Nihal Sri Ameresekere – Hilton Hotel Case

Exposure of facts, supported by Documents by Nihal Sri Ameresekere, of the scandalous fraud perpetrated by a consortium of reputed Japanese Companies in the construction of the Colombo Hilton Hotel, which was upheld in a landmark historic Judgment by the Supreme Court of Sri Lanka, the highest judiciary, restraining all payments to the Japanese Consortium, to prevent the devious syphoning of a large scale of foreign exchange from the country, with the construction having been carried out on State Guarantees provided by the Government of Sri Lanka. Thereafter, irrefutable evidence of criminality having been proven, adducing undisputed evidence before a Special Presidential Commission by Nihal Sri Ameresekere, this scandalous fraud was compelled to be covered-up and settled due to pressures exerted by the Japanese Government, even threatening to prevent Aid to Sri Lanka, with Japan being the biggest Aid provider to Sri Lanka at that time. For such settlement, on the insistence of the litigator, Nihal Sri Ameresekere, the Japanese Companies wrote-off 62% of their fraudulent Claims on State Guarantees. The write-off in June 1995 was Jap. Yen. 17,586 Mn., then US $ 207 Mn., or Sri Lankan Rs. 10,200 Mn., which write-off at value as at 31.12.2016 at AWFDR amounts to Rs. 89,927.6 Mn. In addition, the balance unwritten-off Loans of the Japanese Companies, likewise at value as at 31.12.2016, amounting to Rs. 51,884.7 Mn., had been re-scheduled over a further period of 16 years, at a reduced rate of interest of 5.25% p.a. This had immensely benefited the Government of Sri Lanka, as the Guarantor, as had been admitted by the Government of Sri Lanka, itself, in the legally binding contractual Agreements, formulated by the Attorney General and approved by the Special Presidential Commission and the Cabinet of Ministers, and executed by the Government of Sri Lanka, with the Japanese Companies, Hotel Developers (Lanka) PLC, (owning Company of  Colombo Hilton Hotel) and Nihal Sri Ameresekere; and with an Addendum thereto formulated by the Hon. Attorney General and signed subsequently converting ‘Conditions Precedent’ to ‘Conditions Subsequent’, to urgently have Nihal Sri Ameresekere’s said Cases withdrawn, due to threatening pressures exerted by the Japanese Government on Sri Lanka Government, and thus Nihal Sri Ameresekere’s Cases had been settled and withdrawn upon Decrees Ordered by the Commercial High Court of Sri Lanka on the basis of the said Agreements. The Government of Sri Lanka contractually bound itself, to pay compensation to Nihal Sri Ameresekere for giving up his valuable legitimate right and for the immense benefit gained by the Government of Sri Lanka by the aforesaid write-off and re-scheduling. Such compensation as at 31.12.2016 at market norms, as had been confirmed by Merchant bank of Sri Lanka Ltd., and Vanik Incorporation amounted to Rs. 1,798.5 Mn., for the write-off and Rs. 778.3 Mn., for the re-scheduling giving a total of Rs. 2,567.8 Mn., as payable by the Government of Sri Lanka to Nihal Sri Ameresekere, as per the said Agreements upon which Court had made Orders as Decreed. However, this instance had been with complex litigations, overcoming severe pressures and obstructions, and not a normal instance, and thus warranted for more compensation, including for the valuable legitimate right given up by Nihal Sri Ameresekere.

5“AND WHEREAS the Government wishes to continue to maintain without any impediment the cordial relationships with Japan and the Government has been concerned about the delay in the implementation of the aforesaid Agreements.

AND WHEREAS in these premises the Government, with the consent and concurrence of Mr. Ameresekere, has now agreed to proceed with the implementation of the said Agreements No.1 and 2 without the fulfilment of the conditions stipulated in Agreements No. 3 and 4 except as herein specifically provided. It is understood by and between the parties that GOSL will take administrative action, as permitted under applicable law, to give effect to the contents of Agreements No.3 and 4.”

