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Disbursements - JPAA Canada Trust Fund

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Disbursements – JPAA Canada Trust Fund

Posted on 01 October 2018 by admin

WITHOUT PREJUDICE

This report is authored by Upali Obeyesekere, Founding President of JPAA Canada based on hard facts and documentation at hand. The following quotes were our guiding light in dealing with the challenges the Joint Trustees had in safeguarding the funds in the JPAA Trust Account.

 

QUOTES: 

  • Next to doing the right thing, the most important thing is to let people know you are doing the right thing. John D. Rockefeller 
  • Leadership is about doing the right thing, even if it is going against a vast number of naysayers and mediocre people. N. R. Narayana Murthy 
  • With integrity, you have nothing to fear, since you have nothing to hide. With integrity, you will do the right thing, so you will have no guilt. Zig Ziglar
  • The supreme quality for leadership is unquestionably integrity. Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office. Dwight D. Eisenhower
  • One of the best paradoxes of leadership is a leader's need to be both stubborn, strong and open-minded. A leader must insist on sticking to the vision and stay on course to the destination. But he must be open-minded during the process. Simon Sinek

 

THE STORY

The JPAA Trust Fund (In Canadian Dollars) was created at the turn of the century to conserve funds from JPAA Canada fund-raising events such as "Fellowship Nite" and "JPAA Annual Dance". What started off as a sound financial move turned into a nightmare that posed an ongoing challenge to the two trustees who were entrusted to manage the funds. It is alleged that the funds in this trust account was the bone of contention that may have eventually led to “sabotage” and the formation of the two breakaway groups in 2012 and 2017. There were ongoing attempts to move funds from the trust account for frivolous projects in Sri Lanka that were turned down. It transpired that the parties who recommended the transfer funds of the JPAA Trust Account were working in liaison with interested parties in Colombo. Subsequent investigations revealed this to be a correct revelation.

The trust fund was originally opened in a Canadian Bank branch in Scarborough where the Branch Manager was an Old Peterite. In one instance the Manager of the Bank showed Upali Obeyesekere and Christy Joseph a letter written by the then General Secretary and Hony. Treasurer requesting total withdrawal of funds. On seeing this unauthorised letter, Upali & Christy promptly took pro-active steps to close the account at Scotiabank immediately and move it to another Canadian bank to secure the funds. Strict instructions were issued that only the assigned two trustees are authorized to deal with the bank with regards to the funds in the JPAA Trust Account. This safeguard was necessary as it was alleged a handful of deceitful members were attempting to withdraw funds from JPAA Canada Trust Fund surreptitiously. Had it not been for due diligence of the two trustees (Upali Obeyesekere & Jeevan Pragasam), this could very well have happened.

In the case of the initial bank, the branch manager apparently had been a classmate of the then Hony. Treasurer at St. Peter's College. This same bank manager made a startling revelation to Upali Obeyesekere and Christy Joseph. He claimed to have attended a meeting in new millennium where a group had gathered in the basement of a house in Scarborough and formed a breakaway Peterite Association with the specific intent of giving the new organization legitimacy and authenticity to manage the JPAA Trust Fund. He also named a past-president of JPAA Canada (name withheld) as the 'president-elect' of this breakaway group that never took off after this illegitimate initial meeting. Probably this rebellious group realised it wan not that easy to fool all the people in this fraudulent plan and abandoned the idea. Had it not been for the due diligence exercised by the two trustees and Christy Joseph (JPAA President), the trust fund may have got hijacked at some point in time in the last 8 – 12 years. Upali Obeyesekere, Jeevan Pragasam and Christy Joseph should be commended for securing the funds of JPAA Canada and ensuring it was diverted to the alma mater.

The founding President Upali Obeyesekere (SPC) was entrusted to manage the "Trust Fund" along with co-trustee Jeevan Pragasam (SJC). A strict policy was established that disbursements from the 'trust fund' would be made only to the Alma Mater for specific projects. All donations from the trust fund would only be sent directly to the two rectors and not to the respective parent OBUs in Colombo. Word on the street is that this policy was not a popular one as the OBU had leaned on getting the funds directly to them.

JPAA Canada Select Committee comprised of incumbent President Christy Joseph, Executive Committee Member Aubrey Atton & Founding President Upali Obeyesekere

Incumbent JPAA Canada President Christy Joseph, founding president Upali Obeyesekere and Interim General Secretary, JPAA Canada Aubrey Atton formed a three-man Special Committee to manage and disburse the funds in the "trust account" and the "operating account". After much deliberation and reconciliation – the special committee decided to disburse balance funds in two separate payments to the two Rectors of SJC & SPC, equally.

