2023-10-26
News Categories : Committee News
The State Mortgage and Investment Bank was summoned before the Committee on Public Enterprises (COPE) which met on 19.10.2023 under the Chairmanship of Hon. (Prof.) Ranjith Bandara, Member of Parliament. The audit reports of the State Mortgage and Investment Bank for the years 2020, 2021 were examined and the current performance was investigated at the Committee meeting held. Officials representing the Ministry of Finance and the Chairman and General Manager of the State Mortgage and Investment Bank were also present at this Committee meeting held. Special attention was paid to the following points.
Delay in establishing a new core banking system
Attention was drawn towards the delay in establishing a new core banking system as per the recommendations given in the previous Committee meeting. Officials assured that these works have already started and will be completed by July 2024.
The need to start operations as a competitive bank
The Committee emphasized the need to improve the operations of the commercial level in order to increase the assets of the bank and reach an advanced level. The COPE chair pointed out the importance of being close to the public as a competitive bank without completely deviating from the bank's core objectives. Accordingly, the need to establish the bank's brand among the public in an innovative and attractive manner (rebranding) was emphasized.
The 68-million-rupee loss due to submission of false documents
In 2017, due to the fact that some people obtained loans by submitting false documents, attention was paid to the related activities to cover the loss of 68 million rupees to the bank. It was also revealed that this fraud has taken place by giving the relevant loan amount to 49 loan applicants with the help of some officials of the bank. Officials stated that 8 million rupees have already been received aligned with legal proceedings and legal measures have been taken to obtain the remaining amount. Although 6 years have passed since this incident, officials were punished and the delay in recovering this money was given special attention. Accordingly, the COPE Chair ordered the officials to give a report on this within two weeks.
High non-performing loan ratio of the bank
Attention was drawn to the fact that 10 branches have recorded a high non-performing loan rate, exceeding the average value of the non-performing loan rate of the bank. The officers pointed out that since the majority of the customers of this bank are middle- and low-income earners, they had to be given grace periods to pay their debts due to the prevailing economic situation. Special attention was paid to this and instructions were given to take necessary steps.
State Minister Hon. Janaka Wakkumbura, Members of Parliament Hon. Eran Wickramaratne, Hon. Sanjeeva Edirimanna, Hon. (Major) Sudarshana Denipitiya, Hon. Madhura Withanage, Hon. (Prof.) Charitha Herath, were present at the Committee meeting held.
2026-05-26
The Central Provincial Council was summoned before the Committee on Public Accounts (COPA) to examine the Auditor General’s triennial report for the years 2021–2023, the Auditor General’s report for 2024, and the Council’s current performance.The committee meeting, chaired by Hon. Member of Parliament Kabir Hashim, was held recently at Parliament.During the meeting, attention was drawn to the progress made in implementing recommendations issued at the COPA meeting held on 5th September, 2019. Discussions focused on the incident involving the destruction of files belonging to the Central Provincial Passenger Transport Authority.It was revealed that directives issued by the relevant court and the Presidential Secretary regarding the incident had not been implemented by the responsible authorities. In this regard, the Committee Chairman instructed officials of the Central Provincial Council to submit all reports and correspondence related to the incident to the committee.In addition, the committee discussed an incident involving the unlawful transfer of a rest house owned by the Road Development Authority to a third party in violation of lease conditions. Accordingly, the Chairman instructed officials to identify the officers responsible for making the relevant decisions and to submit a report to the committee on the legal action being taken in connection with the matter.The committee also held extensive discussions on irregularities identified by the National Audit Office in road development and passenger transport services in the Central Province, as well as issues affecting the health sector.Expressing his views during the meeting, the Chairman emphasized the importance of expediting ongoing investigations within institutions and focusing on follow-up action. He further stressed that if a state institution generates profits, such profits should accrue to the government, and if such revenue is used for institutional activities, established legal provisions and procedures must be strictly followed.The meeting was attended by committee members Hon. Members of Parliament Dr. M.L.A.M. Hizbullah, Ruwanthilaka Jayakody, Attorney-at-Law Thushari Jayasinghe, Sunil Rathnasiri, Oshani Umanga, Susantha Kumara Navarathna, Ajantha Gammeddage, Chanaka Madugoda, T.K. Jayasundara and Lal Premanath along with a group of government officials.
