavithradevi Wanniarachchi, Members of Parliament Hon. S. B. Dissanayake, Hon. Jayantha Ketagoda, Hon. (Dr.) Major Pradeep Undugoda, Hon. Sanjeeva Edirimanna, Hon. Nalaka Bandara Kottegoda were present at the Committee meeting held.
2025-03-24
Priority given to detecting unimplemented Committee recommendations of 4 Committees including COPE, COPA The Committee Appointed to Review Non-implementation of the Recommendations of the Parliamentary Committees, met for the first time on the 21st of March under the chairmanship of Hon. Minister Harshana Nanayakkara, Attorney at Law, at the Parliament. Accordingly, discussions were held regarding which unimplemented Committee recommendations should be prioritized for review. The Committee focused on examining the non-implementation of Committee recommendations issued by the Ninth Parliament. Among these, priority was given to reviewing the unimplemented recommendations of the Committee on Public Enterprises (CoPE), the Committee on Public Accounts (CoPA), the Committee on Public Finance (CoPF), and the Committee on Public Petitions. The Committee Chair stated that the Committee expects to take necessary steps to expedite the implementation of the unimplemented Committee recommendations by connecting with the respective officials responsible of carrying out the tasks. Hon. Deputy Minister Sunil Watagala, Attorney at Law, Hon. Members of Parliament Ravi Karunanayake, Ajith P. Perera, Oshani Umanga, and parliamentary officials were present at this Committee meeting held.
2025-03-24
Although the former chairman stated that the series of programs, including the Smart Youth Exhibition, were carried out following a survey report, the council does not have such a report – officials of the National Youth Service Council states Provide a full report on the 3 committees that provided compensation to officials who faced complications due to political reasons, disregarding a cabinet decision – COPE Subcommittee The COPE Sub-Committee disclosed that Sri Lanka Youth Services (Pvt) Ltd, a subsidiary of the National Youth Services Council, had registered as a supplier and submitted price quotations to the council at higher rates. The matter emerged at the COPE Sub-Committee meeting chaired by Hon. Member of Parliament Chandima Hettiarachchi, which met recently (Mar. 19) in Parliament to review the Auditor General’s reports for the years 2022 and 2023, the current performance, and the progress of implementing recommendations made during the Committee on Public Enterprises (COPE) meetings held on February 18th and 20th, 2025. During the meeting held, the Sub-Committee inquired officials regarding the recommendation given to former Chairman of the Council Mr. Pasindu Gunaratne to provide all video footage related to the Smart Youth program, including the musical concert held. Officials informed the Committee that the relevant video footage had been handed over. The Committee extensively inquired regarding the payment of Rs. 120 million paid to the respective production entities for this purpose. It was disclosed that Sri Lanka Youth Services (Pvt) Ltd., a subsidiary of the National Youth Services Council, had obtained the contract at a higher cost and then outsourced the work to other institutions. Furthermore, although the former chairman stated that the Smart Youth program and exhibition had been conducted following a survey report, officials of the National Youth Services Council informed the Committee that no such report was available with them. The Chair of the Sub-Committee stated that a massive financial fraud had occurred in the conduct of the Smart Youth program. He instructed officials to conduct an independent investigation at the Ministerial level and submit a comprehensive report to the Sub-Committee within three months. He also directed the National Youth Services Council to conduct its own investigation and take legal action accordingly. Furthermore, the Committee discussed the issue of compensation payments to 40 officials who had faced complications due to political reasons. A Cabinet decision had been issued to appoint a committee of retired officials to handle these payments, but instead, three separate committees had been appointed by the council to grant compensation. The Sub-Committee instructed officials to submit a full report within two weeks, detailing the names of the officials who received compensation, the amounts paid, the dates of promotions, the dates of payments, the dates of approvals, and the names of officials who made the decisions. Moreover, the Committee extensively discussed a complaint regarding a diploma awarded by the National Youth Services Co-Operative Society Ltd (NYSCO). It was revealed that the Sri Lanka National Youth Services Council had no involvement in this diploma program operated by NYSCO. The Chairman of the National Youth Services Council further stated that NYSCO was no longer under the council’s control. Additionally, it was disclosed that the age limit for selecting the General Manager of NYSCO, which was previously set at 35 years, had now been raised to 50 years. The Chair of the Sub-Committee emphasized that the National Youth Services Council's name should not be misused and directed the council’s board of directors to investigate and take necessary actions. Furthermore, he instructed the Secretary to the Ministry to summon NYSCO’s top officials for an inquiry and stated that the Sub-Committee’s recommendations on this matter would be forwarded to the Cooperative Commissioner for necessary action. The Sub-Committee also held extensive discussions on the submission of annual reports and financial statements of the National Youth Services Council and Sri Lanka Youth Services (Pvt) Ltd to Parliament within the stipulated timeframes, as well as the proper functioning of audit and management committees. The meeting was attended by Hon. Members of Parliament Samanmali Gunasinghe, Jagath Manuwarna, Asitha Niroshana Egoda Vithana, Lakmali Hemachandra, Attorney at Law, Auditor General Mr. W.P.C. Wickramaratne, and several other officials.
