Sri Lanka – Political and Economic Crises

July 9, 2022

Sri Lanka – Political and Economic Crises

Padmini Arhant

Update: With Sri Lanka facing financial catastrophe, it is incumbent on all off shore tax havens and foreign bank accounts in Switzerland, Singapore, United States, European Union member states, Mauritius,  Seychelles, Virgin Island and island nations in South Pacific, Atlantic and Indian Ocean i.e. worldwide to freeze assets and security holdings of Mahinda Rajapaksa, his brother, the ousted President Gotabaya Rajapaksa and the entire Rajapaksa family including Sri Lankan key political members and other influential forces in Sri Lankan society.

The Rajapaksa family and other affluent members in Sri Lanka known for massive corruption scandals and backend deals with China, India and other foreign contracts are obligatory to surrender the nation’s wealth amassed by them to the economically struggling Sri Lankan people in entirety without any alienation or segregation of any demography.

The offshore accounts holdings of the Rajapaksa family and others return remittance of funds to Sri Lankan treasury is critical to ease the financial meltdown created by the absconding Mahinda Rajapaksa, Gotabaya Rajapaksa and family as well as every one of those individuals behind the systemic financial fraud. 

Unfortunately, the Sri Lankan Buddhist monks initially responsible for rallying behind Mahinda Rajapaksa and playing a negative controversial role in Sri Lankan politics is against Buddhism and Buddhist ideology.

Sri Lankan Buddhist monks remaining committed to religious activities and refraining from politics conclusively would epitomize Sri Lankan Buddhist religious dias adherence to Gautam Buddha’s philosophy on detachment to political power and authority.

Gautam Buddha renouncing the throne in quest for knowledge about life and existence that was shared among those desired to learn from Gautam Buddha’s teachings is the paradigm. Accordingly, the disciples and those drawn towards buddhism are naturally expected to pursue and observe Buddhist values  exemplified by Lord Buddha prior to and post nirvana.

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~The political and economic crises drowning the island nation Sri Lanka in dire straits is the result of feudalists and fiduciary interests overwhelming the economic situation in the country.

Sri Lanka’s bankruptcy exacerbated by Mahinda Rajapaksa and family regime boosted and bolstered by political regimes in neighboring India – previously the Congress led by Sonia Gandhi and subsequently by the successor Hindutva fundamentalist RSS run BJP Narendra Modi regime in New Delhi.

The foreign intrusions were not limited to India and China in Sri Lanka, the international criminal clique adept at bankrupting economies via corrupt proxy and puppet regimes fitting in with upending democracy and political stability anywhere extended the nod in installing the unpopular, corrupt and violent Rajapaksa regime by unconstitutionally removing the predecessor government from power.

Now when the chips are down and having been instrumental in Sri Lanka’s political and economic turmoil, these foreign powers behind the mayhem have exploited the economically embattled Sri Lanka’s position.

China on its part as creditor has strangled Sri Lanka’s economy albeit with then President and later Prime Minister Mahinda Rajapaksa’s surrender to China’s extraordinary financial demands that included the strategically critical sea port on the Indian Ocean – the Hambantota port in Southern province of the island.

The neighbor India under Narendra Modi’s regime on their part having been the front line supporters in illegally reinstating the Rajapaksa regime in power along with the likes of BJP’s Rajya Sabha MP Subramanian Swamy rooting for Mahinda Rajapaksa did not want the Sri Lankan crises to go waste.

Narendra Modi’s government exclusively at the service of Adani and Ambani oligarchy in India recently had the Adani groups grab the strategic port terminal project in Colombo on September 30, 2021 titled Build Operate Transfer (BOT) pact.

‘The 35 year-long BOT agreement entitles the Adani Group majority stakes at 51%, while John Keells would hold 34% and the SLPA 15% per news reports verification.

Furthermore public details on this deal –

“Colombo West International Container Terminal (CWICT) at the strategically advantaged Colombo Port, located amidst one of the busiest shipping routes in the world.

Primarily a container port, the Colombo Port has handled over 5 million TEU of containerised cargo. It has five functional terminals.”

The Indian and Sri Lankan news reports confirm the Indian government under Narendra Modi pitched the Sri Lankan BOT deal as Adani Ports and acquired the same using diplomatic extortions involving the Indian External Affairs Minister JaiShankar’s several visits to the capital Colombo to negotiate on Adani group’s behalf and favor.

The Sri Lankan government were hamstrung and subject to blackmail in the deal process according to the leading daily and sources on either side.

The news reports claim the deal nearly abandoned by Sri Lankan government due to protests from Sri Lankan population comprising port workers, unions, nationalists groups and Buddhist monks against selling national assets.

