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Sri Lanka's largest ever Scam - 2015 Bond Scam බැඳුම්කර වංචාව committed by UNP Leader Ranil Wickremesinghe, Arjuna Mahendran, Arjun Aloysius and Ravi Karunanayake on 27th February 2015 under 'Good Governance' Regime
Sri Lanka’s biggest ever economic scandal that happened under the 'Good Governance' rule of President Maithripala Sirisena and Prime Minister Ranil Wickremesimnghe, the Bondscam of 27th February 2015 created a useful platform for researchers, analysts and opinion makers to analyse, debate and comment on this unsavoury subject for over 4 months. Since the primary analysis has already been done, the priority now seems to be to uncover the latent aspects of this scam so that the country could cut the losses and bring the master-mind behind this scam to justice. In order to do so, it is vital that politicians, academics, intellectuals and the general public are gradually familiarized with the technical issues and economic ramifications related to this subject.
As is well known, over the past four months, various inquiries, and investigations and judicial processes in relation to this scam has been carried out by different authorities. However, based on the numerous articles and statements on this subject by interested parties, it is clear that some still do not have a thorough understanding of the different aspects of this complex issue and the subsequent masterly cover-up attempt. In addition, the magnitude of the loss arising from the Bondscam has not yet been assessed in sufficient depth, and hence, at this stage of the debate, it may be useful to carry out a study of the losses from different points of view, namely the loss to the government, the public, and the economy.
The loss to the government is mainly due to the higher interest burden arising from the unnecessary and unwarranted increase in interest rates.
Over the past few weeks, a person of high authority has embarked on a mission to stealthily brainwash people through carefully placed comments that no loss has arisen due to the Bondscam.
