The total extent of 225 acres of land on which is situated the Golf Course, the club house and the plots of land for luxury villas must now revert to the UDA. 250,000. font-size:11.0pt; 60 million in profit from this transaction. Sumal gets 600,000 pp, Sumal says lawyers told him not I will get this land back,” he allegedly claimed. Ferdinando got one and directors of Asia Pacific Golf Courses Ltd., Ranjan John Suriyakumar Gomez and Joseph Christopher Joshua seven plots each. Recall that Sumal Perera in June 2003 bought out the fly by night company Asia Pacific Gold Course Ltd., specifically set up to receive massive swathes of government land at concessionary rates and terms, from its original owners Siva and Suen Selvaratnam and Shantha Wijesinghe. Sumal and his family including his daughter Swasha, son Shamal, and his extended Access family such as its Directors J.C. Joshua and R.J.S. Transcontinental is situated on the 18th floor, Lincolan House, Taikoo Place, No. However it was a lure of luxury they would not easily forget. Joseph Christopher Joshua occupies the position of Managing Director & Executive Director at Access Engineering Plc, Director at Access Realties 2 Pvt Ltd. (a subsidiary of Access Engineering Plc) and Managing Director & Director at Sathosa Motors Plc. Mr. Joshua is also Partner at China Geo Salcon Access Joint Venture and on the board of 21 other companies. Dhammika Perera didn't become one of Sri Lanka's richest people by luck. Dhammika Perera has had a meteoric rise within this country’s financial establishment. The issue is this. Accordingly last Thursday (13) they sent Letters of Demand to the Chairman, Asia Pacific Golf Course Ltd., and to the UDA demanding damages in a sum of Rs. Sumal Perera says some land owners have asked them to be creditors in his company but many are unhappy with this suggestion stating they did not do business with his company. Small time crook in comparison though he was compared to some of those politicians, public officials and others impugned by the Supreme Court, Sakvithi Ranasinghe had a similar plan of action. Mendis 1, Dilip T. Bhambawani 1, S.D.Munasinghe 1, Ranjan Madugalle 1, Aslam Omar 2, Sri Sagadewan 1, R.M. TOP THREE UNETHICAL BUSINESS TYCOONS OF SRI LANKA. The competition saw many combinations of father and son, Sumal Perera & Shamal Perera of Access Group, S.M.A Hameed & Richel Hameed of Club Villa, Priath and Prasan Fernando of United Tractors & Equipment Ltd, and a combination of brothers Sidath & Nimal Wettimuny participating in the tournament. of plots, N.P. Sources close to the buyers claim that many buyers siphoned their purchase consideration to this fund. 312 per perch when the land was acquired by the UDA for the public purpose of urban development and ostensibly for increasing the parliamentary administrative complex and for providing water retention as a low lying area, in 1988. By Jon Springer. The president’s son settled the case, agreeing to hand over $30 million worth of properties (not including the jacket and glove). 979, Kings Road, Quarrbay, Hong Kong. Wealth around $300-400 million I guess. At the time Access bought into 50% of the company in 2002, Asia Pacific only had a paid up capital of Rs. If so a simple investigation into the activity of this account by the Bribery Commission may perchance reveal uncomfortable details and shore up a long list of beneficiaries who received seemingly untraceable funds from this account. Dhammika Perera has had a meteoric rise within this country's financial establishment. mso-fareast-theme-font:minor-fareast; Be that as it may for those unrelated to Sumal Perera life at the edge of the water now holds no real thrill. Ferdinando got one and directors of Asia Pacific Golf Courses Ltd., Ranjan John Suriyakumar Gomez … 500,000 be paid to each of the petitioners in the case on the other by a selection of the 14 respondents, but Sumal Perera was not one of them. While the landmark Kotte Golf Course Judgment delivered by a pumped up Supreme Court last month smacked modest fines of Rs. However in consideration of the construction of buildings by Asia Pacific Golf Course Ltd., the UDA will pay to Asia Pacific a sum representing the cost of construction of the buildings as at the date of construction, excluding all other development on the said land as assessed by the Chief Valuer. ‘Surely,’ a businessman is entitled to think. Some buyers are livid. June 19, 2002 - Ravi Karunanayake, then Minister of Trade submits Cabinet Memorandum to cancel allocation of land to APGC. Ltd. became beneficial owner of 50 percent of APGC shares. Primary among them were of course the children of Sumal Perera – daughter Swasha and son Shamal. Wijesekera was not only a cabinet minister at the time he was a signatory to the several Cabinet Memoranda on the subject initiated by Chandrika Kumaratunga and the PA government. But personally he is all of these and increasingly selfless to boot. It also noted that Kumaratunga’s friend Ronnie Peiris had obtained a sum of