"‘Pillage of Plantations’ in Sri Lanka, less than the IMF, international financial institution and ADB privatization schedule, incisively analyses, appallingly doubtful privatizations of important plantations in Sri Lanka, inflicting the folks mammoth losses, exposing surprising indifference of overseas developmental organizations, thoroughly eroding public self belief, that is an important to foster a unfastened and open economic climate, with transparency.

Plantations traditionally base of the nationwide financial system, major tea exporter on the earth, have been nationalized by means of major Minister Sirima Dias Bandaranaike. Her daughter, President Chandrika Bandaranaike Kumaratunga, who decried past privatizations, as ‘brazen pillage and plunder of people’s wealth via cronies’, publicly avowed privatization will be obvious, freed from corruption, and people in public lifestyles held in charge.

Plantations privatizations have been conducted by way of hand-picked confidantes, presided by way of Senior companion, KPMG Ford Rhodes Thornton & Co., Rajan Asirwatham, less than the purview of Deputy Minister Finance G.L. Peiris, additionally then Minister, Justice & Constitutional Affairs (now Minister, exterior Affairs), at once below President Kumaratunga. although President Kumaratunga, Minister G.L. Peiris after which international Minister Lakshman Kadirgamar, Oxford expert, publicly decried as doubtful and fraudulent plantations privatizations, assuring criminal motion, no motion used to be taken thereon, arraigning the confidantes and cronies.

What is validated is that pontification via political leaders, espousing enforcement of the guideline of legislation is mere rhetoric, and in fact, socio-politically influential are above the rule of thumb of legislations. It discloses the unashamed tolerance of fraud and corruption through confidantes of these on the helm in a rustic; with governments and society uninhibitedly bestowing upon corrupt miscreants, much more popularity and place, instead of arraigning them, as warranted, earlier than the legislation; while a few duplicitously articulate transparency and strong governance.

This ebook is a useful and fundamental learn e-book on genuine case stories if you happen to have an interest in privatization and advocating sturdy governance; and to realize socio-political realities. "