HNB Insiders say Sri Lanka's 'So Called' People rejected Prime Minister's landmark speech that highlighted even HNB Chairperson Ranee Jayamaha since it is now revealed that Ranil and some present UNP goons want to remove Ranee Jayamaha from HNB as a 'Revenge' act against removing Rajendra Theagarajah as HNB Managing Director/CEO since Rajendra Theagarajah was caught helping N.R. Gajendran to earn over Rs.350 million within a span of over a 5 to 6 years horizon as payment from HNB 'for Tax Consulting' in which case N.R. Gajendran was helping Rajendra and HNB to evaded taxes to the tune of over Rs.3.5 billion at times when HNB was headed by 'Dirty' Harry Jayawardena who mainly funded 'Dirty Chandrika's' second political campaign that brought in 'Dirty Ranil Wickremasinghe' and 'Dirty Ravi Karunanayake' to power under a SLFP New President.
It is revealed in Accountants Circles that N.R. Gajendra was not even given the position to become the President of Institute of Chartered Accountants of Sri Lanka due to Gajendra's 'Tax Fraud' that mainly involved in a state owned Bank being advised by Gajendra to evade tax to state treasuries.
However it is now discussed that Ranil is trying help Gajendran to come back to give tax advisory to Ranil's businesses (that is owned under his mother's name) and Finance Minister Ravi Karunanayake's businesses to evade tax while allowing Gajendran to do all accounting work of State Owned Enterprises so that Gajendran will be earning over another Rs.1 billion as Tax Consulting fee for helping Ranil-MY3 regime's state enterprises to evade tax.
International Accounting Bodies and worldwide Tax Consultants have thus taken steps to ban and blacklist 'N.R.Gajendran' from becoming a tax consultant to foreign bodies since he is now a politically exposed person.
Those days prior to Rajendra's resignation it was found out that in 2012 Financial year alone Tax Evasion amount by HNB alone was over Rs.600 million upon advisory of N.R. Gajendran.
Read that Report Below from The Galle Road Journal
Gajendra's GAJMA & COMPANY and Rajendra Theagarajah caught up in HNB Tax Fraud
|Former HNB CEO Rajendra Theagarajah|
The tax advisor to the bank Charted Accountant R .Gajendran’s GAJMA & CO is said to be a main partner in this fraud.
Meanwhile, reports say that in order to thoroughly investigate the complaints received against the particular company the Central Bank has taken steps to direct the investigations to the Finance Ministry.
HNB has been engaged in the tax evasion process for the past 5 to 6 years with the assistance of the officers attached to Inland Revenue Department, reports say.
|Tax Consutant - N.R. Gajendran|
The bank has allegedly evaded around Rs 600 million of company tax, reports add.
In its preliminary investigations, the Central Bank has revealed that half of the evaded tax has been divided between the tax advising company and the officers at the Revenue Department involved.
The current Chairperson of the bank Ranee Jayamaha has also been able to identify the wrongdoing through an internal probe, reports further say.
According to field sources, GAJMA & CO has been previously alleged of tax irregularities, which occurred in connection with National Lottery Board.