Rs. The judgment may have ordered fines on the one hand and costs of Rs. Obeyesekere 1, V.T. It is following this meeting that several land owners decided they would take legal action. mso-ascii-theme-font:minor-latin; 12 million direct to Asia Pacific Golf Course Ltd., a company wholly taken over by Sumal Perera from the original owners on June 17, 2003 and such payment was reflected in the deed as the full consideration for the transfer, other buyers allegedly undervalued the payment reflected on the Deed but claimed they were requested to send the rest of the money to an account owned by Sumal Perera in Hong Kong. Besides, blocks 27 and 28 were purchased by Mahinda Wijesekera and his kith and kin. 12 m while To others he is a true visionary and patriotic entrepreneur and a professional too. The profit Ronnie Peiris derived from the sale of the company to Access was therefore Rs. 500. Vasan 3, SRI LANKA’S TOP UNETHICAL BUSINESS TYCOONS, SUMAL PERERA THE COMIS KAAKKA(COMMISSION CROW). Not only that, even though a glitter of shining lights of the business world dazzled by the Water’s Edge brochure that promised boating, golf, nature parks and water front residencies now rushed to buy up their holiday home away from home in the marsh lands of Battaramulla once home to nine threatened species of animal including the fishing cat, they little anticipated the fate that would befall them some five years on. “So where do we stand?” they ask, dismissing the principle of Caveat Emptor or Buyer Beware as unfair in this instance. 1,200 per number plate, although the cost of production is only around Rs. w\:* {behavior:url(#default#VML);} These buyers were lured into purchasing these plots due to several reasons. 60 million to Ronnie Peiris? It is learnt the account name was Transcontinental Investments (Pvt) Ltd., a company owned by Sumal Perera. The technical committee headed by S. Maheswaran is behind the plans to award the tender to a company owned by Sumal Perera. While some paid Rs. 7.7 million. All Rights Reserved, « Southerners behind tar-splattered Buddha statues in north? Certainly Perera’s highly popular and oft frequented Water’s Edge enterprise has served him well in monetary terms during its operations. Their support for Gotabaya Rajapaksa doesn’t surprise; that business leaders are even more myopic than politicians is a standard lesson of history. I have to pay Nawaloka Construction.” he had allegedly said. Perera 1, Harshan Seneviratne 1, Roshan A Lyman 1, J.P.M.Jayasundera 1, N.Rajanathan 1, D.A.R. 3 million, Rs.2 million and Rs. Both purchased five lots each while his brother in law D.D.S. mso-para-margin-bottom:10.0pt; Firstly the UDA featured prominently in their dealings thus dressing the deal with a legitimacy and respectability it obviously did not have. CCCC declined to comment. Ironically the original owners of the land were paid compensation of only Rs. Access CEO Sumal Perera, who recently demonstrated his eagerness for a despotic ruler in Sri Lanka, received a Yahapalana bonanza this week when the Cabinet approved to give him 114.5 perches at Union Place, Colombo 02, on a 99-year lease. He also offered the land owners to become creditors of Asia Pacific, an offer they could easily refuse. Obeyesekere 1, S.T. I am instructed by my client to write to you specifically taking up the position that your company has defrauded my client. table.MsoNormalTable ‘If the arm of the state is involved what could go wrong?’ What indeed! mso-hansi-theme-font:minor-latin;}, Original owners get Rs. Irrespective of either of the two companies getting the tender, the number places will be produced by using the old machines and will be below standards. The other applicants have been notified about that by letter signed by transport ministry secretary G.S. The website www.utchtoennjes.com shows both UTSCH and Tonnjes as partner companies. The main shareholder of Avonsmart is Arinma Holdings, whose director board members are family members of ACCESS chairman Sumal Perera. And just as in 50BC when the construction of Caesar’s Mansion of the Gods would have potentially ruined a forest and wiped out the wild boar – staple diet of the little Gaulish village so did the construction of Water’s Edge denigrate the wetlands of Battaramulla and wipe out the fishing cat not to mention eight other species of threatened animals. Even the judgment states that the land was recommended to Asia Pacific by the UDA in response to Asia Pacific’s original inquiry letter (Page 8 of the judgment). “Sumal utilised our money for other development and he is getting compensation while we are taken to the cleaners,” they accuse. Meanwhile, what’s not to like the potential buyers would have thought to themselves as they rushed to put pen to paper. Here’s the deal as far as Sumal Perera and the October judgment is concerned. Arulpragasam stated as follows inter alia –. Ltd., Rs. and send money to Hong Kong account, 20 perch blocks sold for Rs. mso-style-priority:99; Both companies having these