2026-05-26
The Parliamentary Select Committee of Parliament to look into and report to Parliament on the matter of selecting the Electoral System under which the Provincial Council Elections should be held and submit its proposals and recommendations in that regard, recently sought views from the Attorney General’s Department and members of the Election Commission.The discussion took place when the committee met in Parliament under the chairmanship of Hon. Minister Vijitha Herath.During the meeting, the Attorney General’s Department briefed the committee on the existing legal obstacles to holding Provincial Council elections and the possible ways in which such obstacles could be removed to facilitate the conduct of the elections.The Election Commission informed the committee that it is prepared to conduct Provincial Council elections at any time under the legal provisions enacted by Parliament based on the committee’s recommendations.The meeting was attended by Hon. Deputy Ministers Arun Hemachandra, Sunil Watagala, Attorney-at-Law and Muneer Mulaffer as well as committee members Hon. Members of Parliament Mano Ganesan, Shanakiyan Rajaputhiran Rasamanickam, Dharmapriya Wijesinghe, Samanmali Gunasinghe and Lakshman Nipuna Arachchi. The committee member M. Nizam Kariapper, P.C also participated virtually.
2026-05-25
The Women Parliamentarians’ Caucus has decided to examine the ongoing legal proceedings and matters relating to the protection of the girl involved in the sexual abuse incident reported from the Anuradhapura area.This decision was taken during the Women Parliamentarians’ Caucus meeting chaired by Hon. Minister Saroja Savithri Paulraj, held in Parliament today (May 25). Accordingly, a special discussion has been scheduled for 05.06.2026 with the participation of relevant institutions including the Sri Lanka Police, the Attorney General’s Department, the National Child Protection Authority and the Department of Probation and Child Care Services.In addition to the incident, which has generated significant public concern, the discussion is also expected to focus extensively on strengthening the laws and empowering the institutions required to prevent all forms of violence against women and children.Meanwhile, it was also decided to appoint a subcommittee under the Women Parliamentarians’ Caucus to oversee the future legal proceedings relating to the Anuradhapura girl’s case and to identify the institutional and legal reforms required in the country to eliminate violence against women and children.The subcommittee will be led by the deputy co-chairs of the Women Parliamentarians’ Caucus Hon. Members of Parliament Samanmali Gunasinghe and Attorney-at-Law Chamindrani Kiriella. The other members of the subcommittee will be Hon. Hemali Weerasekara, Dr. Kaushalya Ariyarathna, Attorney-at-Law Sagarika Athauda, Attorney-at-Law Nilanthi Kottahachchi, Attorney-at-Law Nilusha Lakmali Gamage, Attorney-at-Law Thushari Jayasinghe, Attorney-at-Law Anushka Thilakarathna, Attorney-at-Law Hasara Liyanage, Attorney-at-Law Hiruni Wijesinghe and Attorney-at-Law Lakmali Hemachandra.
2026-05-25
The progress of implementing the new education reforms was reviewed at a recent meeting of the Sectoral Oversight Committee on Education, Manpower and Human Capital, chaired by Hon. Member of Parliament Hesha Withanage Ankumbura Arachchi. During the meeting held in Parliament on the 19th, extensive discussions were held on the implementation of the new education reforms.Secretary to the Ministry of Education, Higher Education and Vocational Education, Mr. Nalaka Kaluwewa, briefed the committee on the manner in which the new education reforms are being implemented.The meeting was attended by Hon. Leader of the Opposition Sajith Premadasa, committee members, provincial education secretaries, school principals, and several other officials.
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