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Video: Funds placed in Swiss banks via Seychelles: UNP

11 July 2014 11:57 am - 30     - {{hitsCtrl.values.hits}}

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The United National Party (UNP) said today there was a trend where black money including money swindled from development projects was deposited in Swiss banks through Seychelles because Switzerland was tightening its laws.

It said that though all funds deposited in Swiss banks were not ill-gotten lucre a large amount of such funds were deposited concealing the true identity.    

UNP parliamentarian and well-known economist Harsha De Silva said the amount of funds deposited in Swiss banks under Sri Lankan addresses had decreased in recent years because of strict laws adopted by Switzerland while deposits through Seychelles had drastically increased.

“The population in Seychelles is slightly more than 90,000 but the deposits under the addresses of that country are worth about 3,000 million Swiss Francs last year, which is higher than the accumulated deposits under Sri Lankan addresses,” he said.  

Dr. De Silva said most of the addresses in Seychelles are of companies which are registered within another company. (Lahiru Pothmulla and Yoshitha Perera)

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  Comments - 30

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  • BuffaloaCitizen Friday, 11 July 2014 12:20 PM

    And we also know who they are...hi hi Mihin Lanka also flies their now...no wonder. Shhhh keep quiet the white van will come.

    Phantom Friday, 11 July 2014 12:23 PM

    So the present coziness with Seychelles is now apparent!!!

    mack Friday, 11 July 2014 05:56 PM

    Dubai Seychelles some African countries are heaven for black money and illegal fund transfer by SL vvip via DM Android App

    Don Friday, 11 July 2014 06:08 PM

    You dont need a Phd to work out the individuals involved.Ask yourself why the sudden urgency to open branches in a country with a population less than a million. via DM Android App

    janaka Saturday, 12 July 2014 10:04 AM

    Good one Mr. Harsha, Take the white van will soon be in your door step. MR AND FAMILY ARE KING OF KINGS

    ABC Saturday, 12 July 2014 01:11 AM

    Why not provide details rather than sopping here?

    Mottayah Friday, 11 July 2014 01:17 PM

    [quote name="Don"]You dont need a Phd to work out the individuals involved.Ask yourself why the sudden urgency to open branches in a country with a population less than a million. via DM Android App[/quote]
    May be the embassy of Sri Lanka in Seychelles also will very soon have a Swiss bank account..Guess who will be the sole signatory?

    siri Monday, 14 July 2014 04:35 AM

    RW now you have good trumps go head with these,use thin brainy Prof and win this time.

    chandra Saturday, 12 July 2014 11:03 AM

    Hi every one who belives Harsha,

    ,Seyshells is a tourist desitination which earns more foreign currency than Sri Lanka. Same as Maldives. These countries are rich as their economic activities are capital intensive. Boats, cruise ships , mega resorts, . So International banks have branches there to facilitates millions of tourists and their agents who visit these countries. They have financial regulations what money comes in and out.
    Please note Harsha and everyone trying for power not for anything but to grab these opportunities to bankrupt our country. Have dialogue in parliament professionally without giving gossip press conferences from Sirikotha. You see there is no spokesman for UNP to discuss these issues. everyone talks everything. very sad to note what has happened to opposition. See Police, Army,Navy ,JVP, they have one person to talk either tru or false. But UNP sad...

    dutugamunu1 Friday, 11 July 2014 01:23 PM

    what is wrong with his explanation.It is not Phd but purely maths

    Concerned Saturday, 12 July 2014 11:32 AM

    Ooh poor black parrots became scapegoats!

    Minister Saturday, 12 July 2014 11:33 AM

    Harsha does not open his mouth without concrete facts!

    Minister Saturday, 12 July 2014 11:35 AM

    Is San Marino in Seychelles? Or at least the Pope for that matter?

    steave Friday, 11 July 2014 07:35 PM

    The dog going through the way dog came in. via DM iPad app

    Saman Friday, 11 July 2014 02:12 PM

    How funny Seyshells, a country with 90,000 people having a Bank of Ceylon Branch. Someone has to investigate this with the help of interpol.

    Rohan F. Friday, 11 July 2014 02:16 PM

    Good election propaganda tool. Take this to Parliament.

    One Friday, 11 July 2014 07:46 PM

    True. Governments recent involvement with lesser known contries are for these type of things. via DM Android App

    MASAGE Friday, 11 July 2014 02:22 PM

    Kaapalla.............. Beepallaa................. Joli karapalla...............

    Spitfire Friday, 11 July 2014 02:32 PM

    you hit the nail on the head!!!!!!!!!!!!!!
    Bravo.

    dass Saturday, 12 July 2014 01:13 PM

    you should send this message to the commoners. otherwise it will be another barking at the moon (in English).

    Crazy Coot Saturday, 12 July 2014 03:10 AM

    [quote name="Phantom"]So the present coziness with Seychelles is now apparent!!![/quote]
    I always thought it was to get a free rest and maybe seek assylum later on!!!!

    Observer Friday, 11 July 2014 03:04 PM

    This explains many visits and sudden interests in Seychelles, while they keep a close track on every cent of the poor..........this is life in Sri Lanka.

    piyal Saturday, 12 July 2014 01:55 PM

    no one can escape by doing wrong doing - at the end they will meet the end - perhaps its not imminent but inevitable -
    how much public money you can loot - how much is too much - looks enough is still not enough - never mind - you cannot digest every single gulp -

    Sammy Saturday, 12 July 2014 03:31 AM

    Foreign exchange regulations get relaxed whenever the rich and powerful want to take money out and reimposed once it is done.

    Modaya Saturday, 12 July 2014 03:32 AM

    I like this!

    Bandu Saturday, 12 July 2014 05:06 AM

    Why not give the names of depositors and the amounts which they have.Then only the people will believe what you say.

    Kiris Baba Amaray Saturday, 12 July 2014 06:08 AM

    Mr. Harsha is not a easy gun, he knows every single cheats & loots the Govt. commits and cannot play games with him.

    Kiris Baba Amaray Saturday, 12 July 2014 06:10 AM

    No hanky panky business with Harsha as he is a hard nut.

    Exman Monday, 14 July 2014 02:46 AM

    7 Billion Dollars is more than a few dollars more. "OMG"

    DON Friday, 11 July 2014 12:11 PM

    make sense now (of recent 'official' visits)


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