Now a part of the Kushtarajagala Viharaya, the larger than life statue is one of the best remaining statues built under the influence of Mahayana Buddhism in Sri Lanka.

Despite the long believed legend that the statue represents a foreign prince suffering from an incurable skin disease, who sought refuge in Weligama away from the prying eyes of the world, the archaeologists and historians now believe that the statue is a deity or the Avalokitesvara Bodhisattva belonging to the Mahayana tradition of Buddhism which was a major influence in Sri Lanka during the 6th and 7th centuries AD.

Believed to be once a part of the ancient Agrabodhi Viharaya, the temple still retains its ancient charm despite being left to the effects of nature.