The first disbursement of $5,713.20 each was mailed by JPAA Canada President Christy Joseph to past-president SPC-OBU Roshan Dharmaratne who personally handed over the bank drafts to the two rectors on behalf of JPAA Canada, along with SPC-OBU President Asela Lihinikaduwa.

The second and final disbursement of $2,167.03 was personally handed over to Rev. Fr. Trevor Martin – Rector, SPC and Rev. Fr. Travis Gabriel – Rector, SJC by JPAA Founding President Upali Obeyesekere in the presence of SPC-OBU past-president Roshan Dharmaratne. This was done last December (2017). Specific projects were identified when the donations were made and Fr. Trevor and Fr. Travis both agreed with our direction on this matter. In total, a sum of $7,880.23 each was given to the two schools by JPAA Canada in 2017. This amount in Sri Lankan currency came to slightly less than a million rupees, per school.

 

 

 

-THE END –

 

 

 

 

 

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Josephian-Peterite Alumni Association of Canada - JPAA Canada  (1984-2017)

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Josephian-Peterite Alumni Association of Canada – JPAA Canada (1984-2017)

Posted on 01 July 2018 by admin

 

 

 

 

 

Benito de Silva & Upali Obeyesekere

WITHOUT PREJUDICE

The Josephian-Peterite Alumni Association of Canada (JPAA CANADA) was formed in 1984, at a time when there were less than 100 'Old Boys' from the two schools in Canada. It was the brainchild of Upali Obeyesekere (Old Peterite) who invited Benito de Silva (Old Josephian), a close friend from back home (Sri Lanka) living in Toronto to help form a cohesive group that would make this project a reality. Upali and Benito then sought out Old Joes and Old Peterites within their immediate circle of friends and then came up with a balanced team to take the project forward. Since the numbers were small, Upali wanted it to be an Ad-Hoc committee instead of a structured Non-Profit Corporation. This was the most practical format for the new association at the time.

The original members of this select group were Upali Obeyesekere, Benito de Silva, Sunimal Perera, Jimmy Raymond, the late Roy Alles, Anthony Perera, Nihal Perera and Hamzee Hameed. In 1985, Lucky Ranchigoda and Lyall Bakelmun were co-opted to the ad-hoc committee. In later years (1986-1990), Ian Joseph, Raymon Lord, Rohan Vanigasooriyar, Chris Cooke and Basil Gurusinghe were invited to serve on the committee. Care was taken to always ensure the group was balanced equally to justify the tagline – 'Joint Association'. It must be said that the formation of individual associations at the time was a near impossibility that would not have gone anywhere. In retrospect, the joint committee decision was a brilliant idea that grew with time.

But as time rolled by the numbers started to increase as more and more Old Joes and Old Peterites had made Canada their adopted home. This gave rise to dissension amongst the membership and also the formation of a meaningless rival group by a few Old Peterites in 2012 – people who were non-members of JPAA Canada.

The 2016 AGM held in April 2017 at Markhan Rugby Club was an unqualified mockery where a group of JPAA Members were known to consume alcohol prior to the meeting and behaved in an irresponsible manner during the sessions for reasons best known by the offending parties. It seems that a few in this dastardly group had their own agenda and conducted themselves in a manner that was un-Peterite and un-Josephian.  It was a sad display of adults behaving like children. A few, including five past-presidents showed scant respect for leadership and abused the intrinsic values of dignity and decorum. This was the day many passionate members of JPAA decided that 'enough is enough'.

Post-AGM, a couple of past-presidents intimidated the scribe (member) who was assigned to take down minutes of the 2016 AGM. The unholy request was to doctor the minutes but this failed due to honesty of the scribe who showed his personal integrity by refusing the request. False motions were spoken and written about by these two past-presidents that was tantamount to falsehood and absolute lies. The sanctity of JPAA Canada was laid to rest in a coffin due to such erratic behaviour. The pathetic  conduct of these two past-presidents joined by a few others with hidden agendas contributed to the eventual demise of JPAA Canada. 

Then in 2017, the Josephians too started to branch off and formed its own group – St. Joseph's College Old Boys' Association Canada. While all this was happening, the original JPAA Canada was still actively functioning with Christy Joseph, incumbent president of the joint association in 2017. The incumbent Hony. Treasurer & Hony. General Secretary were removed from office due to conflict of interest issues mid-year. The 2017 Hony. Treasurer of JPAA Canada cut a sorry figure when he surreptitiously joined the Josephian breakaway group as its Membership Director, while in office. The Hony. General Secretary was removed for initiating mis-leading electronic mail to members of JPAA Canada, without consulting or getting approval from JPAA President Christy Joseph. This was deemed 'professional misconduct'. 

