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FCID Commences Probe On Krrish Deal

By Mandana Ismail Abeywickrema

The police Financial Crimes Investigations Department (FCID) has commenced an investigation into the controversial Krrish Transworks Colombo (Pvt) Limited project that was initiated during the former Mahinda Rajapaksa regime. Several VVIPs of the former regime are hence expected to be interrogated by the FCID in the next few weeks.

The US$ 650 million Krrish square mixed development project in Colombo was aimed at constructing four high-rise buildings containing a luxury hotel, apartments, malls and office space covering a land space of 4.3-acres on a 99-year lease from the Urban Development Authority (UDA).

However, the Krrish project was marred with controversy and allegations made of secret payoffs to several prominent figures of the former regime including a few VVIPs in order to expedite the relevant approvals. The issue of the alleged payoff resulted in a controversy over the final installment the Krrish Group was due to pay the UDA to complete the land lease transaction. The project has been stalled since March 2013.

It was reported at the time that Krrish had deposited the amount equivalent to the final installment for the Krrish Transworks Colombo (Pvt) Limited project in a private bank in Singapore as a payoff to a VVIP. The final installment that was due to the UDA by Krrish amounted to around Rs. 450 million.

The names of several powerful members of the former regime were highlighted in the controversial Krrish project while drafting of the agreement was undertaken by a legal firm that was owned by the son of a VVIP of the former regime.

 The Sunday Leader learns that the relevant files have gone missing from the respective legal firm.

Krrish has so far made a payment of Rs 4.4 billion while the total due to the UDA is Rs 4.995 billion. The final payment is yet be made to close the land lease deal.

Be that as it may, officials from India’s Krrish Group visited the country early this year to discuss the possibility of resuming the stalled project under the new government.

Accordingly, a discussion was held between the Krrish officials and the Chairman of the Board of Investment (BoI), Upul Jayasuriya.   The BoI during the discussion had requested Krrish to pay the dues and continue with the project. The Krrish Group however is yet to respond positively to the request.

6 Comments for “FCID Commences Probe On Krrish Deal”

  1. Psycho

    FCID looks a bull shit organisation, so far they have investigated plenty of chaps and no result.
    All fart no shit.

    • Psycho
      Spot on Psycho

      Arrest dirty Mureders Naml and Gotabaya to custody to gain your credibility
      they are blue Murderers,no question

    • punchinilame

      Here is a list of Cases as filed by the FCID – now it is matter for the
      Ministry of Justice – headed another Rajapakse!
      1. Case No. 474/2015 at Fort M.C. dealing with Hedging Fund and involving A.N.Cabraal, PB Jayasuendra, A de Mel, L.Karunaratne (Rs.200-700 Million ) 2. Case No. 24327/2015 at Chief M.C.(3) In the matter of Lanka Hospital shares and connected to G. Rajapakse, Roshini ,Cabraal, N.Godahewa, D.Jayaweera, M. Medihewa, W.Amunugamuwa, D.P.Y. Wijesinghe. (Rs. 600 million) 3. B26907/3/15 at Colombo M.C re Housing deals connected with W.Weerasena,B.K.J.K.Perera. 4. B/40/2015 at Kaduwella M.C. re Land purchases, involving Mrs. W.Weerasena, C.S.Ranasinhe. 5. B323/15 in Tangalle M.C. about Carlton Pre-school construction involving State Eng. Corporation Staff (Rs. 35 million) 6. 8674/15 in Pugoda M.C. re Development works, involving B.Rajapakse, N. Thirukumar 7. B22467/1/15 at Colombo Chief M.C. re Money Laundering by M. Aluthgamage (Rs. 3 – 27 million) 8. B22468/1/15 in Colombo Chief M.C. on Wealth acquired of Dr.P.B. Wickrema. 9. B25389/1/15 at Colombo C.M.Court re Money Laundering by G.Senarath. 10. B25166/3/15 at Colombo Ch M.C. Teleshan TV Network with A.Pilapita S.Wickremasinghe, and Sil Reddi with L.Weeratunga and Ven.V.Somananda Thero. 11. B9825/15 at Kaduwela M.C. re CSN Channel involving ITN Directorate & Staff. 12. B35/15 at Kaduwela M.C. re ownership of Marriot Hotel in Dubai with N.Lokuwitharne and M.Rajapakse ( Rs. 48 to 190 million) 13. B27453/1/15 at Hultsdorf M.C. about Lanka Logistics Arms importing connected to G.Rajapakse, P.B.Jayasundera, Mohan Peiris, J.Wickremasinghe. 14. B/663/15 at Fort M.C. on Bank of Ceylon, Seychelles by M. Rajapakse & family 15. Greek Bonds purchase with names of Cabraal & Rajapakse in Petition Colombo M.C of 15.8.15 involving Rs. 1257 million 16. Sajin Vass Gunewardena in abuse of Public property, at Fort Magistrate Court, remanded since May, 2015. Also at Bribery Com. for questionable Assets. 17. Petition accepted in Supreme Court on 6.8.15 re Vehicle Permits abuse 18. Case No. 50/10 at High Courts, Kandy: Captain Wickremasinghe`s activity in Giritale Army Camp re Torture Chambers – under G. Rajapakse`s directions? 19. On Bail – Rohita Bogollagama 20. B/C Case – BC/2370/2011/B1 – 1 Billion heist: Pradeep Gunawardana (C`man State Trading Corporation) 21. B 586/15 in the Fort Magistrate’s Court on June 5, 2015 re Pushpa Rajapaksa Foundation & SMB payments. 22. Champika Karunaratne –Former Coordinating
      Secy.of MR remanded over Fraud (10 million) 23. M.C Nuwara Eliya Case of Prof. Dharmasiri in fraud of David Paynters Art work worth Rs.37 Million ? . etc etc

      e.&o.e

  2. Max

    Fcid is useless

  3. former regime ministers and government officials are involved in corruption .the present government the ministers are in the government in a national government,
    present government who lost election , by people and for the people are in present cabinet mr Ranil friends are important than good democratic government. the investigation will go under the carpet,

  4. WalaGemba Raja

    Krishh investors revealed to me that they paid half a billion SL-Rupees in bribes and kick backs to the Rajapaksha family and few other local government officials. The biggest bribe was for the Goat-shark at the UDA.

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