The Presidential Commission of Inquiry (PCoI), which was appointed to investigate irregularities in the Edirisinghe Trust Investments (ETI), has revealed that ETI properties had been sold illegally.
The PCoI said that money has also been laundered during the sale of the properties.
The commission has indicated that the government can seize the property and take legal action against the Edirisinghe family under the criminal law.
This PCoI was appointed in January 2020 by former President Gotabaya Rajapaksa to find out if irregularities had taken place when selling properties owned by the ETI group, with the intervention of the Central Bank, to pay back the depositors.
The Commission was headed by former Supreme Court Judge K.T. Chithrasiri and included former Solicitor General Suhada Gamlath and senior banker D.M. Gunasekara.
Meanwhile, this commission has also been entrusted to find out whether the sale of Swarnavahini media network to several companies including Ben Holdings is against the law.
The President has given instructions to relevant departments to take necessary actions regarding the commission’s recommendations.
The office-bearers of Ben Holdings at the time of the purchase of Swarnavahini.
A threat to national security!
Meanwhile, media reports earlier revealed that the State Intelligence Service had warned that several directors of the foreign investing company which obtained shares of the EAP owned ‘Swarnavahini’ media network, have direct links with the LTTE.
On November 15, 2019, the State Ministry of Defence had informed the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) and the Ministry of Mass Media of this through the document number MOD / TEC / 01 / MGMR Network / 2019 (04).
A portion of the assets belonging to EAP Group of Companies was purchased by Ben Holdings (Pvt.) Ltd.
The company has been able to indirectly obtain 60% ownership of Swarnavahini, violating the laws and regulations of Sri Lanka.
It was also revealed that three prominent figures at Ben Holdings (Pvt.) Ltd. have direct links to the LTTE when the company was in the process of purchasing Max TV owned by MGMR Networks.
Before the deal was processed, directors of the purchasing company required a clearance certificate from the Ministry of Defence and this information was revealed during the clearance process.
However, the security clearance process had not been required during the Swarnawahini deal because the license of the media channel was not obtained recently.
It was later revealed that Lyca Group Chairman Subaskaran Allirajah had provided funds for Ben Holdings (Pvt.) Ltd, Alex Lowell and Blue Summit Capital to obtain Swarnawahini shares.
Allirajah is also said to be a strong financial supporter of the British Conservative Party and former UK Prime Minister – John Major.
Meanwhile, Sri Lanka Mirror previously reported that there is a risk of EAP Group of Companies being confiscated based on this situation.
A post is also circulating on social media regarding this information.
The post is shown below
Interesting developments
Meanwhile, it was interesting to note that the members of Maha Sangha presented Vishwa Keerthi, Sri Abhimana, Sri Janaranjana Deshabhimana award to Lyca Group Chairman Allirajah at the historic Sri Purvarama Vihara, Matara recently.
The award is said to be given on the basis of meritorious service, talent and conducting an exemplary life.
President Anura Kumara Disanayake met with former President of the Republic of South Africa, Mr. Thabo Mbeki, this afternoon (June 26) at the Presidential Secretariat.
Mr. Mbeki, who is on his first visit to Sri Lanka, expressed his appreciation for the opportunity to visit the country, stating that he has long followed Sri Lanka’s efforts toward national unity and reconciliation with keen interest. He noted that he was pleased to visit Sri Lanka at this significant moment.
Although South Africa and Sri Lanka are geographically distant, the former President observed that both nations share similarities in their multi-ethnic, multi-religious and multicultural compositions. He added that both countries face similar challenges in achieving peace and reconciliation and expressed his willingness to share lessons learned and experiences from South Africa’s own reconciliation journey.
Mr. Mbeki stated his confidence in President Disanayake’s ability to unite Sri Lanka’s diverse communities and overcome current economic and reconciliation related challenges.
President Disanayake reaffirmed his commitment to fostering national harmony and reconciliation while leading the country forward amidst economic challenges. He emphasized that he remains dedicated to building unity among all ethnic groups and steering the nation toward stability and progress.
Also present at the meeting were South African High Commissioner to Sri Lanka, Sandile Schalk, Chief Executive Officer of the Thabo Mbeki Foundation, Maxwell Boqwana and the Foundation’s Chief Operating Officer, Mr. Lukhanyo Neer.