very same shortcomings prove that they are the same. Recently Sumal together .. That’s huge. 12 million – that is Rs. His investments are in some of the top listed blue chip companies: Like the elitist Romans of 50BC according to Goscinny and Herge who were lured by glib advertising at arenas into buying luxury villas in the fictitious Mansion of the Gods, only to find themselves in the dangerous neighbourhood of a little Gaulish village that housed the formidable duo Obelix and Asterix the latter choc full of magic potion the other bathed in it, these businessmen and entrepreneurs were seduced by dreams of nature parks and what not. The Access logo continues to fly high on government projects including the mega construction of a fly over bridge at Nugegoda. some undervalued on paper. The very law mind you that took away their land in the first place. to speak to media, Land owners undervalue purchase price January 22, 2002 - Sumal Perera's Access Holdings Pvt. The court held the land was knowingly, deliberately and manipulatively sold to a private entrepreneur through a process that was conniving and contrary to the Fundamental Rights of the people and that the transaction reeked of corruption. Note also this. /* Style Definitions */ Sumal Perera is the Founder Chairman of the Access Group of Companies founded in 1989, he is also the Founder Chairman and a shareholder of AEL. 7 million in a bank account in Hong Kong. Sumal Perera and Asia Pacific would also be able to remove all movables within four months of the judgment and hand over vacant premises on or before February 8, 2009. Other bidders are of the opinion that the two companies of Sumal Perera were shortlisted at the instigation of R. Paskaralingam, member of the Economic Management Committee and ACCESS consultant. 600,000 a perch. Abandoned by all however, it is the buyers of the luxury villas that find themselves left in the lurch with even Sumal Perera allegedly dismissing their claims with a flick of his hand vowing he will not pay them back. Largest single share holder in sri lanka. He is allegedly the perpetrator but he can assume the role of the victim. “I am instructed by my client to write to you in view of the aforesaid findings of the Supreme Court of the Democratic Socialist Republic of Sri Lanka and consequences of such findings, it is now apparent you acting in collusion with the said Urban Development Authority without having any legal and lawful right title and interest to the said lot of land have sold and transferred the aforesaid allotment of land for valuable consideration and specifically agreed as aforesaid to warrant and defend the title.”. (See box for others who had purchased plots). The Sunday Leader attempted to get a comment from Sumal Perera on all these matters but he declined his privilege for right of reply. 40 million and Rs. (Page 31 of the judgement). He is also the son of one of the founding brothers of the PORCELANOSA Grupo and joined us as the guest of honour for the event. Others include Sumal Perera, the two Selvanathan brothers Hari and Mano and Thirikumar Nadesan to just name a few. font-family:”Calibri”,”sans-serif”; The Sales Agreement also undertook to construct roads, provide water and electricity with Sumal Perera allegedly promising buyers that the construction of the villas would attract duty free concessions as the project was BOI approved. By doing so you have unjustly enriched at the expense of my client wherein you without holding legal and lawful title to the property has collected large sums of money from my client. Ltd., some Rs. Primary among them were of course the children of Sumal Perera – daughter Swasha and son Shamal. Join Facebook to connect with ExAccess Employees and others you may know. Fernando 1, S.H.S. They are his daughter Rumali Swasha Perera, son-in-law Ashan Praveen Malalasekara and Sanjiv Prasanna Malalasekara, brother of Ashan Praveen Malalasekara. Ferdinando got one and directors of Asia Pacific Golf Courses Ltd., Ranjan John Suriyakumar Gomez and Joseph Christopher Joshua seven plots each. Also, when the company was founded in 2008, Sumal Perera was its board member, which is proven by the following document: Furthermore, the main shareholder of Arinma Holdings is Avonsmart Engineering: The German company UTSCH Tonnjes, which had the tender previously, got split as UTSCH and Tonnjes and allied with ACCESS and Avonsmart to submit two tenders. He is the leader and the lead vocalist of the popular Sri Lankan band, Gypsies. Back in 1999, when he was 32, he … The Letters of Demand sent by Attorney At Law G.G. mso-pagination:widow-orphan; Sunil Perera is a Sri Lankan vocalist, guitarist, songwriter and composer . mso-fareast-font-family:”Times New Roman”; v\:* {behavior:url(#default#VML);} Primary among them were of course the children of Sumal Perera - daughter Swasha and son Shamal. Little wonder that they didn’t. Perera had been defiant. In the final page of the 61 page judgment the Supreme Court directed the Bribery Commission