කොළඹ හිල්ටන් හෝටලය ඉදිකිරීමේදී, ශී‍්‍ර ලංකා රජය විසින් ලබාදුන් රජයේ ඇපකර මත, සුප‍්‍රසිද්ධ ජපන් සමාගම් සමුහයක් විසින් වැරදිසහගතව කරන ලද අපකීර්තිදායක වංචාවක් නිහාල් ශ‍්‍රි අමරසේකර විසින්, ලියවිලි වලින් තහවුරු කරමින් කරුණු හෙළිකිරීම මත, ශී‍්‍ර ලංකාවේ ඉහළම අධිකරණයවූ ශ්‍රේෂ්ඨාධිකරණය විසින් ඓතිහාසික නඩු තීන්දුවක් මගින් තහවුරු කරමින්, රටෙහි විදේශ විනිමය මහා පරිමානයෙන් රටින් බැහැර කිරීම වැලැක්වීම සඳහා එම ජපන් සමාගම් සමුහයට සියළුම ගෙවීම් අත්හිටු වන ලදී. ඉන්පසුව සාපරාධිකරණය බිඳහෙළිය නොහැකි ලෙස විශේෂ ජනාධිපති කොමිසමක් ඉදිරිපිටදී නිහාල් ශ‍්‍රි අමරසේකර විසින් අවිවාදිත සාක්ෂි මත ඔප්පු කරන ලද අතර, මෙම වංචාව කෙසේවුවද බේරුම්කර ගැනීමට බලකරනු ලැබුවේ, එවකට ශී‍්‍ර ලංකාවට විශාලතම ආධාර සපයන්නාවූ ජපානය, ශී‍්‍ර ලංකාවට දෙනු ලබන ආධාර වැලැක්වීමට පවා තර්ජනය කරමින්, ජපන් රජය මගින් ඇති කරන ලද පීඩනයන් හේතුවෙනි.  එසේ බේරුම්කිරීම සඳහා එම නඩු ගොණු කළ නිහාල් ශී‍්‍ර අමරසේකරගේ බලවත් බලපෑම් මත ශී‍්‍ර ලංකා රජය විසින් ජපන් සමාගම් සමුහයට ලබාදුන් රජයේ ඇපකර මතවූ වංචනික ඉල්ලිම් වලින් 62% ක් කපා හරින ලදී. 1995 ජූනි මසදී එම කපා හැරීම ජපන් යෙන් මිලියන 17,586 ක්, එවකට ඇ. ඩො. මිලියන 207 ක් හෝ ශී‍්‍ර ලංකා රුපියල් මිලියන 10,200 ක් වූ අතර, එම කපා හැරීම වටිනාකම අනුව 2016.12.31 දින වන විට ශි‍්‍ර ලංකා මහා බැංකුවේ තැන්පත් පොලි අනුපාතය අනුව රුපි. මිලියන 89,927.6 ක් වේ.  ඊට අමතරව ජපන් සමාගම් සමුහයේ කපා නොහැරිය ශේෂ ණය ප‍්‍රමාණය එවැනි අකාරයටම වටිනාකම අනුව 2016.12.31 දින වන විට රුපි. මිලියන 51,884.7 ක මුදලක් වර්ශයකට 5.25% අඩුකළ පොළී අනුපාතයක් මත අවුරුදු 16 ක් තුල කොටස් වශයෙන් ගෙවීම සඳහා නැවත දිර්ග කරන ලදී. මෙම බේරුම් කර ගැනිම සහ ඊට අදාල ගිවිසුම් නිතිපති විසින් සකස් කල විශේෂ ජනාධිපති කොමිසම සහ අමාත්‍ය කැබිනට් මණ්ඩලය විසින් අනුමත කර, එම ජපන් සමාගම් සමුහය, හොටෙල් ඩෙවලෝපර්ස් (ලංකා) සමාගම (කොළඹ හිල්ටන් හෝටලය හිමි සමාගම) සහ අමරසේකර සමග ශ්‍රී ලංකා රජය විසින් අත්සන් කරන ලද නීතියෙන් බන්ධනීයවූ කොන්ත‍්‍රාත්තුගත ගිවිසුම් වල, ශ්‍රී ලංකා රජය විසින්ම පිළිගෙන ඇති පරිදි, අතිමහත් ලෙස රජයේ ඇපකර මත ණය කපා හැරිම සහ ඉතිරිය දිර්ග කිරිම ශි‍්‍ර ලංකා රජයට විශාල ප‍්‍රතිලාභයක් වු බව භාර ගෙන ඇත. ඉන්පසුව නිහාල් ශ්‍රී අමරසේකර විසින් ගොණු කර තිබු නඩු නිමිති මත ජපන් රජය විසින් ශ්‍රී ලංකා රජයට යොදන තර්ජනාත්මක පීඩනය හමුවේ ශ්‍රී ලංකා රජය විසින් හදිසියේම නිහාල් ශ්‍රී අමරසේකරගේ එම නඩු ඉවත් කර ගැනීමට  කල බලවත් අයැදීම මත, නිහාල් ශ්‍රී අමරසේකර විසින් ඔහුගේ නඩු ඉවත්කර ගනු ලැබුවේ ඉහතකී ගිවිසුම් වලට ගරු නීතිපතිතුමා විසින් සැකසු පරිශිෂ්ටයක් අනුව ‘පූර්ව කොන්දේසි’ ‘පසු කොන්දේසි’ වශයෙන් සංශෝධනය කිරීමෙන්, ඒ අනුව නිහාල් ශ්‍රී අමරසේකර විසින් එම නඩු බේරුම්කර ඉල්ලා අස්කර ගනු ලැබුවේ ශ්‍රී ලංකා වාණිජ මහාධිකරණයෙන් ඉහතකී ගිවිසුම් මත පැනවූ තීන්දු ප්‍රකාශයන්ට අනුවය. අමරසේකරට ඒ අනුව වන්දි ගෙවිමක් කිරිමට ශ්‍රී ලංකා රජය බැදුනේ ඔහුගේ වටිනා නිත්‍යානුකුල අයිතියද ඔහුට අහිමි කරමින් සහ ශ්‍රී ලංකා රජය විසින් ඉහතකී ණය කපාහැරීම් සහ දීර්ඝ කිරීම් මගින් විශාල ප්‍රතිලාභයක් ශ්‍රී ලංකා රජයට අත්කර ගනිමින්ය. ශි‍්‍ර ලංකා මර්චන්ට් බැංකුව සහ වනික් ඉන්කෝපරේෂන් විසින් තහවුරු කර ඇති වෙළදපොල පිරිමිති පරිදි, 2016.12.31 වන දිනට නිහාල් ශ‍්‍රි අමරසේකරට ශි‍්‍ර ලංකා රජයෙන් ගෙවිය යුතු මුදල වනුයේ, රජයේ ඇපකර මත ණය කපා හැරීමට රුපි. මිලියන 1,798.5 සහ ඉතිරි ණය දිර්ග කිරිමට රුපි. මිලියන 778.3 වු අතර, ශි‍්‍ර ලංකා රජය නිහාල් ශ‍්‍රි අමරසේකර සමග ඇතිකරගත් නීතිමය ගිවිසුම් මත අධිකරණ තීන්දු ප්‍රකාශයන්ට අනුව ඔහුට ගෙවිය යුතු මුඵ මුදල රුපි. මිලියන 2,567.8 ක් වේ. එනමුත් මෙය සාමාන්‍ය සිද්ධියක් නොවූන අතර, දැඞී පිඩන හා බාධා හමුවේ සංකිර්ණ නඩු නිමිති මත වු නිසා, මිට වඩා වන්දි මුදල් ඔහුට හිමිවිය යුතු වන්නේ නිහාල් ශ්‍රී අමරසේකරගේ වටිනා නෛතික අයිතියද ශ්‍රී ලංකා රජයට පවරා ගැනීම මතය.

