65 SRI LANKANS IN PANAMA PAPERSPublished : 9:00 am May 11, 2016 | No comments so far | | (644) reads |
The names of 65 Sri Lankans, including Avant Garde Pvt. Ltd Chairman Nissanka Senadhipathi, were revealed by the International Consortium of Investigative Journalists (ICIJ), as being among those mentioned in the controversial Panama Papers
The names were connected to 53 Sri Lankan addresses. The ICIJ website also contained seven intermediaries and three offshore entities under ‘Sri Lanka’ in the Panama Papers. OVERSEAS FINANCE Ltd, TECLLOYD LTD and BEST CHEERS were the three offshore entities linked to Sri Lanka incorporated in the British Virgin Islands. Mr. Senadhipathi and three shareholders — Senerath Bandara Dissanayake, Prasanna Athanasius Sirimevan Rajaratne and Y.H.P. Kithsiri Manjula Kumara Yapa had incorporated an offshore company through Mossack Fonseca & Co. (Singapore) Pvt. Ltd in August 2012. Former Megapolis and Western Development Ministry Consultant Vidya Amarapala’s name was also mentioned in the list.
Mr. Amarapala, a one time CEB Chairman, resigned from his post at the Megapolis Ministry last month to facilitate any possible inquiry. The Website said Vidya Dilruk Amarapala was a Director of Sovereign Capital Corporation Pvt. Ltd. However, the ICIJ said there were legitimate uses for offshore companies and trusts. “It’s not our intention to suggest or imply that any persons, companies or other entities included in the ICIJ Offshore Leaks Database have broken the law or otherwise acted improperly,” it said. Central Bank Governor Arjun Mahendran earlier said they were investigating the material linked to the Panama Papers and the individuals who were holders of offshore accounts.
Senadhipathi denies allegations
BY LAHIRU POTHMULLA Avant-Garde Chairman Nissanka Senadhipathi yesterday denied holding funds in Panama as published and presented in the media and social media websites, his counsel Nishan Premathiratne said.