Who masterminded the Central Bank gang robbery and who helped Mahendran to leave the country and abscond in hiding?
Posted on March 2nd, 2018

Sudath Gunasekara

2.3. 2018

Arjun Mahendran has left the country and now he is absconding. Now that he was not found in Singapore where is he? Is he hiding in UK, USA or in the moon as planned? Probably Ranil will know best. I believe he will never come back and he will escape the Sri Lankan law. Then what next? Are we going to leave it at that? What plans the President has up his sleeves if he has any, I doubt?

On whom are we going to fix responsibility regarding this mega robbery which has completely ruined a nation with spillover bankruptcy effects for decades and generations to come on the entire banking system in this country, the national economy and the whole nation where the per-capita loan liability is said to be already over Rs 400,000?

How the conspiracy was hatched and carried out AND BY WHOM

The whole country knows that it was Ranil Wickramasinha who brought his buddy Arjuna Mahendran to Sri Lanka and got him appointed as preplanned as the Governor of the Central Bank in spite of strong objections raised by the President, the de jure Head of the State

It was he who invited him to come offering the Governorship of the CB

It was he who got the CB under him as pre-planned, from the Finance Ministry

It was he who took full responsibility for his selection and insisted that Mahendran should be appointed, when the President objected for his request to appoint his buddy

When the matter was raised in Parliament it was Ranil who defended him in the House on 17th March 2017

It was also Ranil who introduced the new system of Bond auctions as revealed by Arjuna Mahendran before the commission in his evidence

It was also Ranil who got the President to dissolve Parliament in August 2017 a day before the Dew Gunasekara COPE Report was to be presented to Parliament and thereby avoided the Report being debated in Parliament.

(This lapse led to the second Bond Scam the subject of the present debate)

He also appointed his own commission of Party lawyers and got Mahendran exonerated before the President appointed his Commission

Then he also wanted Mahendran appointed for a Second term which the President refused and got Coomaraswamy appointed

After that Ranil appointed Mahendran to another high post under his Ministry disregarding and ignoring his highly questionable role in the CB scam and also ignoring the President, probably thinking that it was he who got Mr Sirisena elected as the President, which is partly true.

When he was asked to give evidence before the Commission he got the Commissioners to send him a list of questions to be asked AT THE INQUIRY in advance carefully prepared, so that he can come prepared to answer them, perhaps designed to exonerate him.  This is like the Commissioner of Examinations sending the Question papers to a candidate and accepting his answer scripts at the examiners home and pass him with distinction. What is more he got his own Attorney General to lead his evidence, who did a shoddy job to save his master.

He also got Ravi Karunanayaka the Finance Minister his confidante and Deputy Leader of the UNP to instruct all State Banks to bid at the auction at lower interest ( 9.5%) so that Ajun Aloysius, who was perhaps advised in advance either by Mahendran his father-in-law who was living with him in his home  or jointly by Ranil and Mahendran to quote 12.5 % interest as pre-planned.

He was also responsible for increasing the 10 billion to 40 billion as Mahendran has revealed in his evidence before the Commission

It was also he who got Sujiva Serasinha, the Author of the infamous Book on CB SCAM, and got him appointed to the COPE as a member.

It was also he who sent Mahendran to Singapore when dark clouds were gathering over the sky.

(It is beyond comprehension how and why a suspect of such a crime was allowed to leave the country by the Custom Authorities, unless there was some powerful intervention behind it). Ranil should know better than anybody else as to how he left Katunayaka Airport without any problem. Ranil knows better than any if Mahendran is arrested and grilled by the CID and by people like Dappula Livera and Kodagoda he will spill out all the beans and the entire gang of Alibaba and 40 thieves and all others who have jointly conspired, aided and abetted in different ways assigned to them by the leader, like writing books, adding foot notes and those benefitted directly or indirectly will be exposed.

In this backdrop I don’t think this man will ever come to Sri Lanka. The perpetrators must have done their homework so that he could be kept in hiding safely.

Why can’t the President or law enforcing authorities take action against Ranil taking these commitments as evidence of serious crimes and take action accordingly? Of cause one could argue that he cannot be treated under that law as he has not duly singed a personal bond in court to that effect. Can’t his undertaking on behalf of Mahendran be accepted as a verbal bond under common law. I am sure what I have said here could be converted to legal jargon to frame the charges. Why can’t the President direct the authorities to arrest Ranil under a Presidential Order and keep him there at least now until he produces Mahendran before the court? Now that Ranil is in Singapore I am sure he can bring his friend in the same plane and produce in courts without any problem.

