Corruption in Sri Lanka

Last updated

Corruption in Sri Lanka is considered a major problem in all levels of society, from the top echelons of political power to minor staff levels.

Contents

According to Transparency International's 2023 Corruption Perceptions Index (CPI), Sri Lanka scored a 34 on a scale from 0 ("highly corrupt") to 100 ("very clean"). When ranked by score, Sri Lanka ranked #115 among the 180 countries in the Index, where the country ranked #1 is perceived to have the most honest public sector. [1] Sri Lanka's score has declined every year since the 2020 Index, in which it scored 38. For comparison with worldwide scores, the best score was 90 (ranked 1), the average score was 43, and the worst score was 11 (ranked 180). [2] For comparison with regional scores, the highest score among the countries of the Asia Pacific region [Note 1] was 85, the average score was 45 and the lowest score was 17. [3]

Corruption directly affects the welfare of citizens by decreasing public investments in health, education, infrastructure, security, housing and plantations. One of the more recent forms of corruption is through public procurement because of the lack of transparency with transactions that happen within the government.

Weak whistleblower protections undermine citizens' willingness to stand up against corruption. Despite some recent institutional reforms by the government to fight corruption, whistleblower protections need to be improved. [4] The problems are long-standing, and despite ongoing calls for reform, and many attempts to improve the situation, there is little evidence of progress. [5] Most of the Sri Lankan population consider bribery to be just a fact of life and that bribing a public official is necessary to get most jobs done. [6]

Officials and politicians who have been involved in corruption have been either given presidential pardons or have escaped to foreign countries to escape punishment. A number of incidents have occurred where corrupt individuals were freed without penalty due to their political connections. Although the Commission to Investigate Allegations of Bribery or Corruption exists, its powers have been curbed by powerful politicians and business tycoons and, in most cases, the commission has not been able to act in an independent manner. [7] [8]

Successive governments have often pledged to eradicate corruption but, practically speaking, this has been an impossible task due to years of mismanagement and a lack of good governance. The political parties and politicians have often pledged to end corruption during election times, in the hopes of winning over voters.

Corruption in Sri Lanka is considered as an ongoing serious national issue which has dampened economic growth and lowered quality of life for most Sr Lankans. High income inequality/disparity and increased poverty have contributed to the prevalent corruption culture in Sri Lanka. Corruption has always been a hot topic in Sri Lanka and has been a root cause of Sri Lanka's worsening economic situation since 2019. [9]

Corruption was among many issues which provoked the 2022 nationwide protests. These were massive demonstrations against the administration of Gotabaya Rajapaksanand their impetus stemmed from the inability of general public to fulfill their basic needs and wants due to shortages, rolling power cuts, hyperinflation, the decline in disposable income and the lack of foreign reserves to import basic essentials. [10]

Mahinda Rajapaksa administration (2005-2015)

Just before the 2005 presidential election, Rajapaksa was accused of stealing public money, donations intended for tsunami victims of the 2004 Indian Ocean earthquake and tsunami. When Mahinda served as Prime Minister in 2004, the money was sent by international donors to the Prime Minister's national relief fund to serve the requirements of people whose livelihoods were adversely affected by the tsunami on a Boxing Day, 26 December 2004. [11] However, funds for the betterment of the public were credited to the privately-run scheme called "Helping Hambantota" and the funds never reached the affected people. [12] [13]

In May 2022, prominent Australian investigative journalism program ABC Four Corners in a documentary claimed that Australian-based medical company Aspen Medical had been involved in a high-profile money laundering scandal, after its involvement in a multi-million dollar hospital project for the construction of Hambantota General Hospital during the presidency of Mahinda Rajapaksa in 2012. [14] As per the documentary, the company had obtained amounting to $18.8 million insurance guarantee through the formal Australian governmental support from the then Export Finance and Insurance Corporation. [15]

