Sri Lanka: AG Slightly Answers Finance Minister’s pooh-pooh

‘Media’s darling’ says he is darling only to his wife (February 7, 2017, Colombo, Sri Lanka Guardian) Auditor General Gamini Wijesinghe, one of rarest professional and wise administrative officer in Sri Lanka, yesterday said that he was darling only to his wife. Referring to a recent remark by Finance Minister Ravi Karunanayake, a man who is under fire over corruption allegations, that the AG is … Continue reading Sri Lanka: AG Slightly Answers Finance Minister’s pooh-pooh

Sri Lanka: Why is the Finance Minister scared of Auditor General?

( January 26, 2017, Colombo, Sri Lanka Guardian) Finance Minister Ravi Karunanayke participating in the debate in Parliament in connection with the Central Bank bond scam yesterday (25th) blamed the Auditor General stating he had released a report on bond transaction details to JVP Parliamentarian Bimal Rathnayaka. Mr. Karunanayake described the Auditor General as an “arrogant Government servant. However, COPE Chairman Sunil Handuneththi had clarified … Continue reading Sri Lanka: Why is the Finance Minister scared of Auditor General?

Sri Lanka: Is Finance Minister Turning Country into the Hub of Black Money?

First China & India, now the moneyed – What’s next? (January 12, 2017, Colombo, Sri Lanka Guardian) The man who earned no reputation among the ordinary citizen, the Finance Minister of Sri Lanka, Ravi Karunanayake has said that foreigners investing a minimum amount of US$ 300,000 individually in Sri Lanka would be issued with two to five year Resident Visas. He said the budget 2016 … Continue reading Sri Lanka: Is Finance Minister Turning Country into the Hub of Black Money?

Volkswagen pleads guilty to 3 charges, will pay $4.3 billion penalty

by Associated Press ( January 12, 2017, Boston, Sri Lanka Guardian) Volkswagen pleads guilty to 3 charges, will pay $4.3 billion penalty for emissions cheating and wide-ranging cover-up. The U.S. Department of Justice announced indictments Wednesday against six executives at Volkswagen AG. The charges are part of the government’s ongoing case against VW for knowingly selling diesel vehicles that didn’t meet U.S. emissions standards. All … Continue reading Volkswagen pleads guilty to 3 charges, will pay $4.3 billion penalty