News

Probe Hamilton Bank & Rajapaksas-Cabraal deal: Patali

Published

2 weeks ago

September 13, 2023

editor

President Ranil Wickremesinghe and the Governor of the Central Bank should conduct an immediate and formal investigation into the case filed against Sri Lanka by the Hamilton Bank in St. Kitts & Nevis and its potential links to the Rajapaksas and former Central Bank Governor Ajith Nivaard Cabraal, MP Patali Champika Ranawaka said.

Speaking to ‘The Island’ newspaper, he said the Hamilton Reserve Bank, which holds more than $250 million of Sri Lanka’s 5.875% International Sovereign Bonds due July 25, filed the suit in June in a New York federal court seeking full payment of principal and interest.

MP Ranawaka also said that the US Government has also intervened in the case due to the suspicions that have arisen regarding this bond transaction.

He said that ‘International Financial Time’ has reported that a representative of Hamilton Bank reached an agreement with the then CBSL Governor Ajith Nivard Cabraal in the purchase of these bonds.

“The Central Bank should reveal for how much these bonds were sold in the secondary market, and had it been agreed that the people would pay for these bonds with the dollars that were saved to purchase fuel, electricity, medicine, and if that’s the reason why the bank bought these bonds? There is a need for a fair investigation as to how much commission the people of our country received from this sale,” he said.

MP Ranawaka further said that there is a doubt about the settlement of a similar bond of USD 500 million in March 2022.

News

Fmr. SDIG gets 5-yr. jail term

Published

2 hours ago

September 25, 2023

editor

The Ratnapura High Court has sentenced former Senior DIG Lalith Jayasinghe for five-year imprisonment for intimidating Kahawatte OIC not to arrest MP Premalal Jayasekera over a shooting incident.

Ratnapura High Court also ordered the convict to pay a fine of Rs. 20,000.

The shooting incident took place during the 2015 Presidential election campaign.

News

Notice on issuing revenue licenses in WP

Published

5 hours ago

September 25, 2023

editor

The Department of Motor Traffic has decided to temporarily suspend the issuing of revenue licenses in the Western Province due to a system update.

According to the department, the services will be unavailable from this Wednesday (September 27) to next Monday (October 02).

The Motor Traffic Department said in a statement that vehicles of which revenue licenses are expiring from Tuesday, September 26 can be renewed until October 10, without fines.

Meanwhile, the online service for revenue licenses was temporarily suspended from midnight yesterday (September 24) and will remain so until Friday, October 06.

The department added that the temporary service suspension was due to an update on the system maintained by the Information and Communication Technology Agency of Sri Lanka.

News

CID ordered to hand over Schaffter’s remains to family

Published

6 hours ago

September 25, 2023

editor

The Colombo Additional Magistrate has ordered the Criminal Investigation Department (CID) to hand over the remains of late businessman Dinesh Schaffter to his family as postmortem examinations have been concluded.

The specialist doctors’ committee appointed to compile a report on Schaffter’s death had informed the courts that the relevant investigation activities have been concluded, and that the remains of the late businessman can be released.

Furthermore, Additional Magistrate Rajindra Jayasuriya, also pointed out that the five-member expert committee headed by Prof. Asela Mendis, which was appointed by the court to compile a report on Schaffter’s death has informed the court that their judicial investigations have been completed.

Accordingly, the Additional Magistrate, who stated that the expert committee has requested the court to issue an order for the release of Schaffter’s remains, ordered the CID to hand over the body to his family under the supervision of Prof. Clifford Perera and Judicial Medical Officer P.R. Ruwanpura.

Later, the case was also ordered to be recalled on October 09, 2023.

(Source : adaderana.lk)