The first transaction of Aspen Medical in Sri Lanka amounted to 1.4 million euros (equivalent to $1.5 million US dollars [16] ) to a suspectable mysterious company domiciled in the British Virgin Islands, Sabre Vision Holdings, owned by Nimal Perera, a Sri Lankan businessman with close ties to the Rajapaksa family. [17] [18] Nimal Perera claimed that in 2016, he collected funds for Namal Rajapaksa and as a result, Namal was arrested by the police but was released on bail shortly afterwards. However, soon after the release of the documentary, Namal denied wrongdoing and insisted that the documentary was a conspiracy by the Yahapalanaya government to undermine his reputation. [19]

2015 presidential election and beyond

According to the Presidential Commission of Inquiry investigating irregularities in SriLankan Airlines, security officers and vehicles of the national carrier had been used in the Rajapaksa's 2015 presidential campaign. Nishantha Wickramasinghe, a brother-in-law of Rajapaksa, was Chairman of SriLankan Airlines until Rajapaksa lost the presidential election in 2015. [20]

The Sri Lanka Air Force announced that Mahinda Rajapaksa and his family had used military aircraft for the election campaign, using $17,300[ clarification needed ] (Rs. 2,278,000) of public funds to travel across the island. Rajapaksa and his family were the subjects of numerous state resource abuse complaints from organizations and election monitors, including claims of their involvement in fraud, misuse of powers, murder, and money-laundering activities said to have taken $5.31 billion[ clarification needed ] (Rs. 700 billion) out of the country illegally through the Central Bank, using Rajapaksa's close association with Ajith Nivard Cabraal, the former governor of the Central Bank of Sri Lanka. [21]

In 2015, the Sirisena-led government started investigations of China Harbour Engineering Company on suspicion of offering bribes to Mahinda Rajapaksa's failed presidential re-election campaign. [22] [23] The company also apparently landed a $1.4 billion contract to establish the Port City in Colombo, which was suspended when the Sirisena regime took over.

Several sources claimed that Mahinda Rajapaksa had maintained close ties with Uganda especially during his second term as President from 2010 to 2015. Mahinda Rajapaksa also reported to have befriended Sri Lankan High Commissioner to Uganda, Velupillai Kananathan during the former's first official presidential trip to Uganda in 2014. [24] [25] [26]

Yahapalanaya government (2015-2019)

The government formed in 2015 under Maithripala Sirisena and Prime Minister Ranil Wickremesinghe came in promising to tackle corruption. Ending corruption at all levels was the key objective put in place by the Sri Lanka Freedom Party and United National Party joint government during their election campaigns in 2015. [27]

Sirisena promised to take necessary action against the Rajapaksas regarding the corrupt practices while Mahinda Rajapaksa served as the President of Sri Lanka. However, the Yahapalanaya government itself was embroiled in a huge Central Bank of Sri Lanka bond scandal within a month after taking office. Arjuna Mahendran was appointed as the Central Bank governor, replacing Ajith Nivard Cabraal, who was involved in the bond scandal.

In 27 February 2015, newly appointed CBSL governor Arjuna Mahendran advertised the sale of Rs. 1 billion in 30-year government bonds at a coupon of 12.5% [28] Despite several accounts erroneously cite an indicative rate of 9.5%. [29] [30] The sale was oversubscribed with 36 bids of totaling Rs. 20 billion. The majority of bidders, 26, bid for Rs. 100 million or less at a rate of 9.5%–10.5%. However, a few bidders, including Perpetual Treasuries Limited, wanted interest rates of 11%– [31] [32] [33] [34] A petition was lodged in the Supreme Court of Sri Lanka contesting the methodology used to allege such a loss. [35] Perpetual Treasuries was issued, directly and indirectly, with Rs. 5 billion in bonds at 12.5%. [36] [37] [38] [39] Perpetual Treasuries was one of the primary dealers in the sale and is owned by Mahendran's son-in-law Arjun Aloysius. [40] [41] The primary dealer had also appointed the sister of the former Central Bank Governor Ajit Nivard Cabraal onto the Board of its holding company. [42]

