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All eyes are on China – Nuland

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US Under Secretary of State for Political Affairs Victoria Nuland said on today (01) that the United States wants to see an IMF agreement for Sri Lanka as soon as possible.

Speaking to media in Colombo, she said that the United States and the Paris Club are doing their part to see an IMF agreement for Sri Lanka come through, however, added that what China has offered in terms of debt restructuring and relief is not enough.

“We need to see credible and specific assurances that they will meet the IMF standard of debt relief,” she added.

US Under Secretary of State for Political Affairs Victoria Nuland met with Sri Lankan President Ranil Wickremesinghe in Colombo for talks on the ongoing US support for Sri Lanka.

She noted that the United States is for a quick conclusion of the negotiations with the IMF, and expects all of Sri Lanka’s major creditors to work with the IMF.

“We expect that China will provide credible and specific assurances regarding its readiness to join the rest of us in meeting the IMF standards regarding debt restructuring. So, we are seeing the rest of Sri Lanka’s creditors come forward with those assurances, and now all eyes are on China to do the same,” she noted.

Ms. Nuland has also said it is important for Sri Lanka to go ahead with the March elections and the people of Sri Lanka must be allowed to have a voice in their future.

“It is vital time for Sri Lanka to strengthen its democracy, its governance, and its reconciliation. This includes proceeding with local elections this March, giving people across the country a voice in their future,” she said.

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Ex-chairman of Lindula-Talawakelle UC, remanded

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Former chairman of the Lindula-Talawakelle Urban Council – Asoka Sepala has been arrested today (June 02).

The Colombo Chief Magistrate has ordered to remand the suspect until June 11.

The former chairman has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) for causing a loss of Rs. 2.38 million to the government, during the issuance of a tender to lease stall belonging to the Urban Council.

It is said that instead of awarding the tender to the highest bidder, it was given to a lower bidder, resulting in the aforementioned loss.

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Halloluwa further remanded

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Former Director of the National Lotteries Board (NLB) – Thusitha Halloluwa, has been further remanded until June 04, by the Fort Chief Magistrate’s Court.

Halloluwa remains in custody over alleged misappropriation of government assets belonging to the NLB.

He was previously arrested and released on bail on May 02 over the alleged misuse of a computer and a mobile phone valued at over Rs. 470,000 during his tenure as the Acting Director of the National Lotteries Board.

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Electricity (Amendment) Bill challenged

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The Electricity (Amendment) Bill, which was recently tabled in Parliament, has been challenged in the Supreme Court.

Accordingly, the Supreme Court today (June 02) ordered that the petition filed by the Ceylon Electricity Board Engineers’ Union requesting a ruling that certain provisions of the Electricity Bill are unconstitutional be taken up for hearing on June 06.

The order was issued when the petition was taken up before a three-member Supreme Court bench comprising Justice A.H.M.D. Nawaz, Arjuna Obeyesekere and Priyantha Fernando.

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