Another swindling by Namal – worth Rs. 450 million

Dec 28, 2015

MP Namal Rajapaksa has obtained a commission of Rs. 450 million when granting the land in which Transworks House is located in Colombo Fort to India’s Krrish Square for a 650 million US dollar project, police has found out.

With Namal, several wealth businessmen and three VIP politicians were involved in this, investigations have revealed.

NR Associates, owned by Namal, had given legal advice and drafted the agreement between Krrish Group and the UDA.

It was Dr. Nalaka Godahewa, the then chairman of the SEC who had advised Krrish Group, to handover the task to this legal firm.

Namal had sent a text message to Nalaka, telling him to obtain 3.5 million US dollars (Rs. 450 million) for granting the preliminary authorization for the project.

Money at HSBC in Singapore

It is suspected that Krrish Group had deposited the money at an account owned by Namal at HSBC bank in Singapore.

The UDA says Krrish Group was yet to pay the Rs. 450 million for the project as per the agreement signed in 2012, but Krrish Group says all payments have been made.

In this conflicting situation, the project has come to a standstill, and the UDA has ordered Krrish Group to pay a Rs. 550 million demurrage.

However, on Namal’s instructions, Nalaka had returned Rs. 400 million to Krrish Group.

There has been controversy with regard to the receipt for the Krrish Group’s having deposited Rs. 450 million at Namal’s account at HSBC Singapore. The FCID is further investigating the Krrish deal.