In 2016, Sirisena into his second year presidency was involved in a controversy after allegations were raised that he and his political adviser had reportedly demanded a political donation to be paid by the Australian based company Snowy Mountains Engineering Company. As per the company emails, the incident happened when Sirisena was a cabinet minister during the tenure as Mahinda Rajapaksa as the president. The overseas staff members of Snowy Mountains Engineering Company had bribed officials to secure a $2.3 million sewerage project in 2011. In return, Sirisena was all set to approve the awarding of the dam contract to SMEC worth $1.82 million. [43]

Gotabaya administration (2019-2021)

The government was embroiled in controversy over inappropriately handling public funds of over Rs. 15 billion behind the huge tax cut to sugar importers in 2020. As a result, the sugar scam cost Sri Lanka a whopping 15.9 billion rupees in tax revenue. [44] [45]

Uganda row

On 14 April 2021, the official Twitter account of SriLankan Airlines, the country's flag carrier, claimed that the airline's cargo division had made history by operating three successive cargo charter flights to Entebbe International Airport, Uganda's sole international airport, airlifting over 102 metric tonnes of printed paper in February 2021. [46] What kind of printed paper was not revealed by SriLankan Airlines. However, the airline deleted the tweet for unknown reasons and it created doubts about transparency at the flag carrier. Speculation arose about the transfer. [47] SriLankan Airlines later issued a statement clarifying that the printed material shipped to Uganda included only Ugandan currency notes, and that due to security issues with neighboring Kenya, the Ugandan government preferred to obtain printed Ugandan shilling currency notes from a global security printer. [48] [49] The Biyagama branch of the De La Rue company prints currency notes for countries, which include Uganda. [50] SriLankan Airlines insisted that the consignment was purely commercial, and brought much needed foreign revenue to the airline as well as the country. [51]

See also

Notes

  1. Afghanistan, Australia, Bangladesh, Bhutan, Cambodia, China, Fiji, Hong Kong, India, Indonesia, Japan, Laos, Malaysia, Maldives, Mongolia, Myanmar, Nepal, New Zealand, North Korea, Pakistan, Papua New Guinea, Philippines, Singapore, Solomon Islands, South Korea, Sri Lanka, Taiwan, Thailand, Timor-Leste, Vanuatu, and Vietnam

Related Research Articles

<span class="mw-page-title-main">Ranil Wickremesinghe</span> President of Sri Lanka since 2022

Ranil Wickremesinghe is a Sri Lankan politician who is the 9th and current President of Sri Lanka. He also holds several ministerial positions, including the Minister of Finance, Minister of Defence, Minister of Technology and Minister of Women, Child Affairs and Social Empowerment.

<span class="mw-page-title-main">Mahinda Rajapaksa</span> President of Sri Lanka from 2005 to 2015

Mahinda Rajapaksa is a Sri Lankan politician. He served as the President of Sri Lanka from 2005 to 2015; the Prime Minister of Sri Lanka from 2004 to 2005, 2018, and 2019 to 2022; the Leader of the Opposition from 2002 to 2004 and 2018 to 2019, and the Minister of Finance from 2005 to 2015 and 2019 to 2021. He has been a Member of Parliament (MP) for Kurunegala since 2015.

The United People's Freedom Alliance was a political alliance in Sri Lanka founded by former Sri Lankan president Chandrika Kumaratunga in 2004 and dissolved by former Sri Lankan President Maithripala Sirisena in 2019.

<span class="mw-page-title-main">Sri Lanka Freedom Party</span> Political party in Sri Lanka

The Sri Lanka Freedom Party is one of the major and most well known political parties in Sri Lanka. It was founded by S.W.R.D Bandaranaike in 1951 and, since then, has been one of the two largest parties in the Sri Lankan political arena. It first came to power in 1956 and since then has been the predominant party in government on a number of occasions. The party is generally considered as having a democratic socialist or progressive economic agenda and is often associated with nationalist Sinhalese parties. The party follows a Non-Aligned foreign policy but always had close ties to socialist nations.