Regardless the deal was revived using shady political tactics that are commonly reported in Adani Ambani related business targets. The trend vigorously maintained in India by Narendra Modi government in servile commitment handing public sector to Adani Ambani empire much to severe economic plight of the Indian unemployed youth and majority workforce.

In addition to the Colombo port deal to Adani group, India’s ordinary citizens funded government dispensation under Narendra Modi were prodded by Adani to clinch the two large power projects in Sri Lanka’s northern province.

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“According to Indian daily – The Hindu – titled

After port terminal deal, Adani group bags power projects in Sri Lanka

India’s Adani Group has signed a deal for two large power projects in Sri Lanka’s Northern Province, six months after it bagged a strategic port terminal project in Colombo that it is now executing with majority stakes.

There is no official announcement or statement yet on the agreement to jointly execute renewable power projects in Mannar, on Sri Lanka’s north-western coast, and Pooneryn, located just south of Jaffna Peninsula, from the Sri Lankan side, the Adani Group, or Indian authorities, raising questions in some quarters on the apparent lack of transparency in an international agreement. “While it was not announced, the CEB also signed a Memorandum of Understanding with India’s Adani Green Energy Ltd,” the Colombo-based Sunday Times reported.

Revealing the details of the MoU, Sri Lanka’s weekend newspaper The Sunday Morning said the two renewable energy projects, involving the Adani Group, were aimed at generating combined capacity of 500 MW, at a cost of $ 500 million. Both projects are in the Northern Province, where New Delhi objected to a Chinese energy project last year, citing proximity to the Tamil Nadu coast.”

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What is happening in Sri Lanka is synonymous to western invasion and occupation of Afghanistan, Iraq, Syria, Libya and bifurcation of Sudan…in 2001, 2003, 2011, 2012, 2013, 2014…etc. under the pretext of western liberation of these countries that were anything but liberty for the people of these targeted nations in the project for new american century (PNAC).

For example Afghanistan is rich in resources like copper, gold, oil, natural gas, uranium, bauxite, coal, iron ore, rare earths, lithium, chromium, lead, zinc, gemstones, talc, sulphur, travertine, gypsum and marble.

No wonder the central asian nation Afghanistan has been invaded by British imperialists to Former Soviet Union, then American and western NATO alliance, China and India in the last decade competing with each other through the so-called soft power – infrastructure gimmick.

Interestingly none heed lessons from the predecessors and the persisting curse on Afghanistan invaders and occupiers’ era ending with severe blow to imperialistic quest and economic liabilities in the season finale. 

The western military invasion set the trail for looting and pillage of those nation’s treasure especially free oil stolen from Iraq, Syria and Libya or rich minerals from Afghanistan and uranium from Ukraine prior to Russian invasion on February 24, 2022 in plain public sight.

The tradition set precedence for others like China and Indian oligarchy to follow suit via customized piracy in their region like Sri Lanka and elsewhere.

With such western legacy and backdrop the reference gold digger nuanced at me as personal attack by unscrupulous billionaire club and alike is the weirdest obnoxious hypocrisy ad nauseam.

Nonetheless, the vexed and desperate Sri Lankan population storming the President’s palace in the last 24 hours demanding the resignation of the entire failed government beginning at the top President Gotabaya Rajapaksa, a U.S. Citizen installed by external and internal corrupt forces in power together with Prime Minister and others removal from office was expected sooner than later.

The public patience and endurance to tolerate government’s blatant abuse of power destroying economy by selling public owned national assets to private and foreign ownership thereby subjugating the nation and people to exploitative environment is the worst treason from any leadership against own citizens and country.

The public outbursts unfolding in Sri Lankan capital right now is the clarion call for corrupt regimes to step down from office and quit treasonous activities misinterpreting the so-called political capital against the electorate.

Sri Lanka is at the crossroads of regaining power to unified republic against corrupt feudalist fiduciary system having transformed the nation into a vassal state to China and Indian oligarchs and a banana republic in economic status.

The current developments and deterioration in Sri Lanka is the end product of massive internal and external collusion reminiscent of subverting developing and growth oriented economy into insolvency experienced by nations worldwide throughout twentieth and twenty first century.

The people power at times like these have demonstrated their determination to take control of the nation made possible upon chasing the raccoons raiding the domain.

Sri Lankan citizens reinstating constitutional governed democracy with transparency and accountability to the nation’s republic barring nepotism, political dynasty and importantly foreign interventions aimed at sabotage of political and economic prospects is the preliminary step towards rescue operation of the coastal state.

Padmini Arhant

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com 

Written by Padmini Arhant · Filed Under Featured, Indian Sub-Continent, International Politics 

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