FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images

Latest topics

» McDonald’s අපේ නෙමෙයි අපේ බෝස්ගේ – අබාන්ස් කියයි
by ChooBoy Today at 10:19 am

» AI Assistance for Stock Market Research and Analysis
by ChatGPT Today at 7:12 am

» Comparative Analysis of the Insurance Sector
by God Father Tue Mar 26, 2024 11:46 pm

» Sri Lanka: Why Pay Exorbitant Taxes?
by ChatGPT Tue Mar 26, 2024 10:52 pm

» LANKA CREDIT AND BUSINESS FINANCE PLC (LCBF.N0000)
by K.R Tue Mar 26, 2024 3:15 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by D.G.Dayaratne Tue Mar 26, 2024 9:11 am

» SIYAPATHA FINANACE PLC (SLFL.N0000)
by ChatGPT Tue Mar 26, 2024 7:58 am

» FINANCE AND LEASING SECTOR
by ChatGPT Mon Mar 25, 2024 6:45 am

» LOLC FINANCE PLC (LOFC.N0000)
by ChatGPT Mon Mar 25, 2024 6:36 am

» CIC HOLDINGS PLC (CIC.N0000)
by ChatGPT Mon Mar 25, 2024 6:18 am

» UNION ASSURANCE PLC (UAL.N0000)
by ChatGPT Mon Mar 25, 2024 6:15 am

» First Capital Holdings PLC: Current Financial performance and future outlook
by God Father Sun Mar 24, 2024 10:58 pm

» LankaBizz: Sri Lanka's First ever Artificially Intelligent (AI) Business and Research Assistant
by God Father Sun Mar 24, 2024 7:27 am

» HOTEL AND TRAVEL SECTOR
by ErangaDS Wed Mar 20, 2024 7:22 am

» CIC Holdings Good Times Ahead
by ashan silva Mon Mar 18, 2024 11:00 am

» EPF Fund keep eye on low P/E Shares
by K.R Mon Mar 18, 2024 8:45 am

» SINS - the Tailwind effects of a crisis hit Economy
by Hawk Eye Mon Mar 18, 2024 8:37 am

» Ceylon cold stores
by Hawk Eye Mon Mar 18, 2024 8:25 am

» Asha securities Provide buy signal for CIC
by ddrperera Fri Mar 15, 2024 1:10 am

» CSE ready for another Downtrend?
by D.G.Dayaratne Thu Mar 14, 2024 11:24 am

» LankaLAW Forum : Sri Lanka’s #1 Discussion Platform for Legal Questions and Answers
by blindhog Thu Mar 14, 2024 9:14 am

» Sri Lanka poised to benefit from demand surge for ‘non-China origin’ graphite
by samaritan Wed Mar 13, 2024 1:31 pm

» LOLC hotels
by Maharaja Tue Mar 12, 2024 2:34 pm

» AEL target price ?
by suku502 Mon Mar 11, 2024 11:26 am

» WAPO 200% UP
by LAMDA Sun Mar 10, 2024 10:33 pm

LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube

Disclaimer
FINANCIAL CHRONICLE™ Disclaimer

The information contained in this FINANCIAL CHRONICLE™ have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever. Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, FINANCIAL CHRONICLE™ blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

Further the writers and users shall not induce or attempt to induce another person to trade in securities using this platform (a) by making or publishing any statement or by making any forecast that he knows to be misleading, false or deceptive; (b) by any dishonest concealment of material facts; (c) by the reckless making or publishing, dishonestly or otherwise of any statement or forecast that is misleading, false or deceptive; or (d) by recording or storing in, or by means of, any mechanical, electronic or other device, information that he knows to be false or misleading in a material particular. Any action writers and users take in respect of (a),(b),(c) and (d) above shall be their own responsibility, FINANCIAL CHRONICLE™ its blogs, forums, domains, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental violation of securities laws of any country, damages or loss arising out of the use of this information.


AI Live Chat

You are not connected. Please login or register

World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted

4 posters

Go down  Message [Page 1 of 1]

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

(Lanka-e-News - 05.Oct.2017, 9.30PM) The World bank has acknowledged and accepted that president Maithripala Sirisena took  bribes from the Australian Co. SMEC when he was the minister of Irrigation. This was confirmed  when the World bank blacklisted that Co. on grounds of giving bribes. 
The bribe- taking of Maithripala Sirisena was for the first time highlighted by the Australian mass media last year. Maithripala in response to that most scandalous exposure only gave his characteristic answer – “I do not know’’ . However , this scandal became most grave when the world bank confirmed this , and blacklisted that Co.  
Hereunder are details ..
The World bank released a sum of US dollars 1.82 million  as aid towards Sri Lanka ‘s Irrigation project when Maithripala was the  minister of Irrigation in 2009. When the Australian Co. SMEC came  forward  for the completion of this project , Maithripala  demanded a bribe if that project was to be entrusted to that Co. According to Australian  laws, if a Co. of that country  grants a bribe to anybody of another country it is a punishable offence. Based on that, the anti corruption organization and the media of that country filed a complaint against SMEC  Co.
 
