Spinning Yarns – Recovery of Stolen or Pilfered Assets
Posted on May 5th, 2015
Prof. Hudson McLean
Bribery & Corruption Frauds have been, quite blatantly , the main theme of the current government of Maithreepala Sirisens & Ranil Wickramasinghe, with the tacit support of ex-Prresident Chandrika Bandaranaike-Kumaratunge, (My3-RW-CBK).
The numbers are staggeringly huge, for a small developing country such as Sri Lanka. However the global audience were not surprised by the Deed or by the awesome yet unproven Value.
Media coverage like the one below published in local rag is one of many-; Piltered billions to be brought back by Ranil Wijayapala http://www.sundayobserver.lk/2015/05/03/new02.asp
Now USA-UK-India, the global supporters of the governing Trio My3-RW-CBK, are giving a helping hand to recover this billions. To date, no details of the exact locations of these assets, with Bank details, and names of the holders of these accounts, are publicly known. If the Sri Lankan government (SLG) is convinced, then the SLG should come clean with the announcements.
For example: Some claims are crawling on the Internet that Vladimir Putin is the richest human on the Globe, surpassing the joint wealth of Bill Gates + Carlos Slim + Warren Buffet. So far no one has given any definite proof. Could those claimed billions belong to Putin? No one who values one’s life would dare to make such a claim.
The illusion given by the governing Trio is that, recovery of the loot will be as easy & straight forward as plucking coconuts. But the strategy, it is assumed is to engage the support of the USA-UK-India and obtain credible confirmation that the Recovery may be almost a five-to-ten (5-10) year International legal adventure.
This is in fact a political plea by the governing Trio to the Sri Lankan voter to extend their support to carry-on with the circus for the next five years, at least.
The process is well defined in International asset recovery – http://en.wikipedia.org/wiki/International_asset_recovery
In a nut-shell, the steps include—: Tracing, Freezing, Confiscation and Repatriation, only after Sri Lanka has found the pool of Stolen Assets residing in a Bank Account, and legal process is activated according to that of the country, after legal process is initiated in Sri Lanka.
It is safe to presume that no Sri Lankan businessman or politician may stand-up in a Court of Law and claim that the billions of dollars stashed in UAE or Ukraine or Singapore are proceeds from the exports of Coconut husk or Batik Sarongs to global markets.
The current political and economical climate in Sri Lanka has placed the Island in dire straits. The only main sponsor China is turning its dragons-den-of-funds towards Pakistan, ditching Sri Lanka. At least that pleases India to engage RAW to get more involved in the Northern Sri Lanka.
The governing Trio has pulled all-the-stops of getting India & USA to send their Prime Minister and the Secretary of State for photo-opportunities, in a bid to hood-wink the peasant public.
Never in the past thirty years, when Sri Lanka was covered in blood, caused by the Tamil Tiger Terrorists, USA or UK attempted to lend a hand, whilst India supported the LTTE with weapons and military assistance. NATO Member Norway actively trained and supported the LTTE Terrorists, some of whom now reside comfortably in the Fjords of Norway.
For all the “alleged sins” of Mahinda Rajapaksa, one has to weigh the balance, For-&-Against the unproven claims of corrupt practices, against the dedicated contribution the Rajapaksa regime gave to Sri Lanka during ten positive years!
Express Your Opinion – Read What Others Say!
The Independent Interactive Voice of Sri Lanka on the Internet.
Please visit -: http://www.lankaweb.com/