Connect with us

News

Court bans 8 accounts of an American financial company

Published

on

Colombo Chief Magistrate Prasanna Alwis yesterday (19) ordered an American company named ‘Binance.com’, which had invested in OnmaxDT Pvt. Company accused of earning USD 100 million through illegal pyramid schemes, to freeze eight accounts of the company.

The Criminal Investigation Department (CID) informed the court that according to the Director of the Financial Intelligence Unit of the Central Bank of Sri Lanka, this is the first time that a Sri Lankan court has issued an order to an American financial institution.

It was revealed that more than Rs.430 million rupees have been deposited in eight accounts of the American financial company ‘Binance.com’, and accordingly, the CID requested an order to suspend the transactions of those eight accounts for a period of six months from yesterday (19).

Accordingly, the eight suspended accounts are Onmax DT Private Limited (Sri Lanka), Onmax Pty Ltd. Company (Australia), the account established in the name of Sri Lankans Dhananjaya Gayan, Sampath Sandaruwan Lenaduwage, Saranga Randika Jayatissa (two accounts), Vikramapeli Gedera Chandrakanti and Kahadawa Arachchige Athula Indika Sampath.

Earlier, the Magistrate imposed a travel ban on six directors of the Onmax DT, Sampath Sandaruwan, Athula Indika Sampath, Gayashan Abeyratne, Madhuranga Prasanna, Saranga Randika, and Dhananjaya Jayan.

The CID informed the court that statements were recorded from two persons regarding two accounts of Onmax.

The CID also requested the court to issue an order to submit the mobile phones and computers of the two persons to the Computer Emergency Readiness Team to inspect the accounts. Accordingly, the Magistrate issued the order.

On the 28th, orders were issued by the court to freeze 57 bank accounts under the name of the company in Bank of Ceylon, Central Finance, Nations Trust, Seylan Bank and People’s Trust banks.

According to a complaint made by the Director of the Financial Intelligence Unit of the Central Bank of Sri Lanka, the facts regarding this incident were reported to the court by the Financial Crimes Investigation Unit of the CID.

The CID informed the court that by registering a company as ‘Onmax DT’ private company and conducting illegal pyramid transactions through that company, more than 100 million US dollars had been transacted in Crypto Currency Wallets.

The CID reported to the court that the owners of the company have committed a punishable offence under Section 83 A (1) of the Banking Act and Section 3 of the Prevention of Money Laundering Act.

(Lankadeepa)

News

Landslide warnings for several areas

Published

on

By

The National Building and Research Organisation (NBRO) has extended the early landslide warnings issued to multiple areas in eight districts, as heavy rainfall continues in parts of the island.

The NBRO says that the warnings will be in effect until 4.00 pm tomorrow (Nov. 07).

Accordingly, a Level 1 (Amber) warning has been issued for several Divisional Secretariat Divisions (DSDs) and surrounding areas in the Badulla, Galle, Kalutara, Kandy, Kegalle, Kurunegala, Matara and Ratnapura districts as follows:

Badulla – Welimada, Haldummulla DSDs and surrounding areas
Galle – Elpitiya DSD and surrounding areas
Kalutara – Bulathsinhala DSD and surrounding areas
Kandy – Udapalatha and Yatinuwara DSDs and surrounding areas
Kegalle – Rambukkana and Mawanella DSDs and surrounding areas
Kurunegala – Polgahawela DSD and surrounding areas
Matara – Pasgoda, Akuressa and Kotapola DSDs and surrounding areas
Ratnapura – Godakawela, Imbulpe, Nivithigala, Openayake, Elapatha, Balangoda, Kalawana, Ayagama, Pelmadulla, Kiriella and Kahawatta DSDs and surrounding areas

Meanwhile, a Level 2 (Yellow) warning was issued for the following areas:

Kegalle – Deraniyagala, Ruwanwella, Dehiowita, Yatiyanthota, Kegalle, Galigamuwa, Bulathkohupitiya, Warakapola and Aranayake DSDs and surrounding areas

Ratnapura – Ratnapura, Kuruwita and Eheliyagoda DSDs and surrounding areas

Continue Reading

News

RW named respondent as court to review injunction against e-passport purchase

Published

on

By

Former President Ranil Wickremesinghe has been named as a respondent of the writ petition filed with the Court of Appeal challenging the previous government’s decision to purchase passports from two foreign companies.

Wickremesinghe has been named as a respondent of the relevant writ petition filed by Epic Lanka Private Limited, through a motion submitted by the petitioning party, when the petition was taken up before the two-member Appeals Court judge bench comprising Justices Mohammed Laffar and P. Kumaratnam today (06).

During the hearing, the attorneys who appeared for the two foreign companies named as respondents stated that their clients have been critically prejudiced through the interim injunction issued by the court preventing the purchase of 5 million e-passports.

The attorneys, who pointed out that the relevant injunction will be in effect until the hearings of the petition are concluded, requested the court to issue an order lifting the injunction.

Meanwhile, appearing for the petitioning party, President’s Council Viran Corea argued that the process of purchasing the passports in question has been carried out under an informal procurement system.

Furthermore, the President’s Counsel objected to the lifting of the injunction issued, requesting for an expedited conclusion of the hearing of the petition and for a final verdict to be issued.

Following the consideration of the facts presented, the bench ordered the petitioning party to file objections related to the request to lift the injunction preventing the purchase of passports. 

Later, the case was also ordered to be recalled on December 09 for the consideration of facts on whether or not the injunction should be lifted.

The petition has been filed by Epic Lanka Private Limited seeking an order invalidating the decision taken by the previous government to purchase 750,000 normal passports and 5 million e-passports from two foreign firms.

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

Continue Reading

News

Prime Minister meets Anti Corruption officials of ICC

Published

on

By

Prime Minister Dr. Harini Amarasuriya recently met with key figures from the International Cricket Council (ICC) Anti-Corruption Unit (ACU), including Mr. Sumathi Dharmawardena, President’s Counsel, the newly appointed Independent Chair of the ICC ACU, and Mr. Alex Marshall, (CBE, QPM) General Manager of Integrity and Human Resources, ICC.

During the discussion, Mr. Alex Marshall noted Sri Lanka’s progress in combating corruption in cricket over the past seven years, emphasizing the importance of player education and strengthening the Ministry of Sports’ Special Investigations.

The meeting was also attended by Mr. Andrew Ephgrave, Senior Manager, of ICC ACU Operations; Mr. Vije Bandara, Senior Attorney and Director General of Legal at the President’s Office; Mrs. Illeperuma, Additional Secretary at the Ministry of Sports; and Prof. Shemal Fernando, Director General of Sports.

(Prime Minister’s Media Division)

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved