(Lanka-e-News- 23.Feb.2016, 9.00PM) How the state bank- Lankaputra bank was allowed to be robbed without let or hindrance during the Mahinda Rajapakse corrupt brutal reign by his henchmen and lickspittles was revealed at a recent media briefing by minister Ranjan Ramanayake while having the chairman of Lanka putra bank as witness via the phone.
It was disclosed that during the corrupt and criminal reign , Rs. 5 billion was released as loans to political henchmen , and out of that sum , Rs. 2 billion could not be recovered. That is the borrowers have defaulted payment with impunity . It is impossible to recover the loans because spurious guarantees have been given. This information is most rudely shocking , it was pointed out.
One such borrower has kept a Thiruwana stone stating it is a precious stone and taken the loan . A scoundrel of an actor who did the sordid biddings of Mahinda Rajapakse had taken a loan purportedly to produce a film giving a land as guarantee . But that land which is vulnerable to landslides had been rejected by Valuers on two occasions as worthless . Ultimately , no film too was produced by that culprit.
Another UPFA provincial council member had obtained a loan , citing the reason that it is for boat building. In the end no boat was constructed. PC Minister D.T Upul who screamed from the DIG down to the constable of the FCID should be stoned to death had taken a loan from the bank by providing a bogus Temple land as guarantee. The garment businessman Kumar Devapura had taken a loan of Rs. 500 million without any guarantee . He too had not repaid the loan and cheated the bank wholesale.
Believe it or not , it is Gamini Senarath , the chief of staff of ex president Mahinda Rajapakse who had exerted pressure to grant these loans. The FCID is conducting investigations into these frauds and defaults. The video footage of Ranjan Ramanayake’s exposure is hereunder
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by (2016-02-23 22:16:55)
 given as guarantee and loans taken by Rajapakses and henchmen – daylight robbery at Lanka Putra bank ! (video))
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2 discussion on this news
These robberies were very obvious at the time the bank "gave" those loans. The Sitting Chairman at that time, all the Directors as well as the upper level management should be severely punished, with total take over of family properties and long-term rigorous imprisonment. If I remember right, Lankaputhra Bank did not have any funds at that time. Funds were forced to be diverted from another source - just for these robberies to be carried out.
-- by W.A.Indrapathy on 2016-02-23
I am a banker. Under the banking act issuing a cheque without funds is a criminal offence. Let the bank or FCID file criminal action against these borrowers and confiscate their assets acquired for the last 10 years and send them to jail before they leave the country.
-- by saman on 2016-02-26