<span class="mw-page-title-main">Hambantota</span> Town in Southern Province, Sri Lanka

Hambantota is the main town in Hambantota District, Southern Province, Sri Lanka.

<span class="mw-page-title-main">Maithripala Sirisena</span> President of Sri Lanka from 2015 to 2019

Maithripala Yapa Sirisena is a Sri Lankan politician who served as the seventh President of Sri Lanka from 9 January 2015 to 18 November 2019. Sirisena is Sri Lanka's first president from the North Central Province of the country and does not belong to the traditional Sri Lankan political elite. He is currently a member of parliament from Polonnaruwa.

<span class="mw-page-title-main">Mahinda Rajapaksa International Cricket Stadium</span> Cricket stadium in Sri Lanka

Mahinda Rajapaksa International Cricket Stadium, also known as Sooriyawewa International Cricket Stadium, and abbreviately as MRIC Stadium, is an international cricket stadium in Sooriyawewa, Sri Lanka. It was built for the 2011 Cricket World Cup and hosted two matches, the first being Sri Lanka against Canada, on 20 February 2011. The stadium has a capacity of 35,000 people making It the second largest stadium in Sri Lanka.

<span class="mw-page-title-main">Hambantota International Port</span> Port in Sri Lanka

The Hambantota International Port is a deep water port in Hambantota, Sri Lanka, notable for its 99-year lease to China Merchant Ports. Opened in 2010, it is Sri Lanka's second largest port, after Colombo. In 2020, the port handled 1.8 million tonnes of cargo.

Hambantota electoral district is one of the 22 multi-member electoral districts of Sri Lanka created by the 1978 Constitution of Sri Lanka. The district is conterminous with the administrative district of Hambantota in the Southern province. The district currently elects 7 of the 225 members of the Sri Lankan Parliament and had 421,186 registered electors in 2010.

<span class="mw-page-title-main">Ajith Cabraal</span> Sri Lankan account and former Governor of the Central Bank of Sri Lanka (born 1954)

Ajith Nivard Cabraal is a Sri Lankan accountant and politician who was also the 16th Governor of the Central Bank of Sri Lanka. He is also the former State Minister of Finance, Capital Markets and State Enterprise Reforms and a national list member of parliament since 12 August 2020. He served as the Governor of the Central Bank of Sri Lanka, holding the post from 1 July 2006 until his resignation on 9 January 2015. He again became the Governor of Central Bank of Sri Lanka in September 2021, replacing W. D. Lakshman, and resigned again in April 2022.

<span class="mw-page-title-main">Namal Rajapaksa</span> Sri Lankan politician

Lakshman Namal Rajapaksa is a Sri Lankan politician. He is the eldest son of Sri Lankan former President and former Prime Minister Mahinda Rajapaksa and a member of parliament. He was the Minister of Youth and Sports from 2020 to 2022.

<span class="mw-page-title-main">China–Sri Lanka relations</span> Bilateral relations

China–Sri Lanka relations are the bilateral relations between the People's Republic of China and Democratic Socialist Republic of Sri Lanka. There is a Chinese embassy located in Colombo and a Sri Lankan embassy situated in Beijing. Historical and cultural ties between the two countries extend back hundreds of years.

The Rajapaksa family is a Sri Lankan family that is prominent in politics. It was one of Sri Lanka's most powerful families during Mahinda Rajapaksa's presidency, when many members of the family occupied senior positions in the Sri Lankan state. As their political power grew, there were reports suggesting that the country was heading towards autocracy under their rule. Following the unexpected defeat of Mahinda Rajapaksa in the 2015 presidential election, they have been accused of authoritarianism, corruption, nepotism and bad governance. In the 2019 presidential election, Gotabaya Rajapaksa, the brother of Mahinda Rajapaksa, ran and won. The popularity of the Rajapaksa family collapsed after their actions caused the economic crisis that started in 2019, resulting in Sri Lanka defaulting on its debt for the first time in its post-independence history within just 30 months of coming to power. The extended Rajapaksa family is believed to have amassed a large amount of wealth and while the amount of and scale is unknown several members of the family have been revealed in international investigations such as the Pandora Papers to be using networks of shell companies and trusts to hide their wealth in offshore tax havens which has led to accusations of Rajapaksas turning Sri Lanka into a Kleptocracy

