(Lanka-e-News- 04.Nov.2015, 11.55PM) Like how the notorious fraudster Sakvithi Ranasinghe posed for photographs with ex president Mahinda Rajapakse , and used those photographs to defraud people in many millions of rupees, Lanka e news is now in receipt of reports that another scoundrel , toeing Sakvithi line is getting ready to cheat on the public in millions using photographs after his posing with the incumbent president Maithripala Sirisena.
This unscrupulous scoundrel , who is imitating ‘Sakvithi’ is Dr. Hiran Hettiarachchi the owner of Blue Mountain property sales Co. that commenced business five years ago.
Like Sakvithi , this swindler too via newspaper and television advertisements is carrying on bogus publicity campaigns. According to his advertisements , the Blue mountain Co. has a staff of 2100 members, and purchasers of their plots of land are 200,000.It is also falsely portrayed that the assets of the company amount to Rs. 14 billion , and in Sydney , Australia too they own multi storied apartment complex .
The SL media too has allowed this fraudulent activity to operate without let or hindrance , which is aimed at cheating the public , in spite of the fact that this is a country which insists on a death certificate even to publish an obituary via its media. When this Co. has portrayed it has assets to the tune of Rs. 14 billion , the SL media without calling for a valid certificate from a recognized auditing Co. to testify to the company’s grandiose and spurious claim has published these advertisements. Owing to these blunders or calculated deceitful practices, it is the people who are at the receiving end of these frauds perpetrated by these confidence tricksters and fraudsters ,and finally it is the public and the Central bank that are found fault with, while the media Institutions which published these to make a fast buck , simply to earn their daily livelihoods are not held liable.
The Central bank taking a lethargic attitude and the Inland revenue department preferring a deep slumber to conscientious attention to work without keeping a surveillance on these small time businessmen who are trying to become sharks at the expense of the people and the country, is providing the necessary climate and encouragement to these fraudsters and confidence tricksters.
When Lanka e news probed into this massive scam , it was discovered that although the Co. claims it has a staff strength of 2100, the EPF payments are being made by the Co. only in respect of less than 200 members of the staff .If there are 200, 000 buyers of lands within five years as claimed by the Co. , 110 plots of land each 5 acres at least in extent should have been sold every day . This is therefore a blatant brazen lie solely and wholly aimed at duping and deceiving the public. The claim that Blue mountain has assets valuing Rs. 14 billion is another absolute falsehood, for even for a bank in SL to collect that amount of funds it will take about ten years.
In short the modus operandia of Dr. Hiran Hettiarachchi is: after establishing a company in the name of Blue Mountain , he is draping the Sakvithi within him in Sil robe to look a monk , and making grandiose advertisements in order to portray he is a holy man with a view to collect advance payments fraudulently from the public while announcing multistoried apartments are being constructed for them . This fraudster who has collected advance payments in relation to over 15 projects has only just started construction of a storied complex at Kohuwala . He has however not paid monies for purchase of other lands in respect of other projects .Hence those who paid advances relying only on paper will have to commit suicide sooner or later .
Although this modern Sakvithi has sold lands in congested Colombo Municipal and urban council limits after blocking them , the revenue stamp duty due to the western provincial council has not been paid.That is he has committed a huge fraud thereby in keeping with his overriding swindling traits. Even his deeds are written by a team of lawyers who are his bosom pals.
This fraudster registers the first copy of the deed relating to a plot with the land registration depatment , but the second copy that should bear the revenue stamps is not registered .Thereby, the Western PC is deprived of its revenue in many millions via this illegal calculated omission .Those who recieved lands this way , although had a deed given by Blue Diamond , have not obtained a legal title even after making represnetations to the lands department in ths regard .This is because the stamp duty in respect of these deeds have not been paid and therefore these deeds have not been duly registered .
There are countless charges against Blue Mountain owner , Dr. Hiran Hettiarachchi and his board , as well as the CEO .After joining hands with an individual who came out after defrauding the People’s bank , one of the chiefs of this swindling Co. secured a massive loan via wrongful channels by forwarding a false estimate after inflating the value of the lands .
It is the duty of the government of good governance even at this belated stage to take immediate measures to forestall the creation of more Sakvithis in the name of Blue mountain or any other. By the proliferation of these fraudsters , racketeers , swindlers and confidence tricksters , it is the hard earned monies of the law abiding citizens carefully collected through life long sacrifices that are made to go down the drain , when these scoundrels and their bogus companies dupe and deceive the public .It is the inescapable duty of the officials to uproot such fraudsters and their establishments at the very outset by nipping it in the bud. The media Institutions too should act with responsibility when publishing advertisements that aim at collecting public funds instead of fixing the gaze on the profits they derive from publishing such advertsements . The people too must think a hundred times before they make investments ., for it has been proved now without doubt that the so called millionaire businessmen in Sri Lanka are the biggest faudsters . Their visible honesty is only that invisible dishonesty not yet known. The SL’s business climate currently is so sordid , a businessman’s Prado is only synonymous with fraud, unlike in the days gone by when a Prado was synonymous with prestige. This is all because politicians lately became pawns in the hands of rich spurious businessmen, after coming into power on the votes of the genuine masses.
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by (2015-11-05 00:02:29)
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4 discussion on this news
Why are you advertising this company on your website?
-- by Christine Stephens on 2015-11-06
To: Christine Stephens,
They are trying to help us by informing. I don't see this as an advertisement. Now I am peculiar to even invest in real estate.
-- by Surendha on 2015-11-11
why is that people of Sri Lanka are not comparing the photos of Bernard Madoff,Lalith Kothalawala Madeoff & Dr.Hiran Hettiarachchi Madeoff.
-- by ananda on 2015-11-12
Dear Author, thank you for your excellent investigative reporting. I am a victim of this fraudster and the Blue Mountain Company. I have filed a case against this company and awaiting an outcome. You are doing a community service by letting the public know about this company and trying to prevent a massive fraud. This company will not only rob you your hard earned money but they also steal your soul.
Before this “Sakvithi” or Sri Lankan Bernie Madoff steal 100’s of potential investors money using their latest Achilleion 7 Star project, we need to inform the Sri Lankan public about this scam artist. We need to have another platform like “Lanka e news” because as you know LEN is constantly being blocked by Sri Lanka and the general public will be victimized.
-- by Kent Weerasinghe on 2016-11-07
