Sri Lankan lawmaker calls on China’s Xi Jinping to cease its ‘financial invasion’

A Sri Lankan parliamentarian has shot off a letter to Chinese language President Xi Jinping to cease its financial invasion of the island nation, placing its future in jeopardy.

Notably, the letter comes days forward of Chinese language Overseas Minister Wang Yi’s go to to Sri Lanka to mark the sixty fifth anniversary of China-Sri Lanka diplomatic relations.

In a 45-point letter to the Chinese language president, Sri Lankan lawyer and Member of Parliament Wijeyadasa Rajapakshe mentioned that a lot of the tasks carried out with Chinese language funds have been wasteful and huge commissions have been paid to the corrupt politicians and officers to safe such tasks.

He additionally warned China of the repercussions for to its fixed affect on Sri Lankan politicians, including that the folks won’t hesitate to overthrow the federal government on the first out there alternative and this could possibly be the case within the subsequent election within the nation.

Additionally learn | With Colombo port metropolis, China sees a possible abroad colony in Sri Lanka

The lawmaker mentioned if these agreements are discovered not in compliance with finest practices, they’d be cancelled as soon as the brand new authorities takes over.

“Transactions you have got secured by corruption will probably be cancelled and we maintain no legal responsibility to pay again any loans obtained for such contracts. Within the occasion of any restructuring, in no way the interval of any settlement will probably be permitted to exceed a interval of 15 years from the date of the inception of such contracts,” he mentioned.

Rajapakshe additionally accused of China utilizing the ‘One Belt, One Highway’ coverage into pushing Sri Lanka into its “debt entice” “with the final word ambition of creating this nation a battlefield of yours in your voyage to the world’s energy.”

Later whereas chatting with WION, Rajapakshe blamed Mahinda Rajapaksa, the two-time president and the present prime minister, for letting Sri Lanka get trapped underneath the Chinese language debt.

Additionally learn | As US withdraws help, Chinese language mission to push Sri Lanka additional into debt succeeds

In 2017, the earlier Maithripala Sirisena authorities needed to hand over Hambantota port to a state-run Chinese language agency for a 99 years’ lease as a debt swap amounting to $1.2 billion.

“When Hambantota port undertaking was commenced, negotiations had been happening through the president (Chandrika) Kumaratunga interval. They (Chinese language agency) had been to assemble a harbour there and for that, they quoted $390 million.”

“After the change of the federal government in 2005, when Rajapakshe got here to energy—the time when China launched their One Belt One Highway initiative—the citation of the contract went up. Initially, they charged $580 million and at last ended up quoting $1,285 million.”

Aside from making the nation bankrupt, Rajapakshe additionally blamed China for dismantling Sri Lanka’s international relations with India, US and the EU.

(With inputs from businesses)

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