<span class="mw-page-title-main">2015 Sri Lankan presidential election</span>

Presidential elections were held in Sri Lanka on 8 January 2015, two years ahead of schedule. The incumbent President Mahinda Rajapaksa was the United People's Freedom Alliance's candidate, seeking a third term in office. The United National Party (UNP)-led opposition coalition chose to field Maithripala Sirisena, the former Minister of Health in Rajapaksa's government and general secretary of the Sri Lanka Freedom Party (SLFP) – the main constituent party of the UPFA – as its common candidate.

Lakshman Arjuna Mahendran is a Sri Lankan-born Singaporean economist and banker. He is a former Governor of the Central Bank of Sri Lanka (CBSL), having been appointed by President Maithripala Sirisena in January 2015 and served until the end of his term on 30 June 2016. He was the former Managing Director of HSBC Private Bank, Chief Investment Officer of Emirates NBD as well as chairman and Director-General of the Board of Investment of Sri Lanka. Mahendran is currently residing in Singapore, which has refused to extradite him on a request from Sri Lanka routed through interpol.

<span class="mw-page-title-main">2018 Sri Lankan constitutional crisis</span>

A constitutional crisis began in Sri Lanka when President Maithripala Sirisena appointed former president and member of parliament Mahinda Rajapaksa as Prime Minister on 26 October 2018 before formally dismissing the incumbent Ranil Wickremesinghe, resulting in two concurrent Prime Ministers. Wickremesinghe and the United National Party (UNP) viewed the appointment as illegal, and he refused to resign.

Central Bank of Sri Lanka bond scandal which is also referred as CBSL bond scam was a financial laundering scam which happened on 27 February 2015 and caused losses of more than US$ 11 million to the nation. The bond scam is also regarded as the largest reported financial scam in Sri Lanka despite the country's reputation of having a solid visionary banking system over the years. This was a major blow to the Sri Lankan economy and was also major setback to the newly elected government under the leadership of Maithripala Sirisena which commenced its first term as of 8 January 2015. Arjuna Mahendran was appointed as the Governor of the Central Bank of Sri Lanka replacing Ajith Nivard Cabraal.

In 2015 a coup d'état was allegedly attempted in Sri Lanka by former president Mahinda Rajapaksa in order to remain in power after he had been voted out in the 2015 Sri Lankan presidential election. Rajapaksa, who was expected to easily win a third term in office lost to Maithripala Sirisena, a former ally and member of the Rajapaksa administration. Though ultimately there was a peaceful transition between governments, some government officials claim Rajapaksa made an attempt to deploy the army and police to stop the counting of votes when initial results showed he was heading for defeat.

<span class="mw-page-title-main">Sri Lankan economic crisis (2019–present)</span> Ongoing economic crisis in Sri Lanka

The Sri Lankan economic crisis is an ongoing crisis in Sri Lanka that started in 2019. It is the country's worst economic crisis since its independence in 1948. It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. The crisis is said to have begun due to multiple compounding factors like tax cuts, money creation, a nationwide policy to shift to organic or biological farming, the 2019 Sri Lanka Easter bombings, and the impact of the COVID-19 pandemic in Sri Lanka. The subsequent economic hardships resulted in the 2022 Sri Lankan protests. Sri Lanka received a lifeline in the form of an Indian line of credit amounting to $4 billion. This substantial credit infusion served to cover the costs of importing essential goods and fuel. As a result, the foreign currency reserves of debt-ridden Sri Lanka experienced a notable improvement, reaching $2.69 billion.

