Sarath Wijesinghe
Justice is not only be done it must seem to be done
Citizen is expected to be given their cherished Nation to the hands of honest leaders of integrity on trust for a limited period to administer the Nation on trust as “Temporary Trustees”. Some trustees are elected, some appointed. President Prime Minister and Speaker are elected and the Chief Justice, Auditor General Attorney General and the Governor Central Bank are appointed. Appointments should be made with utmost care and trust to select the best candidate of integrity and honesty. Their conduct should be whiter than white. There should not be direct or indirect benefits to him or the family members which included son-in laws. This sacred position is bound by written and unwritten guidelines under the principles of good governance. Actions must be transparent and appointments made are to be impartial as in the case of Mc Carthy-1924- Judge declared that” not only justice be done, It must seem to be done” in the case where the court staff member was convicted on a traffic offence which appealed against the judgement. This principle and adage applies to all corners of good governance including administration and appointments to high positions. This is of universal application to be followed in any democracy. Honesty, uprightness, honesty, morality, truthfulness, sincerity and integrity is demanded on the appointment of the HIGH POSTS deciding the future of economy monitory control fiscal policy and strategies on development and future prosperity in a Nation. Do we maintain these principles in our cherished Nation or is it followed on appointment of the CB Governor and is the citizen and the civil society happy and contended with his performances as impartial and honest, Is a moot issue to be argued?
Arjuna Mahendran
Arjuna Mahendran
Controversy over the appointment of the Governor Central Bank
Governor Central Bank is the head of the Central Bank and the Monitory Board in change of the entire banking system in Sri Lanka as the regulator and the office that initiates controls administers and strategize the economy and fiscal policy of the country with the massive structure and Central Bank set up. He decides the monitory policy and advises the Sate on all monitory matters. Maintenance of economic and financial and economic stability, and Employees Provident Fund also come under the Central Bank Governor. He possesses enormous powers and the decisions have direct impact on the economy and the future fiscal policies as deciding factors of the economic prosperity or downfall. He in person as well as the position he holds has become controversial with the bond scam involving his son –in- law “Arjun Aloysius” accused of previous deals on EPF, alleged to have earned billions within few days allegedly manipulating the bidding process by him and his father –in –law “Arjuna Mahandran” a 55 year old Oxford Educated able Singaporean Banker currently questioned by the Committee of Public Enterprises and facing a law suit in the court of appeals. A three member committee of young lawyers appointed by the Prime Minister has determined in the course that it merits and warrants an inquiry due to the conduct of the Governor in the bidding process. Leave to proceed was not granted at the Fundamental Rights application on the grounds that no rules have being violated in the process, though the petitioners have submitted on the colossal loss of billions of rupees caused and resulted during the thirty year bond period. Does it mean that Bribery and corruption is permitted if rules are not broken is another moot issue?
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