5ශ්‍රී ලංකා රජයට කිසිම බාධාවක් නොමැතිව ජපන් රජය සමඟ සුහද සබඳතා පවත්වා ගෙන යැමට අවශ්‍ය බැවින් රජයද එම ඉහතකී ගිවිසුම් ක්‍රියාත්මක කිරීම ප්‍රමාද වීම ගැන සැලකිලිමත් වී ඇත.

මෙම තත්වය තුල, රජය, අමරසේකරගේ කැමැත්ත සහ එකඟතාවය මත, දැන් එකගවී ඇත්තේ ගිවිසුම් අංක 3 සහ 4 හි නියම කර ඇති කොන්දේසි සම්පූර්ණ කිරීමට පෙර, ගිවිසුම් අංක 1 සහ 2  හි කොන්දේසි ක්‍රියාත්මක කර ගෙන යාම සඳහා එකඟ වීමය.  රජය විසින්, ගිවිසුම් අංක 3 සහ 4 යටතේ ඇති කොන්දේසි ක්‍රියාත්මක කිරීමට අදාල නීති අනුව ක්‍රියා කිරීමට රජය වගකීමෙන් බැදී සිටියේය.”

FALSE & MISCHIEVOUS MEDIA BLITZ

අසත්‍ය හා කූට මාධ්‍ය මෙහෙයුම්

 
 

who Evaded from publishing the Statement

“ TRUTH OVERCOMES FALSEHOODS ! ”

“අසත්‍යය යටපත්කර සත්‍යය හිස ඔසවයි ! ”

සත්‍ය ප්‍රකාශය පළකිරීම මගහරී

- Comments -

The nation has to salute a son of the soil who had single handily fought and brought billions of rupees to the country’s coffer

V.K.Mahendran

I have known Nihal from my boyhood. We started school at Nursery Level and then entered S. Thomas at seven years of age in 1955. He was an exceptionally talented, ahead of his class and a super intelligent person who had a determination to dare and conquer. Such people always attract jealousy and the envy of the weak, the stupid and the fainthearted.
When craftily designed media releases were made to dampen and thwart the battle against corruption and fraud which has been fueled by the new leadership in place and for which Nihal has been almost single handedly spearheading in last two decades vested interested started a campaign of vilification. Sadly some of this loose talk was amongst his own profession.
The facts now so clearly revealed brings out the truth which is the only thing which ultimately matters. I hope the truth will interest the media as much as it paid attention to falsehoods giving headline coverage without verifying the credibility of their sources.

Mohan Mendis

When billions of Rupees or Dollars are secretly earned on Government Tenders by wheeler dealer Lobbyists these very Journalists are silent even cover up because they are well looked after by these crooks like prostitute Journalists. They are a disgusting breed of their own.

There is also the terrorist Journalists all over world who threaten exposure of persons of these illegally earning billions of Rupees or Dollars through blackmail to earn huge monies for themselves as being Journalists.

It is high time that they and their crooked media bosses are fully investigated and prosecuted like other ordinary people.

Also persons are used by crooks and wheeler dealer politicians and their catchers as ‘collectors’ like vultures.

Lawyers for Good Governance

It was very interesting read and I am very proud of you that you stood your ground against enormous odds and betrayal. Pursuant of the truth is the only way to live your life as we are required spiritually to uphold righteousness wherever we see unrighteousness. This is the message of Krishna to Arujuna in the Bagavad Gita

Bala Chandran

I have read the two long emails from lawyers who were part of your team. They are very informative and show that you get rewarded much better for being a crooked lawyer or a crooked accountant than if you are an anti-corruption fighter.

Dr A.C.Visvalingam

What a country be live in ? What journalism is this ? Nihal Sri Ameresekere has rendered yeomen public service more than any journalist or politician. Because he has been fighting and exposing fraud and corruption he would have had many enemies. This is obvious by the low-level media campaign against him. Even recently, he had been involved in some of the investigations concerning high persons and wheeler-dealers, who had hidden monies and gold overseas.

Mansoor

Ameresekere had a contract with the Government under which he had to be paid Rs. 2,100 Mn., in December 2014 when only Rs. 300 Mn., had been offered by P.B. Jayasundera, who had been angry with Ameresekere for having got him removed as Secretary, Finance Ministry. Ameresekere’s action had saved the Government Rs. 81,000 Mn., by December 2014 a 62% write-off on a Foreign Loan guaranteed by the Government and balance 38% re-scheduled for another 16 years.

