President appoints commissions to probe political victimization, ETI issue
Posted on January 11th, 2020

Courtesy The Daily Mirror

President Gotabaya Rajapaksa has appointed two commissions to probe alleged political victimization that took place from 2015 to 2019 and on alleged financial irregularities of the Edirisinghe Trust Investment (ETI) Limited.

The Presidential Commission appointed to look into the alleged political victimization during the previous government’s tenure is chaired by retired Supreme Court Judge Upali Abeyratne. The other members of the commission are retired Court of Appeal Judge Daya Chandrasiri Jayatilleke and retired IGP Chandra Fernando.

Accordingly, the Commission has been empowered to look into the alleged political revenge on government officials, employees of state corporations, members of the armed forces and the police during the period from January 8, 2015 to November 16, 2019.

Meanwhile, the Commission to inquire into the alleged irregularities and malpractices of the ETI is chaired by retired Supreme Court Judge K.T. Chithrasiri and the other members are retired Solicitor General Suhada Gamlath and Senior Banking Officer D.M. Gunasekara.

The Commission has been mandated to look into ETI Finance Ltd’s misconduct when the Central Bank intervened to settle the funds of the depositors by selling assets and ETI’s decision to sell a media company to several foreign companies in violation of domestic laws.

The extraordinary gazette notification issued by the President in this regard enumerated that ETI’s assets include Swarna Mahal Financial Services, EAP Broadcasting, EAP Films and Theaters Limited, Hotel Sapphire, Swarna Mahal Jewelers and ETI Finance.

The President has ordered the Commission on ETI to submit its report within three months. (Lahiru Pothmulla)

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