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CoPF approves resolution on DDO by a majority

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The Resolution on the Domestic Debt Optimization was approved by the Committee on Public Finance by a majority at the Committee meeting held today (30).

Extensive Domestic Debt Optimization discussions were held for the second consecutive day today at the Committee on Public Finance Chaired by (Dr.) Harsha de Silva.

Discussions were held yesterday (29), separately with Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka (CBSL), Mr. K. M. Mahinda Siriwardana, Secretary to the Treasury and high officials representing the Ministry of Finance, Economic Stabilization and National Policies during the first half of the meeting. Discussions were held with creditors, including banks, superannuation funds, insurance funds to obtain perspectives during the second half of the meeting.

Post the extensive discussions held, the Committee approved the Resolution by a majority subject to certain amendments made at the Committee meeting held.

State Minister of Finance – Shehan Semasinghe, Leader of the Opposition – Sajith Premadasa, Committee Members and Members of Parliament were present at the Committee meeting held.

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Yoshitha Rajapaksa named suspect in money laundering case

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Sri Lanka Police said that they will file charges against Yoshitha Rajapaksa under the Prevention Of Money Laundering Act.

This was confirmed by Police Spokesperson Senior Superintendent of Police Buddhika Manatunga during a press conference held in Colombo this morning.

SSP Manatunga stated that an investigation into Yoshitha Rajapaksa has been ongoing since 2016, following the discovery of over Rs. 59 million in his bank accounts. Rajapaksa has been unable to provide a satisfactory explanation for the source of these funds. Consequently, the police initiated an investigation under the Prevention Of Money Laundering Act.

According to the Police Spokesperson, further investigations revealed that the funds were invested in fixed deposits and bank accounts maintained as a joint account with a woman named Daisy Forrest. Based on these findings, the Attorney General directed the police to name Daisy Forrest as a suspect in the case alongside Rajapaksa.

Today, the Kaduwela Magistrate’s Court formally named Yoshitha Rajapaksa and Daisy Forrest as suspects in the money laundering case.

A foreign travel ban has already been imposed on Daisy Forrest. The police spokesperson said that Sri Lanka Police will continue to take necessary legal actions against all suspects involved in the case.

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No Change in Litro Gas Prices for February

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Channa Gunawardena, the Chairman of Litro Gas Company, has confirmed that the prices of domestic LP gas cylinders will remain unchanged for the month of February 2025.

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17 Police officers discharged from service for drug use

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Sri Lanka Police have terminated the services of 17 officers in the past four months for consuming illegal drugs, including heroin and synthetic substances like ICE.

Police Spokesman SSP Buddhika Manathunga said that the Intelligence Units and Special Investigations Unit compiled a list of officers within the Sri Lanka Police Department suspected of using drugs.

The officers in question were tested and medical reports were sent to the National Dangerous Drugs Control Board. Following the results, the officers were dismissed from the police force.

SSP Manathunga also confirmed that investigations are ongoing into several other officers facing similar charges, and action will be taken based on their medical test results.

The Acting Inspector General of Police has instructed that strict action be taken against senior officers involved in the matter.

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