This had been of great benefit to the Government. Ameresekere internationally recognized professional consultant should not have accepted the offer of Rs. 300 Mn., but insisted on receiving the normal professional fees at market rates which the Government paid in other cases.

For SLIC privatization PricewaterhouseCoopers and Ernst & Young had been paid Rs. 800 Mn., at current values. This transaction was reversed by the Supreme Court as fraudulent. The Government should have taken action against them to recover these fees on this fraudulent transaction. The Government got SLIC back due to legal action by Ameresekere in public interest. This also was of great benefit to the Government.

Jayantha

Happy New Year Nihal, Lilamani and family.

Forwarded your detailed account to my friend who than sent the Ravi K article.

This was my short summary of what I understand. Instead of being vilified, you should be recognized for the patriot that you are.

And it’s time they paid you!

Stay strong my good friend.

Wishing you the very best in 2016.

Raj

———————————————————————————————————————————
From: “Raj Barr”
Date: Dec 31, 2015 11:56 PM
Subject: Re: Fw: Ravi K under fire for batting for Nihal in Hilton claim
To: “Ranjith Sandanayake”

Dear Sande

Thank you for sharing.

This sounds worse than a soap opera.

In my mind, at the base of the whole imbroglio is the undisputed fact that the Jap company delivered a substandard building missing entire floors!

They then claimed payment for the full contract. They invoked Government Guarantees to force their claim.

HDL Board and few members of then govt were reluctant to point out the fraud, and Nihal did so.

Japan as part of SL Aid group flexed its muscles and threatened to withdraw USD 450 million. At SL Government pleadings, Nihal reduced his claim so SL could get the aid.

Long story short, he acted patriotically at every step. By the latest article says he has received 100m overdraft plus 125 in June 2015. The much reduced compensation promised by the govt is now in jeopardy.

I see that the govt cast includes many dubious characters involved since1995.

Slamming some like Ravi K today misses the point. NSA appears to have swum upstream all the way.

The whistle blower spent his money suing the Jap company for fraud and won.

His actions should be praised, not vilified by the press. A lesser man would have left the country. He is widely recognized internationally for his public service.

But then a prophet is seldom respected in his own country.

Dear Sande and family – Best wishes for a Happy New Year filled with peace, love, good health and happiness.

Raj

Raj Barr from U.S.

Extracts from Letters to Journalists, who had abused journalism as journalistic terrorists !

It is clear from the distorted and misleading articles published that the information had been sourced from one person/s, with the same manipulative material supplied for ulterior-motives and extraneous purposes. We give below some of the extracts from the Letters we caused to be sent to protect Mr. Nihal Sri Ameresekere, who was sought to be pilloried, whereas he should been hero-worshipped with gratitude. Basic values of journalism have shamelessly eroded for private motivations / agendas.

“Some of the instances where State moneys have been saved by his public spirited actions are:

– Tax Amnesty write‐off prevented Rs.200, 000 Million
– Sri Lanka Insurance plus Lanka Hospitals Rs. 75,000 Million
– Colombo Port Bunkering Facility & Monopoly Rs.15, 000 Million
– Citi Bank Oil Hedging Claim Rs.30,000 Million”

“Breaching banking secrecy is a criminal offence and possession of stolen bank documents is also a criminal offence, so too anyone who aides and abets or conspires therewith. You as publisher, who also claims such possession, is also liable under the law.”

“There is also the question of privity of contract, where no outside party could intermeddle or interfere with and/or aid and abet therewith, which you have condoned and tried to justify. These are offences under the law.”

“It is appalling that you have reproduced admittedly in full a Cabinet Memorandum, which is a secret document, which is only privy to the President and the Cabinet Ministers, and not even to any Member of Parliament. This is a serious breach of Cabinet confidentiality, violative of applicable laws and regulations, attracting severe punishment.”