Representing Sri Lanka were Minister of Public Security and Parliamentary Affairs, Ananda Wijepala and Senior Additional Secretary to the President, Roshan Gamage.
Executive Group Director of The Capital Maharaja Group, Chevaan Daniel and Group Manager Anushka Lewke also joined the occasion.
United Nations High Commissioner for Human Rights Volker Türk has called for the repealing of the Online Safety Act while also imposing a moratorium on enforcement of the Prevention of Terrorism Act (PTA).
Addressing a media conference in Colombo before concluding his visit to Sri Lanka, the United Nations High Commissioner for Human Rights called for an expedited review and release of long-term PTA detainees and prisoners.
The UN Rights Chief said, “I also call for the moratorium of the use of the Prevention of Terrorism Act (PTA) and urge an expedited review and release of long-term PTA detainees and prisoners.”
“I also understand that a bill proposing the decriminalization of same sex relationships is before parliament and I hope it will be passed soon”, he added.
In addition, he also called for police reforms in the country.
Meanwhile, a media release by the President’s Media Division states that the UN Rights Chief has expressed his complete support for the direction Sri Lanka is pursuing under the leadership of President Anura Kumara Disanayake to strengthen national unity, promote reconciliation and safeguard Human Rights.
During a meeting with President Anura Kumara Disanayake at the Presidential Secretariat this afternoon (June 26), the UN Rights Chief has commended the current political and social transformation taking place in the country and noted that people in both the North and the South have placed strong confidence in the President and the Government. Mr. Volker Türk stated that during his visit to Sri Lanka, he was able to gain a clear understanding of the on-going transformation taking place in the country. He expressed his belief that the people of Sri Lanka are now placing a renewed optimism for a brighter future.
The issue of missing persons was also discussed in detail. The High Commissioner observed that families of the missing whether in the North or the South share the same pain and emphasized the expectation of the UN Human Rights Office that the Sri Lankan Government will honour the trust these families have placed in it.
The discussion further stressed the importance of strengthening and restructuring the institutional framework responsible for addressing the issue of missing persons. It was noted that past political cultures had hindered these institutions from effectively delivering on public expectations and protecting the rights of citizens.
In his remarks, President Anura Kumara Disanayake stated that, as a political movement that has directly faced the experience of the missing persons his administration has a deep understanding of their pain.
The President emphasized that his government is fully committed to implementing the necessary reforms to ensure national unity, foster reconciliation and safeguard human rights across the country.
The President also emphasized that restoring economic stability remains a top priority of his administration. While recognizing the scale of the current challenges, the President reiterated his Government’s strong determination to address them and called for the continued support of the international community.
President Disanayake further said that international cooperation, including the support of the UN Human Rights Office and other global institutions, is essential for accurately conveying Sri Lanka’s actual circumstances to the global community and improving the nation’s international reputation.
Also present at the meeting were several senior officials from the United Nations, including UN Resident Coordinator in Sri Lanka Marc-André Franche, Chief of the Asia-Pacific Section of Global Operations Division Office of the High Commission for Human Rights (OHCHR) Rory Mungoven, Desk Officer of OHCHR Elaine Chan, Senior Human Rights Adviser at the Office of the United Nations Resident Coordinator Laila Nazarali, Development Coordination Officer, Office of the United Nations Resident Coordinator Azam Bakeer Markar and Public Information Officer of the OHCHR Anthony Headley.
Representing the Government of Sri Lanka were Minister of Justice and National Integration Harshana Nanayakkara, Minister of Public Security and Parliamentary Affairs Ananda Wijepala and Senior Additional Secretary to the President Roshan Gamage, among other officials.
CIB Big City, a private business outlet in Maharagama, has been fined Rs. 1 million by the Gangodawila Magistrate’s Court today (June 26) for selling overpriced bottled water.
A case was filed against the business outlet following a raid carried out by the Consumer Affairs Authority (CAA) officials on May 09, 2025.
During the raid, officials had discovered that a 500 ml bottle of water has been sold at Rs. 90 despite the MRP being declared as Rs. 70 by a gazette notification published on April 01, 2025.
The store is a part of the well known fashion chain – Wijaya Group, which is chaired by Mr. K.R.G Wijesundera.