Tue, 06 Dec 2022 Today's Paper

S’pore citizen issued bonds to repay loans taken by US citizen: Harsha

20 March 2015 09:05 pm - 41     - {{hitsCtrl.values.hits}}


The Government had to go in for a bond issue to generate funds to repay the loans obtained by the previous regime, Policy Planning Deputy Minister Harsha De Silva told Parliament today.

"The Central Bank Vovernor a Singapore citizen had to sell the bond to generate funds to repay the loans generated by an American Citizen," he said in response to a question asked by opposition MP Lalith Dissanayake.

Dr de Silva mentioned that Central Bank Governor Arjuna Mahendran had not obtained Sri Lankan citizenship but hoped to do so soon.

Mr Dissanayake asked what the government intended doing with the Central Bank Governor whose action had resulted in Sri Lanka losing millions of rupees.


Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

  Comments - 41

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka
  • Aba Jayasekera Saturday, 21 March 2015 03:44 PM

    Please do not confuse issues. The question is not which citizen of which country issued the Bonds to pay Loan taken by citizen of which country but whether the transaction was an "arms length", that is whether it was done by the CB Governor with the aim of favouring and giving illegal income to his son-in-law

    mathew Saturday, 21 March 2015 09:45 AM

    lame excuses.dont think that you can fool the public.you are really pathetic

    Sarathsk Saturday, 21 March 2015 09:51 AM

    Well, Dr De Silva, It is not who issued the bonds and for what purpose it was done are being questioned. The questions/issues are regarding the way it was done. Please try and address it....

    Nish Saturday, 21 March 2015 10:26 AM

    Not to fund the salary increase and koththamalli subsidiary?

    gayan Saturday, 21 March 2015 10:37 AM

    This is called gon talks.

    ara Saturday, 21 March 2015 10:42 AM

    Dr. Harsha, enough is enough. we all know there was insider dealing in the transaction. dont go around talking about citizenship and money was needed for this and that. There is a proper procedure for everything. people will take action in the coming election.

    Push Saturday, 21 March 2015 11:00 AM

    Mere fact that the involvement of the Son in law itself is highly dubious.

    Nims Saturday, 21 March 2015 11:22 AM

    Harsha, can you please name the Singaporean and the American who are involved in this. Is ther any relationship between the parties.

    Lali Saturday, 21 March 2015 11:27 AM

    Another white lie from a yahapalana polticca. How rude he says the CB governor will apply for citizenship of SL soon. Do not think that you can fool us twice.

    Sujeewa Saturday, 21 March 2015 12:17 PM

    There is good Sinhala saying to explain this Pudanakotama Kapi YakaPeople will learn about the quality of good governess very soon

    H. Jagathdeva Saturday, 21 March 2015 01:13 PM

    It would be educative for us if an investigative journalist did an impartial research on the malpractices of all the politicians who were in different governments since 1977.

    Push Saturday, 21 March 2015 09:31 AM

    Mr. Minister, can you confirm that there hasn’t been any irregularity on this matter from the Sri Lankan point of view? Is it so hard to find a qualified person to take up the helm of the Central Bank amongst the Sri Lankans who live here?

    mc inthira Saturday, 21 March 2015 04:26 PM

    basil asinhala minister and a us citizen who ran away can be a minister in the sinhala state, but mahendran who was and is a sri lankan cannot be governor of the central bank because temp he was a singaporeon. this is sinhala yahapalanaya.

    Ravi Saturday, 21 March 2015 04:53 PM

    If there was an ever mut ... Here is he ... Doctor know little !A serious matter such as the Bond issue given this kind of "buruwa talk" only shows the true character of this so called Doctor of Borunomics !

    philipdesilva Saturday, 21 March 2015 04:58 PM

    All are same this is really stupid reply from this guy

    Ram Saturday, 21 March 2015 09:25 PM

    Are there no qualified Srilankans for this top job?Also, is it legal to employ a foreigner? The public needs answers

    Nims Sunday, 22 March 2015 04:46 AM

    Can anyone name a country in the World where they have employed a Foreign national as the Governor of their Central Bank? I cannot understand why Mr president turning a blind eye on these issues.

    chandra Sunday, 22 March 2015 06:28 AM

    lt seems same institute awarded doctorate to both Harsha and Dutugemunu

    freddy Sunday, 22 March 2015 01:44 PM

    trusted Singaporean Tamil non citizen failed in his duties as Governor of Central Bank. Tamil Sri Pavan Chief Justice,Chief Minister majority Tamil areas Vigneswaran, wonder what happen to the Sinhalese? 100 days different objective. US and India to investigate 2 billion lost? what a failure of this new regime,witch hunt, vengeance and revenge 100 days nothing happening.Put all Opposition in prison and you will win the next election. allegation and conspiracy is the game. load of Garbage.