“Nothing hinges on the CANC Minutes and the Cabinet Decision of 2005, but only the reconfirmation of professional compensation payable to Mr. Ameresekere by the Government. The Settlement referred to was a settlement of Cornel & Co. Ltd’s last Case which got dismissed finally in June 2014. Mr. Kanagasabapathy, DG‐Public Enterprises for reasons best known to him has attempted to mislead mischievous parties.”

“Mr.Kanagasabapathy had been involved in the Sri Lanka Insurance Privatization against which Mr.Ameresekere had caused to be filed a Case in the name of Mr. Vasudeva Nanayakkara, which Mr.Amesekere had appearing in person prosecuted with success to get Sri Lanka Insurance and Lanka Hospitals back to the Government. At current values these two businesses are worth over Rs. 75,000 Million.”

“The Supreme Court held the above was a fraud. PWC and E&Y had been paid at current values Rs 800 Mn as professional compensation by Mr. Kanagasabapathy and others out of public funds. After the Judgment should not these monies been recovered? But Mr. Kanagasabapathy did nothing. He was also involved in the Evaluation Committee which recommended Petroleum Corporation to enter into the Hedging Deals which resulted in losses of US $ 240 Mn (Rs 35,000 Mn) with legal costs of over Rs 750 Mn.”

“When the Government was squeamish in confronting the perpetrators of a huge fraud in the Hilton Hotel project construction, Mr. Nihal Sri Ameresekere singlehandedly spending his own money and with much efforts exposed this fraud thus saving our country a sum in excess of Rs.87,000 Million at current values – I repeat, a sum in excess of Rs.87,000 Million!”

“Mr.Ameresekere had been asked by the Treasury/Government to continue to prosecute his main Case after Enjoining Orders had been obtained preventing any payments to the Japanese, as it prevented the cross default of Sri Lanka’s foreign borrowings, with reserves being very low at that time.”

“Thereafter, after the Japanese Government’s pressures Mr.Ameresekere had been urged by the Treasury/Government to settle his Cases. For this he negotiated and obtained a massive write-off of the loan and rescheduling of the balance loan, which had been fully guaranteed by the Government. For this purpose, Agreements had been executed between the Government, the Japanese and Mr. Ameresekere. The Government, admitting the immense benefit to the Government as the Guarantor had a direct Agreement to pay Mr. Ameresekere professional compensation, before he withdrew his Cases.”

“After undisputed criminality had been established before the Presidential Commission, the Japanese had wanted to have his Cases withdrawn threatening to pull out their Aid component to Sri Lanka. The Japanese were the biggest Aid giver to Sri Lanka at that time.”

“Mr.Ameresekere had once again been urged by the Government to withdraw his Cases and that professional compensation to him would be paid thereafter and Mr.Ameresekere had once again agreed to such anxious urgings of the Government. HDL had US$ 30 Mn at that time due to injunctions obtained by Mr.Ameresekere. In this context an Addendum had been signed by the Government with Mr.Ameresekere and the Japanese. The US $ 30 Mn held by HDL had to be paid to the Japanese.”

“Mr. Ameresekere had agreed as per the Agreement to have his professional compensation determined by an independent financial Institution. The Government engaged Merchant Bank of Sri Lanka for that purpose. As per the Merchant Bank of Sri Lanka the market norm was 2 % for a write‐off and 1.5 % for re‐scheduling of a debt. That is in a normal instance, but Mr. Ameresekere’s case had been in an instance with heavy litigation.”

“At such market norms of 2% of the write‐off and 1.5% of the re‐scheduling professional compensation would amount to over Rs.2,300 Mn., as at end November, 2015. The Government had offered him only 14% thereof, i.e. Rs.300 Mn. and had obtained his written confirmation. This is an effective rate of 0.13% only against 2% & 1.5% market norms.”

“The professional compensation at normal professional compensation rates at 30th November 2015 as confirmed by the Merchant Bank of Sri Lanka Ltd., and updated by Auditors Jayaweera & Co., Chartered Accountants, had amounted to a total of Rs. 2,300 Mn. Hence, Rs. 300 Mn., is far from a bonanza but a pittance of only 14% of what had been professionally independently assessed at market norm. With even an iota of intelligence you will now realize and rectify the false mischievous scandalous misleading heading you had given as above.”