<span class="mw-page-title-main">2022 Sri Lankan political crisis</span> Ongoing political crisis in Sri Lanka

The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country. The anti-government sentiment across various parts of Sri Lanka has triggered a state of political instability that is unprecedented in the nation's history.

References

  1. "The ABCs of the CPI: How the Corruption Perceptions Index is calculated". Transparency.org. 20 December 2021. Retrieved 4 April 2024.
  2. "Corruption Perceptions Index 2023: Sri Lanka". Transparency.org. Retrieved 4 April 2024.
  3. "CPI 2023 for Asia Pacific: Regional Stagnation Marked by Inadequate Delivery of Anti-corruption Commitments". Transparency.org. Retrieved 4 April 2024.
  4. "Sri Lanka Corruption Profile". Business Anti-Corruption Portal. Archived from the original on 15 July 2015. Retrieved 14 July 2015.
  5. "Corruption in Sri Lanka: A crime without criminals – Opinion". Daily Mirror. Retrieved 2022-05-03.
  6. "Global Voices - For most Sri Lankans, bribery is just a fact of life". Global Voices. 2018-09-02. Retrieved 2022-05-03.
  7. "Crisis continues: Bribery Commission Director General quits | Daily FT". www.ft.lk. Retrieved 2022-05-03.
  8. Nadeera, Dilshan. "RECOVERING THE PROCEEDS OF POLITICAL CORRUPTION" . Retrieved 2022-05-03.
  9. "IMF cannot ignore corruption | Daily FT". www.ft.lk. Retrieved 2022-05-03.
  10. "Poverty in Sri Lanka to spike this year, warns World Bank". The Indian Express. 2022-04-26. Retrieved 2022-05-03.
  11. "'Helping Hambantota' probe allowed". www.bbc.com. Retrieved 2022-05-03.
  12. "Never forget the 'Helping Hambantota' scandal: Vijitha Herath". Sri Lanka News - Newsfirst. 2021-12-26. Retrieved 2022-05-03.
  13. "BBCSinhala.com". www.bbc.com. Retrieved 2022-05-03.
  14. "Sri Lanka : ABC media in Australia exposes corrupt dealings in Hambantota hospital construction". www.colombopage.com. Retrieved 2022-05-03.
  15. "How a politically connected company earned more than $1 billion from the pandemic". ABC News. 2022-05-01. Retrieved 2022-05-03.
  16. [https:/ oanda.com/currency-converter/en/?from=EUR&to=USD&amount=1400000]
  17. "Australia documentary reveals major corruption in multi-million dollar hospital project in Hambantota". NewsWire. 2022-05-02. Retrieved 2022-05-03.
  18. "Investigation reveals Nimal Perera's alleged links to multi-million dollar corruption in Hambantota hospital project". The Morning - Sri Lanka News. 2022-05-02. Retrieved 2022-05-03.
  19. "Namal, Nimal respond to Australian documentary corruption allegation". NewsWire. 2022-05-03. Retrieved 2022-05-03.
  20. "SriLankan Airlines assets used in Rajapaksa's presidential campaign | Economynext". 2018-07-26. Archived from the original on 2018-07-26. Retrieved 2022-05-03.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  21. "Sri Lanka to probe hidden foreign assets after Rajapaksa defeat". Reuters. 2015-01-22. Retrieved 2022-05-03.
  22. "Rajapaksa comeback bid checked by Sri Lanka bribery probe". Reuters. 2015-07-24. Retrieved 2022-05-03.
  23. Migration (2015-01-14). "Sri Lanka's former president Rajapaksa faces graft complaint | The Straits Times". www.straitstimes.com. Retrieved 2022-05-03.
  24. "Gota's gotta go, Lankans say, Destination Uganda?". Deccan Herald. 2022-04-13. Retrieved 2022-04-17.
  25. "SL Currency printing and airlifting money to Uganda open can of worms". LNW. 2022-04-16. Retrieved 2022-04-17.
