• Wion
  • /South Asia
  • /Rajapaksa family tightens grip on crisis-hit Sri Lanka - South Asia News

Rajapaksa family tightens grip on crisis-hit Sri Lanka

Rajapaksa family tightens grip on crisis-hit Sri Lanka

Newly appointed Sri Lanka's Minister of Finance Basil Rajapaksa gestures after signing documents during his swearing-in ceremony at the Ministry of Finance office in Colombo on July 8, 2021.

A brother of Sri Lanka's President GotabayaRajapaksaon Thursday became finance minister, tightening the family's grip on power in the South Asian nation as it confronts growing economic troubles.

BasilRajapaksa, 70, took over the finance portfolio from another brother, Prime Minister MahindaRajapaksa.

The 72-year-old president has put Mahinda in charge of a newly created but lower level economic policies and planning ministry.

Add WION as a Preferred Source

MahindaRajapaksa, 75, was the country's president for a decade up to 2015, and Basil, who is known as the family's political strategist, managed the economy then.

Basil takes charge now after the economy recorded a coronavirus-inflicted 3.6 percent contraction for 2020, the worst since independence from Britain in 1948.

With his entry, the cabinet headed by Gotabaya now has five members of theRajapaksafamily.

Eldest brother Chamal, 78, is minister of irrigation while the prime minister's eldest son Namal, 35, is the youth and sports minister.

SeveralRajapaksafamily members hold junior minister positions and other key positions in the administration.

BasilRajapaksawas described as "Mr Ten Percent" in a 2007 US embassy cable published by the WikiLeaks organisation because of commissions he allegedly took from government contracts.

He has denied any wrongdoing and inquiries failed to find any evidence to back charges he syphoned off millions of dollars from state coffers.

As a dual US-Sri Lankan citizen, Basil was prohibited from standing in the 2020 election, but Gotabaya removed constitutional provisions which prevented his entry to the legislature.