Therefore the citizens of this country who are the owners of the Central Bank should demand the President to give directions to the CID at least now to arrest the Golden brain, whoever it is, that conspired, planned and executed this crime with a gang of thieves and who is also doing everything he could, under the sun to protect Mahendran his erstwhile friend for nothing but shear political and personal gain. I don’t think anybody needs to name him. The President should know it better than anybody else. So I leave it to him to decide. I do not know whether he will take the correct decision. But as responsible citizens it is our duty by the country and its people to raise these issues for public debate. If he takes the correct decision on this issue at least now I have no doubt that he will at least partially emerge out of the abysmal political mire in to which he has fallen, not because of anybody else’s fault, but only of his own fault and lapses and lack of far sight.  It will also open the doors for an entirely a new political culture in this country, free from corruption and misgovernment, which the people of this country have been desperately dreaming for decades.

Those of you who read this will know many more involvements and finer points than I do. I beg your pardon for shortcomings in this note.

PS:The background for his selection

Mahendrans are Ranil’s Family friends and strong UNP supporters. Mahendran is also said to be his school mate at Royal. He has been appointed to several posts even in 2001 when Ranil became PM. During that time he also appointed Charless Mahendran, Ajun’s farther to the UN.  While he was there he is supposed to have given some vital secret information to Ranil bypassing Chandrika, over which Chandrika got damn annoyed and dissolved the Parliament making room for the 2004 General Elections that routed Ranil’s Government and sent him to the opposition. It is in this background one has to understand as to why Ranil brought Mahendran to the Central Bank.

In this back drop, there couldn’t be the slightest doubt that Ranil should know where Mahnedran is hiding. As such it is his bounden duty as well as legal obligation to produce him before the CID, failing which action has to be taken against him. This I believe is the responsibility of the President. Here the President has to transfer back the CB to the M/Finance at least now without allowing the chicken pen to be under a cunning fox.

10 Responses to “Who masterminded the Central Bank gang robbery and who helped Mahendran to leave the country and abscond in hiding?”

  1. Nanda Says:

    Ranila , with the consent of Maithiripala Sirisoma.

  2. Christie Says:

    Sirisena is the Executive President of the Socialist Republic of Sri Lanka.

    He is the person who is finally responsible for appointing the Governor of the central Bank.

    It does not matter what others did or aid.

    The responsibility lies with Sirisena and no one else.

    All these COPE and commissions are just throwing sand in your face the people of the country.

    Where Mahendrans’ balls are not the question, but where is the loot?

  3. Cerberus Says:

    Thank you, Mr. Gunasekera. Ranil is supposed to be from a good family, with good connections etc. He struts around in a suit as if he is better than all the others. Yet he is an absolute fraud. He has always associated with thugs and crooks. His closest buddy at one time was Gonawela Sunil. Please see the following:


    If not for the West propping him up he would have been long gone from Politics. He has no love for the people or for the country. His loyalty is like that of CBK only to the powers who prop him up.
    His policies of selling off all the well run Govt agencies to foreigners is a disaster for Sri Lanka. Knowing foreign Corporations they will bend the laws, destroy the environment, and enslave the people, corrupt the politicians in search of profits. India has good experience of this with East India Company and the Union Carbide Corporation. We are better off letting good-hearted Sri Lankans who love the country and the people run these institutions. Having worked with many Govt agencies I know that while they may not have been very efficient they did not destroy the environment and country. They tried hard to do the best they could with limited resources.

  4. L Perera Says:

    The bond scam was A CRIME AGAINST AN ENTIRENAtION. Why is the HAGUE silent about It.???

  5. ranjit Says:

    Current Yamapalanaya government is in a hurry to to put members of the last government, Buddhist priests,war heroes, learned pundits behind bars for petty offences while the ruling elite go Scott free after looting the central bank and from other government projects in millions. Sirisena should be answerable to all these irregularities as he was the head of the government. He cannot just escape. He and Ranil are the two masterminds behind all thefts happened during their tenure in office. They are playing with fire therefore they shouldn’t be given any pardon for their intentionally done big big robberies. Justice must be done without any questions. Even a small child knows that they are guilty. Our people shouldn’t believe these yamapalaka yamaballo anymore because they continuesly cheating and lying to the people in this country. We have to branded these three Ranil Chandrika and Sira as traitors to Motherland for their negative actions and policies. People’s power won’t be too far to teach these stooges a lesson not to forget.