JPAA Canada Select Committee comprised of incumbent President Christy Joseph, Interim General Secretary Aubrey Atton & Founding President Upali Obeyesekere

With this backdrop, a 'three-man strategic committee' was formed to review the new breakaway developments that had taken place during the year (2017) and arrive at a balanced decision on the future of JPAA Canada. Founding President Upali Obeyesekere chaired this 'special committee' with incumbent president Christy Joseph and Executive Committee Member Aubrey Atton.

It was important for the special committee to uphold the values of the alma mater at all costs. It was also important to recognize that the Josephian-Peterite Alumni Association of Canada was the first Sri Lankan Alumni Association to be formed in Canada. Also at issue were monies that were in the JPAA Canada Trust Fund that was "frozen" by the bank due to serious administrative issues arising from the improper action of two past presidents and the newly appointed Hony. Treasurer of JPAA Canada in the 2017 Executive Committee of President Christy Joseph. These people, it is alleged misled the bank as to the proper signing authority in relation to the JPAA Canada Trust Fund.

The bank in question conducted a forensic investigation into the legality of the 'Trustees' and came to the conclusions that a few members (in the Committee and outside the Committee) had been spokesmen for JPAA Canada and presented false and misleading information. Consequently, at a meeting with bank officials two past-presidents behaved in a pitiful, irresponsible and arrogant manner that caused the bank to decide firmly that the funds in the JPAA Trust Account will continue to be "frozen" and the matter was then escalated to the legal department of the bank. The bank made a final decision that the funds will be frozen until the trustee on record who has signing authority approves the release of funds – viz: Upali Obeyesekere.

The three-member committee looked into all aspects of continuing JPAA Canada as a joint association but realised that this was not practical due to the dissensions that had been created by the formation of the two breakaway groups. After careful deliberation, the special committee unanimously decided to dissolve JPAA Canada effective December 31, 2017, and send the funds in the JPAA Trust Account equally to the two schools – St. Joseph's College & St. Peter's College. This was a courageous decision that had the blessings of several long-standing passionate members of JPAA Canada in the Greater Toronto Area (GTA), Ottawa, and Hamilton. All agreed that this was the best way to go. It was a classic illustration of 'when the going gets tough, the tough gets going'!

The question of dividing the trust fund monies between the two breakaway groups in Toronto was a definite 'non-issue'. It was important to do the right thing.  The JPAA Select Committee decided it was time to cease and desist any activity (operational, administrative and financial) since there were two breakaway groups formed in 2017. As such, it was decided to dissolve JPAACanada effective December 31, 2017, and divide the JPAA Trust Fund, in addition to the balance funds in the Operating Account to the two schools equally. This was the most fair course of action to be taken under the circumstances.                                                                                                                                                                                         

JPAA CANADA TRUST FUND (In Canadian Dollars) – The JPAA Trust Fund was created at the turn of the century to conserve funds from JPAA Canada fund-raising events such as "Fellowship Nite" and "JPAA Annual Dance". Word on the street is that the funds in this trust account were the bone of contention that may have led to the formation of the two breakaway groups. There were ongoing attempts to move funds from the trust account for frivolous projects in Sri Lanka that were turned down.

The trust fund was opened in a Scotiabank branch in Scarborough where the Branch Manager was an Old Peterite. In one instance the Manager of the bank showed Upali Obeyesekere and Christy Joseph a letter written by the then General Secretary and Hony. Treasurer requesting withdrawal of funds. Upali & Christy promptly took pro-active steps to close down the account at Scotiabank and move it to another Canadian bank to secure the funds. Strict instructions were issued that only the assigned two trustees are authorized to deal with the bank with regards to the funds in the JPAA Trust Account. This safeguard was necessary as it was alleged a handful of deceitful members were attempting to withdraw funds from JPAA Canada Trust Fund surreptitiously. Had it not been for due diligence of the two trustees (Upali Obeyesekere & Jeevan Pragasam), this could very well have happened.

In the case of Scotiabank, the branch manager apparently had been a classmate of the then Hony. Treasurer at St. Peter's College. This same bank manager made a startling revelation to Upali Obeyesekere and Christy Joseph. He claimed to have attended a meeting in new millennium where a group had gathered in the basement of a house in Scarborough and formed a breakway Peterite Association with the specific intent of giving the new organization legitimacy and authenticity to manage the JPAA Trust Fund. He also named a past-president of JPAA Canada (name withheld) as the 'president-elect' of this breakaway group that never took off after this illegitimate initial meeting. Probably this rebellious group realised it wan not that easy to fool all the people in this fraudulent plan and abandoned the idea. Had it not been for the due diligence exercised by the two trustees and Christy Joseph, the trust fund may have got hijacked at some point in time in the last 8 – 12 years. Upali Obeyesekere, Jeevan Pragasam and Christy Joseph should be commended for securing the funds of JPAA Canada and ensuring it was diverted to the alma mater.

