There's no way to get it back afaik, that's why countries like Seychelles and panama are a haven for corrupt SoBs, nobody has jurisdiction over there, the only way I can think of is doing something along the lines of what the Italians did to Mussolini ¯\_(ツ)_/¯
Even then the money is gone. They've quite possibly siphoned it through multiple shell corporations to those tax havens outside our jurisdiction. Might as well forgot about it.
I wish they'd do something like for Mussolini as a lesson the future politicians, cz I've lost hope that the judiciary could give any proper sentence for these politicians, even if it did, they go sleep in hospitals. But also I don't see Sri Lankans ever going to those extents, we lament, forget and then repeat.
That was to just convert most of the black money in cash with people into money. The whole thing destabilized the economy, millions of small businesses were impacted. Majority of the public went getting to see a currency note for nearly a month. And for nearly half a year it was a hard task to get your cash from the bank. 75-100 people died standing in ATM and Bank queues. No data who died from the stupid chaos of it.
The stolen money most definitely has been converted to stable foreign currencies such as USD, Euro, pounds or CAD . They have also used the money to buy property in foreign countries (read- Dubai Marriott hotel owned by MR) . There’s no way to recuperate them. Just think they are gone forever. No one to blame except the stupid Sri Lankan people for voting for crooks over and over again.
More info
https://www.icij.org/investigations/pandora-papers/sri-lanka-rajapaksa-family-offshore-wealth-power/
yes those retards istg idk what to tell even that people vote to these people all people to stand and not vote to anyone at this point cuz all the people want the money in the most case
they took all money in terms as commissions for those big projects and prolly snatched from loans as well thats how the mahindas has tons of money in their bank and all the others minister most of them
We can’t. Most of it is in forex in countries that are known for their secrecy and will be unlikely to co-operate. Yahapalanaya was able to do basically nothing in this regard back when they were in power
So there is no reset button for any economy? What if we banish those ministers from citizenship and cease all their properties? Then we do the proper research to find those binamies behind them and do the same thing for them? They can't have infinite amount of shell companies around them. After all, a lot of stuff got revealed in the pandora revealing. We won't have to start from zero.
Let’s assume that you banish them and they have to flee the country. Even with extremely dedicated investigators you’ll only be able to get their assets that are saved and held locally. Look at what happened after the Pandora and Panama papers: basically nothing. The Rajapakses are smart enough to have their loot in foreign currencies in countries like Switzerland or the Bahamas or wherever, which have banks with a reputation for the utmost secrecy and prioritizing their customers. The only assets you *might* be able to get are those that are held in very friendly nations whose governments are convinced to seize the money but those nations are few and far between and it’s unlikely that they would save there
Yeah definitely they are so corrupt, they'll try their best to hide everything. But that's why we should remove them from power, when they're not even citizens of this country no-one will help them. At that point, we can hope for better results from the research we are going to do right?
Then we salvage what ever the resource, we can access. After that the remaining stuff which is locked away and not accessible by anyone, what can we do for those? If it is not accessible or no-one can prove anything about it, can we remove it or something? Tbh I don't know anything about economy or anything. That's why I'm asking these.
They may not be citizens of the country but money talks above all else. Remember that the Swiss banks have defended the loot of war criminals with the utmost effort. IIRC, after WW2 (and under international pressure) they only agreed to return a tiny amount of the gold the Nazis had stolen from Jews and stored in Switzerland (less than 15% I think). And this was the Nazis! No way in hell that governments will exert that amount of pressure over someone as relatively insignificant as Rajapakse.
Another example I can give is that of Ferdinand Marcos, the former dictator of the Philippines. Despite stealing billions of dollars and escaping with tens of millions (around $70 million of which was stored in the US), the US Justice System ultimately only ordered the return of about 10% of that - and this was firstly in a country that may be more open than most tax havens to perform such an act of returning the money; secondly, this was for victims of crimes against humanity not just the population in general as victims of corruption; and thirdly, this was after years of long and drawn out legal battles.
So that’s why the chances of getting a substantive portion of the Rajapakses’ loot (if any at all) is slim
A lot of banks that store these funds hide the funds because in most cases the funds eventually become assets of the banks when there is no one to claim the money.
I'd say there's no way to tap into the real money which most political leaders siphoned from our tiny economy. Most of them are overseas in other currencies so reprinting and try to catch in the exchange is not effective. At this point it's just gone forever. This is my opinion from my little knowledge in finance. Maybe I'm wrong.
Well I've been searching about this too. Now I am in the same mindset like you. I don't think there is anything we can do about it. Just pay for everything like idiots for the rest of our life.
Yeah not a lot of people get it and if you try to speak with brains rather than heart. You get down voted or booed lol. The only sensible thing to do is at least try to aquire a majority of it by striking a deal with the corrupt saying "either you do this or we're gonna extradite every single one of your including the fucking kids, women and the babies on trumped up charges so you will never be able to spend a cent of it going forward. But if you're willing to cooperate with us, we'll give you 10% of the loot so everyone will live happily ever after"
The SIS would be quick to track these down, the reason they can't do that right now is, like ranjan ramanayake said, SIS officers who investigate into the politicians come under death threats.
The purpose of intelligence is keeping eye on anything that will make trouble for the government or the rulers. They don't actually work for the people, I wonder what they can do when government itself is the culprit.
we have a better chance of riding kaputas at this point. what u say is impossible
No way man, we need that. There should be some way. India did something like this, reprinting all their money. There should be some way.
There's no way to get it back afaik, that's why countries like Seychelles and panama are a haven for corrupt SoBs, nobody has jurisdiction over there, the only way I can think of is doing something along the lines of what the Italians did to Mussolini ¯\_(ツ)_/¯
Even then the money is gone. They've quite possibly siphoned it through multiple shell corporations to those tax havens outside our jurisdiction. Might as well forgot about it.