  6. Ananda-USA Says:

    L. Perera: As I understand it, The Hague is interested only in prosecuting war crimes, not in prosecuting economic crimes.

    Christie: I AGREE with you: The BUCK STOPS at the Presidents Desk!

    Although the PARA-GATHI AGA-MATHI orchestrated the Bond Scam for the BENEFIT of his Party to build up a war-chest to PERPETUATE its HOLD ON power, to personally BENEFIT its leaders, and later to COVER UP the Bond Scam, as the CHIEF EXECUTIVE it was Srisena’s BOUNDEN DUTY to PROTECT the Nation.

    This the PANA-NATHI JANA-PATHI FAILED to DO even when it was MADE CRYSTAL CLEAR to him.

    IN FACT, not only did he FAIL to doHIS DUTY, but he AIDED & ABETTED the Bond Scammers by ENDING the Parliamentary Session just when the COPE REPORT was about to be PRESENTED in Parliament indicting all those responsible for it.

    In doing so, Sirisena made himself CRIMINALLY CULPABLE!

  7. Ananda-USA Says:

    The Chief Thief Ranil Baba (Leader of the 40 Thieves) is visiting Singapore for “Trade Discussions”!.

    Forget about Trade Discussions, the MORE IMPORTANT QUESTION is will he be able to STRIKE A DEAL with his Royalist pal and BOND SCAM Bank Robber, the ABSCONDING Chief of his Central Bank, Arjun Mahendran, to RETURN to Sri Lanka and face the music at the CID??

    Colombo Fort Magistrate yesterday set a DEADLINE of March 8, 2018 for Mahendran to RETURN to Sri Lanka and present himself to the CID!

    WILL HE trust the Chief Thief and DO IT, and place his head under the GUILLOTINE of Sri Lankan Law while that same Mastermind temporarily holds the reins of the Law & Order Ministry of Sri Lanka, or will he tell Wikunanasinghe, the Chief Beneficiary of the Bond Scam, to go TAKE A JUMP into the Indian Ocean and HIDE UNDER Singaporean Law?

    Keep TUNED IN FOLKS, for the NEXT EPISODE of Ranil Baba and the 40 Thieves!

    OPEN SESAME to the PRISON DOORS to WELCOME Ranil Baba and his 40 Thieves to EXTENDED VACATIONS at Govt Expense
    Sri Lankan PM, Singapore Trade & Industry Minister hold discussions
    Fri, Mar 2, 2018, 01:01 pm SL Time, ColomboPage News Desk, Sri Lanka.

    Mar 02, Singapore: Sri Lanka’s Prime Minister Ranil Wickremesinghe met with Singapore’s Minister of Trade and Industry, S. Eswaran at the Four Seasons Hotel in Singapore today (02) for discussions on strengthening the bilateral trade and investments.

    During the discussion both the Sri Lankan Premier and Singapore Minister stressed the need to strengthen trade and economic relations between the two countries based on the Free Trade Agreement signed between Singapore and Sri Lanka earlier this year.

    Mr. Eswaran also noted that the Government of Singapore was grateful for Premier Wickremesinghe’s contribution to finalize the Free Trade Agreement between Singapore and Sri Lanka.

    Discussions were also held on the possibility of taking expeditious steps to facilitate the business affairs of the investors as there are a number of Singapore investors expecting to invest in Sri Lanka as a result of the FTA between the two countries.

    The Premier is in Singapore to participate in this year’s first Investor forum ‘Invest Sri Lanka’ held today at the Four Season’s Hotel. Prime Minister Wickremesinghe delivered the keynote address at the Forum today.

  8. Henry Says:

    The depths to which Sri Lanka has fallen in terms of the government it has chosen is unimaginable and beyond belief considering the educational and cultural level of her people. As the administrators of a respected country with a history of several thousand years, the present government has set records of infamy, mendacity and worst of all, total disrespect and disregard for the people of the country. I would say it is laughable except for the fact that it is deadly serious. It seems to me that democracy has in essence been totally violated, and brought to its knees.