“Mr. Ameresekere, is fully justified being professionally compensated at market values for his courageous efforts from which the Government as the Guarantor had immensely benefitted and had contractually agreed to pay him such professional compensation.”

“As regards Merchant Bank of Sri Lanka, their opinion is very clear. They stating that if there was no Settlement Agreements entered into, then professional compensation for Mr. Ameresekere would not have arisen is a fiction. If that was the case, then the Government would not have been a stakeholder of HDL today, but Mr. Cornel Perera and Mr. Ameresekere, among others.”

“Mr.Ameresekere made a big mistake in withdrawing the Cases because of the Japanese pressures on the Government. Had he continued with the Cases, he would certainly have won. Then today Mr. Cornel Perera and Mr. Ameresekere would be the main stakeholders of HDL which they had promoted. With payment to the Japanese after winning the Cases the Government Guarantees would have got cancelled and the Government would not have had any ownership of HDL today.”

“Then there would not have been Competent Authority, Mr. Senaka Walgampaya. He has given a reckless, wrong and unwarranted opinion. It appears that he had not even examined the Agreements. He has interfered and intermeddled with the Government’s Agreement with Mr. Ameresekere. He has signed a media notice asking voters to vote for President Mahinda Rajapakse, whilst being a statutory Public Officer.”

“Mr. Ameresekere had to be paid such professional compensation before he withdrew his Cases as per the signed contractual Agreement with the Secretary to the Treasury, formulated by the Hon. Attorney General and approved by the Cabinet, to withdraw his Cases due to pressures from Japan. Later due to further pressures from Japan to have the Cases withdrawn immediately as morefully set out below. Mr. Ameresekere had heeded the urgings of the Government in the national interest to withdraw the Cases with the Government promising by an Addendum to the Agreement executed with Mr. Ameresekere as formulated by the Hon. Attorney.”

“You have published the above Article in your Newspaper which has caused harm, with falsehoods and distortions, without the full disclosure of the totality of the facts, thereby brining Mr. Ameresekere to public ridicule and odium in particular your reference to the impeachment of the former Chief Justice Shiranee Bandaranayake alleged to have been in December 2014, is false and by innuendo casts aspersions on Mr. Ameresekere’s bona-fides. ”

“Mr. Ameresekere had been advised by Counsel to take legal action to sue all those persons, who have interfered and/or intermeddled, causing scandal / controversy, vis-à-vis, his exclusive Agreement with the Secretary to the Treasury, pertaining to the write-off of a Foreign Loan and re-scheduling of the balance Foreign Loan under State Guarantees issued by the Treasury, with an Agreement, signed with Mr. Ameresekere by the Secretary to the Treasury on behalf of the Government, which is a matter coming under the purview of the Ministry of Finance. Government had entered into such Agreement as Guarantor, who have benefited by a write-off of around Rs. 87,000 Mn., as at November 2015. ”

This is a subject matter for the Finance Ministry and not any other Ministry. This is a Foreign Loan under State Guarantee being written-off and re-scheduled under an Agreement between the Treasury representing the Government and Mr. Nihal Sri Ameresekere. This is very basic and elementary for anyone in Government to have known.

Group of Lawyers and Accountants to protect Mr. Nihal Sri Ameresekere

I was so happy to read Truth overcomes Falsehoods.
I am sorry for the injustice meted to you upto now, after you have saved billions for the country.
Justice will triumph at the end.
My Best Wishes and prayers are always for you.

James Mather

Dear Ranjan

I am congratulating you warmly on your courageous initiative to assist and defend Nihal Sri Ameresekere

I have been following up with great interest the scandals exposed by Nihal Sri Ameresekere since he published his several books exposing the criminal corruption, mismanagement and incompetence at the highest government level that have plagued Sri Lanka for so many years already

Reading the works Nihal Sri Ameresekere has given me a unique glimpse into the secret state financial underworld dealings that have hampered for decades the expected boom of post-colonial Ceylon after the end World War II

S&F
Jacques

Jacques Huyghebaert

“Life is a continuous battle between the forces of Good and Evil”– The Bhagavad Gita

Having studied the matter very closely over the years, looked at original documents, agreements and relevant data, it would seem to me the facts are crystal clear.

