Mar 14, 2019

Yatra FM sold to ‘Allirajah’? Featured

The Yatra FM channel belonging to Mahinda, Janaka and the Ramanayake family and the TV channel which is currently un-operational, is said to have been sold to a company owned by the Chairman of Lyca Mobile, Subhaskaran Allirajah, Sri Lanka Mirror learns.

Currently, it is the same Allirajah who has purchased shares in the controversial Swarnavahini media group.

It is reported that he is also trying to buy up another prominent radio station in the country.

However, Janaka Ramanayake is said to be vehemently opposed to this deal and he had placed FB posts to that effect.

Janaka Ramanayake’s FB post.

yathraFM1 670px 19 03 14

The plan to sell Yatra to Allirajah had been done by Mahinda Ramanayake’s brother-in-law Ruwan Edirisinghe and MP Dillip Wedarachchi’s advisor Prasanna Kulatunge.

Kulatunge had previously worked for Janaka Ramanayake as the CEO of the media institution.

However, Ramanayake had removed Kulatunga from his post due to a fraud.

Ruwan Edirisinghe had also worked as a special projects director for President Maithripala Sirisena but he too had been removed over a school bag fraud, for which he served several days in prison.

During former President Chandrika Bandaranaike Kumaratunge’s term she had given the radio and TV licenses to Janaka Ramanayake’s father Mahinda Ramanayake.

This media network was previously known as ‘Max’ but last year the name was changed to ‘Yatra’. It is also reported that this channel had also been leased to Arjun Aloysius for some time.

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