  26. Suranimala (2021-12-29). "One Family, One Set Of Looters". Colombo Telegraph. Retrieved 2022-04-17.
  27. "The Crackdown on Corruption". Groundviews. 2017-12-09. Retrieved 2022-05-03.
  28. "Advertisement by the Central Bank of Sri Lanka" (PDF). Archived from the original (PDF) on 19 February 2018.
  29. "CB Governor faces 'family company' charges; calls mount for probe". The Sunday Times (Sri Lanka) . 28 October 2019.
  30. "Harsha vows to go after fraudsters". The Nation (Sri Lanka) . 8 March 2015. Archived from the original on 6 November 2016. Retrieved 3 May 2022.
  31. Aneez, Shihar (28 October 2019). "Sri Lanka central bank head resumes duty after bond probe report". Reuters . Archived from the original on 20 November 2015. Retrieved 3 May 2022.
  32. "Ceylon Daily News 8 July 2016".
  33. "CB Bond Issue Call For Independent Probe". The Sunday Leader . 28 October 2019. Archived from the original on 2 March 2018. Retrieved 3 May 2022.
  34. Fernando, Tharushan (24 May 2015). "Voice Against Corruption Movement condemns PM's statement on CBSL fraud". News First . Archived from the original on 1 July 2017. Retrieved 3 May 2022.
  35. "Monk's petition on eve of bond debate in House: Sunday Times 22 Jan 2017".
  36. Samath, Feizal (28 October 2019). "News Bond issue: Probe committee to question dealers on inside info". The Sunday Times (Sri Lanka) .
  37. "Primary dealers seek urgent meeting with CB on bond issue". The Sunday Times (Sri Lanka) . 28 October 2019.
  38. Shauketaly, Faraz (28 October 2019). "Trying To Stop The Third Force". The Sunday Leader . Archived from the original on 4 March 2016. Retrieved 3 May 2022.
  39. Perera, Yohan (28 October 2019). "Finance Minister dismisses bond issue allegations". The Daily Mirror (Sri Lanka) .
  40. "Central Bank Governor under fire". The Sunday Times (Sri Lanka) . 28 October 2019.
  41. "The Central Bank Bond Fiasco". The Nation (Sri Lanka) . 14 March 2015. Archived from the original on 24 December 2016. Retrieved 3 May 2022.
  42. "Cabraals sister responds to allegation: The Nation 4 July 2015". Archived from the original on 2 February 2017. Retrieved 3 May 2022.
  43. Baker, Nick McKenzie, Emmanuel Freudenthal, Michael Bachelard, Richard (2016-08-24). "Australian companies linked to bribe scandals in Sri Lanka and Congo". The Sydney Morning Herald. Retrieved 2022-05-03.{{cite web}}: CS1 maint: multiple names: authors list (link)
  44. "Sugar scam costs Sri Lanka Rs 15.9 billion in tax revenue: Finance Ministry". EconomyNext. 2021-03-09. Retrieved 2022-05-03.
  45. "Sugar Tax Scam: Recover loss of Rs. 16b from importer - Audit Office". Sri Lanka News - Newsfirst. 2022-04-17. Retrieved 2022-05-03.
  46. "Private Jets & UL Cargo flights linked to Uganda - What's going on?". Sri Lanka News - Newsfirst. 2022-04-15. Retrieved 2022-04-17.
  47. "Sri Lanka : Sri Lanka national carrier explains last year's cargo operation to Uganda". www.colombopage.com. Retrieved 2022-04-17.
  48. "SriLankan says Entebbe-bound cargo contained currency notes for Uganda". Print Edition - The Sunday Times, Sri Lanka. Retrieved 2022-04-17.
  49. "The sinking ship of state and its hapless captain". Print Edition - The Sunday Times, Sri Lanka. Retrieved 2022-04-17.
  50. "SriLankan flights to Uganda : Statement from Currency Printer De La Rue". NewsWire. 2022-04-15. Retrieved 2022-04-17.
  51. "Cargo flights to Uganda in 2021 : SriLankan issues clarification". NewsWire. 2022-04-14. Retrieved 2022-04-17.