SRILANKA TODAY

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Saturday, August 22, 2009

Sri lanka seeks LTTE assets worth Millions of dolars

Sri lanka seeks LTTE assets worth Millions of dolars

The Defence secretary has called on foreign countries to hand over Tamil Tiger rebels and their assets, worth of millions of dollars.


The demand by Gotabaya Rajapaksa came weeks after the arrest of the new Tamil Tiger leader, Selvarasa Pathmanathan.

The LTTE had a well-organised overseas network to fund their arms purchases.


Its investments abroad are said to range from grocery shops to real estate, from petrol stations to temples, from commercial shipping to financing movies.


But most of these activities were carried out under different names as the rebels were banned in many countries.
The estimates about the LTTE's assets and investments range from $300m (£182m) to $1bn. Mr Pathmanathan is believed to have substantial knowledge about these assets.
"Once it is proved that these assets belong to the LTTE, then concerned countries should hand over the assets as well as the remaining LTTE members to Sri Lanka," Mr Rajapasa said.
He said that "if the western world is serious about fighting terrorism" it would not provide safe sanctuary "to a terrorist organisation like the LTTE".
The arrest of Mr Pathmanathan is regarded as a significant blow to the LTTE's overseas operations, especially when it was desperately looking for a figurehead to revive the organisation and boost its sagging morale following its defeat on the battleground.