The founding President Upali Obeyesekere (SPC) was entrusted to manage the "Trust Fund" along with co-trustee Jeevan Pragasam (SJC). A strict policy was established that disbursements from the 'trust fund' would be made only to the Alma Mater for specific projects. All donations from the trust fund would only be sent directly to the two rectors and not to the respective OBUs.

Accordingly, as decided by the special committee the balance funds in the 'trust account' were disbursed in two separate payments to both rectors equally. The first disbursement of $5,713.20 each was mailed to past-president SPC-OBU Roshan Dharmaratne who personally handed over the bank drafts to the two rectors on behalf of JPAA Canada.

Upali Obeyesekere handing over $2,167.03 bank draft to Rev. Fr. Trevor Martin in December 2017

Upali Obeyesekere handing over bank draft for $2,167.03 to Rev. Fr. Travis Gabriel in December 2017.

The final disbursement of $2,167.03 was personally handed over to Rev. Fr. Trevor Martin – Rector, SPC and Rev. Fr. Travis Gabriel – Rector, SJC by JPAA Founding President Upali Obeyesekere in the presence of SPC-OBU past-president Roshan Dharmaratne. This was done last December (2017). Specific projects were identified when the donations were made and Fr. Trevor and Fr. Travis both agreed with our direction on this matter. In total, a sum of $7,880.23 each was given to the two schools by JPAA Canada in 2017. This amount in Sri Lankan currency came to slightly less than a million rupees, per school.See below for detail report in pdf format.

JPAA CANADA TRUST FUND DISBURSEMENTS 2017

This report is authored by Upali Obeyesekere, Founding President of JPAA Canada based on hard facts and documentation at hand. 

 

QUOTES: 

  • Next to doing the right thing, the most important thing is to let people know you are doing the right thing. John D. Rockefeller 
  • Leadership is about doing the right thing, even if it going against a vast number of naysayers and mediocre people. N. R. Narayana Murthy 
  • With integrity, you have nothing to fear, since you have nothing to hide. With integrity, you will do the right thing, so you will have no guilt. Zig Ziglar
  • The supreme quality for leadership is unquestionably integrity. Without it, no real success is possible, no matter whether it is on a section gang, a football field, in an army, or in an office. Dwight D. Eisenhower
  • One of the best paradoxes of leadership is a leader's need to be both stubborn, strong and open-minded. A leader must insist on sticking to the vision and stay on course to the destination. But he must be open-minded during the process. Simon Sinek

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

 

 

 

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JPAA CANADA TRUST FUND

Posted on 16 November 2016 by admin

Appended below is an e-mail communication between Joint Trustee of the JPAA Canada Trust Fund Upali Obeyesekere and Honorary Auditor, JPAA Canada Chris Serpanchy on November 15, 2016. Contents of the e-mail is self-explanatory. 

Download pdf document – JPAA CANADA TRUST FUND ACCOUNT

—————————————————————————————————————————————————————————————————

November 15, 2016.

Mr. Chris Serpanchy  – Hony. Auditor, JPAA Canada 
 
Dear Chris, 
 
I must report a serious situation that has arisen in one of the two “Trust Accounts” held by JPAA Canada of which the undersigned is Joint Trustee. The amount in question is Three Thousand Seven Hundred and Forty-Five Dollars and Cents Fifteen ($3,745.15). The monthly statement that were sent to me suddenly stopped and on enquiry with TD Canada Trust, 1800 Sheppard Av E (Fairview Mall) Branch I am told that this account has been closed as of June 13, 2016. 
 
I spoke to JPAA President Christy Joseph this morning about the matter. He was very vague as to how this happened and said JPAA Hony. Treasurer Radley Perera had authorized the withdrawal of these funds. I do not know who this person is and how he had the authority to withdraw the funds without first obtaining the approval of the two trustees who must sign a bunch of documents to get this done. Further, Radley Perera was not the elected Hony. Treasurer at the AGM held on April 8, 2016, and I have not received any communication from the President, JPAA Canada informing us that he has changed the elected official and replaced with a new one. 
 
I have initiated an investigation into the matter and it will take a little time for the bank to apprise me of specific details of who signed the documents for the withdrawal of these funds.  
 
As you are aware, the two trustees to the JPAA Trust Account can be changed only at an Annual General Meeting held annually by the general membership only.  
 
Let me get to the bottom of this soon after which a final report will be submitted to you. 
 
Sincerely, 
 
Upali Obeyesekere Joint Trustee, JPAA Canada Trust Account 

 
 

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