Skip to Content

Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2426

UNP to censure the Government - Ranil vows in a press meet

By Ruwan Weerakoon – for Asian Tribune

Ranil WickramasingheRanil WickramasingheColombo, 02 December, (Asiantribune.com): The leader of the opposition Ranil Wickramasinghe, in a press conference held today pointed out that, they now have all the documentary evidence to prove that all the Cabinet Ministers including the President as the Finance Minister were aware of this story of the “Hedging Deal” before it was signed and therefore, the UNP will move a no confidence motion against the entire government.

He said that, due to this deal every Sri Lankan citizen will be in debt for Rs.10,000.00 each and that the CPC is already Rs.200,000 million in debt. As such, he says, CPC may have to be sold or closed down and also that this money will have to be paid the innocent people of this country,

The opposition leader further said that, they accept the Supreme Court ruling that suspended the hedging agreement signed by the CPC as this deal prevents the lowering of local prices when world market prices decline.

"We have also found out about an attempt to destroy important documents relating to this agreement and I have requested the Speaker to take action to protect all these documents at the Ministry of Finance, Central Bank, Ministry of Petroleum Resources and the CPC".

The opposition leader, going into details said that, Minister A.H.M.Fowzie submitted the cabinet paper on the 13th January 2007 and the cabinet approved it. He also gave details of many other letters and documents sent by one official to the other regarding this deal.

In replying to a question, Mr. Wickremesinghe said, that under a future UNP regime all such corrupt agreements will be discontinued.

Taking a snipe at the media he said that, most media have stopped short of exposing corrupt deals like this hedging agreement in an attempt at whitewashing the government.

Responding to another question by the Daily Mirror, Ranil Wickramasinghe said that DM journalist Kesara Abeywardena had called him an ‘ineffectual leader’ and said that this journalist had written that “UNP cannot gain power under my leadership and I would like ask the media what they had written about this hedging deal”. And he further asked whether the Daily Mirror belongs to the Wijaya Group or the Jathika Hela Urumaya.

He further adds saying ‘he has more to tell the DM editor but that, he doesn't want to tell it at that moment and place’ and left us guessing.

- Asian Tribune -

Share this


.