While the Australian Federal Police were investigating this , the world bank too launched an investigation. That was because the World bank views any corruption tainting the aid granted by it to countries like ours as most serious , sensitive and grave. Truly , it is the aim and objective of the world bank that countries like ours should work in conformity with the concept of good governance. The world bank in fact exerts pressures towards this in order to preclude officers down the line from plundering what are  granted legitimately .

Both the Federal police and World bank have probed into this bribery demanded by Maithripala Sirisena from SMEC if he was to grant the SL Irrigation project to that Co.  The chief of SMEC in SL was sacked  from the Co. as soon as this racket came to light  ( the email sent to the  parent  Co. revealed important details ) .
It was mentioned in that , if that project is to be granted to SMEC Co.  the coordinating secretary  or advisor must make a ‘political donation’ to the minister. Thereafter ,the parent Co. had remitted a huge sum of money to their local chief here , and that has been collected by someone , it revealed.  Where this sum was channeled finally is still a mystery .
Meanwhile, Maithripala Sirisena was elected as the good governance  president of the country , and when this accusation  came to light in the past  , he said he knew nothing about it , and that he would investigate this. However such an investigation has not so far been  initiated in SL. Instead, he began probing only into  the bond transaction.
 
In any event , since the World bank has by now confirmed that a bribe was paid by the SMEC Co. , the latter was black listed.  What led to this black listing were mainly the bribe paid to Maithripala Sirisena , and the bribe paid in respect of a Bangla Desh project by the Co. 

 ‘The Sydney morning Herald’ media of Australia published a long news report on the 4 th giving details in this regard  …
Read  ….   http://www.smh.com.au/federal-politics/political-news/turnbull-government-faces-questions-over-snowy-hydro-20-as-firm-banned-over-corruption-allegations-20171004-gyu7q4.html ) .
 
Following this exposure Maithripala Sirisena’s international image is  hugely dented. While this is  the unalloyed stark  truth,  his henchmen, hangers on and lackeys on the other hand  are making a big din about Nobel prize award prospect , and blabbering about it.

His recent UN tour debacle  further  illustrated to what extent president Maithripala’s  international image is tarnished.  Previously when Maithripala attended the UN soon after he became president , leaders like  former US president Obama came to him from their seats to meet , greet and discuss . But on his last tour  nothing of that sort took place. Maithripala on this recent tour could meet  and discuss only with five international personalities .
Of them  , two were the general secretary of the UN who is met by everyone as a routine .  The other was , UN Human Rights Commissioner . The other three personalities who met Maithripala  were , Nepal P.M. , Pakistan P.M. and US   deputy secretary of State  (political division). 
Nepal and Pakistan are two countries belonging to our zone .The other personality  who met the president was not a state leader but a state official. In other words no powerful international leader met president Maithripala on this occasion. The contributory cause for this was not only the presently dented international image of the president but even the gross organizing incompetence of the SL officers at the SL branch of the  UN  office in New York . As it is the president himself who appointed morons and misfits like A S.P. Liyanage to those posts , it is he who had to suffer the consequences thereof.
The bottom line is , the black list record confirmed by the world bank cannot be sidelined by saying ’ I do not know.’ If Maithripala amidst this scandalous and perilous situation affecting him is to still get himself involved in the  deal with wheeler dealer Kili Maharaja ,  certainly Maithripala is going to tumble into a worse despicable and disgraceful state  than the ‘Rajapakses’ whose name is now synonymous with monumental frauds and corruption. Moreover his incurring  the wrath and curse of the masses is inevitable.  It is therefore hoped somebody will tell him at least at this belated stage , no politico had reached their goals by associating with Maharaja another name for ‘Mahajara’ (dirt and dross)  .
As a media website that worked indefatigably and was largely contributory to install Maithripala as the president , it deems it is its duty to forewarn  well ahead that , if ‘Chathurikas’ are  truly loving their ‘president father’  it is best they keep  their ‘president father ‘ out from their sordid and squalid deals. As human even the greatest leaders have met with their Waterloo through inordinate greed. It is therefore the duty of the children of ‘president father’ to keep him ‘clean out’  from their rackets when he is still  at the  crease  though without any score, instead of making  him clean out for a ‘duck’.

By an LeN special correspondent 

Ryan Hudson


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Explore and find truth

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

මහින්දට දෙන්න තමයි මං මේ අල්ලස් ගත්තෙ.

මහින්ද තමයි හොරා . මම සුදනා.

මහින්ද ඒ සල්ලි වලින් රත්තරන් අස්සයො දෙන්නෙක්ම ගත්ත​.

worthiness


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Hypocrites! First cast out the beam from your eye, and then you will see clearly to cast out the splinter from the eye of your brother.
 "Mathew from Gospel"

samaritan


Moderator
Moderator

Wish if Prof.Rajiva Wijesinha publish a book titled "AGAMATHI MASSINA".World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted Icon_biggrin

Sponsored content



Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum