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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Mahinda's billions invested in Horana MARA-goni Tyre factory

Mahinda's billions invested in Horana MARA-goni Tyre factory

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Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics
May 2015

FCID had filed a B report in which it is said that they have begun investigations in to complaints about a sum of USD 48 million invested in the Steel Corporation and a sum of USD 190 million invested in the Marriot Hotel in Dubai, and that the owner of these properties, Nandana Lokuwithana, is only a front man. The B report states that the FCID had commenced this investigation in response to an anonymous letter which had been referred to them.

The Marriot Hotel of Dubai was highlighted in Sri Lankan media last year and it is owned by a Dubai based Sri Lankan born businessman named Nandana Lokuwithana. But, now there are rumors circulating around are that this Hotel belongs to former Sri Lankan President Mahinda Rajapakse.

 Lokuwithana bought Ceylon Heavy Industries and Construction Co. (CHICO)  in 2009. Media reports at the point said Lokuwithana spent USD 65 million for the takeover.

in 2016 , as per media related to government, Rajapaksa proxy lokuwithana was eyeing for Holciim Cement Co.


There were many man made stories in web forums  about these allegations...

eg:
හොටලයක් කතාකරයි
 May 17, 2015  


මගේ නම ඩුබායි මැරියට් ය.
මම කාමර 351ක් හා නිවාස 128කින් සමන්විත ඩුබායිහි පිහිටි සුපිරි හෝටලයක්මි.
මාව හදා නිම කරන්නට ශ්‍රී ලංකා රුපියල් කෝටි 2972ක් වියදම් වී ඇතිබව කියනවාය.
මගේ හිමිකරු ශ්‍රී ලංකාව නම් ඉතා දුප්පත් දුපතේ ඉතාම දුප්පත් දුර ඈත ගමක් වන අනුරාධපුර, කැබිතිගොල්ලෑව, මැදවච්චියේ ඉපදුණු නන්දන ලොකුවිතාන නම් කෙනෙකි.
මට මේ හදිසියේම මා ගැනම කියන්නට වුයේ මම ගැන මට වඩා වෙන කොහෙවත් යන එක එක රාළලා කියවන්නට පටන් ගෙන ඇති නිසාවෙනි.
මගේ හිමිකරු යයි කියන කෙනා කියන විදියටනම් එයා මාරම මාර පොරක්ය.
එයා 1989 මේ ඩුබායි රටට ඇවිත් ඇත්තේ ඇඟලුම් ෆැක්ටරියක සේවය කිරීම සඳහාය.
ඒ මාසෙකට ඩොලර් 225ක පමණ පඩියකටයි. එවැනි සුළු පඩියකින් අවුරුදු 25ක්ම සතෙන් සතේ ඉතුරු කොට
මම වැනි ඩොලර් කෝටි 22.5ක් වටිනා හෝටලයක් හදා ඇත.
එයාගේ තාත්තා විදුහල්පතිවරයකු වන අතර තම නිවසේ වහලයේ පීල්ල කිතුල් කොටයක් දෙකට පලා සාදාගත් බවත්
හේන් වැඩ කළ මව හේන කොටා මිරිස් ඇට ඉසීමෙන් පසු වන සතුන් එළවීමට ගිනිගොඩවල් ගසාගෙන සිටි බවත් නිතර පවසයි.
අවුරුදු 25ක් යනු මාස 300කි. ඩොලර් කෝටි 22ක් උපයා ගැනීමට අවම වශයෙන් මාසයකට ඩොලර් 750,000ක් ඉක්මවා
ඉපයිය යුතුය. ඩොලර් 225ක මාසික වැටුපක් සඳහා ඩුබායි ගිය තරුණයෙක් වන මගේ හිමිකරු යයි කියා ගන්න කෙනා
පට්ටම පට්ට චරිතයක් වන්නේ ඒ නිසාය.ඒ විතරක් නම් කමක් නැත.
එයා ඩොලර් මිලියන 48ක් වැය කරමින් ශ්‍රී ලංකා දූපතේ වානේ සංස්ථාවද මිලදී ගෙන තියනවලු.
මේ අල්ලපනල්ලේ අර දූපතේ කලින් රජකම් කල මැදමුලන පැත්තේ හාදයෙක් ඩුබායි මැරියට් හෝටලය
එයාගේ නෙවෙයි කියා දහ අතේ දිවුරනවාලු.
මගේ අයිතිකාරයා කියාගන්න මේ නන්දන ලොකුවිතාන මහත්තයත් මම,
මැදමුලන පරණ රජාගේ නොවේ යයි දිවුරනවාලු.
අනේ මන්දා ..මට නම් මේවා අහලා පිස්සු වාගේය.
ඒ කියන්නේ හෝටලයකට පිස්සු හදිලාය.
මට මගේ අයිති කාරයා කවුරු වූවත් අර ලංකාවේ කලින් හිටි රජාගේ වෙන්නට නම් බැරිය.
මිනිස්සු කියන්නේ ඒ රජාගේ සල්ලි යනු ඒ දූපතේ දෙකෝටියක් වූ අහිංසක ජහ මනයාගේ රීරි මාංසේ බවයි.
ඒ රජා ඒ තරමට දැහැමින් සෙමෙන් ඒ මිනිස්සුන්ගේ සේසතම මංකොල්ල කෑවාලු .
ඉතින් මම හැඬු කඳුලින් ප්‍රාර්ථනා කරන්නේ හීනෙන්වත් මගේ හිමිකරු ලංකාවේ මැදමුලන මහින්ද නම් නොවේවා කියාය.
මම නොදැනුවත්ව හරි ඔහු මගේ හිමිකරු නම් මහා භුමි කම්පාවක් වී මා මහපොළවට කඩා වැටී විනාශ වේවා යයි මම ප්‍රර්ථනා කරමි.

(end of story)

Some open minded people argued the above story omitted some important facts intentionally.
such as ,
(as told by Mr. Nandana Lokuwithana)
"My father dreamt of making me an engineer. I was selected for the National Diploma of Technology of Moratuwa University in 1987. The years of 1987 and '88 were a dark time for our country. I was in Colombo and did home-visit tuition for Ordinary Level mathematics to earn an income."

"During this time, I studied for a course at the Sir John Kotelawala Academy and worked for the Ceylon Knit Trade, a subsidiary of the Hirdaramani Company. I learnt a lot of things from that Company."
"In 1989 I joined a Production Company in Ajman in Dubai as a Production Assistant despite the objection of my parents. By that time, going to Dubai meant menial jobs. That is why my father did not bless me. I came to the airport alone."

"I worked very hard, up to 14 to 16 hours a day. Then I joined a US trade operation company. I was promoted step by step as Production Assistant, Production Manager, General Manager and Country Manager."
"After 11 years of my stay in Dubai, I opened Nilona Apparels with 400 employees in the Sharjah free trade zone. Since we had a problem of providing food to the staff, I called my brother Chandana and we started a catering service. We provided catering services to a number of companies. My brother still runs that business. Meanwhile, I started a washing company under the name of Nilona. My experience as a Production Manager helped me immensely. After that, we opened Onex Industries which engaged in steel production and construction."

Some other people got annoyed and wrote:

A man who is coming from well-to-do background can only be Rich..
A man whose father is a poor man can never be RICH, Famous or achieve anything worthwhile...
Is this what we want among fellow Sri Lankans?



Somehow, YESTERDAY Mr. Nandana Jayadewa Lokuwithana opened the largest factory for making Tyres in Sri Lanka in Horana, million dollar investment in partnership with a Italian tyre company. .

It was opened by Hon. Prime Minister Ranil Wickremesinghe with other members of the Government.

A significant omission at the ceremony  was its proud owner Hon. Mahinda Rajapaksa, who funded the project, to see how they make first tyre branded to honor him, MARA-and-Goni Tyres.

Instead of usually available packaging this tyre will be distributed in gunny bags. That is why they named it Mara n goni . This is a newest concept originated in the super duper brains of Yahapalana gods.
 



Mahinda's billions invested in Horana MARA-goni Tyre factory Image_1483679475-6500678ec5

Mahinda's billions invested in Horana MARA-goni Tyre factory 531
Prime Minister Ranil Wickremesinghe sharing a light moment with Ceylon Steel Corporation Chairman Nandana Lokuwithana (second from right) – Pic by Daminda Harsha Perera

Mahinda's billions invested in Horana MARA-goni Tyre factory Ranil_10

මේ මොනව කියනව ඇද්ද  ?
අපේ බෝල ගිල්ල නේද ලංකාවේ බූරුවො ?  වගේ එකක් වෙන්න බැරිද ?



Rajapaksa's Marriott logo in the Background.
Mahinda's billions invested in Horana MARA-goni Tyre factory Image_1483679510-d9339aff62

Mahinda's billions invested in Horana MARA-goni Tyre factory Marangoni-tyres

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
Dan lankawa sukitha muditha wela thiyenne Mahinda horakam karapu salli newatha lankawata genalla.dollar eke eenisa hondatama bahala.Niyamai

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