AM – PM – RK
Posted on October 6th, 2017

By Lucien Rajakarunanayake Courtesy The Island

Why did the Central Bank move from direct placements to public auctions for Treasury bonds?

Because the Prime Minister – PM, who else, wanted it that way. We have the word of guess who, Arjuna Mahendran, on that. He is the AM guy.

So did it help to expand the local –T-bond market, boost investor confidence, and drive down government borrowing costs, as they said it would?

Come one, you don’t have to talk bond shit, about all that has happened.


The Crooked action that moved to the very nadir of corruption was seen in how the Chairmen of the three major national banks were treated over the Treasury bond issue.

None other than the then Minister of Finance – Ravi Karunanayake – RK – asked them to bid the lowest at two Treasury bond auctions, with the assurance there would be no higher bids, and lo and behold, there were higher bids, and from Perpetual Treasuries – a treasure house of perpetually crooked financial dealings.

You mean RK let down or in fact cheated the national bank chairmen?

It is not easy to find a simpler word for that – downright crooked cheating.

Why do you think he did such a thing?

Well, it must be for the Penthouse pleasure and comfort, worth millions that he earned, although he knows nothing about that.

So, it is a somewhat simple trail of the crooked. The PM wants the T-bonds to be on public auction; the Finance Minister – RK- tells the national bank chiefs to bid very low, and no one will bid higher, and the son-in-law of Arjuna Mahendran – AM bids much higher. This is a real Penthouse Tale.

Dammit, how much more crooked can any government get?

We are learning all this from the Presidential Commission on the T-bond frauds. Looks like we will need many more Presidential Commissions to know about the other corruption going on. But, there will be a limit to that, because, how much more can the President expose his Prime Minister?

You mean this is systemic corruption in government today?

Read the reports of the Presidential Commission sittings, especially how AM is trying to be as ignorant as RK, and even more forgetful than him.

Yeah, there is an interesting puzzle about initials – picked from the erased telephone conversations of the key people Perpetual Treasuries.

You mean the perpetually crooked dealers?

Arjuna Mahendran does not know or is not ready to accept that the initials AM in the phone calls refer to him. He even states they could refer to his daughter – who we know is Anjali Mahendran. Of course, there was nothing said whether this AM daughter knew anything about –T-Bond transactions. Possibly nothing from him, because he has said he did not discuss anything about such matters at home – or forgets about such talk, just like RK.

Didn’t the initial puzzle, as AM tried to show it was, make one Commissioner ask an interesting and humourous question?

Yes… he asked whether AM knew Angelo Mathews.

But the lawyer of AM did something more laughable, drawing attention to AM and PM in the hours of the day.

You mean without realizing he was drawing the PM into the picture?

Looks like it. The fact is that even the best lawyers are known to make such slips. He would never have thought of the PM’s order to have only auctions on T-bond, so faithfully followed by AM, leading to the crooked bank chiefs’ cheating activity by RK, which has led to all this exposure of corruption.

So where does all this lead us to?

Not anywhere else but to the crooked corruption in this yahapalana government, which was elected by the people to get rid of corruption, but has now sent down roots and put out shoots showing it to be a hugely corrupt hardwood, posing a huge danger to clean government.

What do you think should be done?

Well, we will have to await the report of the Presidential Commission. But, till then it is good to raise questions as to why Ravi Karunanayake – RK – remains a frontline member of the UNP? Is it his wealth that he boasted about in Parliament when resigning his portfolio, or is it his permanent forgetfulness about Penthouse funding?

This certainly goes beyond an initial probe into corruption. It is an exposure of the initial holders of crooked corruption.

3 Responses to “AM – PM – RK”

  1. Ananda-USA Says:

    KARUNANAYAGAM does not know who banged his wife and fathered his children either!

    He knows NOTHING, He did NOTHING, He said NOTHING,

    See the latest SL VLOG by Dharshana Handungoda on Youtube to learn KARUNANAYAGAM PROFITED from luxury car imports also!

    Aiyoooooo SIRISENAAAAA ….. where are you?

    PREACHING Democracy and slavishly shaking UNGLOVED hands of the SUDDAS while dancing the HORA-PALANA TWO-STEP with the PARA-GATHI AGA-MATHI while he LOOTS the Nation BLIND?

    Lajja NADDA?

  2. Ananda-USA Says:

    Is our ILLUSTRIOUS President a COMMITTED Buddhist, or is he a DEVOUT Hindu?

    Why are ALL of our ADDLE-PATED Leaders trooping to WORSHIP Hindu Gods?

    Don’t they have any FAITH in the Noble Triple Gem of the Buddha, the Dhamma and the Sangha, or CONFIDENCE in the teachings of the Lord Buddha ?

    Do these HALF-BAKED ACHCHARU Buddhists DESERVE to LEAD our Sinhala Buddhist Nation?

    Sri Lankan President on a pilgrimage to Tirumala Temple in India
    Sat, Oct 7, 2017, 06:53 pm SL Time, ColomboPage News Desk, Sri Lanka.

    Oct 07, Tirupati: Sri Lankan President Maithripala Sirisena accompanied by his wife Jayanthi Sirisena has arrived at Tirupati in India’s Andhra Pradesh on Saturday on a two-day pilgrimage to the famous Tirumala Hindu Temple in the sacred temple town of Lord Venkateswara.

    This is President’s third visit to the famous Hindu temple as head of the state. He previously visited in February 2015 and last year in August.

    The President and his entourage have reached Tirupati from Bengaluru by road, PTI reported.

    After an overnight stay, The President and his family were expected to participate in ‘Suprabhatha’ recitation ritual inside the temple early tomorrow, temple sources told PTI. He would leave soon after offering prayers to Lord Venkateswara, the sources said.

    Meanwhile, the district police administration had made tight security arrangements for the high-profile dignitary’s visit.

  3. Ratanapala Says:

    There is enough evidence before the public as well as in front of the law enforcing authorities to arrest and remand several individuals pending further investigations and subsequent trials before courts of Law. There is enough material now in the public sphere for the Attorney General’s Office to file charges against all those implicated, as the money involved run into Billions. It is only the other day at Hambantota several were arrested and put in remand prison for damaging public property.

    The reasons as to why this has not been done, now even after nearly two and half years since the first scam coming to light is a mystery. Or is it really a mystery knowing the forces at play? The perpetrators of the crime went onto a repeat performance on 29 March and 31 March 2016.

    The people, the citizenry of Sri Lanka has been robbed and now they are paying for the losses through higher taxes, increased interest rates, the sale of national assets etc. Apparently every single individual in Sri Lanka – now over 22 Million are indebted to the tune of Rs 50,000 because of this day light robbery. This is public money, public property and as far as I know non-bailable offenses.

    The people of Sri Lanka are waiting with baited breath when among others those named as AA, AM, RK, Hon RW, Little Johnny, Charlie, Kanishka etc will be arrested and arraigned for the alleged crimes.

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