The Sunday Leader

Funds flowed to CSN from Seychelles

by Ashanthi Warunasuriya

Funds had flowed into the Carlton Sports Network (CSN) from accounts in Seychelles, Government sources said based on ongoing investigations.

A company had been formed in Seychelles to transfer the funds to CSN when former President Mahinda Rajapaksa was President. Investigations have also revealed that funds had been transferred to the company in Seychelles from other countries as well.

A foreign investor had looked to purchase shares in CSN through the company, sources said. The transfer of funds to CSN from Seychelles had been carried out through the HSBC bank and the Bank of Ceylon which has a branch in Seychelles. Investigations further revealed that a relative of former President Mahinda Rajapaksa had carried out the transactions on behalf of CSN. The police Financial Crimes Investigations Division (FCID) is meanwhile investigating the alleged deals carried out by the relative of the former President.

When contacted, Justice Minister Wijeyadasa Rajapakshe said that the deals involving CSN are under investigation.

He said that officials connected to the deal will also be investigated and legal action will be taken.

Seychelles is known to be a destination used by the Rajapaksa family to carry out some of their deals. The Sunday Leader recently reported how several projects launched in Seychelles by former President Mahinda Rajapaksa during his tenure, are on the brink of closure.

Bank of Ceylon (BOC), Sri Lanka Insurance, Mihin Lanka and Nawaloka Hospital opened their respective offices coinciding with Rajapaksa’s visit to Seychelles in June 2014.

However, the High Commissioner for Sri Lanka in the Republic of Seychelles, Tikiri Herath Gunathilaka, had said that despite some of Rajapaksa’s pet projects closing down, many other Sri Lankan companies were interested in commencing operations in Seychelles.

 

6 Comments for “Funds flowed to CSN from Seychelles”

  1. Sylvia Haik

    Funds, mosly illegal, flow into Seychelles because of their secrecy laws. The companies registered here do not have to disclose who the directors/owners are and do not have to publish accounts or minutes of meetings. It is evident the Rajapakses are involved and they might feel secure because of Seychelles secrecy but the Money Laundering laws are internationally administered and our investigators will need their help, especially USA that recently fined HSBC 54 Billion Dollars convicted of money laundering and that bank is involved in Seychelles too.

  2. carlos

    So is Mihin Lanka still operating from there?

  3. We hear lots of stories, but without arrest. Now I don’t believe one word from this government. Mahinda is the winner and rest of us are all losers. Ranil plays double game so do Wijeyathasa Rajapakse.

    • len

      Sorry Amir
      No one will get arrested some lower order henchmen eventually will be scarified to put show on for disgruntle masses. What so mindboggling majority of Sri Lankans were gullible to believe MS who sat in with Mahinda’s excesses as thick as thieve till lost his power and RW who softly, softly indirectly supported MR to stay in power somehow bring MR to his knees in the name of justices.
      What happen in Sri Lanka main Grand daddy Poacher namely MR and his band of illegals hunters are been looked after by newly elected game keepers MS,RW & party hopping self-serving crooks who were and still are the lookouts for MR with full of s##t.

  4. daggy

    First need to find how the funds flowed to the LTTE & from where and then those funds received by Ravi.K was legitimate and then consider whether funds received to the CSN too is legitimate.

    Yahapalana need to serve all from the same spoon.

  5. Kumaran

    SEE THE INDIAN MOVIE SIVAJI, HOW THE HERO GETTING MONEY FOR HIS CHARITY, THE MR GOONS USE THE SAME METHOD TO GET MONEY TO CSN, MR MAY HAVE SEEN THE MOVIE ALREADY

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