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Cabinet approval to obtain $400 mn. policy-based loan from ADB

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The Cabinet of Ministers has granted approval for the procurement of a policy-based loan of US$ 400 million from the Asian Development Bank (ADB) through two sub-programmes for the implementation of Sri Lanka’s financial sector stability and reform programme.

The first sub-programme has received US$ 200 million of the total loan amount by December 2023.

For the second sub-programme, 12 pre-policy activities must be completed to secure the remaining US$ 200 million while most of these activities are either completed or nearing completion.

Accordingly, the Cabinet has granted approval to the proposal put forward by President Ranil Wickremesinghe, in his capacity as Minister of Finance, Economic Stabilization, and National Policy, to obtain the US$ 200 million loan from ADB under the second sub-programme of Sri Lanka’s Financial Sector Stability and Reform Programme.

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Nishantha appointed to Harshana’s MP seat

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The Election Commission has officially gazetted Ushettige Don Nishantha Jayaweera as a Member of Parliament representing the National People’s Power (NPP). 

This appointment has been made to fill the parliamentary vacancy created by the recent resignation of Harshana Suriyapperuma, the Election Commission said.

Dr Suriyapperuma was recently sworn in as the new Secretary to the Ministry of Finance after resigning from Parliament.

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IRD Dy. commissioner arrested for soliciting bribe

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An Inland Revenue Department (IRD) Deputy Commissioner has been arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) for allegedly soliciting a bribe of Rs. 50,000 from a businessman.

According to investigations, the IRD officer had demanded a bribe from a businessman in Piliyandala in order to issue a tax clearance report for his business located in Dematagoda.

It is reported that the officer had initially demanded Rs. 100,000, but the amount was later reduced to Rs. 50,000 after negotiations. The businessman had already paid an advance of Rs. 42,000 on July 03, reports add.

CIABOC officials had nabbed him while accepting the balance Rs. 8,000 in cash, at the IRD office on Jawatte Road in Colombo.

The suspect is to be produced before the Colombo Magistrate’s Court.

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Summons issued on Keheliya

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The Colombo High Court Special Trial-at-Bar has issued summons on former Minister of Health Keheliya Rambukwella and 11 others to appear before court on July 11.
Summons have been issued over a case filed over the alleged import of substandard Human Immunoglobulin vials, in order to serve the indictments filed under 13 separate charges against the accused.

The case is to be heard before a Trial-at-Bar comprising High Court Judges Mahen Weeraman, Amali Ranawera and Pradeep Abeyratne.

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