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Sakvithi & wife pay another installment of Rs.5mn

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Popular English tutor Sakvithi Ranasinghe and his wife yesterday settled the second installment of Rs.5 million in the Colombo High Court after pleading guilty to the charges filed against them.

The amount was paid following a court order over the case filed against the two suspects for allegedly running an illegal financial institution without the approval of the Central Bank of Sri Lanka and accepting deposits over Rs.164 million from the people.

At a previous occasion, Ranasinghe and his wife pleaded guilty to the charges and agreed to pay the obtained amount in 20 equal installments. They settled the first installment on that day.

The Attorney General filed a revised charge sheet against the defendants for misappropriating an amount of 164,185,000 invested as deposits in a company called “Sakvithi Construction Company” in Nugegoda from January 01, 2006 to September 03, 2008.

When the case was taken up, Ranasinghe and wife were present in court.

The Attorney General had filed an indictment against Sakvithi Ranasinghe, his wife and eleven Board directors of Sakvithi House Construction Financial Institution. However, the Attorney General had previously decided to release the rest of the accused except Ranasinghe and wife from the case.

The next installment is to be paid on September 22. The Judge ordered the case to be taken up again on the same day.

Attorney-at-law Gamini Alwis appeared for the defendants along with Attorney-at-law Ravindra Senarath.

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Concealed foreign liquor found during police raid at spare parts company

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Officers of the Walana Anti-Corruption Unit have discovered a stash of foreign liquor stashed at a well known spare parts company located in Delkanda, Nugegoda.

Upon receiving a tipoff, police discovered a large quantity of foreign liquor concealed at the company premises named ‘Lakpahana Auto’.

A 59-year-old man who works as the manager of the premises, has been arrested.

It is said that the street value of the liquor is nearly Rs. 10 million.

Police investigations further revealed that the businessman owning the spare parts company also owns two night clubs in Kottawa and Kollupitiya and the stashed liquor had been delivered to these two nightclubs.

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Bread flour prices slashed

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Leading flour manufacturers in Sri Lanka – Serendib Flour Mills and Prima, have decided to reduce bread flour prices by Rs. 10 per kilogram effective from tomorrow (Feb.18).
“During 2024, we implemented an initial reduction of Rs. 10 per kilogram in bread flour prices. While the earlier reduction did not translate to lower bread prices, both institutions have now stepped forward with an additional Rs. 10 per kilogram reduction, bringing the total reduction to Rs. 20 per kilogram,” said Mr. Kalinga Wijesekera, Director Brand and Corporate Communications, Serendib Flour Mills.

“We have informed the Minister of Trade of the latest reduction, and sincerely believe the Bakery Association will pass on the benefit of this price reduction to end consumers through reduced prices of bread and other bakery items,” he added.

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Justice Laffar’s term extended  

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The term of Acting President of the Court of Appeal – Justice Mohammed Thahir Laffar has been extended.

Accordingly, Justice Mohammed Thahir Laffar took his oath before President Anura Kumara Disanayake at the Presidential Secretariat today (Feb. 17).

Secretary to the President Dr. Nandika Sanath Kumanayake was also present on this occasion.

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