to conduct an immediate inquiry into the transaction under all relevant laws on the actions of former President Kumaratunga, Ronnie Peiris and original shareholders of Asia Pacific Golf Course, Siva Selvaratnam, Suen Selvaratnam and Shantha Wijesinghe but neither Access Group nor Sumal Perera now the owner of Asia Pacific Golf Course were netted in with this group. mso-style-parent:””; I know the initial talk was for him to get the Governorship of the Central Bank, but I understand an even more devious operator with ties to the Sumal Perera owned Access Engineering as a non-exec director is vying for that slot. UDA also voluntarily offered the cabinet to use the Chief Valuer’s valuation as the basis on which the land to be sold. Of seven applicants, two have been shortlisted – UTSCH/ACCESS and Avonsmart/Tonnjes E.A.S.T. Suresh Dilhan Perera is on the board of Access International Pvt Ltd. and 10 other companies. Others include Sumal Perera, the two Selvanathan brothers Hari and Mano and Thirikumar Nadesan to just name a few. The Department of Motor Traffic (DMT) is going to award the number plate printing tender to a company that has violated tender procedures and accused of manipulation. o\:* {behavior:url(#default#VML);} If such global entrepreneurial giants like Alfred Krupp and Fritz Thyssen could take that inglorious path, why not a Sumal Perera or an Ashok Pathirage? His investments are in some of the top listed blue chip companies: Sumal Perera invested 16.8 million, Transcontinental Investments Pvt. The biggest investment came of course from Transcontinental, a company allegedly owned by Sumal Perera. 15 million. 68.2 million. His biggest windfall will perhaps come from the 105 plots of land some 20 perches each for the construction of 100 luxury holiday villas on stilts, most of which Perera hawked in 2003 and 2004 to private buyers at a price of over Rs. Already The Sunday Leader learns that two buyers deposited Rs.24 million and Rs.7 million respectively while their transfer deeds reflected an undervalued amount less than Rs.12 million per 20 perch block. mso-ascii-font-family:Calibri; Perera and the Access Group is a much larger entity than its recent purchase, Asia Pacific Golf Course Ltd. Sheran Fernando, Sumanapala Manapperuma of Manapperuma Traders, Sumal Perera and Ranjan Peries of Ranjan Motors: SML Frontier Automotive, the exclusive distributor and after sales service provider for Land Rover in Sri Lanka, hosted their Authorised Resellers recently. List of those who sent out Letters of Demand to Asia Pacific and UDA, Ranjan Madugalle, Aravinda De Silva, Janath Vidanage, Bob Kundanmal, Roshan A. Lyman, Behman Pestonjee, Pemaratne Gamage, A.G.Wimalasiri, Vijaya Kumar & Ravi Arjundas, Mrs. S. Roshni Advan, Abdul Gani Mohamed Yaseen, M.Jahid Osman, Sahid Osman, A.Razak Osman, Omar Jahi Sulaiman, Prabhath Jayasundera, Pee Bee Fashions Ltd, Dilip Bhambawani, Mahesan Sunderalingam, Name No. mso-tstyle-colband-size:0; Early last month Sri Lanka’s Supreme Court made history yet again when it ordered that the Water’s Edge Golf Course and Club house and all surrounding land including the residencies be handed over to the UDA to be used for the original public purpose for which it was acquired. There were 35 shareholders. Both purchased five lots each while his brother in law D.D.S. Gomez and others buying up plots simply means that he can play it both ways. “Don’t come after me,” he had reiterated laughing almost hysterically according to one land owner. 312 pp, 10 per share. 900,000 worth shoes and Rs. mso-para-margin-top:0in; He too instilled confidence in his victims by showcasing a number of allies and partners either with or without their knowledge. The rest of the 31 shareholders invested Rs. They are his daughter Rumali Swasha Perera, son-in-law Ashan Praveen Malalasekara and Sanjiv Prasanna Malalasekara, brother of Ashan Praveen Malalasekara. Also, the two have the same managing director, Markus Muller, as shown by the documents given below. But let’s put Transcontinental Investments into perspective. See the complete profile on LinkedIn and discover Sumal’s connections and jobs at similar companies. Sumal has 1 job listed on their profile. No doubt the presence of the UDA in the transaction with these businessmen buying their future holiday villas was to instill in them a sense of trust and confidence. Secondly while Asia Pacific Golf Course Ltd., was a relatively unknown company that was in fact cloaked in dubiety the Access Group logo that accompanied the brochures again instilled a certain confidence at least of financial viability in the potential buyers. This company has appeared as three separate companies, although their directors are the same. Copyright © 2021 Sri Lanka Mirror. For that matter President Mahinda Rajapakse was also a member of that cabinet and even though Kumaratunga is held to have mislead cabinet no minister can divest him or herself from collective responsibility.
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