In the evil doer’s corner:

• The Japanese Conglomerate Mitsui-Taisei – proven acts of criminality defrauding the stockholders of HDL (and GOSL – who provided loan guarantees).
• The Japanese Government – strong arming GOSL to withdraw actions – threatening withholding of foreign aid.
• The Firm of Chartered Accountants – who refused to change the audit report after acts of fraud was exposed.
• Public officials within GOSL leaning towards the perpetrators of crime for personal benefit and glory

On the side of Goodness: Nihal Sri Ameresekere.

The beneficiary: GOSL, the people of Sri Lanka

The Extent of benefit to the taxpayers of Sri Lanka: Rs. 10,200 Mn in 1995 ( write off of 62% of fraudulent claims by the Japanese). In today’s terms: Rs. 87,000 Mn.
Professional fees due to Nihal Sri Ameresekere determined by Merchant Bank (engaged by SL Treasury )- based on total benefits derived by GOSL in today’s terms is Rs. 2,539 Mn.

The facts being clear, one would think that this matter would be put to rest once and for all.
But life is a continuous battle between Good and Evil.

We have a new force of Evil that has entered the picture!!

The Free Media..!

Young Journalist Richard de Zoysa laid his life for the cause of journalism and good reporting in 1990. Since that time countless number of journalists were killed or otherwise silenced in Sri Lanka. In the past brutal regimes have shackled and bound the journalists forcing them to fall in line.

With the new government taking office in January 2015, the media felt a newfound freedom. One would expect the media to act responsibly with professionalism and conduct themselves according to the code of ethics that governs the profession.

But all what they seem to have done is abuse the freedom.

Half truths and ill researched stories are published under banner headlines to create sensationalism and excitement. Facts get buried in the countless words used by the tabloids to make your adrenaline pump. Truth gets flushed down the toilet.

Therefore we have to ask ourselves, which is the greater Evil in this instance ?

The Japanese conglomerate, Japanese Government, the Accounting firm, Public servants within GOSL,
OR
The so called free media, who distort the truth, write ill researched articles with malicious intent to create excitement and sensationalism.

K.Praba Chandran, USA

MEDIA DUPLICITY !!!

Nihal Sri Ameresekere had obtained on Claims made by Mitsui & Taisei of Japan on Loans guaranteed by the Government of Sri Lanka, a total write-off of Jap. Yen. 17,586 Mn., in June 1995, then SL Rs. 10,200 Mn., which as at December 2015 amounts to a value of SL Rs. 87,000 Mn., and had also re-scheduled the balance Loan at today’s value of SL Rs. 53,000 Mn., over another period of 16 years, at reduced interest.

In September 2014, when Japanese Prime Minister Shinzo Abe visited Sri Lanka, the Daily Mirror on September 8, 2014 gave a screaming headline “ABE ARRIVES WITH YEN 13B LOAN”, which at today’s value is only SL Rs. 15.6 billion ! The above Loan write-off which had been obtained by Ameresekere, in comparison with today’s value amounts to over 5½ times the Loan given by Japanese Prime Minister Shinzo Abe.

What Ameresekere had obtained had been a total write-off, and not a Loan to be re-paid. Certain Journalists have attempted to scandalize Ameresekere, without learning the facts, disgracing the profession of journalism.

Ranjan Sriskantha

Congrats Nihal on your integrity. U may not remember be. WE used to meet when u were with your father at Times Buiding. The day u passed the CA exam I gave u a lift to Moratuwa on my scooter. Now I live in Sydney.

Ranjan Rodrigo

Ranjan Rodrigo

Hey there would you mind sharing which blog platform you’re using? I’m planning to do my own website soon but I’m having a hard time making a decision.

Admiring the dedication you put into your blog and detailed information you provide. It’s nice to come across a blog every once in a while that isn’t the same outdated rehashed information. Excellent read! I’ve saved your site and I’m adding your RSS feeds to my Google account.

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