    The Central Bank Bond issue is an act of the highest possible treason, an act of warfare, not much different from what the LTTE was doing against the people, most of whom are making an honest attempt to survive. As far as who was responsible for this cataclysmic chain of events, the answer is obvious: it is the entire government-the President, the Prime Minister, the Finance Minister and everyone else in the government, whose sacred duty was to defend the people from such flagrant acts. Whether it was through commission or omission, the whole government is responsible for this, I repeat, treasonous act. Therefore it is imperative that the government resign and give the people a chance to rectify the mistake that they made in being taken in by totally hypocritical and insidious -as has been proved beyond doubt- promises such as “Yahapalanaya.”
    The news item from the Colombo Page news desk about the Prime Minister’s visit to Singapore to participate in an ‘Invest Sri Lanka’ forum sounds so ridiculous that I’m going into hysterics. Give me a break, Mr. PM, if you plan to hang on to power until your term ends, please leave economic matters alone, for you are the last person who can or should be entrusted with the job. You’ve ‘helped’ the economy enough by letting your pals into the inner sanctum of the country’s economy to do what they pleased with the people’s money.

  9. Christie Says:

    Thanks Ananda USA.

    When Raj Rajaratnam committed frauds similar to the Treasury Bonds frauds USA law enforcement authorities got in to action immediately. USA did not appoint Senate Committees like our COPE to hood wink the people.

    Money is gone and the fraudster is gone.

    We in the country blames each other mainly Sinhalese and fight among ourselves.

  10. Nanda Says:

    අර්ජුන් මහේන්ද්‍රන්ගේ බිරිඳ සිංගප්පූරුවේදී රහසිගතව අගමැති රනිල් හමුවෙයි.

    March 4, 2018 බැදුම්කර වංචාව

    අග්‍රාමාත්‍ය රනිල් වික්‍රමසිංහ මහතා මේ වනවිට සිංගප්පූරුවේ නිළ සංචාරයක නිතරවෙමින් සිටින අතර එහිදී මහ බැංකු හිටපු අධිපති අර්ජුන් මහේන්ද්‍රන් මහතාගේ බිරිඳ සහ අගමැතිවරයා අතර හමුවක් මේ වනවිට රිමාන්ඩ් බන්ධනාගාරගතව සිටින අර්ජුන් ඇලේසියන් මහතාට ඇප ලබාගැනීමේ අරමුණෙන් සිදුව ඇති බව වාර්තා වේ. ලබන සතියේ ඔහු උසාවියට ඉදිරිපත් කලවිට ඇප ලබාදීමට නීතිපති දෙපාර්තමේන්තුවේ විරෝධයක් නොමැති බව අධිකරණයේදී ප්‍රකාශ කරන ලෙස මෙහිදී ඇය රනිල් වික්‍රමසිංහ මහතාගෙන් ඉල්ලා තිබේ.
    වික්‍රමසිංහ මහතා සිංගප්පූරුව වෙත ලඟාවීමෙන් අනතුරුව මහේන්ද්‍රන් මහතාගේ බිරිඳ අවස්ථා කිහිපයකදීම අගමැතිවරයා අමතා ඇති අතර ඇය ඉල්ලා ඇත්තේ කෙසේ හෝ හමුවීමට අවස්ථාවක් ලබාදෙන ලෙසයි. අගමැතිවරයා හමුවී ඇති ඇය ඉල්ලා ඇත්තේ සිය බෑණා කෙසේ හෝ ඇපමත නිදහස් කරන ලෙසයි. ඇලෝසියස් ඇපලබා එළියට පැමිණීමෙන් අනතුරුව ඉතිරි කටයුතු තමන්ට සිදුකර ගත හැකි බවත් ඒ නිසා කෙසේ හෝ ඔහුට ඇප ලබාගැනීමට මැදිහත් වන ලෙසත් මහේන්ද්‍රන් මහත්මිය අගමැතිවරයාගෙන් ඉල්ලා තිබේ.
    මේ අතර රජයේ ආරංචිමාර්ග පවසන්නේ ලබන සිකුරාදා හෝ ඉන් පසු ආසන්නතම දිනකදී අර්ජුන් ඇලෝසියස්ට ඇප ලැබීමට නියමිත බවයි. ලබන සිකුරාදා ඇලෝසියස් වෙනුවෙන් පෙනීසිටින නීතිඥවරුන් අධිකරණයට ඇප අයදුම්පතක් ඉදිරිපත් කිරීමට නියමිත අතර ඒ සඳහා අධිකරණයෙන් ඔවුනට යහපත් පිළිතුරක් ලැබෙනු ඇති බව ද වාර්තා වේ.

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