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CaptureAmongst the more endearing explanations offered by Ranil’s friends for his involvement in the Bond Scam is that he was taken for a ride. The response then to the question why he defended Mahendran so vociferously is that Mahendran also was taken for a ride. Then the answer to the question why Mahendran went down to bully the Public Dept Department was that he was following instructions. I presume the same answer would have been given to the question why he insisted on appointments within the Bank that facilitated Arjuna Aloysius having his wicked way with bond issues and the EPF.

The fact that Aloysius was Mahendran’s son-in-law is considered irrelevant it seems in this account of why Mahendran acted as he did, to knowingly cause such a massive loss to the country. But even if one believes that all this was done under pressure, it is clear that we will not find out from him who applied the pressure since he can now employ the Aloysius stratagem of refusing to give evidence.

I believe the Commission set a bad precedent in permitting Aloysius to get away with this stratagem, given that it has no judicial authority and is a fact finding body only. But even if it is right in the stance it took, it does have a mechanism to promote justice by ordering Aloysius’ arrest on the basis of the information it already has. The case for this is strengthened by the fact that he has not just refused to testify but was actively involved in suppressing evidence. And doing this would send a message to Mahendran that the Aloysius stratagem will hasten rather than delay judicial procedures.

But the Commission also has a wider responsibility, to find out who pushed Mahendran and Ranil to behave the way they did, on the friendly interpretation, who helped them to fulfil their dishonest desires on a more rational view. Fortunately the evidence, or rather a direction in which to search, has already been provided by Ranil himself. He declared in Parliament, in his infamous statement claiming that Parliamentarians were not capable of judging the issue,  that Mahendran had acted in accordance with desires expressed by individuals who had unprecedentedly gone to the Bank to request vast amounts of money.

Amongst those individuals were two Cabinet Ministers who held office in the UNP. What Ranil did not say is also significant. He omitted the fact that Malik Samarawickrema, the Chairman of the UNP, had accompanied the group that gave Mahendran an excuse. Fortunately Mahendran himself if I recollect aright gave the game way in COPE in citing Malik too. It seems he thought that someone who held no executive office also had a role to play in dictating the financial policies and practices of the country – an understandable view given the massive financial obligations of the UNP at the time and the view that the interests of the country and the UNP were synonymous. Read the rest of this entry »

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Rajiva Wijesinha

October 2019
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