Corruption in Sri Lanka: Why have MTV / Sirasa been blind to this?

(February 23, 2018, Colombo, Sri Lanka Guardian) The COPE Report of 2005 as per relevant Pages attached discloses that Mercantile Credit Ltd., had owed the Central Bank Rs. 4,700 Mn., in December 2004, which today would amount to over Rs. 9,000 Mn. This is a massive loss caused to the Central Bank and is public money.

Whilst MTV / Sirasa, a Colombo based television channel,  carried out an offensive campaign on the alleged Bond Scam, they have covered-up this massive loss cause to the Central Bank by Mercantile Credit Ltd., which is a family Company of Milinda Moragoda, who had also been a Director as reported by COPE. This Company had obtained Rs. 1,742 Mn., from Central Bank in 1991, when the Company had a negative net worth of Rs. 124 Mn., as per the COPE Report. Whilst suppressing such massive loss caused to Central Bank, MTV / Sirasa whitewashes Milinda Moragoda to cover-up.

The hypocrisy is well shown!

2005-COPE-Report-on-Mercantile-Credit.pdf by Thavam on Scribd