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3 directors remanded over Rs.1.5 bn. pyramid scheme

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The Colombo Magistrate’s Court yesterday (March 14) ordered to remand three directors of Smart Win Pvt Ltd till March 17.

The directors – Manjula Weerasinghe, Sudam Chandana, and Ravindralal Sanjeewa face charges of operating an illegal pyramid financial scheme under the guise of a Wallapatta cultivation project, defrauding investors across the country of Rs. 1.5 billion. 

The Criminal Investigation Department (CID) reported that the company solicited Rs.30,000 per Wallapatta plant from investors, promising returns of three to four times the initial investment.

The CID further informed courts that investigations have revealed that this company has been operating illegally without the approval of the Central Bank of Sri Lanka.

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Heavy showers forecast today

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Showers are expected at times in the Western, Sabaragamuwa and North-western provinces and in the Nuwara-Eliya, Kandy, Galle and Matara districts today (June 28), the Department of Meteorology stated.

Fairly heavy falls above 50mm are likely at some places in the Western and Sabaragamuwa provinces.

A few showers may occur in the Jaffna, Mannar, Anuradhapura and Matale districts.

Showers or thundershowers may have also been predicted in the Uva province and in the Ampara and Batticaloa districts during the afternoon or night.

Meanwhile, fairly strong winds of about 30-40kmph can be expected at times over the Western slopes of the central hills and in the Northern, North-central and North-western provinces and in the Trincomalee and Hambantota districts.

The general public has been requested to take adequate precautions to minimize damages caused by temporary localized strong winds and lightning during thundershowers.

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O/L results expected in end of July

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Commissioner General of Examinations A.K.S. Indika Kumari Liyanage says the G.C.E. Ordinary Level 2024 (2025) exam results will be released around the third week of July.

This clarification comes after false social media reports claiming the results would be out earlier, which the Department of Examinations has denied.

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Nishantha Wickremesinghe remanded (Update)

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Former Chairman of SriLankan Airlines Nishantha Wickremesinghe has been  remanded until July 01.

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(Previous News : June 27, 2025 4.41pm)

2 ex-heads of govt. institutions, arrested

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has arrested two former Chairmen on corruption charges.

Former Chairman of the Fisheries Corporation – Upali Liyanage and former SriLankan Airlines Chairman – Nishantha Wickremesinghe have been arrested in this manner.

However, Liyanage, who was produced before Colombo Chief Magistrate Thanuja Lakmali Jayathunga, was released on three sureties amounting to Rs. 5 million.

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