2025-03-24
The Committee on High Posts, which met in Parliament recently (Mar. 21), has approved the nominations to appoint two Ambassadors and a High Commissioner. The Committee also approved the nomination to appoint the Permanent Representative of Sri Lanka to the United Nations in New York, United States of AmericaAccordingly, the nominations of Mr. Ratnayake Mudiyanselage Mahinda Dasa Ratnayake, to be appointed as the Ambassador of Sri Lanka to the Republic of Cuba and Professor Pivithuru Janak Kumarasinghe, to be appointed as the Ambassador of Sri Lanka to Japan were approved by the Committee on High Posts.The nomination of Mr. Senadheera Dumunnage Nimal Upali Senadheera, to be appointed as the High Commissioner of Sri Lanka to the United Kingdom of Great Britain and Northern Ireland was also approved by the Committee on High Posts.Furthermore, the Committee on High Posts approved the nomination of former Chief Justice Jayantha Chandrasiri Jayasuriya P.C to be appointed as the Permanent Representative of Sri Lanka to the United Nations in New York, the United States of America.Committee on High Posts which met under the patronage of the Hon. Prime Minister Dr. Harini Amarasuriya, was attended by Hon. Bimal Rathnayake, Hon. Kumara Jayakody, Hon. (Dr.) Anil Jayantha, Hon. (Dr.) Hiniduma Sunil Senevi, Hon. (Dr.) Hansaka Wijemuni, Hon. Dayasiri Jayasekara, Attorney at Law, Hon. (Mrs.) Chamindranee Kiriella, Attorney at Law.
2025-03-24
The actions taken by the Department of Motor Traffic regarding the 25 audit observations as per the recommendations of the previous COPA are unacceptable. Conduct a formal investigation again by appointing an independent team – COPA recommends. The government incurs a loss of 6.2 million due to the Department of Motor Traffic fraudulently issuing vehicle registration certificates for unused blank numbers –COPA disclose A loss of Rs. 122 million due to registration of other vehicles with cancelled foreign diplomatic vehicle numbers – Auditor General Due to the failure of charging the prescribed fees for the registration of 296 motorcycles falling under the engine capacity category of 201 to 450, the government has incurred a loss of Rs. 78.15 million. Additionally, it was disclosed at the Committee on Public Accounts (COPA) that 3,088 motorcycles had been registered without Cabinet approval and without the necessary legal documentation required for registration. This matter was discussed during a recent meeting of the Committee on Public Accounts (COPA), chaired by Hon. Member of Parliament Aravinda Senaratne, held on the 21st of March at Parliament. The discussion focused on the Auditor General's reports for the years 2020, 2021, 2022, and 2023 pertaining to the Department of Motor Traffic and its current performance. Although the Department of Motor Traffic had been summoned previously before the Committee on 10.03.2025 to discuss the concerns related to it, it was sent back due to a lack of proper preparation. Furthermore, the Committee on Public Accounts also inquired into the implementation of the recommendations issued during the COPA meetings held in 2019. A detailed discussion took place regarding 25 points presented by the Auditor General concerning illegal vehicle registrations that had occurred before the integration of the Sri Lanka Customs computer system. Investigations conducted on this matter and the disciplinary actions taken against the responsible officials by the Department of Motor Traffic were also reviewed. During this discussion, the committee expressed strong disapproval of the department’s failure to take any disciplinary action against the relevant officials. It was emphasized that the reports submitted in this regard were entirely unsatisfactory. As a result, the Chairman recommended that immediate disciplinary measures be taken and that an independent team of officials be appointed to conduct the necessary investigations. COPA also paid attention to fraudulent vehicle registration certificates issued by incorporating the engine and chassis numbers of illegally imported vehicles into pre-existing registered vehicle numbers. It was revealed that this had resulted in a loss of Rs. 1.2 billion to the government. Additionally, the committee examined the fraudulent issuance of vehicle registration certificates for unused vacant registration numbers by the Department of Motor Traffic, which had caused a loss of Rs. 6.2 million to the government. Moreover, the misuse of diplomatic vehicle registration numbers to register other vehicles had led to a financial loss of Rs. 122 million. The Auditor General emphasized the importance of making the public aware of these matters. Following an inquiry into the corruption, fraud, and irregularities that have occurred within the Department of Motor Traffic, the committee recommended that disciplinary actions be taken against all responsible officials and that the progress of these actions be reviewed monthly. It was also recommended that the relevant legal enforcement authorities take necessary steps to implement the law regarding any criminal activities that had taken place. The meeting was attended by committee members, including Hon. Deputy Ministers Major General (Retd.) Aruna Jayasekera, Sugath Tilakaratne, Sundaralingam Pradeep, Nalin Hewage and Hon. Members of Parliament, J.C. Alawathuwala, Rohitha Abeygunawardena, Hector Appuhami, Kaveendiran Kodiswaran, Manjula Suraveera Arachchi, Attorney-at-Law Sagarika Athawuda, Oshani Umanga, Ruwanthalaka Jayakody, Susanta Kumara Navaratne, Chandana Suriyaarachchi, (Dr.) Janaka Senaratne, Chanaka Madugoda, T.K. Jayasundara, Dinindu Saman, and Lal Premanath, along with several government officials.
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