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CIABOC to refile indictments against Cabraal over Greek bond loss

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8 months ago

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The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has decided to refile indictments against former Central Bank Governor Ajith Nivard Cabraal. 

The charges involve causing a loss of Rs. 1.84 billion to the government by investing in Greek bonds during Greece’s severe economic crisis, according to Commission sources.

Cabraal was initially released from the case on a technicality after the Colombo High Court upheld a preliminary objection by his lawyers. 

The objection focused on the validity of the CIABOC’s Director General’s appointment at the time the indictments were filed. Similar issues led to the withdrawal of cases against several other accused individuals due to the adoption of the new Anti-Corruption Act and the timing of the Director General’s appointment.

Cabraal’s lawyers argued that there was no Director General appointed to the Bribery Commission under the new Anti-Corruption Act, which took effect on September 15, 2023. They claimed that the previous Director General had no authority to continue in the role until a new appointment was made.

Currently, three fundamental rights petitions are pending in the Supreme Court, challenging the appointment of the current Director General of CIABOC. These petitions are scheduled for consideration on June 19.

The Anti-Corruption Act does not explicitly address scenarios where a Director General has not been appointed, creating a technical issue for CIABOC.

The Commission plans to resolve these issues and refile the indictments accordingly.

Source – Sunday Times 

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Canteen, hotel food prices to increase from tonight

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1 hour ago

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February 18, 2025

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The All Island Canteen and Restaurant Owners’ Association (AICROA) has decided to increase the prices of all canteen and hotel food items from midnight today.  

Association Chairman Harshana Rukshan said that the price of a cup of plain tea will increase by Rs. 5, a cup of milk tea by Rs. 10, a plate of fried rice and kottu by Rs. 30, and the prices of short eats by Rs. 10.  

Addressing the media, he said that no concessions were provided for canteen and restaurant owners in the recent budget.  

“Even though the price of a packet of salt has increased to Rs. 200, the price of an egg has risen again to Rs. 35, a kilogram of chicken costs more than Rs. 1,000 and the price of coconuts has reached a maximum of Rs. 220, we did not request the President to reduce the prices of any of these items.  

“Unfortunately, no support has been provided for the protection of canteens and restaurants in the country,” he added.

(dailymirror.lk)

(This story, originally published by dailymirror.lk has not been edited by SLM staff)

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Ex-minister indicted

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1 hour ago

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February 18, 2025

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Indictments have been served against former Minister Piyankara Jayaratne before the Colombo High Court today (Feb. 18).

He faces charges of allegedly committing an offence of “corruption” by influencing officials of the Civil Aviation Authority (CAA) to deposit an amount of Rs. 494,000 to an account of a bank in Chilaw, during his tenure as the Minister of Civil Aviation.

The indictment sheets, filed by the Bribery Commission, were handed over to the court before the High Court Judge Manjula Thilakaratne today.

The judge subsequently ordered to release the ex-minister on two surety bails of Rs. 500,000 each

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Price of bread reduced

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7 hours ago

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February 18, 2025

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Bakery owners have agreed to reduce the price of a loaf of bread by Rs. 10, according to the Ministry of Trade.

This follows a decision by two leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, to reduce the price of wheat flour by Rs. 10 per kilogramme.

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Bread flour prices slashed

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