    Bob Lee Saturday, 09 May 2015 07:12 PM

    Good Day Sir/Madam: Getting a legitimate loan have always been a huge problem To clients who have financial problem and need solution to it. The issue of credit and collateral are something that clients are always worried about when seeking a loan from a legitimate lender. But.. we have made that difference in the lending industry. We can arrange for a loan from the range of $3000.00 to $10,000.000.00 Our Services Include the Following: Debt Consolidation Second Mortgage Business Loans Personal Loans International Loans Loan for any kinds Family loan Xmas Loan E.T.C No social security and no credit check, 100% Guarantee. All you have to do is let us know exactly what you want and we will surely make your dream come true. (BOB LEE FAST GLOBAL FINANCE COMPANY). says YES when your banks say NO. Lastly, we fund small scale loan firm, intermediaries, small scale financial institutions for we have unlimited capital. For further details to go about procuring a loan contact us, Kindly respond

    dr oscar Friday, 15 May 2015 06:20 AM

    Dear sir/Madam, We can help you with a loan today, I want you to contact me if interested. Take an Immediate decision and contact us in our Home Office were loan transactions are process and transfer within the shortest possible period. Email.....oscaremmyloanfirm@gmail.comPersonal LoanBusiness LoanCar LoanDebt consolidation Loans First Name:Surname:Gender:Country:state:Occupation:Contact phone number:Loan amount needed:Loan Duration:Purpose of loan:Monthly Income / Yearly Income:IF interested Fill immediately and return. RegardsOscar RemyGlobal Finance

    Gune Saturday, 21 March 2015 07:46 AM

    Harsha, lets please be civil about this and not digress from the core issue at hand. The question is, did the Governor violate his authority or not, in this transaction? You are a respected man and your comment here only makes you like somebody from the previous regime. The previous gov was voted out of power for all that you mention and what we the public want to know is how your government will make it right for us. With the available evidence in the media space there is nobody in the country who thinks the governor is innocent. Its up to your government now to prove to us without a doubt that "good governance" is a supreme value of this regime.

    Cheers Saturday, 21 March 2015 03:40 AM

    See how your credibility and speech and the tone have changed from time you were in opposition now to power and you have got the feeling of power and the greedy to unethical acts. The excuse to say he sold bonds to a friend or family by the governor to settle the loans obtained by previous regime is totally against the principals of Sri lanka and this is wrong

    simon Saturday, 21 March 2015 04:24 AM

    He is totally confused !!

    Janendra Ariyathilake Saturday, 21 March 2015 04:29 AM

    Is this the economist Dr speaking or any other Dr speaking. Did this so called "sudden debt" come up during the issue...was it not in the budget...compelling the Govt to increase bonds in issue by 10 times suddenly...i am not sure if my comment would appear or not, any way i post it...

    Dhana Saturday, 21 March 2015 04:40 AM

    Surprised with the answer by the learned Minister. People brought the present regime to power not to repeat the mistakes of the previous government. Also the crux of the question is how did a Singaporean citizen become the Governor of the Central Bank. In simple terms its like handing over your purse to a foreigner.

    Singaporean or not?? Saturday, 21 March 2015 06:19 AM

    To my best knowledge Singapore does NOT allow dual citizenship. USA allows it.

    salindatennakone Saturday, 21 March 2015 06:51 AM

    Once the great economic analyst now in power and reduced to useless political sound bites. Shame on you Dr. Harsha. We had faith in you and deserve better than this.

    Premalal Saturday, 21 March 2015 06:52 AM


    Pottaya Saturday, 21 March 2015 07:03 AM

    Come on man! Who are you trying to fool. We are not that dumb. You had to borrow money to finance all the free election goodies you promised to get votes.

    AR Saturday, 21 March 2015 07:24 AM

    Kindly focus on the prevailing issues than creating more...

    ranga Saturday, 21 March 2015 03:09 AM

    Dear Dr. We are compelled to wonder what you majored to become a Doctor with these illogical reasonings you give...we know a US citizen robbed our money...what makes it right for a Singaporean to cheat us again with our money???

    Nihal Amarasekera Saturday, 21 March 2015 07:55 AM

    It is very clear UNP is keen to clear "their" man. Credibility lost so fast. Because previous government has done wrong only they were defeated.

    SL Saturday, 21 March 2015 08:19 AM

    Ultimately paid by Sri Lankan citizens!

    Janaranjan Saturday, 21 March 2015 08:25 AM

    Cheap gimmiks of a cheap economist? This only reveals the investigation report will be an eye wash.

    Voter Saturday, 21 March 2015 08:25 AM

    It looks as if everyones attempt is to shape up things via DM Android App

    Oldie Saturday, 21 March 2015 08:30 AM

    Rogue is a rogue whether he is US or Spore. If one is wrong the other too is wrong. Two wrongs doesnt make a right. Previous regime it was a family corruption and this time its a school corruption. via DM Android App

    myraspi Saturday, 21 March 2015 08:35 AM

    Dear Sir,Stop comparing and blaming others. If anyone is wrong please take them to courts and punish them accordingly. that is why we voted for you. not to hear nonsense.Regards,Every Country loving Sri Lankan

    Euclid Saturday, 21 March 2015 08:58 AM

    A "Mahadana Mutta" statement. One "Good Deed" does not cancel a "Dad Deed. One "Good Deep" does not cancel and "Good Deed". One "Bad Deed" dose on cancel a "Bad Deed". Common sense my friend, common sense.

    mack Saturday, 21 March 2015 09:16 AM

    those who are barking and accusing the present government are who made billions from commission and under arm deals on expense of poor tax payers money via DM Android App

    de silva Saturday, 21 March 2015 09:28 AM

    Two days before one of your party freind to to the public that the centra bank head is a srilankan citizen.Now what are you telling.How long you all are lying thid coubtry.Ihope if a election is held the people in this country will teach your party a good lesson.How can you politicians tell such lies to the public.Both major parties are the same.Hope a new JVP,JHU government comes in to power.

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

Economy Decoded! Let’s talk about tax!

We explain the proposed new tax reforms in Sri Lanka and what it means

She said/He said

Much has been written and said in the last few days since the news was releas

POLICE ON TRIAL: Exercising Authority without Accountability

Although armed with the power of the State and empowered to use force against

Downfall and death of LTTE’s Mahathaya

The Liberation Tigers of Tamil Eelam (LTTE) ceased to exist as a functioning