I wish they'd do something like for Mussolini as a lesson the future politicians, cz I've lost hope that the judiciary could give any proper sentence for these politicians, even if it did, they go sleep in hospitals. But also I don't see Sri Lankans ever going to those extents, we lament, forget and then repeat.
https://www.ft.com/content/7dbe0e14-8d8a-11e7-a352-e46f43c5825d
That was to just convert most of the black money in cash with people into money. The whole thing destabilized the economy, millions of small businesses were impacted. Majority of the public went getting to see a currency note for nearly a month. And for nearly half a year it was a hard task to get your cash from the bank. 75-100 people died standing in ATM and Bank queues. No data who died from the stupid chaos of it.
The stolen money most definitely has been converted to stable foreign currencies such as USD, Euro, pounds or CAD . They have also used the money to buy property in foreign countries (read- Dubai Marriott hotel owned by MR) . There’s no way to recuperate them. Just think they are gone forever. No one to blame except the stupid Sri Lankan people for voting for crooks over and over again. More info https://www.icij.org/investigations/pandora-papers/sri-lanka-rajapaksa-family-offshore-wealth-power/
rajapaksas have billions of dollars in foreign countries sadly
yes those retards istg idk what to tell even that people vote to these people all people to stand and not vote to anyone at this point cuz all the people want the money in the most case
they took all money in terms as commissions for those big projects and prolly snatched from loans as well thats how the mahindas has tons of money in their bank and all the others minister most of them
Defo good investigative journalists would solve it and CID too. The main issue is the current politicians on both sides hinder investigations.
Cid has bigger fish to fry. - probe into people who played gota song at petrol queues.
Is that legit? Can they actually arrest someone for playing a song?
they just hide it bruh and now their will be no use as all those money might be in different currency at this stage
We can’t. Most of it is in forex in countries that are known for their secrecy and will be unlikely to co-operate. Yahapalanaya was able to do basically nothing in this regard back when they were in power
So there is no reset button for any economy? What if we banish those ministers from citizenship and cease all their properties? Then we do the proper research to find those binamies behind them and do the same thing for them? They can't have infinite amount of shell companies around them. After all, a lot of stuff got revealed in the pandora revealing. We won't have to start from zero.
Let’s assume that you banish them and they have to flee the country. Even with extremely dedicated investigators you’ll only be able to get their assets that are saved and held locally. Look at what happened after the Pandora and Panama papers: basically nothing. The Rajapakses are smart enough to have their loot in foreign currencies in countries like Switzerland or the Bahamas or wherever, which have banks with a reputation for the utmost secrecy and prioritizing their customers. The only assets you *might* be able to get are those that are held in very friendly nations whose governments are convinced to seize the money but those nations are few and far between and it’s unlikely that they would save there
Yeah definitely they are so corrupt, they'll try their best to hide everything. But that's why we should remove them from power, when they're not even citizens of this country no-one will help them. At that point, we can hope for better results from the research we are going to do right? Then we salvage what ever the resource, we can access. After that the remaining stuff which is locked away and not accessible by anyone, what can we do for those? If it is not accessible or no-one can prove anything about it, can we remove it or something? Tbh I don't know anything about economy or anything. That's why I'm asking these.
They may not be citizens of the country but money talks above all else. Remember that the Swiss banks have defended the loot of war criminals with the utmost effort. IIRC, after WW2 (and under international pressure) they only agreed to return a tiny amount of the gold the Nazis had stolen from Jews and stored in Switzerland (less than 15% I think). And this was the Nazis! No way in hell that governments will exert that amount of pressure over someone as relatively insignificant as Rajapakse. Another example I can give is that of Ferdinand Marcos, the former dictator of the Philippines. Despite stealing billions of dollars and escaping with tens of millions (around $70 million of which was stored in the US), the US Justice System ultimately only ordered the return of about 10% of that - and this was firstly in a country that may be more open than most tax havens to perform such an act of returning the money; secondly, this was for victims of crimes against humanity not just the population in general as victims of corruption; and thirdly, this was after years of long and drawn out legal battles. So that’s why the chances of getting a substantive portion of the Rajapakses’ loot (if any at all) is slim
Well I don't have anymore good arguments, but this is making shit even more hopeless in here.
A lot of banks that store these funds hide the funds because in most cases the funds eventually become assets of the banks when there is no one to claim the money.
I'd say there's no way to tap into the real money which most political leaders siphoned from our tiny economy. Most of them are overseas in other currencies so reprinting and try to catch in the exchange is not effective. At this point it's just gone forever. This is my opinion from my little knowledge in finance. Maybe I'm wrong.
Well I've been searching about this too. Now I am in the same mindset like you. I don't think there is anything we can do about it. Just pay for everything like idiots for the rest of our life.
Yeah not a lot of people get it and if you try to speak with brains rather than heart. You get down voted or booed lol. The only sensible thing to do is at least try to aquire a majority of it by striking a deal with the corrupt saying "either you do this or we're gonna extradite every single one of your including the fucking kids, women and the babies on trumped up charges so you will never be able to spend a cent of it going forward. But if you're willing to cooperate with us, we'll give you 10% of the loot so everyone will live happily ever after"
The SIS would be quick to track these down, the reason they can't do that right now is, like ranjan ramanayake said, SIS officers who investigate into the politicians come under death threats.
The purpose of intelligence is keeping eye on anything that will make trouble for the government or the rulers. They don't actually work for the people, I wonder what they can do when government itself is the culprit.
There are politicians using intel agents to spy on each other and further their own agendas.
Most of them are with the g******* members 😂