It is quite apparent from the beginning
that NO ONE in Government really understood this transaction and business, and
therefore have made decisions against the best interests of the Country in
terms of loss of Foreign Exchange.
In this saga, it was simply up to Avant
Garde in the guise of its Chairman, who spent Rs50M to take out double page
spreads in the Middle Section of Weekly Newspapers to portray him as a modern
day Robin Hood, and the gullible populace swallowed it hook line and sinker. The
BRAIN DEAD POLITICIANS who run this Country, on the other hand made spiteful
decisions (typical of a Sinhala mentality) to try and bring this business down,
and possibly try to take pieces for themselves, but as this business was
misunderstood, could not replicate it either.
It is a very simple business that any
idiot can do, but it just needs a little bit of planning and execution with
precision to impress on its customers that it has state patronage, and is free
from leering eyes. This Ghotabhaya Rajapakse gave.
This is a job that Rakna Lanka a fully
state owned Company could easily have done, however as that is subject to interference
from ignorant Ministers, it was felt that it was too risky for its long term
success and so Rakna Lanka just supplied some of the personnel and arms and
were in turn reimbursed a fraction of what Avant Garde charged its customers,
the Security Operations who gave protection from Pirates to the International
Shipping Lines.
The success of these Security Companies
is evidenced by the fact that there have been NO pirate attacks in the past 4
years. However the Shipping Companies are charged an arm and a leg for this
protection, and dare not reduce this for fear of a recurrence, and the fear
that these self same companies have put the Shipping Companies on. In short it
is a greatest protection racket in world history, paid for BY YOU AND ME
through the product costs that eventually reflect this charge that the shippers
have passed on to freight rates.
YESS THE GREATEST PROTECTION RACKET IN
HISTORY OF THE WORLD – So far has cost Shipping lines in excess of US$4Billion.
Avant Garde has benefitted to the tune of about US$ 300M before paying Rackna
Lanka a measly US$10M for a bulk of the services. TO put in context, when a
Rackna Lanka Sea Marshal on hazardous duty earns US$ 700 a month, his services
are charged at US$ 20,000 a month to the Shipper, and Avant Garde are paid US$
7,000 a month of which US$6,000 is paid direct into an offshore account of the
Chairman of Avant Garde and the Balance US$1,000 is shown in the books of AG
which show the funds coming in, that is the FOREX!!!
I hope it is clear to the reader how
this scam works. There is SO MUCH MONEY. So what the potential competitor does
is tell the Security Company instead of charging US$7,000 they will do for
US$5,000 or less and take business away from AG and AG used Ghotabaya to
prevent competition by giving it a monopoly status in Sri Lanka.
IF NOT FOR IDIOTS WHO RUN THIS
GOVERNMENT, Rakna Could have charged the full US$7,000 per sea marshall and
brought ALL THIS FOREX into Sri Lanka, and the Govt. could have used this money
to improve the quality of life of its people.
SO WHO ARE THE TRAITORS? They are not
just the Chairman of AG who wants to make money as the motivation for his risk
and effort, it is the BRAIN DEAD Elected officials that the people have put in Parliament,
who are so moronic that they think they can make some money from a business they
have helped to KILL.
They have killed the GOOSE THAT LAID THE
GOLDEN EGG, and deprived the State of about US$500M a year in income.
All the Security Companies also are OFFSHORE
as they are also avoiding paying taxes, and the former soldiers and seamen who are
operating them don’t pay taxes in the Countries they are citizens of. So keeping
money offshore is part of the game and paying people off for silence is also part
of the game.
No wonder then that the traitors of previous
Governments and traitors of the present Government have been paid off so handsomely
for their silence. No wonder too that there are dummies trying to muscle in on this
and edge out AG.
It is against this backdrop that the reader
should understand what is going on, and what has happened in the last year, in as
much as spite and envy and greed have all come together to kill a promising venture.
Sri Lanka being uniquely positioned in the Indian Ocean could have neatly run this
business, and now the Navy who is still seething from rivalry, that former Navy
Commanders are in the payroll (earning multiples what they earned as Navy Commanders)
of AG that the current top brass want to destroy and have so taken the ship that
was providing the auxillliary service in the Red Sea (with full knowledge of the
DEFENCE ESTABLISHMENT) into custody, thereby destroying any further chance of this
business reestablishing itself.
WHERE IS THE MEDIA IN NOT REPORTING? PAID
OFF I SEE!
and dare not reduce this for fear of a recurrence, and the fear that these
ReplyDeleteInsurance Companies require Armed marshal's on ships going thru Red Sea and Gulf of Aden
The above comment is actually legitimizing this great confidence trick, because it is these self same security companies that have persuaded the insurance companies on the need to have armed marshalls.
ReplyDeleteIn fact they pay the potential pirate thugs of Somalia not to take to the waters but continue to make threatening noises, to keep up this sham.
It is estimated that the Pirates get US$500M a year for this, so there is a lot of money being shared from this gravy train, that you and I are unwittingly paying for.
If only doing business was so easy! Let us all take a portion of the seas and threaten shipping.
http://www.lankabusinessonline.com/avant-garde-issues-statement-on-its-red-sea-floating-armory/
ReplyDelete