RW & Bond Scam

Prime Minister Ranil Wickremasinghe’s direct and indirect involvement in the run-up to the Bond Scam, the execution of the Scam and the intense cover-up of the fall-out of the Scam has been established clearly via several actions. These could be summarized, inter alia as follows:


  1. Recommending and vehemently supporting the appointment of Arjuna Mahendran as the Governor in the midst of serious public protests and warmings by his own Cabinet Ministers:


  1. Requesting President Sirisena to place the Central Bank under the Ministry of National Policies and Economic Affairs where he was the Minister, in an unprecedented allocation of institutions under Ministries:


  1. Stoutly defending Mahendran immediately after the Scam, and having the Deputy Minister of the Ministry and other UNP Ministers and MP’s rushing to “support” Mahendran when the public out-cry against Mahendran and the Bond Scam was increasing:


  1. Publicly confirming that he, PM Wickremesinghe himself “insisted” that Mahendran change the system of issuing Bonds that facilitated the Scam (even though the Wickremesinghe no technical knowledge in issuing Bonds): a clear abuse of the powers of the Prime Minister:


  1. Appointing 3 UNP Lawyers to “investigate” the Bond Scam in order to relieve public pressure after the Scam was discovered:



  1. Expressing strong support to Mahendran while condemning many others in Parliament on 17th March 2015:


  1. Arranging for a UNP MP serving in COPE to immediately resign, and appointing vociferous MP Sujeewa Senasinghe to the COPE Committee, when it was known that COPE was to inquire into the Scam:


  1. Tacitly encouraging MP Sujeewa Senasinghe to write a book to justify the actions of Arjuna Mahendran and the Scam:


  1. Encouraging UNP MPs to “white-wash” the Scam at the COPE hearings chaired by MP D E W Gunasekara wherever possible and to stifle and brow-beat those who held dissenting views:


  1. Prevailing upon President Sirisena to dissolve Parliament just a day before the COPE Report was to be presented in Parliament:


  1. Tacitly encouraging and publicly supporting UNP MP Sujeewa Senasinghe to obtain a “stay order” from Court to prevent the publication of the D E W Gunasekara COPE Report:


  1. Prevailing upon all MPs of the UNP in COPE to disagree with the contents of the Handunnetti COPE Report by inserting contradictory “Footnotes” to weaken the strictures and findings as contained in the COPE Report:
  2. Prevailing upon the Ministry officials to coerce the Central Bank officials to withdraw the objections they had made to the “Footnotes” submitted by the UNP MPs to COPE:


  1. Trying his utmost to have Mahendran re-appointed for another term, notwithstanding the massive number of misdeeds that had been reported almost every day in the media:


  1. Providing a position for Arjuna Mahendran in the Prime Minister’s office in an advisory capacity, as soon as Mahendran finished his term as Governor:


  1. Attempting to give an appointment as a “Consultant to the Ministry of Finance” with emoluments and perks enjoyed by an additional Secretary of a Ministry, to P. Samarasiri (Deputy Governor and highly controversial Chairman of the Treasury Bond Tender Board who was at the centre of the Bond Scam, and who was instrumental in covering-up the ill-effects of the Scam with great enthusiasm), immediately after Samarasiri’s retirement in August 2017.


The above-mentioned direct as well as indirect involvements of Ranil Wickremesinghe would undoubtedly serve as instances of “aiding and abetting” the execution and cover-up of the massive Scam. Therefore,  it is inexplicable and shocking as to how official strictures have still not been made on Wickremesinghe misconduct and suspicious actions, and as to why legal action has still not been initiated against him, four years after the Scam had been brought to light.


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